Massive inequality, we have learned, isn't the best way to run an economy after all. And when you think about it, it's also profoundly ugly.
Thomas FrankThanks to a deal finalized in 2008, Chicagoโs parking meters will be operated for the next 75 years by a group of investors put together by Morgan Stanley, including the sovereign wealth fund of Abu Dhabi.
Thomas FrankGoverning was always difficult for conservatives, but as they return to the opposition, they are rediscovering their skill at blame evasion.
Thomas FrankPublic borrowing is costly these days, true, but interest rates on municipal bonds are still considerably lower than those borne by corporate debt.
Thomas FrankWhen money is exchanged for pregnancy, some believe, surrogacy comes close to organ-selling, or even baby-selling.
Thomas FrankWe have become a society that can't self-correct, that can't address its obvious problems, that can't pull out of its nosedive. And so to our list of disasters let us add this fourth entry: we have entered an age of folly that - for all our Facebooking and the twittling tweedle-dee-tweets of the twitterati - we can't wake up from.
Thomas Frank