Economics

Here’s part 5, the last entry of my “Tottering Chicago?” series. In case you didn’t know or had forgotten, this series was prompted after reading William Voegeli’s That Tottering Town  read more »

‘Capitalists will sell us the rope with which we will hang them.’ This colourful quote, sometimes attributed to Lenin, could well apply to the many free-market ideologues and tech oligarchs in the US, who are now pushing for increased welfare payouts and even a universal basic income (UBI).  read more »

The nation’s number of occupied homes grew by 3.9 percent between 2019 and 2021, representing 4.7 million units of new homes  read more »

The great core cities don’t die — but only if they are willing to change. Today the world’s great cities, such as New York or London, face dramatically changed conditions, notably the rise of remote work, fears from the pandemic, and rising crime.  read more »

Reading the mainstream media, one would be forgiven for believing that the upcoming midterms are part of a Manichaean struggle for the soul of democracy, pitting righteous progressives against the authoritarian “ultra-MAGA” hordes. The truth is nothing of the sort. Even today, the vast majority of Americans are moderate and pragmatic, with fewer than 20% combined for those identifying as either “very conservative” or “very liberal”.  read more »

The 2021 American Community Survey confirms that major population shifts took place due to the pandemic. But those shifts aren’t necessarily reflected by declines in housing prices  read more »

When Marilyn Monroe was cast as a spunky cannery worker in Clash by Night (1952), she took “an all-night bus to Monterey to observe cannery workers and to practice being working class.” As biographer Lois Banner noted, she was even offered a job, cutting off the heads of sardines. But Marilyn was already familiar with factory work.  read more »

Here’s part 3 in the “Tottering Chicago?” series. Today I’m discussing the third question I raised after reading William Voegeli’s That Tottering Town, a review of the book What Next, Chicago?  read more »

Shortages of the following may be leading to the new norm of shortages and inflation:  read more »

America’s narrow escape last week from a major rail-worker strike brought home an important truth: people who make and ship real things – let’s call them material workers – now hold the whip hand over our supposedly ‘post-industrial’ economy.  read more »