Monthly Archives: December 2014

Clarity, Common Sense and Wisdom

Technology and ideology are shaking the foundations of twenty-first-century capitalism. “Technology is making skills and knowledge the only sources of sustainable strategic advantage”. —LESTER THUROW. The answer to the question “What happened?” is clear. Science and technology happened. Science and technology are the engines of prosperity. Of course, one is...
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Spending Patterns

  Here is how The Wall Street Journal interprets the above chart, taken from spending surveys and diaries of 14,000 US households, particularly as regards consumer spending: The American middle class has absorbed a steep increase in the cost of health care and other necessities as incomes have stagnated over the past...
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