Whose New Gilded Age?

The New York Times recently ran a lead Sunday Magazine article on the “The New Gilded Age.” The article tastefully failed to note that most of the monied people discussed were Democrats. It’s further evidence, I’d say, that liberal Democrats are having a hard time owning up to the nature of their party. In his new book The Squandering of America (reviewed in the November issue of COMMENTARY), liberal economist Robert Kuttner describes his dismay at discovering that the liberal wing of the Democratic Party has gone upscale. “I have attended Democratic fund-raising events in the Park Avenue homes of investment bankers,” he writes, “where there was plenty of enthusiasm for human rights, morning-after pills, and climate change, but nary a word about financial regulation or social investment.” Kuttner’s ideological soulmate, New York Times columnist Paul Krugman, lodges a similar complaint about the Democrats’ refusal to close “the hedge fund tax loophole—which allows executives at private equity firms and hedge funds to pay a tax rate of only 15 percent on most of their income.” The Democrats, he concludes are “wobbled by wealth.”

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Whose New Gilded Age?

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Crazy Rich Charlatans

The Elon Musk problem.

No one has ever mistaken me for a business writer. Show me a balance sheet or quarterly report, and my eyes will glaze over. Bring up “chasing alpha” at the bar, and I’ll ask for the check and give you the old Irish goodbye. Business chatter—the kind you can’t help but overhear from young stockjobbers at the gym and bloaty middle managers on the Acela—bores me to tears. I’m especially allergic to the idea of “The Market” as an autonomous, anthropomorphic entity with a unitary will and mind of its own.

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The Last Days of Syria and the Non-Interventionist Catastrophe

The course the West followed has been a disaster.

The West has squandered the last, best opportunity to rid the world of the criminal regime in Syria.

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The Allure of the Strongman

And the demands of realpolitik.

Earlier this week, my housekeeper, Mary, arrived to work decked out in a bright red T-shirt emblazoned with a photo of Philippine President Rodrigo Duterte, who came to Israel last Sunday for a three-day official visit.

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The Economy Roars, but Will Voters Notice?

The paradox of success.

The monthly jobs report from the Bureau of Labor Statistics released Friday morning shows that the economy continues to flourish. 201,000 new jobs were added last month, while the unemployment rate stayed steady at a very low 3.9 percent.

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American Politics Is a Joke

We deserve better.

You could be forgiven for thinking that everyone active in American politics has lost their minds.

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