Summary: Campaign 2016 has taught us invaluable lessons, as we choose between a clown and a Clinton -- a servant of the 1% (sponsored by Goldman). It's a fitting marker for their victory. But we do not yet see the hidden struggle that brought the 1% back to power, and cannot yet see how to … Continue reading The 1% won a counter-revolution while we played
Summary: Will our future be like Star Trek or Jupiter Ascending? Star Trek shows us a world beyond scarcity where everybody benefits. In Jupiter Ascending the 1% takes the wealth produced by technology and uses it to rule us. We can choose to make Star Trek our future if we are willing to work for … Continue reading Our future will be Jupiter Ascending, unless we make it Star Trek
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
Summary: This post asks if the project to reform America is not just futile but misguided. Yesterday's post explained how American's political system has become dysfunctional from the conflict for control between the upper middle class (the professional and managerial classes I call the “outer party”) and the 1% and its allies (especially the wealthy … Continue reading Will we be better off ruled by the 1%?
Summary: Today we look at 18thC France, and speculate about our future. They too had their 1%, hungry for wealth and power. In a time of troubles, they refused to compromise and so plunged France into a long bloody transition to a new regime. Our situation is very different, but there are a few ominous similarities. … Continue reading Scary lessons for America from pre-revolutionary France.
Summary: America has become increasingly destabilized during the few decades, as the 1% grows stronger and seizes resources to grow still stronger. This post shows them at work shifting income from workers' wages to corporate profits. Inequality doesn't just happen; it results from people making decisions under a specific political and social conditions. In the … Continue reading Connect the dots to see why wages aren’t growing for most Americans
Summary: I try in these pages to convey the extraordinary oddness of our time, when a great nation carelessly destroying its strength and prosperity. Examples are easily found around us. The disregard for science by both Left and Right. Our mad foreign policy, multiplying enemies while discouraging friends. Our high-risk macroeconomic policies. Our apathy to … Continue reading America enjoys a time of sunshine in Hell. Let’s use the time wisely.