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This allowed him to quantify how similar a given hit is to the contemporary popular-music landscape (which he calls “novelty”), and the musical diversity of an artist’s body of work (“variety”).

“Novelty is a double-edged sword,” Berg told me. “Being very different from the mainstream is really, really bad for your likelihood of initially making a hit when you’re not well known. But once you have a hit, novelty suddenly becomes a huge asset that is likely to sustain your success.”

Berg’s research also found that musical variety (as opposed to novelty) was useful for artists before they broke out. But down the line, variety wasn’t very useful, possibly because audience expectations are set by initial hits.

Mass audiences are drawn to what’s familiar, but they become loyal to what’s consistently distinct.

This second finding about the benefits of early variety is similar to a model of creativity known as explore-exploit. The Northwestern University economist Dashun Wang has found that artists and scientists tend to have “hot streaks,” or tight clusters of highly successful work.

Berg’s and Wang’s research suggests three rules of thumb that may come in handy for creative work.

First, extremely new ideas are unlikely to initially find a large audience. But if they break through, artists and entrepreneurs may find that uniqueness is an asset,

Second, early-career exploration can pay dividends in the long run. This is as true of the broader labor force as it is in music. A 2014 study of young workers found that people who switch jobs more frequently early in their career tend to have higher incomes in their prime working years

Third, the difference between one-hit wonders and hitmakers isn’t just novelty; it’s also focus, or what Berg called “relatedness.” Hot streaks require creative people to mine deeply when they find something that works for them.

These newcomers, especially Muslims, are said to be fundamentally opposed to both France and French values. Unless the country turns back the clock, and puts “real” Frenchmen in charge again, it is supposedly doomed. Islamism, Le Pen has argued, is a “totalitarianism” that aims to “subjugate France.”

France’s left rightly rejects both conspiracy theories about a “great replacement” and attempts to blame immigrants for the concentrated poverty that does persist in some French suburbs. But even as it has contested who is to blame for the current malaise, it has, in its own way, mirrored the relentless pessimism of the right.

Many of the loudest left-wing voices in France also depict life in the banlieues as bleak and dystopian.

they, too, give the impression that most immigrants and their descendants are perpetually stuck at the very lowest rungs of society.

American reality is much more hopeful than the pessimistic narratives that are now so fashionable suggest.

This pessimism could not have become so dominant if it did not have roots in reality.

yet, life in contemporary France is much better than the dominant discourse on either the right or the left now seems to suggest. Indeed, France has successfully managed to integrate the majority of its immigrants over the course of the past decades

Far from being stuck in poverty or welfare dependency, most immigrants are experiencing rapid social, economic, and educational mobility. According to one large study by European economists, for example, the children and grandchildren of immigrants are more likely to improve their living conditions than the children and grandchildren of similarly positioned “natives.”

Because of the failure of the French mainstream to contest the pessimistic narrative of the far right, these facts are barely known in the country

Under those circumstances, it is hardly surprising that so many voters are choosing to seek fault with outsiders rather than themselves.M

he difference lies in who is blamed for these dystopian conditions: The real culprits, according to more progressive pessimists, are the incessant discrimination and racism that define contemporary France.

The majority of African Americans are middle-class. Most have completed high school and about half have, if they are below the age of 40, spent some time at a community college or research university. Black Americans are more likely to work in white-collar jobs than in blue-collar ones. They are more likely to get their health insurance from their employers than to either have to purchase it on an open marketplace or be uninsured.

Black Americans are actually more likely than their white fellow citizens to “believe in the American dream” or to say that the country’s best days still lie ahead.

Immigrants fared very well, rapidly boosting their incomes from one generation to the next. And this turned out to be true irrespective of their ethnic or geographical origin. “Children of immigrants from nearly every sending country,” the economists write, “have higher rates of upward mobility than the children of the US-born.”

Right now, the outcome that we have been sliding toward seems one in which an autocratic East gradually divides from — and then potentially accelerates past — a democratic but divided West. 

Seizing that opportunity will require an understanding of both economics and history.

By any economic measure the West is significantly more powerful than the East, using the terms “West” and “East” to mean political alliances rather than just geographical regions. The U.S. and its allies account for 60% of global gross domestic product at current exchange rates; China, Russia and the autocracies amount to barely a third of that. And for the first time in years, the West is coming together rather than falling apart.

The question for Biden and the European leaders he will meet this week is simple: What sort of world do they want to build in the future? Ukraine could well mark the end of one great episode in human history. It could also be the time that the free world comes together and creates another, more united, more interconnected and more sustainable one than ever before

the answer to globalization’s woes isn’t to abandon economic liberalism, but to redesign it. And the coming weeks offer a golden opportunity to redesign the global economic order.

Yet once politicians got out of the way, globalization sped up, driven by technology and commerce.

Only after the Second World War did economic integration resume its advance — and then only on the Western half of the map

What most of us today think of as globalization only began in the 1980s, with the arrival of Thatcherism and Reaganism, the fall of the Berlin Wall, the reintegration of China into the world economy, and, in 1992, the creation of the European single market.

When the guns finally fell silent in 1918 and peace was forced on Germany at Versailles (in the Carthaginian terms that Keynes decried so eloquently), the Bidens, Johnsons and Macrons of the time tried to restore the old world order of free trade and liberal harmony — and comprehensively failed. 

As the new century dawned and an unknown “pro-Western” bureaucrat called Vladimir Putin came to power in Russia, the daily volume of foreign-exchange transactions reached $15 trillion. 

More recently, as the attacks on globalization have mounted, economic integration has slowed and in some cases gone into reverse.

Meanwhile in the West, Ukraine has already prompted a great rethink. As German Chancellor Olaf Scholz has proclaimed, we are at a Zeitenwende — a turning point. Under his leadership, pacifist Germany has already proposed a defense budget that’s larger than Russia’s. Meanwhile, Ukrainian immigrants are being welcomed by nations that only a few months ago were shunning foreigners, and, after a decade of slumber in Brussels, the momentum for integration is increasing.

But this turning point can still lead in several directions.

the invasion of Ukraine is accelerating changes in both geopolitics and the capitalist mindset that are deeply inimical to globalization.

The changes in geopolitics come down to one word: China, whose rapid and seemingly inexorable rise is the central geopolitical fact of our time.  

absent any decisive action by the West, geopolitics is definitively moving against globalization — toward a world dominated by two or three great trading blocs: an Asian one with China at its heart and perhaps Russia as its energy supplier; an American-led bloc; and perhaps a third centered on the European Union, with the Europeans broadly sympathetic to the U.S. but nervous about the possible return of an America-First isolationist to the White House and irked by America’s approach to digital and media regulation.

World trade in manufactured goods doubled in the 1990s and doubled again in the 2000s. Inflationary pressures have been kept low despite loose monetary policies.

From a CEO’s viewpoint, Putin’s invasion of Ukraine has done more than unleash Western embargoes and boost inflation. It is burying most of the basic assumptions that have underlain business thinking about the world for the past 40 years. 

Commercially speaking, this bet paid off spectacularly. Over the past 50 years multinationals have turned themselves from federations of national companies into truly integrated organizations that could take full advantage of global economies of scale and scope (and, of course, global loopholes in taxes and regulations)

Just as important as this geopolitical shift is the change in the capitalist mindset. If the current age of globalization was facilitated by politicians, it has been driven by businesspeople. Ronald Reagan and Margaret Thatcher didn’t decide that the components of an iPhone should come from 40 countries. Facebook wasn’t created by senior politicians — not even by Al Gore. Uber wasn’t an arm of the Department of Transportation. 

profits have remained high, as the cost of inputs (such as energy and labor) have been kept low.

Now what might be called the Capitalist Grand Illusion is under assault in Kyiv — just as Norman Angell’s version was machine-gunned on the Western Front.

Militarism and cultural rivalries keep trumping economic logic.

The second is Biden’s long experience

Every Western company is now wondering how exposed it is to political risk. Capitalists are all Huntingtonians now.

Greed is also acquiring an anti-global tint. CEOs are rationally asking how they can profit from what Keynes called “monopolies, restrictions and exclusions.

