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For the most part, I have loved raising my kids here. But I have struggled, too. My closest friends and I have a long-standing joke about needing to remember to “lower the bar” around here — about not falling prey to the pressures to conform and compete, not buying the line that the schools or the kids here are special. Most of us understand our privilege and good fortune. Many do not.

There is an Oakwood in every city; there’s a Brock Turner in every Oakwood: the “nice,” clean-cut, “happy-go-lucky,” hyper-achieving kid who’s never been told “no.” There’s nothing he can’t have, do, or be, because he is special

it’s not hard to draw a straight line from this little ‘burb (or a hundred like it) to that dumpster at Stanford. What does being told “no” mean to that kid? If the world is his for the taking, isn’t an unconscious woman’s body? When he gets caught, why wouldn’t his first impulse be to run, make excuses — blame the Fireball, or the girl or the campus drinking culture? That is entitlement. That is unchecked privilege.

I find that I’m hiding from social media and avoiding conversations on this subject, lest I have to listen to someone defend him. I don’t want to hear anyone start in about the nice family or the good kid. My kids went to high school with him. I ran the community center swim team he was on

No, I don’t “know” Brock Turner like his friends or neighbors do. But I do know what he did, and so do we all, based on the unanimous verdict of a jury and two eyewitnesses.

We now also know exactly what his victim suffered, and we know that he doesn’t own any of it. Neither do his apologists.

I’ve wondered if all of this was the attorney’s doing — that Turner and his family were manipulated into denial because their lawyer told them there was no other alternative. But his father’s letter and his own lame “apology” make it seem clear that they truly believe that bad timing and alcohol — not Turner himself — were to blame.

Trump’s nomination would transform the party into a blue-collar, populist, nationalist movement with a racial element — much like many others in the Western world. This would be a very different party from Reagan’s or Ryan’s.

it looks like 1964, also an election that realigned politics, shifting Southern whites to the Republican Party ever since. Then , too, there was enormous energy, new voters and a candidate who thrilled his supporters. Then, too, the establishment could not muster the courage and unity to oppose the front-runner, scared to push back against the energy and devotion of the new populist forces. So instead the party went to the polls in November divided — and lost 44 states.

At the other extreme sit conservatives like my Atlantic colleague David Frum, Johns Hopkins School of Advanced and International Studies Professor Eliot Cohen, and New York Times columnist David Brooks, who warned against Trump during the campaign, and believe he is now vindicating their fears.

For them, conservatism is about prudence, inherited wisdom, and a government that first does no harm; they see none of those virtues in Trump. They see themselves as the inheritors of a rich conservative intellectual tradition; Trump’s ignorance embarrasses them.

they believe America should stand for ideals that transcend race, religion and geography; they fear white Christian identity politics in their bones

In between are the conservatives who will tip the balance. Unlike Breitbart and company, they generally opposed Trump during the campaign. Unlike Brooks and company, they serve a conservative audience that now overwhelmingly backs him.

they work for conservative publications and networks. Their business model is opposing the left. And that means opposing the people who oppose Trump."

National Review is the most illustrative. During the campaign, it called Trump “a menace to American conservatism who would take the work of generations and trample it underfoot in behalf of a populism as heedless and crude as the Donald himself.”

But now Trump is a Republican president, popular with most conservatives, and under liberal attack. So National Review has developed a technique that could be called anti-anti-Trump. It goes like this.

Step number one: Accuse Trump’s opponents of hyperbole.

Step number two: Briefly acknowledge Trump’s flaws while insisting they’re being massively exaggerated.

The problem with these formulations should be clear. Some liberal criticism of Trump may indeed be melodramatic. But liberals don’t wield much power in Washington right now. Conservatives do. The key question facing National Review, therefore, is not whether Trump’s actions are as bad as the most extreme lefties say they are. The key question is whether Trump’s actions warrant conservative opposition.

In this way, National Review minimizes Trump’s misdeeds without appearing to defend them.

Among National Review’s favorite phrases these days is “Trump Derangement Syndrome.” It refers to Democrats who describe Trump as mentally unstable, a pathological liar or a would-be dictator

But National Review once described Trump in those terms itself. A year ago, in its issue entitled, “Against Trump,” the magazine called him a “huckster” whose populism contained “strong-man overtones.”

Its contributors declared him a “charlatan,” a “con man,” someone exhibiting “emotional immaturity bordering on personality disorder” and an “American Mussolini.”

Where exactly does National Review see the evidence of emotional, intellectual and moral growth?

It’s not deranged to worry that Trump may undermine liberal democracy. It’s deranged to think that leftist hyperbole constitutes the greater threat. Unfortunately, that form of Trump Derangement Syndrome is alive and well at National Review.

It is inconvenient for National Review that the individual in government who now most threatens the principles it holds dear is not a liberal, but a president that most conservatives support. But evading that reality doesn’t make it any less true.

She said Trump would set the agenda and needed people with inside knowledge to reform the system. Maddox sees other criticisms as part of the same howl of anger at Trump’s victory from what she regards as a privileged and entitled liberal establishment.

“They’re saying all those who supported him are stupid white men. Do they understand the lives of underprivileged people? They’re living in these $10m penthouses in New York. Come live down with the people here that are struggling and lucky if they can pay for a house that’s a $100,000. Knock yourself off your pedestal and bring yourself down here. You’re going to think people here live in poverty, but people down here make the best of what they have,” she said. “Just because you don’t have the boo-coo dollars they have over there does not make you an ignorant person. Does not make you incapable of making rational decisions.”

