Tag archive

establishment

Economics/Politics

The Establishment, The Real Deplorables

To those who say that Trump is going to lose this election: conventional wisdom agrees with you, as do the various betting pools out there. Of course, Brexit reminds us that the anti-establishment, populist vote in this election cycle is probably larger than the polls would indicate. Still, is it likely that lightning will strike the same place twice and give us two Brexits in the same year? Again, conventional wisdom would say no, which is why you have history, most current polls, and common sense on your side when you say that the election is lost. My sense is that… Keep Reading

Economics/Tech

Zuckerberg Embraces The Establishment

There are two obvious branches of the economy.  There is the market economy, entirely benevolent in nature and identified by its voluntary and mutually beneficial transactions, its natural coordination of scarce resources, and its ability to increase prosperity.  And the political economy which is entirely malevolent in nature, and is identified by its reliance on coercion and force, its bureaucratic inefficiencies, and its manipulation of fear, greed, and envy to serve the ends of a select few. Actors in both spheres of the economy are driven by a desire to better their own lives, the lives of their loved ones,… Keep Reading

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