Among the crowded field of contenders for the Democratic Party’s presidential nominee are four big-city mayors. Yet such candidates have little chance, in part because American cities are suffering from a myriad of afflictions, including gross income inequalities, which are driving out middle-class and working-class families. In a recent study, not one construction worker could afford a median-priced house in Los Angeles, San Francisco, or surrounding areas. In an essay with distinct overtones for Canadian big-city politics, Joel Kotkin argues in City Journal that for cities to remain emblematic of society, they need to attract and nurture the middle-class.
Javier Milei Makes Fools of the “Experts”
As it began looking like Javier Milei might actually be elected President of Argentina, more than 100 leading international economists warned that this “far-right” political “wrecking ball” would “cause ‘devastation,’ spike inflation, expand poverty, and unemployment.” But as David Harsanyi relates in the Washington Examiner, Milei has tamed inflation, balanced the budget, shrunk the bureaucracy, deregulated the economy, driven down poverty and repaid billions in U.S. loans. And now, Harsanyi notes, Argentina is starting to boom.
