13 March 2017

The Axe Files with David Axelrod: 118 - Carl Berns...

Dashed Expectations Power White Anger

So this is a possible explanation for why white Americans were angrier at banks and large companies than their minority counterparts. Their extrapolative expectations were more optimistic to start with. Having known nothing but enrichment for three straight decades, they suddenly found that this wasn’t just the way the world worked -- that in fact, wealth doesn’t just build itself for most people in most time periods.

The case for Supreme Court term limits has never been stronger

Lee Drutman