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But Marshall demonstrated that capitalism advances not by immiserating the poor, but by boosting productivity. Factory owners make relentless small improvements that allow them to produce both higher wages and lower prices, thereby spreading the gains of material progress throughout society.

Schumpeter further expanded the idea of productivity increases. The economy doesn't simply get bigger and bigger. It goes through a constant process of discombobulation as entrepreneurs invent new products and processes.

Marx got it upside down: capitalism's recurrent crises actually make it stronger.

When I graduated from college there was a finite number of career ladders in front of me: teacher, lawyer, doctor, business. Now college graduates enter a world with four million footstools. There are many more places to perch (a start-up, an NGO, a coffee shop, a consultancy) but few of the footstools pay a sustaining wage, seem connected with the others or lead to a clear ladder of rungs to climb upward.

People in their 20s seem to be compelled to bounce around more, popping up here and there, quantumlike, with different jobs, living arrangements and partners while hoping that all these diverse experiences magically add up to something.

Naturally enough, their descriptions of their lives are rife with uncertainty and anxiety

All the while social media makes the comparison game more intrusive than ever, and nearly everybody feels as if he or she is falling behind.

And how do we as a society prepare young people for this uncertain phase? We pump them full of vapid but haunting praise about how talented they are and how their future is limitless

we preach a gospel of autonomy that says all the answers to the deeper questions in life are found by getting in touch with your “true self,” whatever the heck that is.

Now I think that laissez-faire attitude trivializes the experiences of young adulthood and condescends to the people going through them.

telling people “30 is the new 20” is completely counterproductive.

colleges have to do much more to put certain questions on the table, to help students grapple with the coming decade of uncertainty: What does it mean to be an adult today? What are seven or 10 ways people have found purpose in life? How big should I dream or how realistic should I be? What are the criteria we should think about before shacking up? What is the cure for sadness? What do I want and what is truly worth wanting?

Before, there were social structures that could guide young adults as they gradually figured out the big questions of life. Now, those structures are gone. Young people are confronted by the existential questions right away. They’re going to feel lost if they have no sense of what they’re pointing toward, if they have no vision of the holy grails on the distant shore.

some paid as little as half as much as the M.T.A. employees who did the same work before the pandemic began, and many without access to health insurance.

a labor force that has been desperate for work at a time when hundreds of thousands have lost jobs in cleaning, construction and restaurants.

she had worked for nearly three months without a place to eat lunch or access to the station bathroom.

Contractors are required to supply proper personal protective equipment, or P.P.E., and cleaning materials to their employees, officials said.

were alarmed by workers’ accounts.

Their accounts paint a picture of dismal working conditions, and highlight their unequal treatment compared with transit cleaners, who are paid up to $30 an hour and enjoy health insurance and other benefits, uniforms and MetroCards to swipe themselves into the system.

A worker named Juan described chasing down purse-snatchers and running to help co-workers threatened by homeless people who had commandeered their brooms and mops.

“Many people were getting paid minimum wage or just a dollar or two more,” Mr. Tecaxco said. “The conditions were terrible.”

When inspectors came, she said, no one said a word. “Truthfully, we were all afraid.”

Ms. Muñoz said she was fired in November without explanation. As the sole provider for her four children and parents in Puebla, Mexico, she pleaded to keep her job.

Trade, or exchange, is engaged in precisely because both parties benefit; if they did not expect to gain, they would not agree to the exchange.

This simple reasoning refutes the argument against free trade typical of the “mercantilist” period of sixteenth- to eighteenth-century Europe and classically expounded by the famed sixteenth-century French essayist Montaigne.

At each stage of production from natural resource to consumer good, money is voluntarily exchanged for capital goods, labor services, and land resources. At each step of the way, terms of exchanges, or prices, are determined by the voluntary interactions of suppliers and demanders. This market is “free” because choices, at each step, are made freely and voluntarily.

We can immediately see the fallacy in this still-popular viewpoint: the willingness and even eagerness to trade means that both parties benefit. In modern game-theory jargon, trade is a win-win situation, a “positive-sum” rather than a “zero-sum” or “negative-sum” game.