Every man on this planet at some point has said something vulgar or inappropriate about a woman. And if they say they haven’t, they’re liars. Honestly, what he says to his buddies doesn’t affect me in the least,” she said. “I could care less what he did personally. That has nothing to do with me. That doesn’t affect me. What I care about is what he’s going to do professionally.”

Like many of the estimated 3 million undocumented immigrants in California, they live near the poverty line without the social protections available to American citizens. The Galvans rely on a local clinic offering affordable care to low-income families. Luis Galvan faced navigating life without documents which, at best, meant stunted expectations and the constant fear of arrest.

Then in 2012, Obama issued an executive order lifting the threat of deportation for undocumented immigrants who arrived in the US before they were 16 and granting them work permits. More than 750,000 “Dreamers” have applied for Deferred Action for Childhood Arrivals, popularly known as Daca, liberating them from life in the shadows and offering hope of a future beyond labouring in the fields. Galvan’s Daca authorisation opened the door to a place in college to train as a teacher.

Although he is not likely to be an immediate target for deportation, Galvan also worries that the immigration service now knows where to find his family from the Daca application. He says his father fears the worst and is saving money to buy land in Mexico ready to return.

“I have an uncle that’s packing already. He’s like: ‘I’m going. I’m sorry but I don’t want to deal with this stuff. It’s going to get worse.’ I was trying to calm down but he said no. He has a lot of kids, all US citizens. They’re all going back to Mexico,” said Galvan. “A lot of people are making an escape plan.”

For some years now the Claremont Institute has been promoting the idea that Wilson was a kind of double agent, whipping the Huns in World War I while surreptitiously introducing the Hegelian bacillus into the American water supply and turning us into zombie-slaves of an elite-run progressivist State.

Yes, the hydra-headed Progressive movement, resisting varied but real economic threats to democratic self-­government, did extend the jurisprudential limits of government activity in ways that were wise and sometimes not so wise. Yes, the New Deal did convince Americans that citizens are not road kill and that government can legitimately protect public welfare and basic human dignity. And yes, the Great Society’s liberal architects vastly overreached and overpromised, destroying the public’s confidence in active government and threatening the solid achievements of the New Deal and the Progressive Era.

Reagan did in fact restore (then overinflate) America’s self-confidence, and he did bequeath to Republicans a clear ideological alternative to Progressivism. But he also transformed American liberalism. As an author named Barack Obama once wrote, Reagan “put us on a fundamentally different path because the country was ready for it.” By delegitimizing Great Society liberalism and emphasizing growth, he forced the Democratic Party back toward the center, making the more moderate presidencies of Bill Clinton and Barack Obama possible. Reagan won the war of ideas, as everyone knows. Except conservatives.

Conservatives need a psychological specialist, someone at the level of the great Jewish sage and sometime physician Maimonides. In the late 12th century Maimonides received a letter from a group of rabbis in Marseille who had worked themselves into a frenzy over astrological predictions of the End Times. His prescription — I translate loosely from the Hebrew — was, Get a grip!

By now conservative intellectuals and media hacks have realized that it’s much easier to run a permanent counterrevolution out of their plush think-tank offices and television studios than to reflect seriously, do homework and cut a deal. All they have to do is spook their troops into believing that the Progressive Idea is still on the march and that they are setting out to meet it at Armageddon.

the conservatives have also spooked themselves. They now really believe the apocalyptic tale they’ve spun, and have placed mild-mannered Barack Obama at the center of it.

Kesler admits that “Obama is at pains to be, and to be seen as, a strong family man, a responsible husband and father urging responsibility on others, a patriot, a model of pre-’60s, subliminally anti-’60s, sobriety.” But that’s just a disguise. In fact, he’s the “latest embodiment of the visionary prophet-statesman” of the Progressives, someone who “sees himself engaged in an epic struggle” whose success will mean “the Swedenization of America.”

what is Kesler’s evidence for these extravagant claims? He hasn’t any. Early in the book he writes that Obama came to office planning “bold, systemic changes to energy policy, environmental regulation, taxation, foreign policy” — though he never describes these plans and in fact never mentions them again. He carefully avoids Obama’s moderate record

the right’s rage against Obama, which has seeped out into the general public, has very little to do with anything the president has or hasn’t done. It’s really directed against the historical process they believe has made America what it is today. The conservative mind, a repository of fresh ideas just two decades ago, is now little more than a click-click slide projector holding a tray of apocalyptic images of modern life that keeps spinning around, raising the viewer’s fever with every rotation.

more than a few of our fellow citizens are loathing themselves blind over Barack Obama. Why?

Whenever conservatives talk to me about Barack Obama, I always feel quite certain that they mean something else. But what exactly? The anger, the suspicion, the freestyle fantasizing have no perceptible object in the space-time continuum that centrist Democrats like me inhabit. What are we missing? Seen from our perspective, the country elected a moderate and cautious straight shooter committed to getting things right and giving the United States its self-­respect back after the Bush-Cheney years.

Kesler’s history of Progressivism doesn’t involve real public figures making real choices about real policies under real constraints in real time. It follows the determined historical journey of the Progressive Idea in words, from the New Freedom platform of Wilson’s first campaign, down through the New Deal speeches of Franklin Roosevelt (who spoke German as a child), then to Lyndon Johnson’s announcements of the War on Poverty and the Great Society. Once that rhetorical lineage is established, he then tries to show how the Idea spread out into American culture at large, bringing with it existentialist self-absorption, moral relativism and passivity in the face of the new administrative state, so that by the midcentury we nearly became Europeans (only fatter)

The most comforting explanation of these facts is that they are mere artifacts of class — rich parents passing on advantages to their children — or of immigrants arriving in this country with high skill and education levels. Important as these factors are, they explain only a small part of the picture.

