You pay little attention to the systems of your body — circulatory, digestive, pulmonary — unless something goes wrong. These automatic systems ordinarily go about their business, like unseen clockwork, while you think about a vexing problem at work, drink your morning cup of coffee, walk up and down stairs, and head out to your… Continue reading The Black Death Undermined Feudalism. What Does COVID-19 Mean for Capitalism?
Doesn’t idiocy ever take a vacation? As August wound down, the populist troika of Donald Trump, Boris Johnson, and Jair Bolsonaro proved once again that the United States, the United Kingdom, and Brazil would be better off with no leaders rather than the dubious characters that currently pretend to govern these countries. In all three… Continue reading Burning Down the House
In Pittsburgh, where I worked for two months in 1986, I breathed clean air. The steel mills along the rivers leading into town were mottled with rust. The Steelers still played in Three Rivers Stadium in those days, but it was the glass towers of PPG Plaza — originally the headquarters of Pittsburgh Plate Glass… Continue reading Trump: Invasive Species
The economy, we have been taught, is a cat with considerably more than nine lives. The bottom might drop out of the stock market, but it will rebound — again and again. The Chinese were on top of the world, economically, for a thousand years or more, but then the colonial powers cut the country… Continue reading YOLO Economics