Why Infrastructure Spending Won’t Work: A Progressive Perspective.
For mainstream Keynesian Democrats who have not yet become troubled about resource depletion and its rather intimate relationship with the economy, infrastructure spending makes obvious sense. It represents investment in the economy of the future and in this sense will be “self-liquidating” or dividend-paying. But that this belief is not the main motivating factor for infrastructure spending is in itself…Continue
Invisible Fortunes: Brief Thoughts on Wealth in America
Last week my wife and I saw an unremarkable movie, “Crazy Stupid Love.” It was good for a few laughs and a highly suspect message on the essential nature of true love, but not much beyond that, unless you were willing to look at the movie in terms of the American ideology of affluence and wealth, of which it provided a very good example while, at the same time, inviting some insights about the way ideology in general…Continue