Merely stating the fact that certain groups do better than others — as measured by income, test scores and so on — is enough to provoke a firestorm in America today, and even charges of racism.

Take New York City’s selective public high schools like Stuyvesant and Bronx Science, which are major Ivy League feeders. For the 2013 school year, Stuyvesant High School offered admission, based solely on a standardized entrance exam, to nine black students, 24 Hispanics, 177 whites and 620 Asians. Among the Asians of Chinese origin, many are the children of restaurant workers and other working-class immigrants.

The irony is that the facts actually debunk racial stereotypes.

Nigerians make up less than 1 percent of the black population in the United States, yet in 2013 nearly one-quarter of the black students at Harvard Business School were of Nigerian ancestry; over a fourth of Nigerian-Americans have a graduate or professional degree, as compared with only about 11 percent of whites.

MOST fundamentally, groups rise and fall over time.

Meanwhile, some Asian-American groups — Cambodian- and Hmong-Americans, for example — are among the poorest in the country, as are some predominantly white communities in central Appalachia.

By 1990, United States-born Cuban children — whose parents had arrived as exiles, many with practically nothing — were twice as likely as non-Hispanic whites to earn over $50,000 a year. All three Hispanic United States senators are Cuban-Americans.

it’s precisely this unstable combination that generates drive: a chip on the shoulder, a goading need to prove oneself. Add impulse control — the ability to resist temptation — and the result is people who systematically sacrifice present gratification in pursuit of future attainment.

The fact that groups rise and fall this way punctures the whole idea of “model minorities” or that groups succeed because of innate, biological differences. Rather, there are cultural forces at work.

the strikingly successful groups in America today share three traits that, together, propel success

The first is a superiority complex — a deep-seated belief in their exceptionality. The second appears to be the opposite — insecurity, a feeling that you or what you’ve done is not good enough. The third is impulse control.

research shows that some groups are instilling them more frequently than others, and that they are enjoying greater success.

Ironically, each element of the Triple Package violates a core tenet of contemporary American thinking.

while Asian-American kids overall had SAT scores 143 points above average in 2012 — including a 63-point edge over whites — a 2005 study of over 20,000 adolescents found that third-generation Asian-American students performed no better academically than white students.

We know that group superiority claims are specious and dangerous, yet every one of America’s most successful groups tells itself that it’s exceptional in a deep sense.

That insecurity should be a lever of success is another anathema in American culture. Feelings of inadequacy are cause for concern or even therapy; parents deliberately instilling insecurity in their children is almost unthinkable. Yet insecurity runs deep in every one of America’s rising groups; and consciously or unconsciously, they tend to instill it in their children.

Numerous studies, including in-depth field work conducted by the Harvard sociologist Vivian S. Louie, reveal Chinese immigrant parents frequently imposing exorbitant academic expectations on their children (“Why only a 99?”), making them feel that “family honor” depends on their success.

Moreover, being an outsider in a society — and America’s most successful groups are all outsiders in one way or another — is a source of insecurity in itself. Immigrants worry about whether they can survive in a strange land, often communicating a sense of life’s precariousness to their children.

In a study of thousands of high school students, Asian-American students reported the lowest self-esteem of any racial group, even as they racked up the highest grades.

Finally, impulse control runs against the grain of contemporary culture as well. Countless books and feel-good movies extol the virtue of living in the here and now, and people who control their impulses don’t live in the moment.

The dominant culture is fearful of spoiling children’s happiness with excessive restraints or demands. By contrast, every one of America’s most successful groups takes a very different view of childhood, inculcating habits of discipline from a very early age

Even when it functions relatively benignly as an engine of success, the combination of these three traits can still be imprisoning — precisely because of the kind of success it tends to promote. Individuals striving for material success can easily become too focused on prestige and money, too concerned with external measures of their own worth.

At the same time, if members of a group learn not to trust the system, if they don’t think people like them can really make it, they will have little incentive to engage in impulse control.

success comes at a price. Each of the three traits has its own pathologies

Needless to say, high-achieving groups don’t instill these qualities in all their members. They don’t have to

Only in combination do these qualities generate drive and what Tocqueville called the “longing to rise.”

It’s just much harder when you have to do it on your own, when you can’t draw on the cultural resources of a broader community, when you don’t have role models or peer pressure on your side, and instead are bombarded daily with negative images of your group in the media.

But it would be ridiculous to suggest that the lack of an effective group superiority complex was the cause of disproportionate African-American poverty. The true causes barely require repeating

Nor does the lack of a group superiority narrative prevent any given individual African-American from succeeding. It simply creates an additional psychological and cultural hurdle that America’s most successful groups don’t have to overcome.

Culture is never all-determining. Individuals can defy the most dominant culture and write their own scripts

The same factors that cause poverty — discrimination, prejudice, shrinking opportunity — can sap from a group the cultural forces that propel success. Once that happens, poverty becomes more entrenched.

Disappearing blue-collar jobs and greater returns to increasingly competitive higher education give a tremendous edge to groups that disproportionately produce individuals driven, especially at a young age, to excel and to sacrifice present satisfactions for long-term gains.

