Monthly Archives: January 2015

That’s what you get when you hollow out the middle class

So, the supermarket chain Target closes down its Canada operation. CBC News discusses this further in an article titled “Middle class retailers dying a slow death: Don Pittis“. And, of course, in a move nobody should be surprised by, their … Continue reading

Posted in developed countries, private debt, standards of living, wealth distribution | Leave a comment

From faulty premises

I assume that Vinod Khosla is a smart man. According to the byline under his recent Forbes piece titled “The Next Technology Revolution Will Drive Abundance And Income Disparity” notes that Vinod Khosla co-founded Sun Microsystems and is the founder … Continue reading

Posted in belief systems, economic policy, standards of living, techno utopianism, technology assessment, wealth distribution | Leave a comment