Each one values the two goods or services differently, and these differences set the scene for an exchange.

Two factors determine the terms of any agreement: how much each participant values each good in question, and each participant’s bargaining skills.

the market in relation to how favorably buyers evaluate these goods—in shorthand, by the interaction of their supply with the demand for them.

On the other hand, given the buyers’ evaluation, or demand, for a good, if the supply increases, each unit of supply—each baseball card or loaf of bread—will fall in value, and therefore the price of the good will fall. The reverse occurs if the supply of the good decreases.

The market, then, is not simply an array; it is a highly complex, interacting latticework of exchanges.

Production begins with natural resources, and then various forms of machines and capital goods, until finally, goods are sold to the consumer.

The mercantilists argued that in any trade, one party can benefit only at the expense of the other—that in every transaction there is a winner and a loser, an “exploiter” and an “exploited.”

A common charge against the free-market society is that it institutes “the law of the jungle,” of “dog eat dog,” that it spurns human cooperation for competition and exalts material success as opposed to spiritual values, philosophy, or leisure activities.

Saving and investment can then develop capital goods and increase the productivity and wages of workers, thereby increasing their standard of living.

The free competitive market also rewards and stimulates technological innovation that allows the innovator to get a head start in satisfying consumer wants in new and creative ways.

Government, in every society, is the only lawful system of coercion. Taxation is a coerced exchange, and the heavier the burden of taxation on production, the more likely it is that economic growth will falter and decline

The ultimate in government coercion is socialism.

Under socialist central planning the socialist planning board lacks a price system for land or capital goods.

Market socialism is, in fact, a contradiction in terms.

The fashionable discussion of market socialism often overlooks one crucial aspect of the market: When two goods are exchanged, what is really exchanged is the property titles in those goods.

This means that the key to the existence and flourishing of the free market is a society in which the rights and titles of private property are respected, defended, and kept secure.

The key to socialism, on the other hand, is government ownership of the means of production, land, and capital goods.

Under socialism, therefore, there can be no market in land or capital goods worthy of the name.

ome critics of the free market argue that property rights are in conflict with “human” rights. But the critics fail to realize that in a free-market system, every person has a property right over his own person and his own labor and can make free contracts for those services.

The free market and the free price system make goods from around the world available to consumers.

It is the coercive countries with little or no market activity—the notable examples in the last half of the twentieth century were the communist countries—where the grind of daily existence not only impoverishes people materially but also deadens their spirit.

Applied welfare economics is the fruition of microeconomics.

It is hard to imagine a basic course in microeconomics failing to include numerous cases and examples drawn from all of the fields listed above. This is because microeconomics is so basic. It represents the trunk of the tree from which all the listed subfields have branche

The specialization of production and the institutions of trade, commerce, and markets long antedated the science of economics. Indeed, one can fairly say that from the very outset the science of economics entailed the study of the market forms that arose quite naturally (and without any help from economists) out of human behavior

In microeconomics this is translated into the notion of people maximizing their personal “utility,” or welfare.

At the beginning of the process, those who adopted the new hybrids made handsome profits.

The economics of supply and demand has a sort of moral or normative overtone, at least when it comes to dealing with a wide range of market distortions. In an undistorted market, buyers pay the market price up to the point where they judge further units not to be worth that price, while competitive sellers supply added units as long as they can make money on each increment.

Many different distortions can create similar anomalies. If cotton is subsidized, the price farmers get will exceed, by the amount of the subsidy, the value to consumers. Society thus stands to gain by eliminating the subsidy and moving to a price that is the same for both buyers and sellers.

If price controls keep bread (or anything else) artificially cheap, the predictable result is that less will be supplied than is demanded.

Had the government given wheat farmers coupons, each of which permitted the farmer to market one bushel of wheat, wheat marketings could have been cut by the desired amount. Production inefficiencies could be avoided by allowing the farmers to buy and sell coupons among themselves.

monopoly represents the artificial restriction of production by an entity having sufficient “market power” to do so.

Modern monopolies are a bit less transparent, for two reasons. First, even though governments still grant monopolies, they usually grant them to the producers. Second, some monopolies just happen without government creating them, although these are usually short-lived.

