In his farewell address, mere days before leaving the White House, Joe Biden made a dramatic intervention. Warning about how an oligarchy of “extreme wealth, power and influence” risked the basic rights of every citizen, he even suggested it could threaten American democracy itself. read more »
Economics
Growing with Energy
Energy is vitally important for economic growth, particularly those forms of energy that can be used for planned power delivery. It is evident for example that Germany is currently suffering from the past decisions to shut down rather than upgrade nuclear energy. read more »
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Midwest Metro Musings #1
I’ve said for years that the issues that plague Midwestern cities, and the successful strategies they’ve employed, have gone unnoticed as the cities of the east and west coasts have pulled away economically and culturally. read more »
Eastern Europe's Thriving Talent Market
Modern economies are increasingly driven by talent supply, and talent is often associated with the level of formal education degrees. Yet, across the Atlantic there are large differences in the unemployment rates of highly educated people. read more »
Taxes and Government Spending Are Crowding Out Growth in Europe
A long-term trend which is continuing, is that the US is running ahead of Europe in terms of prosperity. In 2024, the US economy grew by 2.8 percent read more »
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The Battle of the Oligarchs
Money and power have rarely been strangers; often nations are made to shudder when the ruling elites battle each other. read more »
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The Democrats Need to Get Over Their Delusions
Since the election conservatives have assumed that the results represent a “mandate” for their political agenda, as well as a confirmation of their version of national identity. read more »
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Christianity Around the World; Gift Card Industry and More
This week, the new Syrian authorities declared Christmas a public holiday. This brought some reassurance to local communities that worried about the new regime read more »
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California Ruled with Great Jobs and Boom Times. What Happened?
Gov. Gavin Newsom’s constant reminders that California’s economy ”leads the nation” as well as being a model for social justice are delusional. read more »
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Elon Musk and the Rise of the Alt-Oligarchy
The US is increasingly a country ruled by oligarchs who pour cascading levels of funds into the competing parties. In 2024, election spending was two-to-three times what it was two decades ago in real terms. read more »