Economics

With the seeming deconstruction of the Biden Administration proceeding at a rapid clip, many on the right hope for an end to the conscious stoking of class resentments that has characterized progressive politics.  read more »

Innovation does not occur in a vacuum, but rather through cooperation. This explains in part why innovation activities tend to be focused on specific regions. One such region is Stockholm, which has served as home for globally successful enterprises in different sectors, such as fintech, environmental technology, and communication.  read more »

We bemoan autocracies in Latin America, the Middle East, Africa, Russia and China but largely ignore the more subtle authoritarian trend in the West. Don’t expect a crudely effective dictatorship out of Orwell’s Nineteen Eighty-Four: we may remain, as we are now, nominally democratic, but be ruled by a technocratic class empowered by greater powers of surveillance than those enjoyed by even the nosiest of dictatorships.  read more »

American mythology promises upward mobility, and college can provide an important first step up the class ladder. With the rise of the “knowledge economy” and the decline of industrial jobs and unions, some insisted that education is the answer to economic displacement. If you can’t earn a stable, living wage as a steelworker, go to college and become a nurse or a computer programmer. And if you didn’t make that choice, it’s your own fault that you’re struggling. After all, college was affordable, accessible, and varied.  read more »

Some horrified conservatives dismiss California as the progressive dystopia, bound for bankruptcy and, let’s hope, growing irrelevance.  read more »

For some years now, policy wonks have proposed replacing the pay-at-the-pump gas tax with a “vehicle miles traveled” system. The reasons take a few different paths but are mostly centered around the issue of the fairness of “user fees” compared to purchase taxation, an idea made more relevant by the proliferation of non-gas using electric cars.  read more »

For a generation, California has seen more of its residents and companies head elsewhere, but has found a way to respond, at least in terms of wealth creation, by constant innovation. But today, the Golden State’s hold on the elite reaches of the economy is slipping in ways that could threaten the state’s long-term prosperity.  read more »

As late as the 1800’s, the world was “decarbonized” as there were no coal or natural gas power plants, and what the Beverly Hillbillies situation comedies of the 1960’s theme song called “oil that is, black gold, Texas tea”, had not been discovered as something that could be manufactured into usable products.  read more »

I have always been skeptical of the use of labor statistics. In 2009, I began to write in Working-Class Perspectives about the de facto unemployment rate, because official reports on the unemployment rate in Youngstown left out much of the story. Drawing on traditional Bureau of Labor Statistics data as well as comparative studies from the Center for Economic and Policy Research, I looked beyond how many people were looking for work to add figures for how many were underemployed, discouraged, or unable to work because of disability.  read more »

One of the far-too-often repeated statements made by urban, coastal elites is that one’s future cannot be found in the countryside. These city-centered Americans often believe that economic growth, jobs, and the nation’s future can only be found in big cities and that rural America remains a dead-end, brain-drained world with minimal opportunity.  read more »