A final example of what occurs with official prices that are too high is the phenomenon of “rent seeking,” which occurs when someone enters a business to earn a profit that the government has tried to make unusually high.

If the wage does not adjust downward to equate supply and demand, the rate of urban unemployment will rise until further migration is deterred. Still other examples are in banking and drugs.

Rent seeking also occurs when something of value (like import licenses or radio/TV franchises) is being given away or sold below its true value

The great unifying principles of microeconomics are, ever and always, supply and demand. The normative overtone of microeconomics comes from the fact that competitive supply price represents value as seen by suppliers, and competitive demand price represents value as seen by demanders.

Her husband, Brad Buchanan, was late for family dinner. She found him in the bathroom, coughing up blood — a lot of it.

Doctors found that a tumor had ruptured in one of his lungs and he urgently needed chemo. As her husband became critically ill, Ms. Washington, a freelance writer, was thrust into the role of nurse.

“My hands were shaking,” she said as she remembered apprehensively pushing in the drugs for the first time and feeling the weight of keeping her husband alive.

Mr. Buchanan had a stem cell transplant that left him with graft-versus-host disease

Depending on the analysis, between 61 and 75 percent of caregivers are women

When she explained that she had two children who also had needs, he said, “Well, usually family steps in, and it works out fine.”

Ms. Washington felt the burden of responsibility, but also the sting

The U.S. health care system relies on and takes for granted the “invisible army” of people — mostly women — who keep the system functioning by performing home care for the many people who are “too well for the hospital” but “too sick for home,” as well as for those on end-of-life care.

In 2017, AARP found that about 41 million family caregivers in America perform roughly $470 billion worth of unpaid labor a year.

they tend to do more personal care tasks like helping patients bathe and use the toilet than their male counterparts, who are more likely to oversee finances and arrangement of care.

The historical roots are complex, but as Evelyn Glenn puts it in “Forced to Care,”

emale caregivers put in more hours — 22 to men’s 17

they are also more likely to stand by their partner through a serious illness

Many people who take on caregiving roles experience negative health impacts, but women are especially at risk of the fallout from caregiver stress.

Female caregivers are also 2.5 times more likely to live in poverty as non-caregiver

A 2011 study found that women who left their jobs to care for a parent lost an average of $324,000 in wages and benefits over their lifetimes.

Ms. Washington was able to dip into savings and a recent inheritance to help pay for supplemental in-home care, but it was still a struggle, causing stress, resentment and lost income.

It was hard to have my life put on hold. Everything kind of slipped away.

I lost a sense of who I was. I was going to pick up a prescription for myself, the only prescription I had when my husband was sick, and the pharmacist asked for my date of birth, and I gave his date of birth

People talk about how it’s the most important job in the world, taking care of our children or taking care of our vulnerable elders, and yet those are some of the worst paid jobs.

How much is a quarterback paid versus someone who is doing care for a vulnerable elderly person?

How did care work become so undervalued?

A doctor told Ms. Washington that her husband would need 24-hour care and “could not be left alone for even a moment.”

Western culture has long framed care work done by women as a moral duty or obligation, rather than an economic activity.

If your earnings are lower than they would normally be because you’re busy caring for a family member, and you can’t save and pay into social security, it can lock whole families into a cycle of lower wealth and economic instability.

And what should someone not do

Don’t tell someone to stay positive. For me, there was no staying about it, because I didn’t feel positive to start with. It brought up this feeling

My time isn’t my own, but surely my emotions can be

The irony gnawed at me: My entire vocation as an investigative reporter was predicated on being able to reveal truths, and yet I could not even rustle up the evidence to convince my own mother that our 45th president was not, in fact, the hero she believed him to be. Or, for that matter, that John F. Kennedy Jr. was dead. Or that Tom Hanks had not been executed for drinking the blood of children.

