[...] It is not possible to redistribute incomes unless the economic pie is growing. Democracy itself is more fragile when growth halts. [...]
[...] This translates directly into higher labor productivity and--eventually, and if workers acquire the necessary skills, and society develops the necessary tools for managing income distribution--higher wages. Mechanization or robotization is not new and unusual, no matter how clever and impress…
It is widely known now, as it was not before 2008, that the financial markets were characterized not just by irrational exuberance but also by widespread fraud, deception (including self-deception), and market manipulation. Not to mention in the financial and corporate worlds alike a loss of ethica…
To Wallace, a gift truly was an accident; a chance, a fortuitous circumstance. Born intelligent, born with perfect pitch, with mathematical ability, with a talent for tennis--in what sense are we ever the proprietors of these blessings? What rights accrue to us because of them? How could we ever cl…
[...] It's about as far from an autobiographical portrait of Wallace as one can imagine, but it's fueled with a disgust that feels somehow personal. Wallace was constitutionally hard on himself, apparently compelled to confess not only to who he was but to who he dreaded being or becoming. [...] he…
