For generations, millions have come to California to make their fortunes, relying on the state’s own seemingly limitless fortune of natural resources, favorable climate, and economic opportunity. read more »
Economics
How to Shrink a Fortune
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The Cost of Opportunity Cost Blindness to Riders and Taxpayers
New research by Yadi Wang and David Levinson at the University of Sydney (Australia) casts considerable doubt on the outcomes of major transit projects in the United States read more »
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Illinois: Skilled Moving In, Unskilled Moving Out — At a New Loss
Too often, people interpret population numbers at face value and make a determination of a place’s success or failure based on absolute numbers. read more »
Why the Right is Eating the Left's Lunch
The Western world is experiencing the most dramatic political realignment since the rise of socialism over a century ago. The driving force then was the rise of the working class, created by the Industrial Revolution. read more »
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The Road to Autocracy
Ernst Nolte’s Three Faces of Fascism examined the three devastating ideologies that led to the undermining of European democracy in the 1930s. Today, democratic life is also under threat – and there are also three basic forms that this authoritarian threat takes. read more »
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Property: The Myth That Built the World
Joel Kotkin reviews the recently released book, Property: The Myth That Built the World, by Rowan Moore. The review is excerpted below: read more »
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The Gloomy Future Facing Trade Unions
Few developments have more cheered progressive activists than the perceived resurgence of labor unions. This has been sparked by largely symbolic efforts to unionize in places such as Starbucks and Amazon read more »
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The West Has Been the Real Loser at COP28
As the COP 28 climate shindig comes to a merciful end, history is truly unfolding, as Marx once remarked, as farce. read more »
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America’s 15-Minute Cities on Wheels: Fairer and More Efficient
The November 9 edition of The Economist magazine featured an article entitled “In praise of America’s car addiction: How vehicle dependence it makes the country fairer and more efficient.” read more »
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The New Green Feudalism
With the 2024 election looming on the horizon, the Democratic Party faces a contradiction. By some important measures, the US economy is booming—third-quarter GDP growth figures were recently adjusted upward to a whopping 5.2 percent—but these numbers aren’t translating into political support for the current administration. read more »
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