The theories spun from Q’s messages seemed much easier to disprove. Oprah Winfrey couldn’t have been detained during a wave of deep state arrests because we could still see her conducting live interviews on television. Trump’s 4th of July speech at Mount Rushmore came to an end without John F. Kennedy Jr. revealing he was alive and stepping in as the president’s new running mate. The widespread blackouts that her Patriot friend’s “source from the Pentagon” had warned about failed to materialize. And I could testify firsthand that the CIA had no control over my newsroom’s editorial decisions.

“I believe the Holy Spirit led me to the QAnons to discover the truth which is being suppressed,” she texted me. “Otherwise, how would I be able to know the truth if the lamestream media suppresses the truth?”

Through the years, I’d battled against conspiracy theories my mom threw at me that were far more formidable than QAnon. I’d been stumped when she asked me to prove that Beyoncé wasn’t an Illuminati member, dumbfounded when research studies I sent her weren’t enough to reach an agreement on vaccine efficacy, and too worn down to say anything more than “that’s not true” when confronted with false allegations of murders committed by prominent politicians.

Eventually, I accepted the impasse. It didn’t seem healthy that every conversation we had would devolve into a circuitous debate about which one of us was on the side of the bad guys. So I tried to pick my battles.

But what I had dismissed as damaging inconsistencies turned out to be the core strength of the belief system: It was alive, flexible, sprouting more questions than answers, more clues to study, an investigation playing out in real time, with the fate of the world at stake.

With no overlap between our filters of reality, I was at a loss for any facts that would actually stick.

Meanwhile, she wondered where she’d gone wrong with me

She regretted not taking politics more seriously when I was younger. I’d grown up blinkered by American privilege, trained to ignore the dirty machinations securing my comforts. My mom had shed that luxury long ago.

The year my mom began falling down QAnon rabbit holes, I turned the age she was when she first arrived in the States. By then, I was no longer sure that America was worth the cost of her migration. When the real estate market collapsed under the weight of Wall Street speculation, she had to sell our house at a steep loss to avoid foreclosure and her budding career as a realtor evaporated. Her near–minimum wage jobs weren’t enough to cover her bills, so her credit card debts rose. She delayed retirement plans because she saw no path to breaking even anytime soon, though she was hopeful that a turnaround was on the horizon. Through the setbacks and detours, she drifted into the arms of the people and beliefs I held most responsible for her troubles.

With a fervor I knew was futile, I’d tell my mom she was missing the real conspiracy: The powerful people shaping policy to benefit their own interests, to maintain wealth and white predominance, through tax cuts and voter suppression, were commandeering her support solely by catering to her stance on the one issue she cared most about.

The voice my mom trusted most now was Trump’s. Our disagreements were no longer ideological to her but part of a celestial conflict.

“I love you but you have to be on the side of good,” she texted me. “Im sad cuz u have become part of the deep state. May God have mercy on you...I pray you will see the truth of the evil agenda and be on the side of Trump.”

She likened her fellow Patriots to the early Christians who spread the word of Jesus at the risk of persecution. She often sent me a meme with a caption about “ordinary people who spent countless hours researching, debating, meditating and praying” for the truth to be revealed to them. “Although they were mocked, dismissed and cast off, they knew their souls had agreed long ago to do this work.”

Last summer, as my mom marched in a pink MAGA hat amid maskless crowds, and armed extremists stalked racial justice protests, and a disputed election loomed like a time bomb, I entertained my darkest thoughts about the fate of our country. Was there any hope in a democracy without a shared set of basic facts? Had my elders fled one authoritarian regime only for their children to face another? Amid the gloom, I found only a single morsel of solace: My mom was as hopeful as she’d ever been.

I wish I could offer some evidence showing that the gulf between us might be narrowing, that my love, persistence, and collection of facts might be enough to draw her back into a reality we share, and that when our wager about the storm comes due in a few months, she’ll realize that the voices she trusts have been lying to her. But I don’t think that will happen

What can I do but try to limit the damage? Send my mom movie recommendations to occupy the free time she instead spends on conspiracy research. Shift our conversations to the common ground of cooking recipes and family gossip. Raise objections when her beliefs nudge her toward dangerous decisions.

