Judged from the vantage of macroeconomic indicators, the US economy is, as an economist quoted in the Wall Street Journal put it, “the envy of the world”. But when looking hard at the reality of life and work in the US, all of the economic glitter isn’t gold.
At this week’s Democratic National Convention in Chicago, US Vice President Kamala could have poured kerosene on a puppy and still come out as the liberals’ darling.
The cult of military service sprouted in the era of the volunteer army. While it means that professional politicians like Tim Walz may ride this into the White House with Kamala Harris, for others, it is a road to the graveyard.
Australia’s richest 200 people now own $625 billion in personal wealth, equal to nearly one-quarter of the national economy—a threefold jump from 8 percent twenty years ago.
