Summary: The Fed gives us bad news about America. It should be headline news. More important, it should be news that shocks Americans into action. The process can begin with you. Changes in U.S. Family Finances from 2013 to 2016 Evidence from the Federal Reserve’s Survey of Consumer Finances. From the Federal Reserve Bulletin, …
The Fed sounds a red alarm about rising inequality Read More »
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 …
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 …
Our future will be Jupiter Ascending, unless we make it Star Trek Read More »
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 …
When marriage disappears: rising inequality as the threat to the family Read More »
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 …
