Populism arises amidst American workers abandoned by both Left & Right

Summary: Populism has arisen from the lower middle class, Americans abandoned not just by the Right (owned by the 1%) but the Left as well. Populists are the swing vote in modern elections. Who they choose to ally with might create a coalition that rules for another generation. It was the Left in the New … Continue reading Populism arises amidst American workers abandoned by both Left & Right

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When marriage disappears: rising inequality as the threat to the family

Summary:  This post looks at the disintegration of the family, another example of America's regression as we quietly surrendering generations of gains. The America we loved -- relatively classless, with a big middle class, low inequality and high social mobility -- dies a little every day. The evidence lies before us, obvious in the news … Continue reading When marriage disappears: rising inequality as the threat to the family

Complaints about air travel are the cries of a dying middle class

Summary: The airline industry is a tale of New America. Deregulation, cheap fares allowing more people to travel but with increasingly poor service and rising complaints. It's an oft-told story of stupid people unaware of the consequences to their behavior. But that's a shallow view that misses the real significance of these trends.  {1st of … Continue reading Complaints about air travel are the cries of a dying middle class

Techno-utopians keep us ignorant of the past so we cannot see the future

Summary: A new industrial revolution has begun. Knowledge of previous ones can guide us, preparing us for its likely dynamics and showing us the political actions necessary to distribute it's benefits. But the 1% are working against us, seeking to return us to the pre-New Deal era of inequality and profitable (for them) instability. Keeping … Continue reading Techno-utopians keep us ignorant of the past so we cannot see the future

Do America’s leaders say “Apres moi, le deluge”?

Summary:  Today Chet Richards looks a recent Stratfor post about the crisis of the middle class, and from there explores some of the challenges facing 21st century America. . George Friedman, Founder and CEO of Stratfor, is always worth reading for the same reason that, say, James Kilpatrick was: You might not have agreed with … Continue reading Do America’s leaders say “Apres moi, le deluge”?

Ugly truths about income inequality in America, which no politician dares to say

Summary:  A new books by journalists Barlett and Steele shows some ugly and seldom-mentioned aspects of the growing inequality in America.  Most especially, the role of government policy. It didn't just happen. "Avarice, the mother of all wickedness, who, always thirsty for more, opens wide her jaws for gold." --- Claudianus, De Laudibus Stilichonis, II, … Continue reading Ugly truths about income inequality in America, which no politician dares to say

Why the middle class is dying

Summary:  The slow growth of employment (far slower than GDP or corporate profits) continues to puzzle economists.  Perhaps it's just a short-term oddity.  Perhaps something has changed in the overall economy.  Slowly economists see, albeit dimly, the coming robot revolution (no, it's not funny).  This is another in a series about the possibility of radical and severe … Continue reading Why the middle class is dying