THE good news is that it’s not some magic gene generating these groups’ disproportionate success. Nor is it some 5,000-year-old “education culture” that only they have access to. Instead their success is significantly propelled by three simple qualities open to anyone.

The way to develop this package of qualities — not that it’s easy, or that everyone would want to — is through grit.

It requires turning the ability to work hard, to persevere and to overcome adversity into a source of personal superiority. This kind of superiority complex isn’t ethnically or religiously exclusive. It’s the pride a person takes in his own strength of will.

research shows that perseverance and motivation can be taught, especially to young children.

The United States itself was born a Triple Package nation, with an outsize belief in its own exceptionality, a goading desire to prove itself to aristocratic Europe (Thomas Jefferson sent a giant moose carcass to Paris to prove that America’s animals were bigger than Europe’s) and a Puritan inheritance of impulse control.

But prosperity and power had their predictable effect, eroding the insecurity and self-restraint that led to them. By 2000, all that remained was our superiority complex, which by itself is mere swagger, fueling a culture of entitlement and instant gratification.

the trials of recent years — the unwon wars, the financial collapse, the rise of China — have, perversely, had a beneficial effect: the return of insecurity.

The question is what on earth can be done to prevent the debt explosion. The CBO has a clear answer: "[B]ringing debt back down to 39 percent of GDP in 2038—as it was at the end of 2008—would require a combination of increases in revenues and cuts in noninterest spending (relative to current law) totaling 2 percent of GDP for the next 25 years. . . .

"If those changes came entirely from revenues, they would represent an increase of 11 percent relative to the amount of revenues projected for the 2014-2038 period; if the changes came entirely from spending, they would represent a cut of 10½ percent in noninterest spending from the amount projected for that period."

the bulk of these Republicans no longer believe in the Republican party. They identify more strongly with the Tea Party or Evangelical groups or Fox News than the GOP. On social issues, the defining issue is homosexuality – not abortion. That intransigence will alienate them them even further from the future mainstream. Their next big issue: denying climate change

The bewildering economic and social and demographic changes have created a cultural and existential panic among those most heavily concentrated in those districts whose members are threatening to tear down the global economy as revenge for losing two presidential elections in a row. They feel they have already lost and have nothing to gain from any constructive engagement with a president they regard as pretty close to the anti-Christ of parasitic minorities. They feel isolated in a more multi-cultural country. They feel spied upon and condescended to. They have shut out any news sources apart from Fox. It does not occur to them, for example, that Obamacare might actually help them. And you get no actual specifics on policies they like or dislike. It is all abstractions based on impressions.

you have to see the bigger cultural and religious picture when analyzing what has happened to American conservatism these past two decades or so

I see no way to integrate these groups and people into the broader body politic or conversation. Their alienation is so deep it is close to unbridgeable. And further defeats will make their isolation worse, not better, their anger more, not less, intense.

without strong economic growth, it is hard to see how it can be ameliorated in the near future.

I fear it will get even worse than this until it gets better.

Washington's slaveholding descendants went from evincing skepticism about slavery to calling it "a positive good" and "a great physical, philosophical, and moral truth." And they did this while plundering and raiding this continent's aboriginal population

For at least its first 100 years, or perhaps longer, this country was a disappointment, an experiment which—by its own standards of life, liberty, and pursuit of happiness—failed miserably.

Nowhere is that blindness more apparent then in the constant, puerile need to critique Mandela's turn toward violence.

if it is right for America to draft us, and teach us how to be violent in defense of her, then it is right for you and me to do whatever is necessary to defend our own people right here in this country.

Offered the chance to be free by the avowed white supremacist P.W. Botha if he would renounce violence, Mandela replied, “Let him renounce violence.” Americans should understand this. Violent resistance to tyranny, violent defense of one's body, is not simply a political strategy in our country, it is taken as a basic human right

one sees a constant, indefatigable specter which has dogged us from birth. For the most of American history, very few of our institutions believed that black people were entitled to the rights of other Americans. Included in this is the right of self-defense.

The real reason that nonviolence is considered to be a virtue in Negroes—I am not speaking now of its racial value, another matter altogether—is that white men do not want their lives, their self-image, or their property threatened. One wishes they would say so more often.

The questions which dog us about Mandela's legacy, his relationship to other African autocrats, the great imperfections which remain in his country, and his insistence on the right of self-defense ultimately say more about us than they do about Mandela

"I cannot sell my birthright," Mandela responded to calls for him to renounce violence. "Nor am I prepared to sell the birthright of the people to be free." 

This is a universal appeal, and our inability to see such universality in those who are black, or in those who oppose our stated interests, reveal the borders of all our grand talk about democratic values. That is the next frontier. A serious embrace of universality. A rejection of selective morality.

The shutdown has already led to the biggest plunge in consumer confidence since the collapse of Lehman Brothers in 2008. And it has had ripple effects on many industries that rely on the federal government in one way or another. Import inspections, export financing and oil and gas permitting have come to a halt, in some cases.

Residential real estate, which has been one of the brightest points of the recovery, appears to be taking a hit.

The impasse over the debt ceiling has already raised the United States’ short-term borrowing costs, with investors demanding triple the interest payments they demanded just a few weeks ago,

The World Bank has estimated that a similar standoff in 2011 raised borrowing costs in poor countries by about 0.75 percentage point, and that those costs remained elevated for months.