So the second age of globalization is fading fast. Unless something is done quickly and decisively, the world will divide into hostile camps, regardless of what happens in Ukraine.

this divided world will not suit the West. Look at the resolution passed by the United Nations General Assembly to condemn Russia’s invasion of Ukraine. The most trumpeted figure is that only 40 countries did not vote for this (35 abstained, and five voted against it), compared with 141 countries who voted in favor. But those 40 countries, which include India and China, account for the majority of the world’s population.

we still have time to shape a very different future: one in which global wealth is increased and the Western alliance bolstered.

One of the great problems with modern liberalism for the past few decades has been its lack of a gripping narrative and a compelling cast of heroes and villains

Now Putin has inadvertently reversed all that. Freedom is the creed of heroes such as Zelenskiy; anti-liberalism is the creed of monsters who drop bombs on children.

Biden can soften that message at home by adding a political dimension to his trade agenda. “Build back better” applies to globalization, too. A global new deal should certainly include a focus on making multinational companies pay their taxes, and the environment should be to the fore. But Biden should also talk about the true cost of protectionism in terms of higher prices, worse products and less innovation.

So far, Biden’s handling of the Ukraine invasion has been similarly nuanced. He has drawn a line between supplying the resistance and becoming involved in the war (or giving others an excuse to claim the U.S. is involved). And he has put firm pressure on China to stay out of the conflict.

Biden needs to recognize that expanding economic interdependence among his allies is a geostrategic imperative. He should offer Europe a comprehensive free-trade deal to bind the West together

It is not difficult to imagine Europe or democratic Asia signing up for these sorts of pacts, given the shock of Putin’s aggression and their fear of China. Biden’s problem is at home. Why should the Democratic left accept this? Because, Biden should say, Ukraine, China and America’s security matter more than union votes.

Biden should pursue a two-stage strategy: First, deepen economic integration among like-minded nations; but leave the door open to autocracies if they become more flexible.

CEOs who used to build empires based on just-in-time production are now looking at just-in-case: adding inefficient production closer to home in case their foreign plants are cut off.

Constructing such a “new world order” will be laborious work. But the alternative is a division of the world into hostile economic and political blocs that comes straight out of the 1930s

Biden, Johnson, Scholz and Macron should think hard about how history will judge them. Do they want to be compared to the policymakers in the aftermath of World War I, who stood by impassively as the world fragmented and monsters seized the reins of power? Or would they rather be compared to their peers after World War II, policymakers who built a much more stable and interconnected world?

The Western policymakers meeting this week will say they have no intention of closing down the global order. All this economic savagery is to punish Putin’s aggression precisely in order to restore the rules-based system that he is bent on destroying — and with it, the free flow of commerce and finance. In an ideal world, Putin would be toppled — the victim of his own delusions and paranoia — and the Russian people would sweep away the kleptocracy in the Kremlin. 

In this optimistic scenario, Putin’s humiliation would do more than bring Russia back to its senses. It would bring the West back as well. The U.S. would abandon its Trumpian isolationism while Europe would start taking its own defense seriously. The culture warriors on both sides of the Atlantic would simmer down, and the woke and unwoke alike would celebrate their collective belief in freedom and democracy.

There’s a chance this could happen. Putin wouldn’t be the first czar to fall because of a misjudged and mishandled war.

Regardless of whether China’s leader decides to ditch Putin, the invasion has surely sped up Xi’s medium-term imperative of “decoupling” — insulating his country from dependence on the West.

For the “wolf pack” of young Chinese nationalists around Xi, the reaction to Ukraine is another powerful argument for self-sufficiency. China’s vast holdings of dollar assets now look like a liability given America’s willingness to confiscate Russia’s assets,

Some Americans are equally keen on decoupling, a sentiment that bridged Republicans and Democrats before Putin’s invasion of Ukraine.

In the great intellectual battle of the 1990s between Francis Fukuyama, who wrote “The End of History and the Last Man” (1992), and his Harvard teacher Samuel Huntington, who wrote “The Clash of Civilizations” (1996), CEOs have generally sided with Fukuyama.

Biden needs to go further in the coming weeks. He needs to reinforce the Western alliance so that it can withstand the potential storms to come

Keynes, no longer a protectionist, played a leading role in designing the International Monetary Fund, the World Bank, and the infrastructure of the postwar Western order of stable exchange rates. He helped persuade the U.S. to lead the world rather than retreating into itself. He helped create the America of the Marshall Plan. This Bretton Woods settlement created the regime that eventually won the Cold War and laid the foundations for the second age of globalization.

At the closing banquet on July 22, the great man was greeted with a standing ovation. Within two years he was dead — but the world that he did so much to create lived on. That world does not need to die in the streets of Kyiv. But it is on course to do so, unless the leaders meeting this week seize the moment to create something better. 

an intriguing possibility: What if the problem isn’t that churches are asking too much of their members, but that they aren’t asking nearly enough?

The Great Dechurching finds that religious abuse and more general moral corruption in churches have driven people away

But Davis and Graham also find that a much larger share of those who have left church have done so for more banal reasons. The book suggests that the defining problem driving out most people who leave is … just how American life works in the 21st century.

Contemporary America simply isn’t set up to promote mutuality, care, or common life. Rather, it is designed to maximize individual accomplishment as defined by professional and financial success

Such a system leaves precious little time or energy for forms of community that don’t contribute to one’s own professional life or, as one ages, the professional prospects of one’s children

Workism reigns in America, and because of it, community in America, religious community included, is a math problem that doesn’t add up.

for most Americans who were once a part of churches but have since left, the process of leaving was gradual, and in many cases they didn’t realize it was even happening until it already had. It’s less like jumping off a cliff and more like driving down a slope, eventually realizing that you can no longer see the place you started from.

a typical evangelical dechurcher: a 30-something woman who grew up in a suburban megachurch, was heavily invested in a campus ministry while in college, then after graduating moved into a full-time job and began attending a young-adults group in a local church. In her 20s, she meets a guy who is less religiously engaged, they get married, and, at some point early in their marriage, after their first or second child is born, they stop going to church. Maybe the baby isn’t sleeping well

In other cases, a person might be entering mid-career, working a high-stress job requiring a 60- or 70-hour workweek. Add to that 15 hours of commute time, and suddenly something like two-thirds of their waking hours in the week are already accounted for. And so when a friend invites them to a Sunday-morning brunch, they probably want to go to church, but they also want to see that friend, because they haven’t been able to see them for months. The friend wins out.

After a few weeks of either scenario, the thought of going to church on Sunday carries a certain mental burden with it—you might want to go, but you also dread the inevitable questions about where you have been.

The underlying challenge for many is that their lives are stretched like a rubber band about to snap—and church attendance ends up feeling like an item on a checklist that’s already too long.

In theory, the Christian Church could be an antidote to all that. What is more needed in our time than a community marked by sincere love, sharing what they have from each according to their ability and to each according to their need, eating together regularly, generously serving neighbors, and living lives of quiet virtue and prayer

A healthy church can be a safety net

Perhaps more important, it reminds people that their identity is not in their job or how much money they make; they are children of God, loved and protected and infinitely valuable.

But a vibrant, life-giving church requires more, not less, time and energy from its members. It asks people to prioritize one another over our career, to prioritize prayer and time reading scripture over accomplishment.

If people are already leaving—especially if they are leaving because they feel too busy and burned out to attend church regularly—why would they want to be part of a church that asks so much of them?

The problem in front of us is not that we have a healthy, sustainable society that doesn’t have room for church. The problem is that many Americans have adopted a way of life that has left us lonely, anxious, and uncertain of how to live in community with other people.

The tragedy of American churches is that they have been so caught up in this same world that we now find they have nothing to offer these suffering people that can’t be more easily found somewhere else

American churches have too often been content to function as a kind of vaguely spiritual NGO, an organization of detached individuals who meet together for religious services that inspire them, provide practical life advice, or offer positive emotional experiences

Too often it has not been a community that through its preaching and living bears witness to another way to live.

