The fiction at the heart of America’s political divide

As the political scholars (and brothers) Hyrum and Verlan Lewis write, “ideologies do not define tribes, tribes define ideologies.” To the Lewises and likeminded social scientists, “progressivism” and “conservatism” don’t name enduring philosophies of government, so much as ever-shifting rationalizations for the interests of rival alliances.

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But in the Lewises’ view, the belief that all of the left and right’s disputes reflect one essential moral … [ Read more ]

The corporation in the 21st century

The value flows from corporations to households through eight different pathways. If you take a dollar of revenue that the average corporation generates, 25 cents of that flows through as labor income: wages, salaries, and other benefits to employees. Seven cents of that dollar goes to capital income, meaning dividends, share buybacks, and interest payments to debtholders. Six cents goes to investment—earnings that are retained … [ Read more ]

Restoring faith in humanity?

In his new book, historian Rutger Bregman argues that people are actually fundamentally good.

The Confidence Game: What Con Artists Reveal About the Psychology of Trust and Why Even the Most Rational of Us Are Susceptible to Deception

It’s the oldest story ever told. The story of belief — of the basic, irresistible, universal human need to believe in something that gives life meaning, something that reaffirms our view of ourselves, the world, and our place in it… For our minds are built for stories. We crave them, and, when there aren’t ready ones available, we create them. Stories about our origins. Our … [ Read more ]