“Regardless of whether we get a deal, there will be efforts to diversify away from the United States in terms of assets.”

continuing fiscal gridlock in Washington would take a toll on growth not just in the short term but in the long term as well. In the absence of a broad deal that addresses entitlement spending as well as the budget deficit, “you will have perpetual uncertainty,” he said. “And that will undermine the U.S. role in the world much more than a default.”

No Exit makes it very clear that the life of a startup founder is a miserable one, and that engineers are invariably happier when they’re working for a big company.

Financially, starting up a company in Silicon Valley makes very little sense. You have a very high chance (indeed, a certainty) of having to scrape by on a very low income in a very expensive city. At a time of your life when you should be out enjoying life and meeting friends and generally having lots of fun, you will instead be unhappily tethered to your laptop at all times. In return for sacrificing a six-figure salary elsewhere and general enjoyment of life, you’re given a lottery ticket: you get a minuscule chance of making untold millions of dollars.

So where does it come from, this intense Silicon Valley desire to buy the most expensive lottery ticket in the world?

The Silicon Valley trade is also pretty close to being zero-sum. Even on a purely financial basis, if you add up all the profits from successful investments, they barely cover the losses on all the unsuccessful ones. A few big-name angels and VCs can do OK for themselves, but in aggregate the industry of investing in startups does not make money.

Essentially the way that the startup ecosystem works is by taking the valuable labor of thousands of hopeful founders, and converting it into large amounts of capital for a tiny number of successes

On its face, the winners, here, are the people with the big successful exits. But after reading No Exit, a different conclusion presents itself. The real winners are the happy and well-paid engineers, enjoying their lives and their youth while working for great companies like Google. In the world of startups, the only winning move is not to play.

Everything in American culture would lead one to think that it is easy to launch a new restaurant, hair salon, company, or fill in the blank. I wouldn’t go so far to say that those who do it have a false sense of entitlement – but there’s seemingly no sense of contentment in being a no. 2 or lower in a company.

most of the website or mobile app start-ups that you guys in the general media (I will lazily generalize like you all do and lump you all together) lazily or ignorantly refer to as “tech” or “silicon valley” are not founded by computer engineers. They are started by coders, which are a couple notches below computer engineers on the knowledge and experience scale. They are willing to forego a big steady paycheck because they are short on knowledge and experience, and are not usually “incredibly qualified engineers – in fact, they are mostly just qualified to work on mobile apps and economically unsustainable web start-ups. Their value to established companies that need to develop products that generate revenue and profits is questionable, at best.

I don’t know if you have ever worked for a very large multi-national company that compartmentalizes your job into little tasks so that your skills can be exploited for a few years, and then discarded when they are obsolete. Many big companies are poorly managed, and while they may offer stable employment in the short term, when the errors of their executives impose their costs on the company, the employees usually pay the price. And then what do they do? People who avoid working for large companies and seek the excitement of start-ups have a different value system than you and all those who would choose the illusion of job security.

it wasn’t until 2010, when the founders were faced with an iPhone tripod proposal, that they had to decide if such commercial projects qualified as “creative” in the way they intended. As Strickler remembers it, the tripod’s creators responded that their particular tools happened to be injection molding and AutoCAD software, but that their enterprise was absolutely in the spirit of the platform. Kickstarter agreed to host the project, but that decision inspired a sustained effort to shape best practices for gadget campaigns. Its new rules included a requirement that there be a working prototype, and a prohibition on fancy computer renderings

Until last October, Kickstarter’s terms of use stipulated that project creators had only two options to discharge their obligations: ship or refund

Today, in response to situations like ZPM’s, creators can refund, ship or explain, and if a full audit — financial or narrative — shows that the creators have made “every reasonable effort” toward a decent outcome, the backers are encouraged to feel satisfied. Strickler told me he feels it undermines the whole concept of crowdfunding to guarantee that products will be delivered or that refund money will be held in escrow; the acceptance of some risk, after all, is an integral part of patronage

Ethan Mollick, who has published several papers on crowdfunding, has found that more than 80 percent of hardware projects ship with significant delays. Most of those do ultimately deliver something, but Mollick has found that 14 percent of the projects studied have, since 2012, shipped either nothing at all or something too shoddy to use

If backers lack an absolute right to a product, and their legal options are limited, the policy only heightens their feeling of entitlement to full disclosure. “I long ago gave up on getting a machine, but I want my $250 of information,”

A chief tenet of the Internet age is belief in the natural proliferation of democracy and decentralization, in the ability of distributed networks of everyday people to achieve what once required top-down hierarchies and a great concentration of power. When you contribute to a Kickstarter campaign that funds an album or a documentary, you’re participating in the creation of cultural value outside the risk-averse bureaucracies of mass cultural production. You’re kicking in to cut out the middlemen of music labels or Hollywood studios.

Projects like the Oculus Rift virtual-reality headset or the Pebble watch (both of which were Kickstarter successes that went on to become big independent businesses; the former was acquired last year by Facebook for $2 billion) course with a special energy that derives from the exchange of far-flung resources among the sympathetic and like-minded. The realized object takes on a kind of totemic significance through the aspirations and the values of the community that brought it into being

At the same time, like all 21st-century consumers, Kickstarter backers have been trained to expect a world custom-engineered for total frictionlessness. Everything is supposed to work easily, right away and well. O

manufacturing remains a supremely difficult process, the success of which continues to rely on marshaling a lot of resources: development money, an extensive network of trusted vendors, the dedicated personnel to sit in conference rooms in concrete campuses in Shenzhen and Dongguan and refuse to budge until the product is streaming off the assembly line in the right amounts, at the right quality and at the agreed-upon price.

the advice became overwhelming. “They’re doing it on their own schedule, nights and weekends, taking up a huge amount of Igor’s time when he’s got a ton of work to do,” she said. “People got insulted because they couldn’t be involved as much as they wanted.”