The theologian Stanley Hauerwas captured the problem well when he said that “pastoral care has become obsessed with the personal wounds of people in advanced industrial societies who have discovered that their lives lack meaning.” The difficulty is that many of the wounds and aches provoked by our current order aren’t of a sort that can be managed or life-hacked away. They are resolved only by changing one’s life, by becoming a radically different sort of person belonging to a radically different sort of community.

this community was thriving not because it found ways to scale down what it asked of its members but because it found a way to scale up what they provided to one another

Their way of living frees them from the treadmill of workism. Work, in this community, is judged not by the money it generates but by the people it serves. In a workist culture that believes dignity is grounded in accomplishment, simply reclaiming this alternative form of dignity becomes a radical act.

In the Gospels, Jesus tells his first disciples to leave their old way of life behind, going so far as abandoning their plow or fishing nets where they are and, if necessary, even leaving behind their parents. A church that doesn’t expect at least this much from one another isn’t really a church in the way Jesus spoke about it

, it also is likely a church that won’t survive the challenges facing us today.

The great dechurching could be the beginning of a new moment for churches, a moment marked less by aspiration to respectability and success, with less focus on individuals aligning themselves with American values and assumptions

Churches could model better, truer sorts of communities, ones in which the hungry are fed, the weak are lifted up, and the proud are cast down

That, for me, will always be the core of conservatism. Not support for limited government or tax cuts. Not favoring open markets. Not fighting for higher defense budgets

A reactionary, by contrast, is someone who thinks the world has already broken and diverged so radically from the traditions, habits, ideals, norms, and laws that prevailed in the past that the present is a wasteland with nothing worth conserving and handing down.

what’s needed is not greater respect and reverence for the past but rather a radical break from it that amounts to active destruction of the corrupted present before something new and worthwhile can be built in its place

regeneration demands we “go forward—step by step further into decadence.” (Twilight of the Idols, “Skirmishes of an Untimely Man,” Aphorism 43)

a conservative is someone who emphasizes continuity between the present and the past, and therefore sees moral and political commonality across time and underlying the very real changes that take place throughout history

A reactionary, meanwhile, has his eyes focused on perceived moral discontinuities in history. He lives on the lookout for ruptures, fissures, and revolutions that have torn time itself asunder, separated into a Before and an After. There can be no going back, at least not directly, from the present. What we need first is a counter-revolution to turn back the tide and tear down the world that has emerged from the revolutionary exertions of morality’s mortal enemies.

they view conservatives as saps, suckers, and chumps who end up serving as handmaidens to the revolutionaries, following along behind them, urging conciliation and resignation to change. Conservatives are therefore a major part of the problem, not the solution. The point is to win, to wield ruthless, brute power like their revolutionary enemies do, though for contrary moral ends.   

Doctors in the top 10 percent averaged $1.3 million

And those in the top 1 percent averaged an astounding $4 million, though most of that (85 percent) came from business income or capital gains.

In certain specialties, doctors see substantially more in their peak earning years: Neurosurgeons (about $920,000), orthopedic surgeons ($789,000) and radiation oncologists ($709,000) all did especially well for themselves. Specialty incomes cover 2005 to 2017 and are expressed in 2017 dollars.

family-practice physicians made around $230,000 a year. General practice ($225,000) and preventive-medicine ($224,000) doctors earned even less — though that’s still enough to put them at the top of the heap among all U.S. earners.

“There is this sense of, well, if you show that physician incomes put them at the top of the income distribution, then you’re somehow implying that they’re instead going into medicine because they want to make money. And that narrative is uncomfortable to people.”

why did those figures ruffle so many physician feathers?

“You can want to help people and you can simultaneously want to earn money and have a nicer lifestyle and demand compensation for long hours and long training. That’s totally normal behavior in the labor market.”

Yale University economist Jason Abaluck notes that when he asks the doctors and future doctors in his health economics classes why they earn so much, answers revolve around the brutal training required to enter the profession. “Until they finish their residency, they’re working an enormous number of hours and their lifestyle is not the lifestyle of a rich person,” Abaluck told us.

why do physicians make that much?

On average, doctors — much like anyone else — behave in ways that just happen to drive up their income. For example, the economists found that graduates from the top medical schools, who can presumably write their own ticket to any field they want, tend to choose those that pay the most.

“Our analysis shows that certainly physicians respond to earnings when choosing specialties,” Polyakova told us. “And there’s nothing wrong with that, in my opinion.

“In general, U.S. physicians are making about 50 percent more than German physicians and about more than twice as much as U.K. physicians,

Grover said the widest gaps were “really driven by surgeons and a handful of procedural specialties,” doctors who perform procedures with clear outcomes, rather than preventing disease or treating chronic condition

“we’re not about prevention, you know?” he said, noting that his own PhD is in public health. “I wish it was different, but it ain’t!”

The United States has fewer doctors per person than 27 out of 31 member countries tracked by the Organization for Economic Cooperation and Development

In 1970, based on a slightly different measure that’s been tracked for longer, America had more licensed physicians per person than all but two of the 10 countries for which we have data. What caused the collapse?

the United States has far fewer residency slots than qualified med school graduates, which means thousands of qualified future physicians are annually shut out of the residency pipeline, denied their chosen career and stuck with no way to pay back those quarter-million-dollar loans.

“I’d like to see an in-depth analysis of the effect of the government capping the number of residency spots and how it’s created an artificial ‘physician shortage’ even though we have thousands of talented and graduated doctors that can’t practice due to not enough residency spots,”

Such an analysis would begin with a deeply influential 1980 report,

That report, by a federal advisory committee tasked with ensuring the nation had neither too few nor too many doctors, concluded that America was barreling toward a massive physician surplus. It came out just before President Ronald Reagan took office, and the new administration seemed only too eager to cut back on federal spending on doctor-training systems.

ssociation of American Medical Colleges (AAMC), a coalition of MD-granting medical schools and affiliated teaching hospitals, slammed the brakes on a long expansion. From 1980 to around 2004, the number of medical grads flatlined, even as the American population rose 29 percent.

Federal support for residencies was also ratcheted down, making it expensive or impossible for hospitals to provide enough slots for all the medical school graduates hitting the market each year. That effort peaked with the 1997 Balanced Budget Act which, among other things, froze funding for residencies — partially under the flawed assumption that HMOs would forever reduce the need for medical care in America, Orr writes. That freeze has yet to fully unwind.

or decades, many policymakers believed more doctors caused higher medical spending. Orr says that’s partly true, but “the early studies failed to differentiate between increased availability of valuable medical services and unnecessary treatment and services.”

“In reality, the greater utilization in places with more doctors represented greater availability, both in terms of expanded access to primary care and an ever-growing array of new and more advanced medical services,” he writes. “The impact of physician supply on levels of excessive treatment appears to be either small or nonexistent.”

“People have a narrative that physician earnings is one of the main drivers of high health-care costs in the U.S.,” Polyakova told us. “It is kind of hard to support this narrative if ultimately physicians earn less than 10 percent of national health-care expenditures.”

Polyakova and her collaborators find doctor pay consumes only 8.6 percent of overall health spending. It grew a bit faster than inflation over the time period studied, but much slower than overall health-care costs.

Regardless, the dramatic limits on medical school enrollment and residencies enjoyed strong support from the AAMC and the AMA. We were surprised to hear both organizations now sound the alarm about a doctor shortage. MD-granting medical schools started expanding again in 2005.

it’s because states have responded to the shortage by empowering nurse practitioners and physician assistants to perform tasks that once were the sole province of physicians. Over the past 20 years, the number of registered nurses grew almost twice as quickly as the number of doctors, and the number of physician assistants grew almost three times as rapidly, our analysis showed.

While there still aren’t enough residency positions, we’re getting more thanks in part to recent federal spending bills that will fund 1,200 more slots over the next few years.

“If a boy expresses too much emotion or too much need for connection, is too giddy, is too joyful, what we say to that boy is, ‘What are you, a sissy? What are you, a girl? What are you, gay?’” Greene said. “It’s your job to dominate those around you, or you will lose status, and that will increase the number of individuals above you who can dish out dominance to you. And what we find is that in that system, in that structure, men are constantly in competition with each other and constantly driven by this sense of anxiety.”

many boys are raised with what she called “the cowboy mentality — ‘I can do it myself, I don’t need others,’” often perpetuated by “the father wanting the son to man up and not be so soft. … The whole model of getting help is part of so-called femininity.”

