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The Revolt of the Anxious Class

The great American middle class has become an anxious class – and it’s in revolt. Before I explain how that revolt is playing out, you need to understand the sources of the anxiety. Start with the fact that the middle class is shrinking, according to a new Pew survey....

What to Do About Disloyal Corporations

Just like that, Pfizer has decided it’s no longer American. It plans to link up with Ireland’s Allergan and move its corporate headquarters from New York to Ireland. That way it will pay less tax. Ireland’s tax rate is less than half that of United States. Ian Read,...

The Perils of Circus Politics

The next president of the United States will confront a virulent jihadist threat, mounting effects of climate change, and an economy becoming ever more unequal. We’re going to need an especially wise and able leader. Yet our process for choosing that person is a...

The Rigging of the American Market

Much of the national debate about widening inequality focuses on whether and how much to tax the rich and redistribute their income downward. But this debate ignores the upward redistributions going on every day, from the rest of us to the rich. These redistributions...

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