Tag Archive for: middle class

Gavin Newsom’s Presidential Prospects

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Conservatives often see prospective presidential contender Gavin Newsom as a tool of the far Left—and, as such, politically doomed by the seemingly endless crises afflicting California. Yet the Golden State governor is a more formidable candidate than this portrayal suggests. Rather than being a progressive windup doll, the 54-year-old is in fact a skilled political opportunist, with far less dogmatically left-wing views than most of his party’s legislative delegation. He would have no qualms abandoning unpopular progressive stances to pursue the goal of succeeding a doddering President Joe Biden.

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Rent Forever and Love It

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Housing is an industry, but it is also where people live, raise families, and stake their future. Yet increasingly, all around the world, housing has increasingly become just a commodity to be traded, often by foreigner investors, notably from China, as well as by large well-capitalized financial institutions who plan to cultivate a generation of lifelong renters. In the notorious words of the World Economic Forum, “You will own nothing, and love it.” Well, you may not love it, but the first part is coming true.

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Why Suburbia Will Decide the Future

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Welcome to the future of American politics. The US population is changing in major ways that will likely alter the balance in politics and economics to the advantage of Republican-leaning red states, as well as suburbs and exurbs across the country.

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Free Trade’s Heavy Cost

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Free trade and open markets are great ideals. These principles, over the last few centuries, but especially since World War II, have created tremendous wealth, particularly in the developing world. But free markets were made for human society, not the other way around.

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Green Dreams, Inflationary Realities

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Global policy and politics, particularly in the high-income world, have been obsessed with dreams of a green economy. Imposing ever-more rigid methods to reduce greenhouse gas emissions as the way to “save the planet” is almost unchallenged in the media, academia, and corporate boardrooms of the developed world. The results on the ground have been less convincing, as the price of everything—from energy and food to construction costs—rises to unsustainable levels Read more

The Cost of Biden’s Racialism

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Joe Biden may have once bragged about his cooperative relations with segregationists, but he still arguably owes more to African-American leadership and voters than any politician in recent history. After all, it was black voters who bequeathed him the two critical victories in South Carolina and Georgia that led to his nomination in 2020. Perhaps that’s why he promised in his inaugural address to focus on the “sting of systemic racism” and fight encroaching “white supremacy.”

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How the Boomers Robbed the Young of All Hope

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“Young people do not degenerate; this occurs only after grown men have already become corrupt.” – Montesquieu, The Spirit of Laws, 1748.

The great test of a generation is whether it leaves better prospects for its descendants. Yet by virtually every indication, the baby boomers, and even the Gen Xers, are leaving a heritage of economic carnage – as well as a growing social and cultural dissipation that could shape our future and the fate of democratic self-rule, and not for the better. This legacy comes not from outside forces, but the investment bankers, tech oligarchs and their partners in the clerisy who have weakened their national economies and undermined the chances of upward mobility for most young people.

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Joel Kotkin Talks with Anthony Furey: Payback Against Political Elites

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By: Anthony Furey
On: The Full Comment

Voters around the world are saying they’re angry. They’re unhappy that the promise of upward mobility is over and they’re frustrated that government policies animated by elitist values keep making life harder for the middle and working classes, Joel Kotkin tells Anthony Furey this week. Younger voters around the world are already flocking to more extremist solutions after feeling abandoned by the establishment, explains Kotkin, a noted authority on global economic, political and social trends from California’s Chapman University. It’s all creating a powerful political volcano, he says, and the explosion won’t be pleasant. (Recorded April 28, 2022)

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Joel Kotkin Talks with Jane Wells about Economic Impact of Ending Roe v. Wade

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By: Jane Wells
On: Wells Street

How will the likely ending of Roe v. Wade affect corporate relocation decisions? Companies have been leaving, too. Stanford’s Hoover Institution reports 265 businesses relocated their headquarters outside California from 2018 through the first half of last year, including Oracle, Schwab, and CBRE.

Most of those companies moved to Texas, where abortion is currently banned after about six weeks of pregnancy. Elon Musk moved Tesla’s headquarters to Texas, along with one of his other ventures, The Boring Company. Could SpaceX follow? One can only imagine what Twitter employees in San Francisco are thinking. “I’m not moving to Texas, especially not now.”

“The Roe decision will probably have more impact on highly educated white women than minorities,” says Joel Kotkin. “They [are] more likely to be able to afford living in some of the more expensive blue states.”

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What the New York Times Won’t Admit About California

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Even the New York Times has to admit unpleasant realities, like the departure of people from California and other deep blue states. But one thing the paper, and other similarly-minded reporters based here, will never admit: the connection between the California economy and regulation and the rising out-migrations.

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