I now understand our debates as marks of the very bond I thought was disintegrating. No matter how far she believes I’ve fallen into the deep state, how hard I fight for the forces of evil, how imminent the grand plan’s rapture, my mom will be there on the other side of the line putting in a good word for me with the angels and saints, trying to save me from damnation. And those are the two realities we live in. ●

understand

now understand our debates as marks of the very bond I thought was disintegrating. No matter how far she believes I’ve fallen into the deep state, how hard I fight for the forces of evil, how imminent the grand plan’s rapture, my mom will be there on the other side of the line putting in a good word for me with the angels and saints, trying to save me from damnation. And those are the two realities we live in. ●

"We've seen stratospheric compensation levels. We see stock buybacks and dividend distribution. Yet, wages throughout our economy are essentially flat."

Bank executives, Warren says, "have a responsibility to execute on making their banks part of the solution to our economic and racial problems across this nation."

But even with a change in power in Congress, analysts warn banks are likely to face continued pressure from Democrats — and society — on key aspects of their operations, from whom they lend money to where they invest.

"Banks have no choice but to address these issues, because it impacts their communities, their customers and their employees,"

"You have to live in the real world, and the real world has these issues as part of the banks' businesses."

Accelerationists favour automation. They favour the further merging of the digital and the human. They often favour the deregulation of business, and drastically scaled-back government. They believe that people should stop deluding themselves that economic and technological progress can be controlled.

Accelerationism, therefore, goes against conservatism, traditional socialism, social democracy, environmentalism, protectionism, populism, nationalism, localism and all the other ideologies that have sought to moderate or reverse the already hugely disruptive, seemingly runaway pace of change in the modern world

Robin Mackay and Armen Avanessian in their introduction to #Accelerate: The Accelerationist Reader, a sometimes baffling, sometimes exhilarating book, published in 2014, which remains the only proper guide to the movement in existence.

“We all live in an operating system set up by the accelerating triad of war, capitalism and emergent AI,” says Steve Goodman, a British accelerationist

A century ago, the writers and artists of the Italian futurist movement fell in love with the machines of the industrial era and their apparent ability to invigorate society. Many futurists followed this fascination into war-mongering and fascism.

One of the central figures of accelerationism is the British philosopher Nick Land, who taught at Warwick University in the 1990s

Land has published prolifically on the internet, not always under his own name, about the supposed obsolescence of western democracy; he has also written approvingly about “human biodiversity” and “capitalistic human sorting” – the pseudoscientific idea, currently popular on the far right, that different races “naturally” fare differently in the modern world; and about the supposedly inevitable “disintegration of the human species” when artificial intelligence improves sufficiently.

In our politically febrile times, the impatient, intemperate, possibly revolutionary ideas of accelerationism feel relevant, or at least intriguing, as never before. Noys says: “Accelerationists always seem to have an answer. If capitalism is going fast, they say it needs to go faster. If capitalism hits a bump in the road, and slows down” – as it has since the 2008 financial crisis – “they say it needs to be kickstarted.”

On alt-right blogs, Land in particular has become a name to conjure with. Commenters have excitedly noted the connections between some of his ideas and the thinking of both the libertarian Silicon Valley billionaire Peter Thiel and Trump’s iconoclastic strategist Steve Bannon.

“In Silicon Valley,” says Fred Turner, a leading historian of America’s digital industries, “accelerationism is part of a whole movement which is saying, we don’t need [conventional] politics any more, we can get rid of ‘left’ and ‘right’, if we just get technology right. Accelerationism also fits with how electronic devices are marketed – the promise that, finally, they will help us leave the material world, all the mess of the physical, far behind.”

In 1972, the philosopher Gilles Deleuze and the psychoanalyst Félix Guattari published Anti-Oedipus. It was a restless, sprawling, appealingly ambiguous book, which suggested that, rather than simply oppose capitalism, the left should acknowledge its ability to liberate as well as oppress people, and should seek to strengthen these anarchic tendencies, “to go still further … in the movement of the market … to ‘accelerate the process’”.

