06.24.2016 - 1:51 PM EDT

We are told we are entering a period of economic nationalism and right wing populism. We see it in the UK with Brexit, in the USA with Trumpism and in other nations and regions with their own unique inflections. From others we hear this is simply a tantrum or irrationality, perhaps a generalized breakdown of trust in elites. These are each true to a degree. But I think they are each also quite misleading. I see a very different or much more specific pattern in the country whose politics I know best, the USA, and the demographics and the voting parallels seem evident enough in Britain as well.

06.24.2016 - 11:55 AM EDT

One source of comic relief this morning is watching American conservatives take a Brexit victory lap. They feel and sometimes say explicitly that leaving the EU is Britain ticket to reemerging as a great power. As I noted below, it's far more likely that Brexit is Britain's ticket to reemerging as England. But that's another matter.

06.24.2016 - 11:03 AM EDT

If you've read my editors' blog posts over the years, you likely know that I am at heart a small-c conservative and instinctive institutionalist. There are up and down sides to that way of approaching the world. But it's a posture that colors my reactions to most things. On that front, last night's events in the UK fill me with no little foreboding. Sure, the pound was in free fall over night. The British equities market is getting hammered. Those are likely transitory events - at least the instability, if not the absolute values. But look a bit further down the road.

Look at the map.

06.23.2016 - 5:40 PM EDT

As you know, I've been piecing together what we know about Donald Trump's Potemkin $10 billion real estate, tie and steak empire. Mark Cuban is an actual billionaire and friend or frenemy of Trump's. And he's been increasingly public in his suspicions about Trump's wealth too. Cuban and I had an email exchange sharing notes and trying to figure out why Trump seems so hard up for cash. Here's the exchange.

06.23.2016 - 3:40 PM EDT

Before the results are in, I just wanted to say a few words on Brexit, Britain's proposed exit from the EU. This is an issue for the British. But it is an issue that I think everyone has some right to chime in on since it will have a real effect on the whole global economy, and real effects in the US since Britain and the EU are among the United States' largest trading partners. In short, the idea strikes me as simply crazy.

Here's why.

06.23.2016 - 2:48 PM EDT

Today we're publishing part two of our series on privatization. I think you will really like it. It's about the so-called "corrections industry". But what it shows is that the corrections industry is about way, way more than just prisons. To use the jargon of industry, the corrections industry has managed to scoop up business along the whole supply line, from the moment of arrest to the last check-in with the parole officer. Read this. You'll find it very eye-opening.

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