- 1/4 I find myself frustrated with usually-reliable Gerald Seib. Our political disruption problems today are driven by 3 factors: the
- 2/4 Reagan-Thatcher bet on inequality in 1990, the Gingrich bet on obstructionism in 1993 (and doubling-down on it in 2009), and the Obama
- 3/4 bet in late 2009 that the macroeconomic dog would go to sleep and should be let to lie as a strong recovery took hold. Our political
- 4/4 disruption problems not driven by "globalization, alienation, populism". That framing doesn't tell us what needs to be and can be done.