What's intelligence? What's insight? I'd say a close enough definition is the ability to see a real world truth before there's measurement. This was how Einstein figured out special relativity; observing a bell tower from a tram. Some refer to this process as intuition. Others as real intelligence, vis-a-vis the artificial version.

Which brings me to a David Leonhardt from the last week. One of the bones I've had to pick with the Right, who know they're lying, is their assertion that small business was, is, and will be the savior of American economy. Orange Julius Caesar went on a tirade at a small business conference yesterday. All one need do, over the last three or four decades is see what has happened in one's town, city, or state. The Big get Bigger and the Small get crushed. As Leonhardt says, mainstream punditry, and analytics as well it seems, hasn't been measuring. So he set out to do so. Good on him. I already knew it, of course. But it's heartwarming to see my insight validated.

Today, companies with at least 10,000 workers employ more people than companies with fewer than 50 workers.

There's a, as the Brits put it, knock-on effect of behemothing (that's now a word) of American business. In times past, economists and other analysts have made the point that the blue collar middle class emerged due to the confluence (or symbiosis) of big business and big unions. Auto workers made a middle class living because The Big 3 had oligopoly power, and the unions had the legal clout to force a sharing of that power in a form of enforced profit-sharing. The workers got a share of the vig. So, between the Right Wing destruction of unions and off-shoring of jobs (no, China didn't steal them, American corps. sent them), the blue collar middle class no longer exists. And those knuckleheads are convinced that a big city con man will make it all better? Here's the first paper that came up in a simple search.

You really want to MAGA? Bring back strong unions. With more market power held by large corporations, there's more 'rents' to share with workers. "Vote for George O'Brian. Get poor Charlie off the MTA!"

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Comment by koshersalaami on June 20, 2018 at 9:41am

I especially like your observation about American jobs that China didn’t steal them, American corporations sent them. That by itself is worth a post. It’s a great insight.

Even if small business is the engine, the Trump administration is doing the exact wrong thing in helping small business. The biggest problem faced by small business is not that they’re overregulated, it’s that, for many of them, two out of five American consumers are essentially AWOL because of the polarization of wealth, which Trump has accelerated. If you want a healthy business climate, a lot of consumers need disposable income, which we can’t achieve by lowering taxes on the portion of the population least likely to spend money, thereby stimulating the economy and creating jobs. That approach would only work if there were a shortage of capital and, as you probably know in more detail than anyone here, that isn’t exactly our problem.

Comment by Robert Young on June 20, 2018 at 9:57am

We thank you for your support.

Comment by Robert Young on June 20, 2018 at 12:59pm

Trump is the voice of "It's a Zero Sum Game".  so for the low information white folk to get rich, somebody else has to get (more) poor.  not complicated.

Comment by Ron Powell on June 21, 2018 at 6:26am

Zero-sum Capitalism and Egalitarian Democracy are not compatible.

Comment by koshersalaami on June 21, 2018 at 7:00am

Zero-sum capitalism is a myth unless you form a monopoly. Economies are not zero-sum. Where the wealthy screw up is in forgetting that if you take a thinner slice of a larger pie you can conceivably eat better. 

Comment by Ron Powell on June 21, 2018 at 7:33am

@Kosh; "Zero-sum capitalism is a myth unless you form a monopoly. "

Tell that to the Walton family and the Koch brothers...

Some of the earliest attempts at regulating mega corporations involved making monopolies and monopolistic practices illegal...

The multinational super corporations have been and are constantly engaged in avoiding and evading legislation that purports to limit or curtail the monopolistic impulse....


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