Category Archives: United States

The Economics of Dependency

This article first appeared at Foreign Affairs. How countries hit the demographic sweet spot. Demographics are among the most important influences on a country’s overall economic performance, but compared with other contributors, such as the quality of governance or institutions, their … Continue reading

Posted in Africa, BRIC countries, China, Corruption, Demographic Dividend, Demography, Dependency Ratio, Economy, Education, Europe, Foreign Affairs, India, Infrastructure, Innovation, Society, Sub-Saharan, United States, US Economy | Leave a comment

Trump Country: Where the Immigrants Aren’t

Trump did best in the states with the lowest percentages of foreign-born residents. “I love the poorly-educated”, gushed Donald Trump after winning the Nevada primary in February. But in the end, what happened in the primary, stayed in the primary. Come … Continue reading

Posted in 2016 Candidates, California, Demography, Economy, Florida, Immigration, Politics, Society, Terrorism, Texas, United States | Leave a comment

To Save or Ruin Twitter

A decision that could fix Twitter or hasten its demise. This is not the first article to suggest that Twitter can generate some revenues by charging its users, but perhaps we can offer some new angles to the discussion. To begin, … Continue reading

Posted in 2016 Candidates, Business Strategy, Economy, Innovation, Investment, Stock Market, Twitter, United States, US Economy, Wall Street | Leave a comment

Passive Funds Are Just Free-Riding Active Funds

If you and your neighbor have the same income and expenses except that he rides the bus for free every day while you pay a fare, he will be richer than you. Until recently, this was obvious: the neighbor is … Continue reading

Posted in Economy, Innovation, Investment, Society, Stock Market, United States, US Economy, Wall Street | Leave a comment

The Futility of Annual Top 10 Predictions

In every recent year, a black swan event has made top 10 lists appear quaintly naive and unimaginative. Our list is probably no better. This time of year, top 10 predictions are all the rage. These lists can be interesting and entertaining but how useful are … Continue reading

Posted in China, Economy, Emerging Markets, India, Iran, Oil, Russia, Saudi Arabia, Society, Terrorism, United States | Leave a comment

The Mainstream Media Will Rise Again

The news media was flattened on November 8th but its recovery has already started. One of the striking features in all the commentary on Facebook about Donald Trump’s victory is the number of times that the words I, me and my appeared in member posts. For example, … Continue reading

Posted in 2016 Candidates, Economy, Media, Politics, Society, United States, US Congress, US Economy | Leave a comment

Should Children Vote?

The rising cost of entitlements will test inter-generational harmony. In the week following the Brexit vote, a recurrent complaint from the losing side was that a majority of older people voted to leave while a majority of younger people voted to remain. … Continue reading

Posted in 2016 Candidates, Demography, Economy, Medicare, Pension Funds, Social Security, Society, United States, US Federal Budget | Leave a comment

Job Creation Under the Next President

(The Wall Street Journal published on November 2nd a synopsis of this post. It was also featured on January 20th in the French weekly L’Express.) Retraining the employed and the unemployed for higher value-added skills is now more important than simply adding to the number … Continue reading

Posted in 2016 Candidates, Demography, Economy, Immigration, Unemployment, United States, US Economy | Leave a comment

The US Census Digs Deeper

Where were your ancestors from? Over 45 million Americans identify their dominant ancestry as German and 22,000 identify theirs as Marshallese, from the Marshall Islands in the Pacific. But in the US Census proposed new form for 2020, both of these … Continue reading

Posted in Demography, Economy, France, Race, United States, US Census | 1 Comment

The Bridge from Laissez-Faire to Socialism

Cronyism remains unchecked in the world’s largest economy. We might object to the phrase crony capitalism for two reasons: First, because cronyism is in some ways the antithesis of capitalism. The freedom to compete and the freedom to fail that are central tenets of capitalism … Continue reading

Posted in 2016 Candidates, BRIC countries, Communism, Corruption, Cronyism, Economy, Emerging Markets, Society, United States, Wall Street | Leave a comment