The Democrats’ Davos ideology won’t win back the midwest

The tragedy of the 2016 election is connected closely, at least for me, to the larger tragedy of the industrial midwest. It was in the ruined industrial city of Cleveland that the Republican Party came together in convention last July, and it was the deindustrialized, addiction-harrowed precincts of Ohio, Pennsylvania, Michigan, and Wisconsin that switched […]

Navigating the New Abnormal

The Populist Backlash SS: You’ve written that Brexit and Trump are the same phenomenon. Do you think the populist wave that lifted both will spread further? JS: I think societies everywhere are very divided. Whether it’s 51-49 or 49-51, we are not seeing landslide wins for populism, but rather a reflection of deep social divisions. […]

The Return of Vulture Capitalism

In 1913 the great American lawyer Louis Brandeis railed against “The Curse of Bigness” in Harper’s Weekly, documenting the troubling concentration of economic power among the new tycoons and trusts of the industrial age, from railroads to steel to oil. By establishing monopolies, he argued, these private actors could dictate prices and shape the terms […]