April 2012
27 posts
Pretty good analysis of the Red Sox.
Because information is now mostly weightless, there just is no space for an industry that relies on physical media as the lynchpin of their success. When these industries disappear, it won’t be necessary to shed a tear for them because the real product they dealt in, information, will still exist. The delivery method will have changed, that is all.
Bryan goes on to lament the demise of newspapers. I can’t see how newspapers are exempt from the above concept.
The president is barnstorming around the nation hoping to enrage voters at the injustice that the wealthy pay fewer taxes than the middle class. “Now that’s wrong,” Obama objected, “That’s not fair.”
It also isn’t true. According to the National Taxpayers Union, in 2009, the top 1 percent of earners paid 36.7 percent of income taxes. The top 5 percent paid 58.6 percent. And the top 10 percent paid more than 70 percent. Social Security and Medicare taxes fall more evenly on all income groups (except the poor) but are lower. Further, Obama had the opportunity to repeal the Bush tax cuts he claims to find so odious when his party controlled both houses of Congress, but he chose to extend them instead.
” —You Pay for Warren Buffett’s Medicare - Mona Charen - Townhall Conservative Columnists - Page 1I figured the best way to beat the stereotype was to not act like one.
So guess what? I did. I went to school and did well. I didn’t carry myself in a manner where I could be mistaken for a suspect by the police. I never shot anybody. I didn’t have children with anyone I wasn’t married to. I spoke English like it was my first language. I didn’t wear my pants around my knees. I didn’t embarrass my parents or anyone else who fought in the civil rights movement, which helped create opportunities for me to take advantage of. I took personal responsibility for my actions. And I made it a point to look for a wife with a Bluetooth and not a gold tooth. Ironically, I ended up getting more grief from black liberals because my name is Abdul and my politics are more conservative than they feel comfortable with. Go figure.
His work leaves the impression that there are two interrelated American economies. On the one hand, there is the globalized tradable sector — companies that have to compete with everybody everywhere. These companies, with the sword of foreign competition hanging over them, have become relentlessly dynamic and very (sometimes brutally) efficient.
On the other hand, there is a large sector of the economy that does not face this global competition — health care, education and government. Leaders in this economy try to improve productivity and use new technologies, but they are not compelled by do-or-die pressure, and their pace of change is slower.