The Widening Divide “For the majority of the human species, and for tens of thousands of years, the idea that humanity includes every human being on the face of the earth does not exist at all. The designation stops at the border of each tribe,...
The Evil of Private Equity “A Delicate Balancing Act” in the May 29th TLR discussed a New York Times editorial entitled “Charity Won’t Solve Student Debt,” which took to task Robert Smith, the founder, chairman and CEO of Vista Equity Partners, who had announced during his...
The Hollowing Out of America There have always been two Americas: the rural, onetime agricultural America; and the urban, once the-center-of-manufacturing America. In 1900, America was a rural country with a rural-to-urban population ratio of 60:40. By 1950, the country had become urbanized with a ratio...
The Essence of a Meritocracy It’s about our children … your kids, Marty. Something’s got to be done about them (paying respects to Back to the Future, Part II). Meritocracy has defined America’s success. It’s been the cornerstone of the American Dream. In order...
A History Lesson An often-heard refrain today among younger Americans is that they don’t have the same opportunities to achieve the American Dream as their parents and grandparents had. Jobs are scarcer. The jobs that are available don’t provide the same level of income...
Diversification versus Diworsification Diversification is a means of wealth preservation that spreads investments among a range of assets and asset classes. It relies on the concept that owning different kinds of financial assets is less risky than owning only one type and requires an investor...
