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Los Angeles, California, United States
The blog 'Breaking Bread' is for a civil general discussion, like you might have at the dinner table with guests. The posts 'Economics Without the B.S.' are intended for a general audience that wouldn't have to know the difference between a Phillips Curve, a Laffer Curve, or a Cole Hamels Curve. Vic Volpe was formally educated at Penn State and the University of Scranton, with major studies in History, Economics and Finance, and Business; and, is self-educated since by way of books and on-line university courses. His practical education came from sixty years of work experience in the blue-collar trades as well as a white-collar professional career -- a white-collar professional career in production and R&D. In his professional career and as a long-haul trucker, he has traveled throughout the lower forty-eight. From his professional career alone he has visited many manufacturing plants in the United States, Europe and China. He has lived in major metropolitan areas and very small towns in various parts of the United States. He served three years with the U.S. Army as an enlisted man, much of that time in Germany.

Sunday, June 8, 2025

David Brooks, NY Times: The Democrats’ Problems Are Bigger Than You Think

 

Economics Without The B.S.**: 


[**  Double entendre intended.]


David Brooks, with an Op Ed in the New York Times this past week:

"The problem is not the party leaders. The problem is you. You don’t understand how big a shift we’re in the middle of."

https://www.nytimes.com/2025/06/05/opinion/democrats-trump-winning.html?unlocked_article_code=1.NU8.4LEZ.kp5_wkUjqCnX&smid=url-share


I think Brooks is right, we have in place a political system that has resisted change, and that is just what "The People" wanted -- I'm doing fine, don't bother me.
1. “The system is rigged.” This became evident with the international recovery from the Financial Crisis of 2008; in America, Wall Street got bailed out while Main Street had to figure it out for themselves. This resulted in a populist backlash on the political Left (the Occupy Wall Street Movement) and Right (the Tea Party Movement).
2. In my opinion, to disperse the power and influence of organized elites which is concentrated in our political institutions you need to decentralize the decision-making – make it occur at the local level, instead of the federal level. The federal level should give only general guidance and funding without restrictions. The decentralization may be disorderly somewhat, but this should work its way out.
3. Trump, by being disruptive and less than effective, may be helping in this effort of decentralization in an unintentional way.
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