Is Unemployment the New Normal?

Mainstream economists are preaching a decade of pain and historically high joblessness as if no alternative policy existed. Dean Baker thinks pessimism has run rampant.

The willingness of economists to so quickly embrace this darker future is striking, says Dean Baker, co-director of the Centre for Economic and Policy Research. After all, one of the reasons that we have economists is, ostensibly, so that we don't get such unpleasant news about a "new normal". This is like a football team calmly accepting the sports writers' prediction that they would have a winless season, and deciding that their new goal was to minimise the margin of defeat. ... Economists really don't have much basis for this lowering of expectations of their own and the economy's performance.

Ethnic chauvinism: Why the whole world shouldn’t look like America

We are constantly trying to force the world to look like us — we need to move on.

Videos
  • When the Berlin Wall fell in 1989, many Americans jumped for joy. At the time, some believed there weren't going to be any more political disagreements anywhere in the world. They thought American democracy had won the "war of ideas."
  • American exceptionalism has sought to create a world order that's really a mirror image of ourselves — a liberal world order founded on the DNA of American thinking. To many abroad this looks like ethnic chauvinism.
  • We need to move on from this way of thinking, and consider that sometimes "problem-solving," in global affairs, means the world makes us look like how it wants to be.
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Physicists find new state of matter that can supercharge technology

Scientists make an important discovery for the future of computing.

Pixabay
Surprising Science
  • Researchers find a new state of matter called "topological superconductivity".
  • The state can lead to important advancements in quantum computing.
  • Utilizing special particles that emerge during this state can lead to error-free data storage and blazing calculation speed.
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First solar roadway in France turned out to be a 'total disaster'

French newspapers report that the trial hasn't lived up to expectations.

Image source: Charly Triballeau / AFP / Getty Images
Technology & Innovation
  • The French government initially invested in a rural solar roadway in 2016.
  • French newspapers report that the trial hasn't lived up to expectations.
  • Solar panel "paved" roadways are proving to be inefficient and too expensive.
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