As a result, she said, “Women end up being the therapist for their husband, and more are getting sick of it.”

Today, a battle over the face of American masculinity is underway. Popular music, action movies and leaders like former president Donald Trump and Sen. Josh Hawley (R-Mo.), author of the recent book “Manhood: The Masculine Virtues America Needs,” push for a more aggressive model.

“We have all these groups that are just spontaneously coming into being, as men say, ‘I want a circle of men that I can call my brothers, I want a circle of men that I can express what’s going on for me emotionally, and I want a circle of men who will hold me accountable in positive ways,’”

The toll of American loneliness is steep. The condition can increase the risk of premature death to a degree comparable to smoking 15 cigarettes a day and correlates with an increased risk of heart disease, stroke and dementia. “Humans are wired for social connection,” said Murthy, the surgeon general, “but we’ve become more isolated over time.”

“People here have gone through a lot in our lives, some in the last few months. As we move through the world as men, sometimes it can be hard to have a sense of that,” he said. “All that which has been unnamed and unfelt, it’s actually been felt, it just hasn’t been dealt with. We put up a stiff arm and won’t let the other guy into our lane of traffic, we don’t want to make eye contact because if we did, we’d have to let him into our lane and show up really differently in the world.”

As a man, he said, “you can sense that there are deeper things that are happening in men’s lives, but when you bring it up the subject is changed. If guys’ lives are a house, they only let you see the living room with the plastic on the furniture. And you’re like, ‘Hey, I’m hearing some baying in the basement.’ But we don’t talk about that.”

Going around the circle, they began to talk about what lurked in the basement. One had lost his sister a few months earlier. Many talked of fraught or violent relationships with their fathers — or of not having a father around.

The theme of the Journeymen’s gathering in April, their first in-person meeting in D.C. since the pandemic, was “heartbreak and grief.” As the sky turned cobalt, Williamson implored the men to sense their emotions and “let them flow freely,” to raise their voices and “release them into the darkness.”

“I saw guys suffering with their sense of identity, their sense of self-worth, their sense of belonging, their sense of their rights to their pain,” he said. “I’d see a guy who’d be drinking really heavily. … They’d come over and start talking about their relationship or lack of relationship. Next minute they’d sober up, they didn’t want to talk about it anymore.”

Cogan, now 47, had been working through his own personal difficulties: the end of a previous relationship; his at-times fraught relationship with his father; the bullying he had suffered as a child. Now, he said, he was often the only man his male friends were talking to. “My intuition is that I was modeling openness,” he said. “They saw me talk about my relationship, crying, going to therapy. They saw me as a safe harbor.”

For many men, he said, “The world isn’t safe. There’s no expectation that a guy in our culture can say, ‘I’m scared, I’ve got fear.’ There’s no expectation that a guy can ask for safety in our culture. A lot of the guys I know, they can’t even do this with their partner.”

in recent years, Way said, men have witnessed societal movements such as the #MeToo movement and Black Lives Matter, which also challenged old paradigms. “Then covid happens, and we hit the bottom of the barrel on connections,” she noted. “We can’t walk out of our homes. We woke up to see we are a mess, and we’re not having the connections we want, and we’re not actually happy.

The numbers have been steady this year, with no spike in July.

Average global temperature also changes on seasonal basis: Temperatures are higher globally during the Northern Hemisphere’s summer because of more sunlight-trapping land. In this case, the Climate Reanalyzer’s estimated temperatures in early July were skewed by a heat wave in the Antarctic, where areas may have warmed some Antarctic temperatures by as much as 43 degrees. This is likely the explanation for the difference between the 62.6-degree and 57.5-degree estimates.

The Earth and its atmosphere is large and diverse, and no place is meaningfully average.

Moreover, the notion of “average global temperature” is meaningless.

Another problem is that our temperature data are imprecise. It has been estimated that 96% of U.S. temperature stations produce corrupted data. About 92% of them reportedly have a margin of error of a full degree Celsius, or nearly 2 degrees Fahrenheit.

Some executives like Mr. Haeusgen are embracing transformation, testing new strategies and markets. Other businesses, however, are wary of abandoning a model that for decades enabled Germany to thrive but defied change.

Hawe’s handling of international affairs is not just a concern for its 2,700 employees. The economies of some German towns depend on it.

In Kaufbeuren, a brightly painted Bavarian town nestled below the Alps, Hawe is a top employer. In the tiny village of Sachsenkam, 60 miles to the west, Hawe provides 250 jobs — the next largest employer is the local brewery, with a staff of 17.

“It’s like we were successful for too long,” said Stefan Bosse, the mayor of Kaufbeuren, who is keen to attract other businesses to diversify the employers his town relies on. “Now, gradually, we see: ‘Uh oh — this is not a given. This can also be endangered.’

The archetypal Mittelstand company is based in a rural German town, making a piece of equipment few have heard of, but that is crucial for goods worldwide — like a screw needed for every airplane or passenger car.

The government, too, has a poor record in shedding outdated practices — like its labyrinth, paperwork-based bureaucracy. In 2017, it vowed by 2022 to digitalize its 575 most used services, like company registrations. A year past that deadline, said Mr. Bianchi, only 22 percent of those services are online.

“The German business model, particularly Mittelstand, is being extremely good at doing one thing: Slowly but steadily perfecting one product,” said Mathias Bianchi, spokesman for the German Mittelstand Association. “Because that worked so well for years, they had no need to adapt to changes. But now, they need to adjust to the new economic reality.”

Even as the tech revolution and climate change added strain in recent decades, Germany’s model plodded profitably along.

But the pillars it relied on to do that — cheap Russian natural gas and the Chinese market — are collapsing.

Staking out a socioeconomic transformation for the country, pledged by Chancellor Olaf Scholz’s coalition government, has become a source of national anxiety.

Like its population, Germany’s business owners and entrepreneurs are aging — the average Mittelstand association member is 55.

Some are resistant to adapting to new technologies and cling to a loyalty-based system that created lifetime employees — and customers

How Hawe and other midsize German companies navigate these new global forces will be critical to the country’s future prosperity. Though Germany’s 20th century success as the economic powerhouse of Europe is often seen through its biggest brands — like Volkswagen, Mercedes and Siemens — it is small and medium enterprises that are the backbone of its economy.

Such failures makes businesses wary of transformation plans the government says will be costly now, but will make Germany a diversified, digitized and climate neutral economy.

Over half the companies polled did not want to expand in Germany, and a quarter were considering relocating.

Marita Riesner, inspecting parts, said her heating costs spiked to 740 euros ($803) a month from 120 euros ($130). She and her neighbors are growing vegetable gardens to ease the pain of inflation as the country dips into recession.

“I was a very positive thinker before,” she said. “But these days, I’m sweating it. It seems a lot is going wrong.”

Should geopolitical events disrupt business with China, Mr. Haeusgen said, the consequences could eliminate more than half of Hawe’s jobs in Kaufbeuren. Currently, he said, 20 percent of Hawe’s business comes from China.

Some business groups raised alarm in recent years over Germany’s vast exposure to China — before the risks were taken seriously by former chancellor Angela Merkel’s government, which had heavily encouraged German-Chinese trade.

Today, some policymakers privately worry that an event like a Chinese attack on Taiwan would be an inescapable disaster for Germany’s economy. The government is now pushing “de-risking” by finding alternatives to trade with China.

The new socioeconomic model for Germany may be less about erecting pillars than managing an ever more intricate, international juggling act.

German officials say their strategy will maintain ties to China, but will counterbalance that by strengthening relationships with other nations, like India or Vietnam

The Mittelstand is doing the same: Hawe is investing heavily in India, where it plans to build a new plant, and other companies are looking to North America.

“It used to be that we made a majority of sales with three customers from China,” he said. “Now we have many, many smaller customers scattered all over the globe.

Instead of making a few parts at a huge scale, as cheaply as possible, Hawe must make a wide variety of parts for an array of customers, as quickly as possible.

But major brands like Volkswagen and BASF insist that China, as the world’s second-largest economy, is too important a market to give up. Such German-based multinationals are responsible for a 20 percent rise in foreign direct investment in China this year.

