Does California need a recession for its leadership to diversify the state away from dependence on big tech, and reduce the state’s economic exposure to stock market declines?
What COVID hath wrought is accelerated economic, demographic, and geographic trends which were already existent, but mostly unacknowledged. Particularly, it sharpened the conflict between many Americans and the ruling “expert” class — who flourished during the pandemic, unlike most Americans.
by Joel Kotkin and Marshall Toplansky — California economy may seem healthy, but its dependence on tax revenue from big tech and a small group of high earners, makes the state highly vulnerable in the event of a recession.
We’re telling the wrong story about race in America: immigrants and minorities are not “replacing” anyone; they are helping build new communities.
Making America’s cities great again without a mass return to the office is much more likely with an approach of reducing crime, and improving basic city services.
By virtually every indication, the baby boomers have robbed the young by leaving a heritage of economic carnage that shapes the future for the worse and even threaten democratic self-rule.
It is commonplace, even among Republicans, to label the Republicans ‘the stupid party’, while lambasting the Democrats as ‘the evil party’. Today, both parties are working overtime to live up to their reputations, to the detriment of all Americans.
The biggest threat to democracy is America’s largest tech companies, routinely exporting jobs, money and technology to our most significant global adversary.
Do we need a capitalist civil war? Capitalists are already divided into what he (Piketty) calls “the Brahmin Left” and the “merchant Right”. The recent hysteria of among progressives over Elon Musk’s takeover of Twitter could signal the start of a more heated conflict, pitting market-oriented business interests against the gentry progressivism of so many of the largest firms.
What the New York Times won’t admit about California: the connection between the California economy, the state’s level of regulation and the rising out-migrations.