Sublime

“I just think you should stop ranting at inequality,” a friend in private equity had snapped at him a few nights before the KKR event. “It’s a real turn-off.” Walker had broken what in his circles were important taboos: Inspire the rich to do more good, but never, ever tell them to do less harm; inspire them to give back, but never, ever tell them

The savvy response is to invest in those sectors and activities that have been neglected. It’s time to reclaim hours, build skills, invest in people, save

The displacement of the old working class has many explanations: globalization, financialization, automation, but also the concentration of economic activities (and most jobs) in large cities. ● Cities as the new factory floor aggravate problems that were previously overlooked. Improving the condition of the new urban working class is the main soci

This is the challenge we need to tackle today: revisiting every function that was once performed by the Great Safety Net back when it worked so well. We need to imagine institutions to once again serve the three goals that we should all be obsessed with: making consumer demand steadier, increasing household income, and providing access to affordabl

Formidably intelligent, eloquent, and knowledgeable.

America

In the city-state of America, perhaps the city-state of globalism, if there was a single story I uncovered in all my traversing and interviewing, talking to social workers, salsa makers, luxury concierges—listening for a single narrative to connect the ten-million-plus together—the story wasn’t fire or homelessness, and definitely not the movies. T

The Federal Reserve Bank of New York is perched in a gray sandstone slab in the heart of Wall Street.