“Being able to live with and manage uncertainty and to handle complexity becomes, in my opinion, a core strength,” Mr. Haeusgen said. “The way my grandpa did it won’t work today.”

A high vaccination rate was especially important in Florida, which trails only Maine in the share of residents 65 and older. By the end of July, Florida had vaccinated about 60 percent of adults, just shy of the national average

Had it reached a vaccination rate of 74 percent — the average for five New England states at the time — it could have prevented more than 16,000 deaths and more than 61,000 hospitalizations that summer, according to a study published in the medical journal The Lancet.

in Florida, unlike the nation as a whole — and states like New York and California that Mr. DeSantis likes to single out — most people who died from Covid died after vaccines became available to all adults, not before.

Mr. DeSantis and his aides have said that his opposition was to mandates, not to the vaccinations themselves. They say the governor only questioned the efficacy of the shots once it became evident that they did not necessarily prevent infection — which prompted him to criticize experts and the federal government.

The governor had early success in following his instincts. In 2020, the state supplied its nearly 4,000 long-term care homes with Covid tests and isolated Covid patients, avoiding New York’s mistake of releasing Covid patients from hospitals to nursing homes where they infected others. Florida’s death rate in the pandemic’s first year, adjusted for age, was lower than all but 10 other states’.

Florida was also one of only four states to require schools to hold in-person classes in the fall of 2020, a move that Mr. DeSantis has said defied the nation’s public health experts

In fact, Dr. Anthony S. Fauci, a federal infectious disease expert on former President Donald J. Trump’s task force, said repeatedly that summer and fall that schools could open safely with the right precautions. Nonetheless, facing strong opposition from teachers’ unions, nearly three-fourths of the nation’s 100 largest school districts offered only remote learning that fall.

At the same time, though, the governor was embracing more extreme views, including those of Dr. Scott W. Atla

Both he and Dr. Bhattacharya argued that people who were not at risk of severe consequences should not face Covid restrictions. If they were infected, they would develop natural immunity, which would eventually build up in the population and cause the virus to fade away, they said.

Many public health experts were alarmed by this strategy, which was articulated in a document known as the Great Barrington Declaration. They said it would be impossible to ring-fence the vulnerable, or even to clearly communicate to the public who they were. Besides older Americans, as many as 41 million younger adults were considered to be at high risk of severe disease if infected because of underlying medical conditions like obesity.

Dr. Atlas, however, argued that the virus was not dangerous to an overwhelming majority of Americans. Both he and Dr. Bhattacharya said the Covid death rate for everyone under 70 was very low. Dr. Atlas claimed that children had “virtually zero” risk of death.

As of this summer, more than 345,000 Americans under 70 have died of the virus, and more than 3.5 million have been hospitalized

The disease has killed nearly 2,300 children and adolescents, and nearly 200,000 have been hospitalized.

Mr. DeSantis gave him a platform at a series of public events in Florida at the end of the summer of 2020. He would go on to echo Dr. Atlas’s views, sometimes in modified form, throughout the pandemic.

Mr. DeSantis subsequently promoted the shots in 27 counties. Florida offered the vaccine to everyone 65 and older, an eligibility system simpler than an early one recommended by the Centers for Disease Control and Prevention, and adopted by many states, that prioritized essential workers and those over 75.

But his enthusiasm for shots waned fast, tracking the growing hostility toward them among the party’s conservative activists. In late February, when Mr. DeSantis hosted a gathering of such activists for the Conservative Political Action Conference in Orlando, he boasted that Florida was an “oasis of freedom” in a nation led by misguided health authorities.

By the time all adults became eligible for the vaccines in April of that year, Mr. DeSantis was rarely promoting them.

“Some are choosing not to take it, which is fine,” he said in March, at a 100-minute public event on Covid in which he did not once urge people to get vaccinated. In dozens of appearances on Fox News in the first half of 2021, he was carefully neutral about shots, except for those over 65.

“Younger people are just simply at very little risk for this,”

A few months later, he told Fox News that he had concluded early on that Covid “was something that was risky for elderly people,” but that it posed minimal risks for people “who were in reasonably good health, who were, say, under 50.”

The data-driven governor also turned away from Covid case data.

In May 2021, Florida closed its 27 state-run testing centers. The next month, on orders from the governor’s office, the Health Department halted daily reports on infections and deaths, switching to weekly reports that drew less attention.

Both polls and political events showed that Republicans were not as excited as Democrats about the shots. At an Alabama political rally that August, Mr. Trump recommended the vaccine — and was booed. When a reporter asked Mr. DeSantis later that year if he had gotten a booster shot, he responded that he had gotten “the normal shot.”

After the highly contagious Delta variant began spreading in Florida that summer, Mr. DeSantis insisted that his approach had worked. Younger adults were driving the surge but “they’re not getting really sick from it or anything,” he said, adding: “They will develop immunity as a result of those infections.”

But they were getting sick. And vaccinations, which Mr. DeSantis suddenly began recommending again in late July, took weeks to confer protection

With hospitalizations rising, he began a campaign to offer monoclonal antibody treatments — a triage response to the pandemic’s frightening resurgence.

The drug cost vastly more than shots and required more medical staff to administer. Within about six weeks, the state had administered more than 90,000 treatments and probably kept 5,000 people out of the hospital, Dr. Rivkees said.

Mr. DeSantis accused the media in early August of “lying” about Covid patients’ flooding hospitals. Two weeks later, Mary C. Mayhew, head of the Florida Hospital Association, said: “There can be no question that many Florida hospitals are stretched to their absolute limits.”

“Our patients are younger and sicker,” Mr. Smith wrote. Of 17 patients on ventilators in intensive care on Aug. 13, 2021, more than half were younger than 55. Only one was vaccinated.

“People say that the decision about vaccination is a personal one and it doesn’t affect anyone else,” Mr. Smith wrote. “Tell that to the kids who lost their mom.”

When shots became available last year for children under 5, Florida did not preorder them because, Mr. DeSantis said, he did not consider them “appropriate.” Florida’s vaccination rates are well below the national average for children under 5. The state also trails in booster shots.

After Dr. Ladapo issued misleading claims about the risks of Covid shots for young men, the heads of the C.D.C. and the Food and Drug Administration sent a scathing four-page rebuttal. Such misinformation “puts people at risk of death or serious illness,” they said.

While the pandemic waned, leaving more than 80,000 Floridians and 1.13 million Americans dead, the governor continued to push policies that kept him at the vanguard of the anti-vaccine and anti-mandate conversation. A new state law, signed by Mr. DeSantis in May, bans government agencies, businesses and schools from requiring Covid testing, vaccination or mask wearing.

“Everything involving Covid — I think there needs to be major, major accountability,” he said in Iowa this month. “Because if there’s not, if you don’t have a reckoning, they are going to do it again.”

This, it strikes me, is not only a political choice, but a reneging on a historical deal, forged in the colossal upheavals of the Enlightenment, the Industrial Revolution, and revolution in England, the US and Europe.

You can hear the language and logic of this economic dictatorship everywhere. Tony Blair tells us that with an ageing population, a climate crisis, higher debt interest and an economic workforce increasingly constrained in its ability to seek services such as housing and healthcare outside the public sector, we should be ready to not wait for the NHS and use private health providers for minor health matters, and that we should ultimately be “taxing less and spending less”.

The result is a sort of ambient autocracy, where personal choices are increasingly dictated by forces that you had no say in creating and have no means of overthrowing.

The trade-off was that we would lose the traditional supports and solaces of rural values and extended families, but become free from their prejudices and patriarchies, and the associated economic and political exploitations of a hierarchical system that was skewed to landowners, rent seekers and those imbued with authority because of where they were born in that hierarchy.

to choose how to live our lives. “The only freedom which deserves the name,” wrote John Stuart Mill, “is that of pursuing our own good, in our own way, so long as we do not attempt to deprive others of theirs, or impede their efforts to obtain it.”

That good is now increasingly limited to those who can afford it – who can purchase the liberty to love, leave and leisure, and the right to indulge in creative work and expression.

The rest are caught in a halfway house between the old and new worlds.

