From Joel Kotkin at newgeography.com AMERICA’S NEW OLIGARCHS—FWD.US AND SILICON VALLEY’S SHADY 1 PERCENTERS excerpts: Perversely, the small number of jobs—mostly clustered in Silicon Valley—created by tech companies has helped its moguls avoid public scrutiny. Google employs 50,000, Facebook 4,600, and
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from 15 Statistics That Destroy Liberal Narratives by John Hawkins in Townhall: It’s also not true, as widely asserted, that the wealthiest Americans (the notorious top 1 percent) have captured all the gains in productivity and living standards of recent decades. The
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Don Boudreaux reviews Edmund Phelps’s “Mass Flourishing” at Cafe Hayek Excerpts: Piketty tells of a one-dimensional, dreary, and mechanical world in which wealth grows independently of human volition and where each person is fixated on the amount of money in
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From the Wall Street Journal, The President of Inequality- Policies promoting equality over growth have damaged both. excerpts: All of this is especially notable because it follows the most sustained policy focus on reducing inequality in decades. President Obama’s stimulus
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