The ongoing calls for transparency put pressure on ZPM to carry on all of its business in public, but transparency and efficacy can be incommensurable ideals. ZPM couldn’t blame its vendors in updates, even for the mistakes they were consistently making, if the company wanted to keep working with them — or with anyone at all. The backers had a hard time understanding this; they continued to operate under the shared assumption that more demo­cracy, more engagement and more transparency lead inexorably to more success.

ZPM also could not publish a full financial audit, because open books make meaningful cost negotiation impossible. “I just can’t publish our financials, our cost breakdown,” Tambasco said. “If I do that then when I go to get this thing made, then everybody knows how much I have in the bank. Then what they’re going to do is just drain that money.”Which is exactly what happened.

When one of those consultants demanded, in the spring of 2014, that the project act like a “real start-up” and go into what people in Silicon Valley often call “stealth mode,” the updates came to an abrupt halt. The founders hoped that by posting their email addresses and phone numbers, and offering to field queries and complaints in person, they might assuage the backer community, but this plan, in hindsight, seemed misbegotten. It only confirmed for the backers that their one plank of accountability — the public nature of the story on offer — had been withdrawn.

the reality of ZPM’s failure was pretty banal: The founders were naïve and inexperienced, well intentioned but clumsy, and they serially trusted and paid the wrong people for ineffective help.

The backers suspected that Polyakov would try to sell the intellectual property and pocket the proceeds, but in fact Polyakov’s total asking price for the company was $35,000 to settle the founders’ legal and professional debts, equity consideration for their angel investors and, most important, a guarantee that Buckman would honor ZPM’s commitment to its backers.

Based on the current trajectory, war between the United States and China in the decades ahead is not just possible, but much more likely than recognized at the moment. Indeed, judging by the historical record, war is more likely than not.

A risk associated with Thucydides’s Trap is that business as usual—not just an unexpected, extraordinary event—can trigger large-scale conflict. When a rising power is threatening to displace a ruling power, standard crises that would otherwise be contained, like the assassination of an archduke in 1914, can initiate a cascade of reactions that, in turn, produce outcomes none of the parties would otherwise have chosen.

The preeminent geostrategic challenge of this era is not violent Islamic extremists or a resurgent Russia. It is the impact that China’s ascendance will have on the U.S.-led international order, which has provided unprecedented great-power peace and prosperity for the past 70 years. As Singapore’s late leader, Lee Kuan Yew, observed, “the size of China’s displacement of the world balance is such that the world must find a new balance. It is not possible to pretend that this is just another big player. This is the biggest player in the history of the world.”

More than 2,400 years ago, the Athenian historian Thucydides offered a powerful insight: “It was the rise of Athens, and the fear that this inspired in Sparta, that made war inevitable.

Note that Thucydides identified two key drivers of this dynamic: the rising power’s growing entitlement, sense of its importance, and demand for greater say and sway, on the one hand, and the fear, insecurity, and determination to defend the status quo this engenders in the established power, on the other.

However unimaginable conflict seems, however catastrophic the potential consequences for all actors, however deep the cultural empathy among leaders, even blood relatives, and however economically interdependent states may be—none of these factors is sufficient to prevent war, in 1914 or today.

Four of the 16 cases in our review did not end in bloodshed. Those successes, as well as the failures, offer pertinent lessons for today’s world leaders. Escaping the Trap requires tremendous effort

In 1980, China had 10 percent of America’s GDP as measured by purchasing power parity; 7 percent of its GDP at current U.S.-dollar exchange rates; and 6 percent of its exports. The foreign currency held by China, meanwhile, was just one-sixth the size of America’s reserves. The answers for the second column: By 2014, those figures were 101 percent of GDP; 60 percent at U.S.-dollar exchange rates; and 106 percent of exports. China’s reserves today are 28 times larger than America’s.

Could China become #1? In what year could China overtake the United States to become, say, the largest economy in the world, or primary engine of global growth, or biggest market for luxury goods?

Could China Become #1? Manufacturer: Exporter: Trading nation: Saver: Holder of U.S. debt: Foreign-direct-investment destination: Energy consumer: Oil importer: Carbon emitter: Steel producer: Auto market: Smartphone market: E-commerce market: Luxury-goods market:   Internet user: Fastest supercomputer: Holder of foreign reserves: Source of initial public offerings: Primary engine of global growth: Economy: Most are stunned to learn that on each of these 20 indicators, China has already surpassed the U.S.

Lee Kuan Yew, the world’s premier China watcher and a mentor to Chinese leaders since Deng Xiaoping. Before his death in March, the founder of Singapore put the odds of China continuing to grow at several times U.S. rates for the next decade and beyond as “four chances in five.

On whether China’s leaders are serious about displacing the United States as the top power in Asia in the foreseeable future, Lee answered directly: “Of course. Why not … how could they not aspire to be number one in Asia and in time the world?” And about accepting its place in an international order designed and led by America, he said absolutely not: “China wants to be China and accepted as such—not as an honorary member of the West.”