Bereft of the support and proximity of family and community, people are deprived of the social safety net that was supposed to replace it, increasingly having to fork out funds for childcare, subsidising boomeranging single children and elderly parents while paying tax, or fretting about their fates in a cutthroat housing market and a scandalously underfunded care system.

Anything that disturbs this tenuous balance cannot be contemplated, so the shackles to partners, employers and imperfect domestic arrangements grow ever tighter.

I grew up in the old world and saw only its limitations, chafing against it and impatient for some individual autonomy. My mother had four children, working throughout her childbearing years as a school teacher, only able to go back to work because, with each child, a new family member would move in, or move back in, to help. They joined others who lived with us on and off over the years when they needed housing.

My parents were distant but seemed to be broadly content figures, either at work or obscured by a blur of relatives they were constantly entertaining, feeding or cleaning up after in a gaggle of chat, laughter and gossip. The price for that mutual communal facilitation was paid in other ways – a violating lack of privacy and personal space, and a sense that everyone’s lives, in their most private and intimate detail, were the subject of others’ opinions and policing. It was a “gilded cage”, as it is called in Orientalist literature

In hindsight now, and in adulthood and parenthood, having experienced both in the new world, I can see that gilded cages come in many forms

That small dip may reflect preoccupation with economic doldrums unleashed by covid-19

While that 50 percent could be higher, the issue has seen a 21-point shift, and the polling question asks if respondents want action on climate “even at the expense of economic growth.”

while 54 percent of young voters believed in 2010 that abortion should be legal in most or all cases, that’s up to 69 percent this year.

Demographer William Frey and his colleagues calculate that by the 2036 presidential race, Gen Z will represent 35 percent of eligible voters. “They’re growing up in a 21st century America that’s far more diverse, inclusive and globally connected than the 1950s and 1960s America of the GOP base,” Frey told me. “They’re going to shun the Republican Party as they get older.”

There are major caveats. President Biden’s approval among young people remains stubbornly low

There’s some evidence that the young voters who elected Barack Obama have become somewhat more conservative as they’ve aged, which could happen again

The Institute of Student Employers records that a declining half of firms now ask for a class of degree, and a quarter explicitly state “no minimum requirements”

The age-old debate over whether a university is really an investment, personal or national, as opposed to a middle-class finishing school has never been resolved. British graduates on average earn £10,000 more than their non-graduate contemporaries, but surely some students might have done equally well with the same number of years’ work under their belts, perhaps studying a favourite subject part- or full-time later in life.

Literacy rates rose alongside industrialization, although those who decided what the newspapers printed and what people were allowed to say on the radio, and then on television, were hugely powerful. But with the rise of scientific knowledge and the spread of telecommunications came a time of multiple sources of information and many rival ways to process facts and reason out implications.

With the emergence of A.I., we are about to regress even further. Some of this has to do with the nature of the technology. Instead of assessing multiple sources, people are increasingly relying on the nascent technology to provide a singular, supposedly definitive answer.

This technology is in the hands of two companies that are philosophically rooted in the notion of “machine intelligence,” which emphasizes the ability of computers to outperform humans in specific activities.

This philosophy was naturally amplified by a recent (bad) economic idea that the singular objective of corporations should be to maximize short-term shareholder wealth.

Combined together, these ideas are cementing the notion that the most productive applications of A.I. replace humankind.

Congress needs to assert individual ownership rights over underlying data that is relied on to build A.I. systems

Fortunately, Marx was wrong about the 19th-century industrial age that he inhabited. Industries emerged much faster than he expected, and new firms disrupted the economic power structure. Countervailing social powers developed in the form of trade unions and genuine political representation for a broad swath of society.

History has repeatedly demonstrated that control over information is central to who has power and what they can do with it.

Generative A.I. requires even deeper pockets than textile factories and steel mills. As a result, most of its obvious opportunities have already fallen into the hands of Microsoft, with its market capitalization of $2.4 trillion, and Alphabet, worth $1.6 trillion.

At the same time, powers like trade unions have been weakened by 40 years of deregulation ideology (Ronald Reagan, Margaret Thatcher, two Bushes and even Bill Clinton

For the same reason, the U.S. government’s ability to regulate anything larger than a kitten has withered. Extreme polarization and fear of killing the golden (donor) goose or undermining national security mean that most members of Congress would still rather look away.

To prevent data monopolies from ruining our lives, we need to mobilize effective countervailing power — and fast.

Today, those countervailing forces either don’t exist or are greatly weakened

Rather than machine intelligence, what we need is “machine usefulness,” which emphasizes the ability of computers to augment human capabilities. This would be a much more fruitful direction for increasing productivity. By empowering workers and reinforcing human decision making in the production process, it also would strengthen social forces that can stand up to big tech companies

We also need regulation that protects privacy and pushes back against surveillance capitalism, or the pervasive use of technology to monitor what we do

Finally, we need a graduated system for corporate taxes, so that tax rates are higher for companies when they make more profit in dollar terms

Our future should not be left in the hands of two powerful companies that build ever larger global empires based on using our collective data without scruple and without compensation.

with those often-invisible systems that we take for granted until they fail, such as the electrical grid or medical implants, pharmaceuticals and the blood supply.

It’s possible to see a future in which we are dependent on the perfect, continuous performance of air conditioning the way many people are dependent on lifesaving drugs, planes are dependent on air traffic control, and a colony on the moon or Mars would be dependent on perpetual sources of oxygen and water.

AC’s basic trajectory has been from a curiosity and luxury to an amenity to a necessity. It has changed how we live and where we live, and reconfigured our cities, houses, politics and identity. And now it is bound up with our hope for survival as a species.

Where would we be without it? Much of the South would be poorer than it is now, and isolated, with high mortality rates and lower educational achievement. There would be no skyscrapers in Atlanta, no high-rise apartment buildings in Dallas and Houston. In our hottest states, including the Sun Belt, public institutions, including universities, libraries and entertainment venues, would be fewer and more minimally developed.

Entertainment would still be seasonal. City theaters would close as temperatures rise, and music, drama and the movies would migrate outdoors. Many of the products we take for granted, including textiles and foodstuffs that rely on atmospheric controls or refrigeration, would be of far inferior quality and much more expensive.

Architecture would look very different, at least for those who could afford such niceties as higher ceilings, wider eaves and more sharply pitched roofs (all of which can passively cool a house). The picture window — a source not just of light but also of heat, and which can’t be opened for ventilation — would not be a key element of suburban design.

The ranch house, with thin walls and low ceilings, laid out in relentless grids across the Sun Belt since the 1950s and immortalized in the haunting photographs of Robert Adams, wouldn’t define the vernacular architecture of America.

The net migration from the South, which continued from the Civil War until around 1964 (when air conditioning was well established in the country’s hottest states), would be ongoing.

air conditioning increased political polarization, with an influx of Northern Republicans into the South, and a resorting of the Democrats into a northern, more progressive, urban party without a conservative Dixiecrat wing.

It may have also changed the way women conceive of feminism and liberation from patriarchy, from a model based on independence and working outside the home in the early 20th century to one structured around the supposed leisure offered by the modern, air-conditioned tract home in the middle of the century.

Less tangible are the poetic details of life before AC that are embedded in art and literature. Staying cool in hot weather was often a social experience, a collective lethargy that brought one closer to family and community

Throughout the history of mechanical ventilation and “comfort cooling,” there was resistance to innovation, with a vocal and determined “open air” movement that opposed mechanical ventilation in public schools.

We are talking about the problems of women and girls at a much higher level than we are about boys and men. We need to identify the problems and work out what we want the future to look like for men in a way that women have already done for themselves.

What should the future look like for men? It feels that every so often a book about men comes out and a small conversation flares up, and the conclusion, usually, is, “It’s a thing you should sort out yourselves, men!” There’s no sense of a continuing conversation; of there being a new pantheon of men being invented all the time;1 1 Moran cited the pop star Harry Styles and the British soccer player Marcus Rashford as contemporary public figures who are expanding ideas about masculinity. then those inventions’ embedding themselves more firmly in the mainstream

my book is going: “I can see what is happening in women’s lives and how it’s benefited us. There is something equivalent that you men can do. Why don’t you give it a go?”