By the early 90s Land had distilled his reading, which included Deleuze and Guattari and Lyotard, into a set of ideas and a writing style that, to his students at least, were visionary and thrillingly dangerous. Land wrote in 1992 that capitalism had never been properly unleashed, but instead had always been held back by politics, “the last great sentimental indulgence of mankind”. He dismissed Europe as a sclerotic, increasingly marginal place, “the racial trash-can of Asia”. And he saw civilisation everywhere accelerating towards an apocalypse: “Disorder must increase... Any [human] organisation is ... a mere ... detour in the inexorable death-flow.”

With the internet becoming part of everyday life for the first time, and capitalism seemingly triumphant after the collapse of communism in 1989, a belief that the future would be almost entirely shaped by computers and globalisation – the accelerated “movement of the market” that Deleuze and Guattari had called for two decades earlier – spread across British and American academia and politics during the 90s. The Warwick accelerationists were in the vanguard.

In the US, confident, rainbow-coloured magazines such as Wired promoted what became known as “the Californian ideology”: the optimistic claim that human potential would be unlocked everywhere by digital technology. In Britain, this optimism influenced New Labour

The Warwick accelerationists saw themselves as participants, not traditional academic observers

The CCRU gang formed reading groups and set up conferences and journals. They squeezed into the narrow CCRU room in the philosophy department and gave each other impromptu seminars.

The main result of the CCRU’s frantic, promiscuous research was a conveyor belt of cryptic articles, crammed with invented terms, sometimes speculative to the point of being fiction.

At Warwick, however, the prophecies were darker. “One of our motives,” says Plant, “was precisely to undermine the cheery utopianism of the 90s, much of which seemed very conservative” – an old-fashioned male desire for salvation through gadgets, in her view.

K-punk was written by Mark Fisher, formerly of the CCRU. The blog retained some Warwick traits, such as quoting reverently from Deleuze and Guattari, but it gradually shed the CCRU’s aggressive rhetoric and pro-capitalist politics for a more forgiving, more left-leaning take on modernity. Fisher increasingly felt that capitalism was a disappointment to accelerationists, with its cautious, entrenched corporations and endless cycles of essentially the same products. But he was also impatient with the left, which he thought was ignoring new technology

lex Williams, co-wrote a Manifesto for an Accelerationist Politics. “Capitalism has begun to constrain the productive forces of technology,” they wrote. “[Our version of] accelerationism is the basic belief that these capacities can and should be let loose … repurposed towards common ends … towards an alternative modernity.”

What that “alternative modernity” might be was barely, but seductively, sketched out, with fleeting references to reduced working hours, to technology being used to reduce social conflict rather than exacerbate it, and to humanity moving “beyond the limitations of the earth and our own immediate bodily forms”. On politics and philosophy blogs from Britain to the US and Italy, the notion spread that Srnicek and Williams had founded a new political philosophy: “left accelerationism”.

Two years later, in 2015, they expanded the manifesto into a slightly more concrete book, Inventing the Future. It argued for an economy based as far as possible on automation, with the jobs, working hours and wages lost replaced by a universal basic income. The book attracted more attention than a speculative leftwing work had for years, with interest and praise from intellectually curious leftists

Even the thinking of the arch-accelerationist Nick Land, who is 55 now, may be slowing down. Since 2013, he has become a guru for the US-based far-right movement neoreaction, or NRx as it often calls itself. Neoreactionaries believe in the replacement of modern nation-states, democracy and government bureaucracies by authoritarian city states, which on neoreaction blogs sound as much like idealised medieval kingdoms as they do modern enclaves such as Singapore.

Land argues now that neoreaction, like Trump and Brexit, is something that accelerationists should support, in order to hasten the end of the status quo.

In 1970, the American writer Alvin Toffler, an exponent of accelerationism’s more playful intellectual cousin, futurology, published Future Shock, a book about the possibilities and dangers of new technology. Toffler predicted the imminent arrival of artificial intelligence, cryonics, cloning and robots working behind airline check-in desks

Land left Britain. He moved to Taiwan “early in the new millennium”, he told me, then to Shanghai “a couple of years later”. He still lives there now.

