Tag: new gilded age

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Jeff Koons is Terrible

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On July 8, 2019
I’m in Mexico City for the month. Because of the problems of Mexico generally, lots of people forget that Mexico City is a genuinely world class city. Among the many things it has going for it is a lot of art museums. I’m down here because my wife is researching and since she has the […]

The False Economy

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On May 21, 2019

Yes, unemployment rates are low. There are jobs for most people who want them. But this has not really budged the national worry over income inequality and the widespread belief that the economy does

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Most every “rule” in economics is half-baked and this whole Vox article about why rising productivity hasn’t led to rising wages is an example of the problem. It notes: This is not the way the economy is supposed to work. Paychecks are supposed to grow faster when productivity rises this fast and unemployment falls this […]
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Goings on in the New Gilded Age

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On February 5, 2019
Good times abound. But I have to say, I appreciate it when revolutionaries get jobs reporting on the life of the rich, radicalizing us all toward revolution. Expensive yachts that double as floating art galleries can lead to unexpected and costly mishaps. Priceless paintings and sculptures kept on the vessels face damage not only from […]
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Above: General Electric president Gerald Swope David Leonhart had a piece in the Times yesterday that repeats a commonly-held notion about the mid-century American economy: that CEO’s were kindlier and gentler, less greedy and accepting of unions. The October 1944 edition of Fortune magazine carried an article by a corporate executive that makes for amazing […]
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