We usually associate rebellions with the rise of the desperate. But increasingly we are seeing large protests in comparatively wealthy countries that are led not by working class sans-culottes or starving peasants, but what was once the stable middle class.
Australia continues to benefit from China’s rise, though few countries are more threatened by its expanding power. Once closely tied to the British Commonwealth, and later to the United States, the Australian subcontinent, with only 24 million people, now relies on China for one-third of its trade—more than with Japan and the U.S. combined. Australia’s major economic sectors rely on Chinese support; investors poured in $17.4 billion in 2017.
The Left’s fixation on climate change is cloaked in scientism, deploying computer models to create the illusion of certainty. Ever more convinced of their role as planetary saviors, radical greens are increasingly intolerant of dissent or any questioning of their policy agenda. They embrace a sort of “soft Stalinism,” driven by a determination to remake society, whether people want it or not—and their draconian views are penetrating the mainstream. “Democracy,” a writer for Foreign Policy suggests, constitutes “the planet’s biggest enemy.” Read more
Big tech grows up, get treated with overdue suspicion, and aims to get boring.
After nearly two triumphant decades marked by an unprecedented accumulation of both wealth and power, our tech oligarchy seems to be running out of luck. Newly issued IPOs—Uber, Lyft and Slack—are losing values at breathtaking rates, while others in the on-desk circle, such as the once widely anticipated We, are headed back to the bench. Read more
The next great political civil wars won’t be over race, the nation-state, religion or even class. They will be generational, pitching the Boomers, who still dominate the global economy, against their offspring, the Millennials, who assuredly do not. Read more
California may have gotten its global allure from the Gold Rush and the movies, but it’s planes, missiles and now drones and spaceships that have underpinned the state’s industrial emergence.
Today, after decades of rapid decline, California’s aerospace employment is growing again, albeit slowly, providing a new chance for the state’s productive economy.
To understand how American democracy has worked, and why its future may be limited, it’s critical to look at the issue of property. From early on, the country’s republican institutions have rested on the notion of dispersed ownership of land — a striking departure from the realities of feudal Europe, east Asia or the Middle East. Read more
Despite the media’s obsession on gender, race and sexual orientation, the real and determining divide in America and other advanced countries lies in the growing conflict between the ascendant upper class and the vast, and increasingly embattled, middle and working classes.
The reinforced specter of imminent destruction increasingly drives the demand for ever more extreme policy choices.
Whether it’s fires in California or Brazil, hurricanes like Dorian or your summer hot spell, it’s not just weather anymore but a sign of the impending apocalypse.
For the past 125 years, Labor Day has been a time to celebrate the relevance, and political power, of the American working class. As recently as the 1990s, organized labor’s big day was an important milestone on the political calendar, particularly for Democrats.
But in recent decades, America’s working class has had precious little celebrate. In contrast to the conditions that prevailed in the aftermath of the Second World War, when the incomes of lower quintiles surged by roughly 40%, five times faster than the top echelon during the past four decades, those in the bottom 80% have enjoyed no consistent gains. Meanwhile union membership — the key to working class political power — has plunged from 28% in 1954 to 11% today. Read more