As the United States emerged as the dominant power in the Western hemisphere in the 1890s, how did it behave? Future President Theodore Roosevelt personified a nation supremely confident that the 100 years ahead would be an American century. Over a decade that began in 1895 with the U.S. secretary of state declaring the United States “sovereign on this continent,” America liberated Cuba; threatened Britain and Germany with war to force them to accept American positions on disputes in Venezuela and Canada; backed an insurrection that split Colombia to create a new state of Panama (which immediately gave the U.S. concessions to build the Panama Canal); and attempted to overthrow the government of Mexico, which was supported by the United Kingdom and financed by London bankers. In the half century that followed, U.S. military forces intervened in “our hemisphere” on more than 30 separate occasions to settle economic or territorial disputes in terms favorable to Americans, or oust leaders they judged unacceptable

When Deng Xiaoping initiated China’s fast march to the market in 1978, he announced a policy known as “hide and bide.” What China needed most abroad was stability and access to markets. The Chinese would thus “bide our time and hide our capabilities,” which Chinese military officers sometimes paraphrased as getting strong before getting even.

With the arrival of China’s new paramount leader, Xi Jinping, the era of “hide and bide” is over

Many observers outside China have missed the great divergence between China’s economic performance and that of its competitors over the seven years since the financial crisis of 2008 and Great Recession. That shock caused virtually all other major economies to falter and decline. China never missed a year of growth, sustaining an average growth rate exceeding 8 percent. Indeed, since the financial crisis, nearly 40 percent of all growth in the global economy has occurred in just one country: China

What Xi Jinping calls the “China Dream” expresses the deepest aspirations of hundreds of millions of Chinese, who wish to be not only rich but also powerful. At the core of China’s civilizational creed is the belief—or conceit—that China is the center of the universe. In the oft-repeated narrative, a century of Chinese weakness led to exploitation and national humiliation by Western colonialists and Japan. In Beijing’s view, China is now being restored to its rightful place, where its power commands recognition of and respect for China’s core interests.

Last November, in a seminal meeting of the entire Chinese political and foreign-policy establishment, including the leadership of the People’s Liberation Army, Xi provided a comprehensive overview of his vision of China’s role in the world. The display of self-confidence bordered on hubris. Xi began by offering an essentially Hegelian conception of the major historical trends toward multipolarity (i.e. not U.S. unipolarity) and the transformation of the international system (i.e. not the current U.S.-led system). In his words, a rejuvenated Chinese nation will build a “new type of international relations” through a “protracted” struggle over the nature of the international order. In the end, he assured his audience that “the growing trend toward a multipolar world will not change.”

Given objective trends, realists see an irresistible force approaching an immovable object. They ask which is less likely: China demanding a lesser role in the East and South China Seas than the United States did in the Caribbean or Atlantic in the early 20th century, or the U.S. sharing with China the predominance in the Western Pacific that America has enjoyed since World War II?

At this point, the established script for discussion of policy challenges calls for a pivot to a new strategy (or at least slogan), with a short to-do list that promises peaceful and prosperous relations with China. Shoehorning this challenge into that template would demonstrate only one thing: a failure to understand the central point I’m trying to make

What strategists need most at the moment is not a new strategy, but a long pause for reflection. If the tectonic shift caused by China’s rise poses a challenge of genuinely Thucydidean proportions, declarations about “rebalancing,” or revitalizing “engage and hedge,” or presidential hopefuls’ calls for more “muscular” or “robust” variants of the same, amount to little more than aspirin treating cancer. Future historians will compare such assertions to the reveries of British, German, and Russian leaders as they sleepwalked into 1914

The rise of a 5,000-year-old civilization with 1.3 billion people is not a problem to be fixed. It is a condition—a chronic condition that will have to be managed over a generation

Success will require not just a new slogan, more frequent summits of presidents, and additional meetings of departmental working groups. Managing this relationship without war will demand sustained attention, week by week, at the highest level in both countries. It will entail a depth of mutual understanding not seen since the Henry Kissinger-Zhou Enlai conversations in the 1970s. Most significantly, it will mean more radical changes in attitudes and actions, by leaders and publics alike, than anyone has yet imagined.

But regardless of industry, the families investing the most in presidential politics overwhelmingly lean right, contributing tens of millions of dollars to support Republican candidates who have pledged to pare regulations; cut taxes on income, capital gains and inheritances; and shrink entitlement programs.

In marshaling their financial resources chiefly behind Republican candidates, the donors are also serving as a kind of financial check on demographic forces that have been nudging the electorate toward support for the Democratic Party and its economic policies. Two-thirds of Americans support higher taxes on those earning $1 million or more a year, according to a June New York Times/CBS News poll, while six in 10 favor more government intervention to reduce the gap between the rich and the poor. According to the Pew Research Center, nearly seven in 10 favor preserving Social Security and Medicare benefits as they are.

“The campaign finance system is now a countervailing force to the way the actual voters of the country are evolving and the policies they want,” said Ruy Teixeira, a political and demographic expert at the left-leaning Center for American Progress.

Most of the families are clustered around just nine cities. Many are neighbors, living near one another in neighborhoods like Bel Air and Brentwood in Los Angeles; River Oaks, a Houston community popular with energy executives; or Indian Creek Village, a private island near Miami that has a private security force and just 35 homes lining an 18-hole golf course.

More than 50 members of these families have made the Forbes 400 list of the country’s top billionaires, marking a scale of wealth against which even a million-dollar political contribution can seem relatively small. The Chicago hedge fund billionaire Kenneth C. Griffin, for example, earns about $68.5 million a month after taxes, according to court filings made by his wife in their divorce. He has given a total of $300,000 to groups backing Republican presidential candidates. That is a huge sum on its face, yet is the equivalent of only $21.17 for a typical American household, according to Congressional Budget Office data on after-tax income.