The thing that I observe in younger women and activists is that they’re scared of going online and using the wrong word or asking the wrong question. As a result, we’re not having the free flow of ideas and questions that makes a movement optimal. We appear to have reinvented religion to a certain extent: the idea that there is a sentient thing watching you and that if you do something wrong, it will punish you. God is very much there in social media

So they are quite rightly going, “Who’s going to say something good about the men?” The people that they’ve seen are Andrew Tate.2

Men on the liberal left, while feminism was having this massive movement, they were like, OK, we’re not going to start talking about men while this is happening. They sat it out for a decade, and now their sons have grown up in an era where they have heard people go, “Typical straight white men; toxic masculinity,” and those sons are like, “[expletive] this,” because they don’t see what a recent corrective feminism is to thousands of years of patriarchy. They have only ever known people saying, “The future is female.

What’s an idea that people are afraid to talk about more openly? Trans issues. In the U.K., you are seen to be on one of two sides. It’s the idea that you could be a centrist and talk about it in a relaxed, humorous, humane way that didn’t involve two groups of adults tearing each other to pieces on the internet.

What does it mean to be a centrist on trans issues? In the U.K., you are either absolutely 100 percent pro trans rights, or you would be a TERF8 8 Trans-exclusionary radical feminist. going: “You are just men with your cocks torn off. You’re either born a woman or you are not.” The idea that you can go in the middle and go, “Let’s look at facts and research and talk to people”?

You can’t ask those kinds of questions or look for those statistics. If you say anything about this issue, you are claimed by one side or the other.

By presenting Musk’s mindset as fully formed and his behavior as unalterable, Isaacson’s book doesn’t give us many tools for the future—besides, perhaps, being able to rank the next Musk blowup against a now well-documented history of such incidents.

Instead of narrowing our critical lens to Musk’s brain, we need to widen it, in order to understand the consequences of his influence. Only then can we challenge him to do right by his power.

the major transactions currently conducted with crypto may be remittances from rich countries to developing economies and emerging markets, and capital flight in the other direction. In both cases, the parties’ desire to avoid exchange controls and taxes implies a premium on anonymity.

On the other hand, Vitalik Buterin, the co-founder of the ethereum blockchain and one of the crypto industry’s most influential thinkers, has argued that the real lesson of FTX’s collapse is that crypto needs to return to its decentralised roots

The problem with having only decentralised exchanges is their inefficiency compared with, say, Visa and Mastercard, or normal bank transactions in advanced economies.

It is certainly possible that ways to duplicate the speed and cost advantages of centralised exchanges eventually will be found. But this seems unlikely in the foreseeable future, making it hard to see why anyone not engaged in tax and regulatory evasion (not to mention crime) would use crypto

Perhaps regulators should push toward decentralised equilibrium by requiring that exchanges know the identity of anyone with whom they transact, including on the blockchain. Although this may sound innocent, it would make it rather difficult to trade on the anonymous blockchain on behalf of an exchange’s customers.

rather than simply banning crypto intermediaries, many countries may ultimately try to ban all crypto transactions, as China and a handful of developing economies have already done. Making it illegal to transact in bitcoin, ethereum and most other crypto would not stop everyone, but it would certainly constrain the system. Just because China was among the first does not make the strategy wrong, especially if one suspects that the main transactions relate to tax evasion and crime, akin to large denomination paper currency notes such as the $100 bill.

Eventually, many other countries are likely to follow China’s lead. But it is unlikely that the most important player, the US, with its weak and fragmented crypto regulation, will undertake a bold strategy any time soon. FTX may be the biggest scandal in crypto so far; sadly, it is unlikely to be the last.

With respect to crime, poverty and homelessness, Brown argued,One thing that may occur is that disinvestment in city downtowns will alter the spatial distribution of these elements in cities — i.e. in which neighborhoods or areas of a city is crime more likely, and homelessness more visible. Urban downtowns are often policed such that these visible elements of poverty are pushed to other parts of the city where they will not interfere with commercial activities. But absent these activities, there may be less political pressure to maintain these areas. This is not to say that the overall crime rate or homelessness levels will necessarily increase, but their spatial redistribution may further alter the trajectory of commercial downtowns — and the perception of city crime in the broader public.

“The more dramatic effects on urban geography,” Brown continued,may be how this changes cities in terms of economic and racial segregation. One urban trend from the last couple of decades is young white middle- and upper-class people living in cities at higher rates than previous generations. But if these groups become less likely to live in cities, leaving a poorer, more disproportionately minority population, this will make metropolitan regions more polarized by race/class.

the damage that even the perception of rising crime can inflict on Democrats in a Nov. 27 article, “Meet the Voters Who Fueled New York’s Seismic Tilt Toward the G.O.P.”: “From Long Island to the Lower Hudson Valley, Republicans running predominantly on crime swept five of six suburban congressional seats, including three that President Biden won handily that encompass some of the nation’s most affluent, well-educated commuter towns.

In big cities like New York and San Francisco we estimate large drops in retail spending because office workers are now coming into city centers typically 2.5 rather than 5 days a week. This is reducing business activity by billions of dollars — less lunches, drinks, dinners and shopping by office workers. This will reduce city hall tax revenues.

Public transit systems are facing massive permanent shortfalls as the surge in working from home cuts their revenues but has little impact on costs (as subway systems are mostly a fixed cost. This is leading to a permanent 30 percent drop in transit revenues on the New York Subway, San Francisco Bart, etc.

These difficulties for cities will not go away anytime soon. Bloom provided data showing strong economic incentives for both corporations and their employees to continue the work-from-home revolution if their jobs allow it:

First, “Saved commute time working from home averages about 70 minutes a day, of which about 40 percent (30 minutes) goes into extra work.” Second, “Research finds hybrid working from home increases average productivity around 5 percent and this is growing.” And third, “Employees also really value hybrid working from home, at about the same as an 8 percent pay increase on average.

three other experts in real estate economics, Arpit Gupta, of N.Y.U.’s Stern School of Business, Vrinda Mittal, both of the Columbia Business School, and Van Nieuwerburgh. They anticipate disaster in their September 2022 paper, “Work From Home and the Office Real Estate Apocalypse.”

“Our research,” Gupta wrote by email,emphasizes the possibility of an ‘urban doom loop’ by which decline of work in the center business district results in less foot traffic and consumption, which adversely affects the urban core in a variety of ways (less eyes on the street, so more crime; less consumption; less commuting) thereby lowering municipal revenues, and also making it more challenging to provide public goods and services absent tax increases. These challenges will predominantly hit blue cities in the coming years.

the three authors “revalue the stock of New York City commercial office buildings taking into account pandemic-induced cash flow and discount rate effects. We find a 45 percent decline in office values in 2020 and 39 percent in the longer run, the latter representing a $453 billion value destruction.”

Extrapolating to all properties in the United States, Gupta, Mittal and Van Nieuwerburgh write, the “total decline in commercial office valuation might be around $518.71 billion in the short-run and $453.64 billion in the long-run.”

the share of real estate taxes in N.Y.C.’s budget was 53 percent in 2020, 24 percent of which comes from office and retail property taxes. Given budget balance requirements, the fiscal hole left by declining central business district office and retail tax revenues would need to be plugged by raising tax rates or cutting government spending.

Since March 2020, Manhattan has lost 200,000 households, the most of any county in the U.S. Brooklyn (-88,000) and Queens (-51,000) also appear in the bottom 10. The cities of Chicago (-75,000), San Francisco (-67,000), Los Angeles (-64,000 for the city and -136,000 for the county), Washington DC (-33,000), Seattle (-31,500), Houston (-31,000), and Boston (-25,000) make up the rest of the bottom 10.

Prior to the pandemic, these ecosystems were designed to function based on huge surges in their daytime population from commuters and tourists. The shock of the sudden loss of a big chunk of this population caused a big disruption in the ecosystem.

Just as the pandemic has caused a surge in telework, Loh wrote, “it also caused a huge surge in unsheltered homelessness because of existing flaws in America’s housing system, the end of federally-funded relief measures, a mental health care crisis, and the failure of policies of isolation and confinement to solve the pre-existing homelessness crisis.”

