Fake news in America’s public square is a failure of its information marketplace. Remediation should occur through enhanced marketplace competition, not government censorship. I have argued that the quality of democracy is lower in America than in much of Europe. It lacks co-determination, for instance, which is why US wages stagnate even as inflation-adjusted wages […]
Codetermination Enters The American Political Debate
Three senators have introduced unprecedented legislation mandating that employee representatives must comprise one-third of Boards of Directors at publicly-listed US corporations. Upgraded corporate governance with codetermination is an unfamiliar concept to most Americans. Its appearance acknowledges the weakness of conventional tools to end wage stagnation. And it reflects frustration by Democratic senators Tammy Baldwin, Elizabeth […]
Social Media Platforms Should Tell The Truth
The high quality democracies of northern Europe are an unnatural construct, history teaching us that the universal default setting of human society is authoritarianism. There are many key elements in crafting and sustaining such high quality democracies, including engendering a common body of trusted information, a communitarian spirit, the rule of law and the like. […]
American Democracy Sold To The Highest Bidder
Aristotle measured the quality of democracy by the extent to which politics constrains the economically powerful, allowing the preferences of the landless to be reflected in public policy. According to a new analysis, American democracy gets a failing grade on Aristotle’s test while the countries of northern Europe are star pupils. Path-breaking recent research has […]
Trump: Reaganomics Redux
It’s wages, stupid! Analysts are pondering why millions of the same voters who favored President Obama in 2008 and (less enthusiastically) in 2012 pivoted to favor his antithesis, Donald Trump, in 2016. Economic frustration centered on stagnant wages is mostly the answer, reflected in a generalized desire for “change” expressed by 39 percent of voters […]
Theresa May Has Created An Opening For Clinton to Discuss Codetermination
Three of the most powerful democracies may soon be led by women, with former Secretary of State Hillary Clinton perhaps joining German Chancellor Angela Merkel and British Prime Minister Theresa May. May is casting herself in the mold of Merkel on economic issues and therein lies a powerful lesson for candidate Clinton. May confronts an […]
Why US Democrats Must Derail Republican Party Nationalist Populism With Economic Populism
The Republican presidential aspirant nominated at this summer’s convention is likely to become that party’s nominee in part by invoking jingoist and xenophobic themes drawn from the playbooks of eastern European authoritarians. Miloš Zeman, the Czech President asserts, for example, “I do not want Islam in the Czech Republic.” And Hungarian premier Viktor Orbán has […]
Labor Day: Good Time To Readdress Pay And Collective Bargaining
President Obama has belatedly awakened to the plight of America’s middle class whose economic fate is dependent almost entirely on wages. Taking a lead from his predecessors since Ronald Reagan, Obama proved indifferent during much of his first term to the deterioration in the collective bargaining position of employees at US workplaces – the key […]
Why We Need A Cultural Revolution In American Capitalism
Corporations are at the center of market fundamentalist capitalism practiced in the UK and US. Yet, in contrast to northern Europe, they are only weakly embedded in their communities, insufficiently attuned to the aspirations and needs of the wider stakeholder community. Rather than government diktats, the solution is cultural changes whereby inspired societal norms produce […]
Why President Obama Needs To Reframe The Wage Debate
Stagnant wages have robbed the American middle class of opportunity. Wage compression is why fewer Americans now believe they are middle class; remarkably, the share of Americans who self-identify as below-middle class has risen 60 percent since 2008 to near equivalence in size with those identifying as middle class. Horatio Alger has emigrated to Australia […]
The Best News US Democrats Will Hear All Summer
Evidence Confirms That Open Primaries Dilute Republican Extremism Since 2010, conservative Republicans have gridlocked the US government, creating the most toxic political environment since the antebellum era. Critical to that tactic has been pay-to-play, enabling staunchly conservative donors to empower party activists, especially tea partiers holding views outside the mainstream. These activists fight well above […]
President Obama Is Emulating Buchanan Instead Of Lincoln
Obama is Leaving Economic Inequality for his Successors to Fix President Obama is emulating former President James Buchanan. His economic agenda is to kick the can down the road, leaving his successors an America of widening economic inequality without prospect of remediation. The Obama Presidency is facing the most toxic, polarized environment since the antebellum […]
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