The donor families’ wealth reflects, in part, the vast growth of the financial-services sector and the boom in oil and gas, which have helped transform the American economy in recent decades. They are also the beneficiaries of political and economic forces that are driving widening inequality: As the share of national wealth and income going to the middle class has shrunk, these families are among those whose share has grown.

The accumulation of wealth has been particularly rapid at the elite levels of Wall Street, where financiers who once managed other people’s capital now, increasingly, own it themselves. Since 1979, according to one study, the one-tenth of 1 percent of American taxpayers who work in finance have roughly quintupled their share of the country’s income. Sixty-four of the families made their wealth in finance, the largest single faction among the super-donors of 2016.

instead of working their way up to the executive suite at Goldman Sachs or Exxon, most of these donors set out on their own, establishing privately held firms controlled individually or with partners. In finance, they started hedge funds, or formed private equity and venture capital firms, benefiting from favorable tax treatment of debt and capital gains, and more recently from a rising stock market and low interest rates

In energy, some were latter-day wildcatters, early to capitalize on the new drilling technologies and high energy prices that made it economical to exploit shale formations in North Dakota, Ohio, Pennsylvania and Texas. Others made fortunes supplying those wildcatters with pipelines, trucks and equipment for “fracking.”

The families who give do so, to some extent, because of personal, regional and professional ties to the candidates. Jeb Bush’s father made money in the oil business, while Mr. Bush himself earned millions of dollars on Wall Street. Some of the candidates most popular among ultrawealthy donors have also served in elected office in Florida and Texas, two states that are home to many of the affluent families on the list.

the giving, more broadly, reflects the political stakes this year for the families and businesses that have moved most aggressively to take advantage of Citizens United, particularly in the energy and finance industries.

The Obama administration, Democrats in Congress and even Mr. Bush have argued for tax and regulatory shifts that could subject many venture capital and private equity firms to higher levels of corporate or investment taxation. Hedge funds, which historically were lightly regulated, are bound by new rules with the Dodd-Frank regulations, which several Republican candidates have pledged to roll back and which Mrs. Clinton has pledged to defend.

And while the shale boom has generated new fortunes, it has also produced a glut of oil that is now driving down prices. Most in the industry favor lifting the 40-year-old ban on exporting oi

An earlier version of this article stated that the European Court of Justice had "ruled" on this matter. It was in fact an opinion of the Advocate General, which is not binding on the Court. We are happy to make this clear.

As they get older, many children of privilege take either too many risks, because they know the consequences of failure are minimal, or too few, because they feel assured in their financial well-being. Kenny says they, like their parents, can grow bored with one line of work and make consequence-free shifts to other jobs—until finally they reach middle age and discover that they have put together the résumé of a dabbler and haven’t made the impact that they had hoped.

Eventually, Schervish and Kenny say, most wealthy people discover the satisfactions of philanthropy.

wealth isn’t always worthy of envy, and is certainly not worth sacrificing one’s life to attain. “If we can get people just a little bit more informed, so they know that getting the $20 million or $200 million won’t necessarily bring them all that they’d hoped for, then maybe they’d concentrate instead on things that would make the world a better place and could help to make them truly happy,”

they describe an untroubled, unwealthy family that had found a happy medium that many among the super-rich might envy: Having only riches enough to be able to gratify reasonable desires, and yet make their gratifications always a novelty and a pleasure, the family occupied that just mean in life which is so rarely attained, and still more rarely enjoyed without discontent.

If anything, the rich stare into the abyss a bit more starkly than the rest of us. We can always indulge in the thought that a little more money would make our lives happier—and in many cases it’s true. But the truly wealthy know that appetites for material indulgence are rarely sated.

It used to be that only cheap foreign manual labor was easily available; now cheap foreign genius is easily available. This explains why corporations are getting richer and middle-skilled workers poorer. Good jobs do exist, but they require more education or technical skills. Unemployment today still remains relatively low for people with college degrees. But to get one of those degrees and to leverage it for a good job requires everyone to raise their game. It’s hard.

At little Grinnell College in rural Iowa, with 1,600 students, “nearly one of every 10 applicants being considered for the class of 2015 is from China.” The article noted that dozens of other American colleges and universities are seeing a similar surge as well. And the article added this fact: Half the “applicants from China this year have perfect scores of 800 on the math portion of the SAT.”

This globalization/I.T. revolution is also “super-empowering” individuals, enabling them to challenge hierarchies and traditional authority figures — from business to science to government. It is also enabling the creation of powerful minorities and making governing harder and minority rule easier than ever.

So let’s review: We are increasingly taking easy credit, routine work and government jobs and entitlements away from the middle class — at a time when it takes more skill to get and hold a decent job, at a time when citizens have more access to media to organize, protest and challenge authority and at a time when this same merger of globalization and I.T. is creating huge wages for people with global skills (or for those who learn to game the system and get access to money, monopolies or government contracts by being close to those in power) — thus widening income gaps and fueling resentments even more.

the Ryan plan worsens our trillion-dollar structural deficit and the Obama plan amounts to small potatoes, at best. Worse, we are about to descend into class war because the Obama plan picks on the rich when it should be pushing tax increases for all, while the Ryan plan attacks the poor when it should be addressing middle-class entitlements and defense.