A new book by French economist Thomas Piketty on “Capital in the Twenty-First Century” has recently caused a major stir on the opinion pages of newspapers and magazines. Piketty has resurrected from the ash heap of history Karl Marx’s claim that capitalism inescapably leads to a worsening unequal distribution of wealth with dangerous consequences for human society.
The recently released 10th edition of Demographia World Urban Areas provides estimated population, land area and population density for the 922 identified urban areas with more than 500,000 population. With a total population of 1.92 billion residents, these cities comprise approximately 51 percent of the world urban population. The world’s largest cities are increasingly concentrated in Asia, where 56 percent are located.
Instead of deregulation to reduce unnecessary, stifling regulatory burdens and barriers, as both Carter and Reagan did to such fully documented success, Obama regulates mercilessly as if regulation is cost free to the economy, as the most interventionist President in American history.
Minimum wage has become a contentious political issue, even though it has nothing to do with a living wage. Workers are paid for the worth of the job they are paid to do. Nevertheless, Democrats plan to tap into what they perceive as income inequality by using minimum wage as a plank in their populist economic platform heading into the November elections.
Fossil fuel use is the lifeblood of developed industrial nations. It has eliminated hunger, poverty, lack of shelter, drudgery, and provided healthier, more comfortable, and longer lifespans. The United States is blessed by having over one hundred years or more supply of inexpensive or moderate cost deposits of each of the fossil fuels–coal, oil, and natural gas. Secretary Kerry, along with President Obama and his supporters, want to eliminate use of the nation’s abundant, reliable, and economical fossil fuels and replace them with renewable energy sources–wind and solar–whose present state of technology make them expensive, unreliable, and impractical to scale up to the size of present fossil fuel capabilities. These policies will substantially lower the standard of living for Americans and condemn developing nations to perpetual poverty.
The release of a supplemental poverty measure by the Census Bureau is being touted as the government is not doing enough to ameliorate poverty in the country… But the real problem is that the government is already doing too much.
This year’s bill was misnamed as a “farm bill.” It was really a food stamp bill, with 80% of its spending going for the food stamp program (officially renamed now SNAP, or Supplementary Nutrition Assistance Program).
The term “welfare state” does not begin to encompass the totality of America’s commitment of resources to aid the poor. It is more like a vast empire bigger than the entire budgets of almost every other country in the world.
As President Obama runs about trying to engage states in his Medicare-like preschool proposal, it’s time for Republicans to start thinking as much about small children as they are about illegal immigrants.
In February, 2009, I wrote for the Wall Street Journal an article entitled Reaganomics versus Obamanomics. The article explained that the emerging Obamanomics was pursuing exactly the opposite of every policy of the[...]
John Boehner is a good man in a hard place. He has served in public office as a lifelong conservative, not a RINO. His position on the Obama tax increases[...]