Corporate profits are the market’s foundation, shaping a new America

Summary: Corporate profits have rising to an amazingly large share of our national income, powering the stock market while GDP and household income lag far behind. This has played a large role in shaping the New America of the 21st C. What caused this rise? What might reverse it? See my column at Wolf Street … Continue reading Corporate profits are the market’s foundation, shaping a new America

The TPP shows the workings of our New America, if we care enough to look

Summary:  In this post an insider tells us the sad details about the Trans Pacific Partnership that provide insights into the workings of the New America being raised on the ruins of the Republic-that-once-was. Not just the treaty but the process that creates it. In this afternoon's post, part 2, Alexis de Tocquiville helps us … Continue reading The TPP shows the workings of our New America, if we care enough to look

On Memorial Day let’s admit what we’ve done to America & begin its reform

Summary: It's not too soon to begin preparations for your Memorial Day celebrations. I suggest starting with a public reading of the documents (suitably redacted) which create a New America on the ruins of the Republic. Let's remember the Republic that our fallen fought for -- and how we we threw it away. I can … Continue reading On Memorial Day let’s admit what we’ve done to America & begin its reform

A look ahead at the New America, after the gender wars

Summary: Before we start this series speculating about our new society as gender roles change unrecognizably, I'll reverse my usual procedure and give the conclusions at the beginning. The early signs of these things have already appeared, but most readers will be shocked -- and many will be horrified.  {1st of 2 posts today.} “Always … Continue reading A look ahead at the New America, after the gender wars

The GOP budget shows us the New America that lies ahead

Summary: The first budget by the new Republican majority in Congress shows what lies ahead for America. It's another tale of the New America rising on the ruins of the old, as the 1% begins the pursuit phase of the battle against us. These tales are entertainment for the outer party, just exhilaration as they … Continue reading The GOP budget shows us the New America that lies ahead