The Democrats Finally Won the Suburbs. Now Will They Destroy Them?

The Democratic Party’s triumphal romp through suburbia was the big story of the midterms.

In 2016 the suburbs, home to the majority of American voters, voted 50 to 45 for Donald Trump; this year, 52 percent went Democratic. In affluent suburban districts once controlled by the GOP—outside Houston, Dallas, Atlanta, Seattle, Kansas City and Philadelphia, and in Orange County, California—long-held GOP seats flipped and are unlikely to flip back unless Democrats alienate their new constituents by seeking to destroy suburban life.

The suburbs are where most Americans, including roughly four in five residents of our largest metropolitan areas, live. Historically, they have favored Republicans in most elections. But that tie has been weakened for reasons including the growing diversity of these areas and revulsion at Trump, particularly among educated women. Read more

What Will Come After the Era of Trumpism?

If this undisguised reality series played by Hollywood rules, it would have already been canceled. The President Trump show has failed to grow its audience, and the reviews, even from the mildly sympathetic, are consistently bad.

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The Next Housing Crisis

Little over a decade ago, the housing sector almost brought down not only the American but the world economy. Today the reprise of the housing crisis will be playing a very different tune.

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The Gig Economy, Americans and the Future

The rise of automation and artificial intelligence is keeping many Americans up at night, worrying about their jobs, and certainly those of their children. The World Bank predicts that 57 percent of all jobs in developed countries could be automated in the next two decades. Some studies suggest that almost half of all current jobs will be made redundant while others suggest that past technological innovation created enough new jobs to make for those lost.

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To Make the Internet Great Again, Trump Must Smash Facebook and Its Tech Oligarch Friends

Even as many Americans look with horror on the authoritarian blusterer in the White House, we are slowly succumbing to a more pernicious, less obvious and far more lasting tech oligarchy gaining ever more control over our economy, culture and politics.

“We are certainly looking at bringing antitrust cases against Amazon, Facebook and Google,” Trump said in an interview just before the election, adding that he’s had “so many people” warning him about their overwhelming power.

Unreliable narrator though the President may be, people are indeed waking up to the tech giants’ massive and largely unchecked power, and the consequences of turning over our channels of communication to them. Read more

Lurching to a New Weimar

America seems to be heading inexorably toward a Weimar moment, a slide toward political polarization from which it could be increasingly difficult to return. Weimar — that brief, brilliant and tragic German republic of the 1920s — was replaced by Hitler’s murderous regime in 1933.

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Middle East Cities Should Look Forward—and Back

The Middle East may well be the birthplace of cities, and maybe capitalism itself, but for the most part, it continues to lag in developing a modern, workable urbanism. Yes, the region has produced high-tech hubs (e.g., Tel Aviv) and postmodern cities (e.g., Dubai), which can be regarded as rising international business centers, but it’s also home to megacities afflicted by mismanagement, poor planning, and some of the world’s highest unemployment rates. In some countries, like Saudi Arabia, and many of the Gulf States, there is also a chronic shortage of homegrown labor willing to work.

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America Keeps Winning Regardless of Who is President

Ever since the election of Donald Trump, many of our leading academic voices, like Paul Krugman, predicted everything from a stock market crash to a global recession. Slow growth, mainstream economists like Larry Summers, argued, was in the cards no matter who is in charge. That was then. Now the United States stands as by far the most dynamic high-income economy in the world. Read more

Ten years After Lehman Collapsed, We’re Still Screwed

This article first appeared at The Daily Beast.

The collapse of Lehman Brothers 10 years ago today began the financial crisis that crippled and even killed for some the American dream as we had known it. Donald Trump might be starting to change that, at least for Americans who aren’t determined to remain in our bluest and priciest cities. Read more

America is Moving Toward an Oligarchical Socialism

Where do we go after Trump? This question becomes more pertinent as the soap opera administration seeks its own dramatic demise. Yet before they can seize power from the president and his now subservient party, the Democrats need to agree on what will replace Trumpism.

Conventional wisdom implies an endless battle between pragmatic, corporate Clintonites on one side, and Democratic socialists of the Bernie brand. Yet this conflict could resolve itself in a new, innovative approach that could be best described as oligarchal socialism.

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