In a 2004 article for the Shanghai Star, an English-language paper, he described the modern Chinese fusion of Marxism and capitalism as “the greatest political engine of social and economic development the world has ever known”

Once he lived there, Land told me, he realised that “to a massive degree” China was already an accelerationist society: fixated by the future and changing at speed. Presented with the sweeping projects of the Chinese state, his previous, libertarian contempt for the capabilities of governments fell away

Without a dynamic capitalism to feed off, as Deleuze and Guattari had in the early 70s, and the Warwick philosophers had in the 90s, it may be that accelerationism just races up blind alleys. In his 2014 book about the movement, Malign Velocities, Benjamin Noys accuses it of offering “false” solutions to current technological and economic dilemmas. With accelerationism, he writes, a breakthrough to a better future is “always promised and always just out of reach”.

“The pace of change accelerates,” concluded a documentary version of the book, with a slightly hammy voiceover by Orson Welles. “We are living through one of the greatest revolutions in history – the birth of a new civilisation.”

Shortly afterwards, the 1973 oil crisis struck. World capitalism did not accelerate again for almost a decade. For much of the “new civilisation” Toffler promised, we are still waiting

Those would be gains for those parties, which have often appeared rudderless in the face of López Obrador's popularity.

López Obrador's critics had depicted the elections as a chance to stop the still-popular president from concentrating more power and weakening checks and balances.

Representatives of the major parties speaking at the electoral institute's general council meeting applauded the conduct of Sunday's vote amid the pandemic

he might try to subjugate courts and regulatory agencies created during Mexico's decades-long transition to full democracy.

hree dozen candidates were killed during the campaigns; almost all of the victims were running for one of the 20,000 local posts including mayors and town council up for grabs in 30 states.

López Obrador has raised minimum wages and strengthened government aid programs like supplementary payments to the elderly, students and training programs for youths.

The elections represent the first mass public events since the coronavirus pandemic hit the country over a year ago,

For the sake of everyone who stands to gain from a better knowledge of politics, economics and society, the social sciences need to overcome their inferiority complex, reject hypothetico-deductivism and embrace the fact that they are mature disciplines with no need to emulate other sciences.

Or consider the famous “impossibility theorem,” developed by the economist Kenneth Arrow, which shows that no single voting system can simultaneously satisfy several important principles of fairness. There is no need to test this model with data — in fact, there is no way to test it — and yet the result offers policy makers a powerful lesson: there are unavoidable trade-offs in the design of voting systems.

Unfortunately, the belief that every theory must have its empirical support (and vice versa) now constrains the kinds of social science projects that are undertaken, alters the trajectory of academic careers and drives graduate training. Rather than attempt to imitate the hard sciences, social scientists would be better off doing what they do best: thinking deeply about what prompts human beings to behave the way they do.

theoretical models can be of great value even if they are never supported by empirical testing. In the 1950s, for instance, the economist Anthony Downs offered an elegant explanation for why rival political parties might adopt identical platforms during an election campaign. His model relied on the same strategic logic that explains why two competing gas stations or fast-food restaurants locate across the street from each other — if you don’t move to a central location but your opponent does, your opponent will nab those voters (customers). The best move is for competitors to mimic each other. This framework has proven useful to generations of political scientists even though Mr. Downs did not empirically test it and despite the fact that its main prediction, that candidates will take identical positions in elections, is clearly false. The model offered insight into why candidates move toward the center in competitive elections

Likewise, the analysis of empirical data can be valuable even in the absence of a grand theoretical model. Did the welfare reform championed by Bill Clinton in the 1990s reduce poverty? Are teenage employees adversely affected by increases in the minimum wage?

Answering such questions about the effects of public policies does not require sweeping theoretical claims, just careful attention to the data.

theories are like maps: the test of a map lies not in arbitrarily checking random points but in whether people find it useful to get somewhere.

Economists, political scientists and sociologists have long suffered from an academic inferiority complex: physics envy. They often feel that their disciplines should be on a par with the “real” sciences and self-consciously model their work on them, using language (“theory,” “experiment,” “law”) evocative of physics and chemistry.

The ideal of hypothetico-deductivism is flawed for many reasons. For one thing,

The QAnon conspiracy theory is centered on the baseless belief that Trump is waging a secret campaign against “deep state” enemies and a child sex trafficking ring run by satanic pedophiles and cannibals.

