There Is Nothing for You Here
The financial crisis of 2008, and the Great Recession that followed, had a similar effect on the home front. The guilty parties were elites—bankers, traders, regulators, and policymakers. Alan Greenspan, the Federal Reserve chairman and an Ayn Rand fan, admitted that the crisis undermined his faith in the narrative of Free America. But those who di
... See moreGeorge Packer • Last Best Hope: America in Crisis and Renewal
Another change has been the abject failure of leaders to govern as if outcomes matter. Leaders who can’t identify objectives, exercise authority, and get results—who are forever redefining what they are there to do—invite contempt for their office. Institutions struggling to fulfill their core function are taking on vast new tasks at which they hav
... See moreNeil Howe • The Fourth Turning Is Here: What the Seasons of History Tell Us about How and When This Crisis Will End
But opponents of state intervention didn’t lay down their arms. Fueled by ideological fervor, the fear of communism, and in-depth works by prominent economists, the ideological warfare against state intervention began again right after World War II in the form of neoliberalism[381]. It gained steam because of major societal changes. The rising aspi
... See moreNicolas Colin • Hedge: A Greater Safety Net for the Entrepreneurial Age
Yet the weakness of the moderates’ influence, this time on the Democratic side, was quickly revealed. Over the next few months, the news was monopolized by partisans on the left, who tried to redefine their party as champions of expanded and progressive government—with new entitlements for families, a “green new deal” for the world, a debt jubilee
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