The upshot, Loh continued,is that both the visibility and ratio of people in crisis relative to those engaged in commerce (whether working or shopping) has changed in a lot of U.S. downtowns, which has a big impact on how being downtown ‘feels’ and thus perceptions of downtown.

The nation, Glaeser continued, isat an unusual confluence of trends which poses dangers for cities similar to those experienced in the 1970s. Event#1 is the rise of Zoom, which makes relocation easier even if it doesn’t mean that face-to-face is going away. Event#2 is a hunger to deal with past injustices, including police brutality, mass incarceration, high housing costs and limited upward mobility for the children of the poor.

Progressive mayors, according to Glaeser,have a natural hunger to deal with these problems at the local level, but if they try to right injustices by imposing costs on businesses and the rich, then those taxpayers will just leave. I certainly remember New York and Detroit in the 1960s and 1970s, where the dreams of progressive mayors like John Lindsay and Jerome Patrick Cavanagh ran into fiscal realities.

Richard Florida, a professor of economic analysis and policy at the University of Toronto, stands out as one of the most resolutely optimistic urban scholars. In his August 2022 Bloomberg column, “Why Downtown Won’t Die,”

His answer:

Great downtowns are not reducible to offices. Even if the office were to go the way of the horse-drawn carriage, the neighborhoods we refer to today as downtowns would endure. Downtowns and the cities they anchor are the most adaptive and resilient of human creations; they have survived far worse. Continual works in progress, they have been rebuilt and remade in the aftermaths of all manner of crises and catastrophes — epidemics and plagues; great fires, floods and natural disasters; wars and terrorist attacks. They’ve also adapted to great economic transformations like deindustrialization a half century ago.

Florida wrote that many urban central business districts are “relics of the past, the last gasp of the industrial age organization of knowledge work the veritable packing and stacking of knowledge workers in giant office towers, made obsolete and unnecessary by new technologies.”

“Downtowns are evolving away from centers for work to actual neighborhoods. Jane Jacobs titled her seminal 1957 essay, which led in fact to ‘The Death and Life of Great American Cities,’ ‘Downtown Is for People’ — sounds about right to me.”

Despite his optimism, Florida acknowledged in his email thatAmerican cities are uniquely vulnerable to social disorder — a consequence of our policies toward guns and lack of a social safety net. Compounding this is our longstanding educational dilemma, where urban schools generally lack the quality of suburban schools. American cities are simply much less family-friendly than cities in most other parts of the advanced world. So when people have kids they are more or less forced to move out of America’s cities.

What worries me in all of this, in addition to the impact on cities, is the impact on the American economy — on innovation. and competitiveness. Our great cities are home to the great clusters of talent and innovation that power our economy. Remote work has many advantages and even leads to improvements in some kinds of knowledge work productivity. But America’s huge lead in innovation, finances, entertainment and culture industries comes largely from its great cities. Innovation and advance in. these industries come from the clustering of talent, ideas and knowledge. If that gives out, I worry about our longer-run economic future and living standards.

The risk that comes with fiscal distress is clear: If city governments face budget shortfalls and begin to cut back on funding for public transit, policing, and street outreach, for the maintenance of parks, playgrounds, community centers, and schools, and for services for homelessness, addiction, and mental illness, then conditions in central cities will begin to deteriorate.

There is reason for both apprehension and hope. Cities across time have proven remarkably resilient and have survived infectious diseases from bubonic plague to cholera to smallpox to polio. The world population, which stands today at eight billion people, is 57 percent urban, and because of the productivity, innovation and inventiveness that stems from the creativity of human beings in groups, the urbanization process is quite likely to continue into the foreseeable future. There appears to be no alternative, so we will have to make it work.

This isn’t an American crisis alone. All around the world, developed nations have locked themselves into unsustainable, energy-intensive lifestyles.

Among those with the largest footprints are wealthy oil-producing microstates with small populations, like Qatar or Trinidad and Tobago, where the per-capita footprint pushes 60 tons

In the next tier, with the United States, are other sprawling, continent-size countries that use a lot of heating or cooling and where people tend to drive long distances, such as Canada and Australia (around 20 tons)

By dint of their density and reliance on mass transit, nations in Western Europe (as well as Japan and South Korea) make up most of the next tier, which cleaves roughly into two groups: places like Germany, Norway and the Netherlands that rely more on fossil fuels (around 15 tons),

places like the United Kingdom, Denmark and France that use a higher percentage of nuclear and renewable power. Though it’s half the size of an American’s, the footprint of someone in the typical French household still remains unsustainably high: around nine tons.

This is the paradox at the heart of climate change: We’ve burned far too many fossil fuels to go on living as we have, but we’ve also never learned to live well without them

the problem of the future is how to create a 19th-century carbon footprint without backsliding into a 19th-century standard of living. N

The greatest crisis in human history may require imagining ways of living — not just of energy production but of daily habit — that we have never seen before. How do we begin to imagine such a household?

With a carbon footprint hovering around the global median of 4.5 tons per capita, it falls within a narrow tier of nearly developed countries within sight of two tons per capita — the estimated amount needed to limit the world to 1.5 degrees Celsius of warming.

There are countries more prosperous, and countries with a smaller carbon footprint, but perhaps in none do the overlapping possibilities of living well and living without ruin show as much promise as in Uruguay.

Mujica harbored another deeper belief too. For years, he had been arguing that the “blind obsession to achieve growth with consumption” was the real cause of the linked energy and ecological crises.

In speeches, he pushed his people to reject materialism and embrace Uruguay’s traditions of simplicity and humility. “The culture of the West is a lie,” he told me. “The engine is accumulation. But we can’t pretend that the whole world can embrace it. We would need two or three more planets.”

He shared his own experience in solitary confinement, and how years without books or conversation drew him closer to the fundamentals of being: nature, love, family. “I learned to give value to little things in life. I kept some frogs as pets in prison and bathed them with my drinking water,”

“The true revolution is a different culture: learning to live with less waste and more time to enjoy freedom.”

By 2016, an array of biomass, solar and some 50 wind parks had replaced the grid’s use of oil, helping slash more than half a billion dollars from the country’s annual budget. Today, Uruguay boasts one of the world’s greenest grids, powered by 98 percent renewable energy.

prevailing economic conditions and something in Uruguay’s character had afforded the transition more receptivity than anyone predicted. This was one way in which a career in theoretical physics prepared Méndez for the world of policymaking, he said: “You have to be open to the solutions being very narrow and technical, or very wide and human.”

as the energy sector shifted, the mind-set in the country began to shift with it, Méndez said, sometimes in surprising ways. Some bought air-conditioning units, but many kept to their formerly low-consumption habits, continuing to hang their laundry and take the bus, dozens of which in Montevideo were now electric. Others bought plug-in timers to automate their laundries to run at night or installed solar water heaters on their roof

for Méndez, the biggest shift was among leaders. In cabinet and business meetings the problems of the future — like how to eliminate industrial waste and phase out gas entirely — began to feel like just that, he said: problems, not crises.

there appeared to be fundamental tension in how to bring Uruguayans along in the energy transition. On the one hand, the infrastructure shift needed to happen in the background, so the public never lost confidence in the grid — that part had been surprisingly smooth. But on the other hand, it was important to keep people engaged so they would support the necessary changes to come

Emaldi and her colleagues focused their efforts on electrifying transportation and growing the green-energy sector. The government eliminated duties and taxes on electric cars and rebranded a tax on gas as a CO2 tax, with a portion funding green initiatives.

“What comes in the near future will change more lives,” Minister Paganini told me. “You have to get into sectors or areas that are much more difficult than just changing the generation of electricity.” You need to change human behavior.

fossil fuels gave humanity the ability to choose our food, to transform a rainforest or windblown desert into something fertile and constant, a biotic vending machine from which eaters can select whatever they want whenever they want it. This choice now drives about a third of all global emissions. Most of them stem from the growing process itself — clearing land, fertilizing crops — with the bulk of the rest coming indirectly from the vast web of manufacturing and delivery systems that bring it to us: packaging crackers, refrigerating drumsticks, airlifting avocados.