Capitalism Doesn’t Have to Be This Way
In the last century, a group of elite bankers—unlike today’s tech and finance barons—saw that their firm couldn’t thrive unless society did too.
In the last century, a group of elite bankers—unlike today’s tech and finance barons—saw that their firm couldn’t thrive unless society did too.
Figures like gross domestic product were appropriate for their own time. But today, they paint a consistently misleading portrait of America.
As many developing countries face the beginning of a potentially long currency crisis, let's not forget how far they've come—and will still go—toward democracy, freedom, and rising affluence.
On almost any metric—quality of living, lifespan, health, education, income, basic needs such as food, clothing and shelter—life around the world is improving.
Even hundreds of centers of innovation will not spell a revival of the manufacturing workforce equal with what many hope or expect.
A safety net, if we can keep it.
It's time to stop wallowing in pessimism about the world's future.
Congress will pass an utterly mediocre budget that won't save or torpedo the country and which neither party loves or hates. This is as it should be.
It's clear that income inequality is a crisis worth addressing. It's not clear that a higher minimum wage would address it.
Maybe young people refusing to settle aren't lazy or lost; they're leading us toward the ideas economy of the 21st century.