A new and alarming mash-up of Silicon Valley technology and Wall Street greed is thrusting upon us the latest economic fad: the so-called "sharing economy." In reality, workers at companies like Uber and Airbnb have little choice but to hire themselves out for ever-smaller jobs and wages, with no safety net, while the companies profit.
The only cure for the world's malaise is an increase in aggregate demand. Far-reaching redistribution of income would help, as would deep reform of our financial system -- not just to prevent it from imposing harm on the rest of us, but also to get banks and other financial institutions to do what they are supposed to do: match long-term savings to long-term investment needs.
Looking at the big picture, in the twenty-first century education may be as vital to national defense as military defense. If that is the case, then free college education should not be a question but an answer. The only real question is: do we have the courage and will to implement it? If we do, it's possible now.
Are we one step closer to a Congress that sees the need to boost spending in order to boost jobs and economic output for years to come, as we asked in our last column? It could mean the U.S. Congress has finally seen the folly of austerity policies that shrink growth, as has happened in Europe. Or, it could be because of a so-called "emergency."
If you're wondering whether the living-with-the-parents trend impacts young adults who have or don't have a college education, the Pew study shows there is a difference. It shows that 86 percent of those with college degrees live independently of their family compared to 88 percent five years ago and 90 percent in 2007.
Is there a certain synchronicity at work with Hillary Clinton and Jeb Bush staging their big formal campaign openings just as Jurassic World oddly enjoys the biggest opening weekend of all time with its recycled plot (albeit with new bells and whistles) about the dangerous majesty of rampaging dinosaurs? It has to be.