Middle Class

Our institutions created centibillionaires and are now trying to contain them.

In Ayn Rand’s novel Atlas Shrugged, a group of high-achieving industrialists have had enough with being exploited (in their view) by “parasitic” collectivists and “second-handers”. They withdraw to a perfect community Galt’s Gulch aka Atlantis where they can live in peace and prosperity with each other, far away from the do-nothing (in their view) populace and according to their own laws and beliefs.  read more »

From the ancient world to modern times, the class of small property owners have constituted the sine qua non of democratic self-government. But today this class is under attack by what Aristotle described as an oligarchia, an unelected power elite that controls the political economy for its own purposes.  read more »

Clobbered from all sides by the pandemic, climate change and disruptions in virtually every industry by the rise of artificial intelligence, the capitalist dream is dying — and a new, mutant form of socialism is growing in its place.  read more »

The Covid-19 pandemic brought tragedy and disruption to America. But it has also provided another stark warning concern­ing the country’s disastrous overreliance on overseas production. It has demon­strated that without a strong, self-reliant industrial base, this country’s ability to forge a healthy, prosperous future—and even its ability to defend itself against foreign enemies—will be severely compromised.  read more »

Washington pundits generally see the supply-chain hiccups and partially related price inflation as political risks for the Biden White House. Probably that’s so but there’s also opportunity for a left-ward administration.  read more »

Sacramento politicians and the urban growth lobby they so diligently serve have created a narrative that there is something very wrong with living in (or wanting to live in) a single-family neighborhood. Single-family neighborhoods are -- so the narrative goes -- “racist,” “immoral,” and “evil.”  read more »

Like its global predecessors, the COP26 Glasgow conference will usher in a new wave of apocalyptic warnings about climate change. It will also likely prove no more successful, in terms of actually addressing the issue, than its predecessors, particularly as China, India and other developing countries ramp up their emissions.  read more »

Joe Biden may present himself as a ‘working-class hero’, a claim reiterated recently in the leftist American Prospect, but increasingly America’s workers are showing signs not of common cause but disquiet.  read more »

Out on the dusty prairie west of Houston, the construction crews have been busy. Gone are the rice fields, cattle ranches and pine forests that once dominated this part of the South. In their place sit new homes and communities. But they are not an eyesore; the homes are affordable and close to attractive town centres, large parks and lakes. These are communities rooted in the individual, the family and a belief in self-governance.  read more »

Survival of the City: Living and Thriving in an Age of Isolation, by Harvard University economists Edward Glaeser and David Cutler characterizes the pandemic as a serious “existential threat to the urban world, because the human proximity that enables contagion is the defining characteristic of the city”  read more »