middle class

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

By / 8 Comments / 27 August 2015

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 …

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

By / 2 Comments / 27 August 2015

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 …

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

By / 23 Comments / 27 August 2015

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, …

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Why the middle class is dying

By / Leave a Comment / 27 August 2015

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 …

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A DC insider speaks to us about “Voices of Power”

By / 4 Comments / 27 August 2015

This is someone we should listen to, with a message that must hear.  At the end are links to more information about this topic. Voices of Power: Elizabeth Warren, interview by Lois Romano, Washington Post, 8 October 2009 — Warren is Chairwoman of the bank bailout Oversight Committee.  Excerpt from the transcript: ROMANO: Do you …

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