The economic reforms of the 1990s occurred because India was broke, not because its political class suddenly embraced free enterprise. Because nonpoor Indians have almost no ability to affect electoral outcomes, they have largely “seceded” from the public sphere… Many of those who can have left...
A couple of important points. First, unleashing the energy sector to drive down overall costs to consumers, and industry outputs was a key part of President Trump’s America First MAGAnomic initiative. Lower energy prices help the worker economy, middle class and average American more than any ...
The less obvious but more damaging result is that investors such as pensions are subsidizing investments that are directly detrimental to jobs, to the middle class and to the long-term health of the economy. Specifically, they are subsidizing financial engineering, M&A and unproductive technology ...
Thirdly, the Democrats racialist & feminist cards aren’t working either. These are key planks to their identity politics campaign, which is meant to divide the working class along artificial lines while ignoring class inequality. MAGA Trumpists are fascists, filled with white supremacists & actual...
Book Your Class Here Featured In: "Students who aren't weak would also seek out our servicesas they have very high aspirations, such as entering top universities, securing admissions into highly competitive programmes like Medicine and Law, or obtaining scholarships." ...
然而,这样整天无所事事的富人或者说有闲阶级(leisure class)毕竟只是社会的极少数,几乎在整个人类历史,工作都是人类生存的基本条件。 直到19世纪,今天西方富国的大部分国民在当时每周都还要工作70到80小时,有的甚至超过100小时。我们知道,他们周日早上通常还要去教堂做礼拜,算下来除了星期天,他们每天至少工作11个小时,...
the usual story I tell my students about the Black Death that killed off 20-35% of western Europe but left the capital alone is that it raised wages for the poorest and created a large middle class, setting the stage for the Renaissance. Alfani shows Gini coefficients [measures of inequalit...
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Maybe. I do know that the rich, the middle class, and the poor are being kept from being vaccinated. Which I am told is to ensure that everyone gets vaccinated. I just could not get him to question his idea that, well, the government has to step in to ensure the right outcome. At...
Home ownership is and always has been, the clearest path to the middle class. How did we get here? You don’t have to look any farther back than the Great Recession to find the bulk of your answers. We essentially stopped building new housing from 2008-2013. As a result, we are way...