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[...] it is easy for all the participants in the economy to convince themselves that their participation is what matters, that they are the authentic creators of value, that their effort is what ought to be rewarded most handsomely. And everyone has a point. But while we can rely on economics to do…

[...] In labour organizers' dreams, that cooperation becomes a class consciousness--a solidarity--which would provided a coherence to a labour political agenda. [...]

The rich world could shepherd the global economy towards that ideal outcome by allowing lots more immigration from poorer places. Immigration would enable richer places to 'export' their strong social capital to poorer places (by bringing large shares of the populations of poorer places into countr…

[...] Many of the world's richest cities are choked by inadequate infrastructure. Given rock-bottom interest rates, it seems absurd that places like New York, London and San Francisco aren't receiving extraordinary new investments in that infrastructure [...]

We might not care so much about these inequities if the digital revolution were reducing the costs of all the many things the typical household wants to buy, from steak dinners to adequate housing to a top-flight university education. But cost reductions have so far been highly uneven: massive for …