Tuesday it will limit the spread of posts that violate its civic integrity policy by preventing anyone from replying to, liking or retweeting them.

The policy prohibits attempts to manipulate elections and spread misleading info about their results, with repeated violations resulting in permanent suspension.

a recent psychological study suggests a simpler explanation. Its core idea is what you might call “oppression creep” or, more neutrally, “prevalence-induced concept change.” The more progress we observe, the greater the remaining injustices appear.

We seem incapable of keeping a concept stable over time when the prevalence of that concept declines.

lthough modern societies have made extraordinary progress in solving a wide range of social problems, from poverty and illiteracy to violence and infant mortality, the majority of people believe that the world is getting worse. The fact that concepts grow larger when their instances grow smaller may be one source of that pessimism.

We see relatively, not absolutely. We change our standards all the time, depending on context.

When blue dots became rare, purple dots began to look blue; when threatening faces became rare, neutral faces began to appear threatening … This happened even when the change in the prevalence of instances was abrupt, even when participants were explicitly told that the prevalence of instances would change, and even when participants were instructed and paid to ignore these changes.

We seem to be wired to assume a given threat remains just as menacing even when its actual prevalence has declined:

“In other words, when the prevalence of blue dots decreased, participants’ concept of blue expanded to include dots that it had previously excluded.”

This study may help explain why, in the midst of tremendous gains for gays, women, and racial minorities, we still insist more than ever that we live in a patriarchal, misogynist, white supremacist, homophobic era.

whatever the cause, the result is that we steadfastly refuse to accept the fact of progress, in a cycle of eternal frustration at what injustices will always remain

We never seem to be able to say: “Okay, we’re done now, we’ve got this, politics has done all it reasonably could, now let’s move on with our lives.” We can only ever say: “It’s worse than ever!” And fe

picking someone who has bent the truth so often about so many things — her ancestry, her commitment to serving a full term as senator, the schools her kids went to, the job her father had (according to her brother), or the time she was “fired” for being pregnant — is an unnecessary burden.

The Democrat I think is most likely to lose to Trump is Elizabeth Warren.I admire her ambition and grit and aggression, but nominating a woke, preachy Harvard professor plays directly into Trump’s hands

Pete Buttigieg’s appeal has waned for me.

over time, the combination of his perfect résumé, his actorly ability to change register as he unpacks a sentence, and his smoothness and self-love have begun to worry me. My fear is that his appeal will fade

Klobuchar, to my mind, is the better midwestern option. She is an engaging and successful politician. But there’s a reason she seemingly can’t get more traction. She just doesn’t command a room

I so want Biden to be ten years younger. I can’t help but be very fond of the man, and he does have a mix of qualities that appeal to both African-Americans and white working-class midwesterners. What I worry about is his constant stumbling in his speech, his muddling of words, those many moments when his eyes close, and his face twitches, as he tries to finish a sentence

Sanders has been on the far left all his life, and the oppo research the GOP throws at him could be brutal. He’s a man, after all, who sided with a Marxist-Leninist party that supported Ayatollah Khomeini during the hostage crisis in 1979. He loved the monstrous dictator Fidel Castro and took his 1988 honeymoon in the Soviet Union, no less, where he openly and publicly criticized his own country and praised many aspects of the Soviet system

On two key issues, immigration and identity politics, Bernie has sensibilities and instincts that could neutralize these two strong points for Trump. Sanders has always loathed the idea of open borders and the effect they have on domestic wages, and he doesn’t fit well with the entire woke industry. He still believes in class struggle, not the culture war

Biden has an advantage because of Obama, his appeal to the midwestern voters (if he wins back Pennsylvania, that would work wonders), and his rapport with African-Americans. But he also seems pretty out of it.

Under the change, our rich taxpayer couple -- and this applies only for individuals, not corporations -- can now deduct an unlimited amount of "excess losses" in real estate against income from other sources. So now real estate moguls with lucrative day jobs or bountiful capital gains from other investments can go back to living tax-free, the Kushner way, before limits were put in place as part of the 2017 tax reform bill.