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A Sea Change

Posted in 2016 elections, Contemporary economics Tagged with: , , , , , , , , , , ,

The disparity between political conventions was striking.  The Democrats were in good shape. The Republicans were a mess. Yet, as New York Times columnist David Brooks observed on PBS television, a sense of loss, of grief, pervaded both. What is that about? Much more than individual losses were at issue; the deaths of soldiers in combat, of police officers in the line of duty, of victims of excessive force, of sufferers from treatable diseases.  The new mood involves both parties in at least the tacit recognition of the existence of a series of limits – on trade, immigration, military force,