From The Editor
People are pretty impressed with Thomas Piketty, author of Capital in the Twenty-First Centuryif we leave aside right-wing pundits and congressmen who have denounced him for Marxism (in fact, his book has nothing in common with the one by Marx except the first word of its title).
I ended the first article in this series by discussing the Department of Educations focus on closing old and opening new schools. Ill begin this second article by discussing the complementary focus on the marketization of school selection.
I first paid little attention to Bitcoin, thinking that there are probably more Elvis Presley impersonators than there are people in the world who have traded or owned it. But seeing that central banks have issued policy statements on Bitcoin, that the F.B.I. has seized Bitcoin assets used by drug dealers, and that tax authorities have given guidance on capital gains liabilities, while financiers are planning to offer exchange traded funds denominated in Bitcoin, I decided to take a second look. This article gives my assessment of this digital, alternative currency.
Rocky: Das Musical opened in Hamburg in 2012 after German producers were the only backers willing to take a risk on a musicalized adaption of Sylvester Stallones 1976 film. Since the fall of the Berlin Wall, Hamburg has gradually become a global boxing hub as the sports epicenter shifted to Eastern Europe, and over the past 10 years world heavyweight champions are now much more likely to be Ukrainian or Russian than American.
Oligarchy is a term weve been hearing more frequently to describe the future of the United Stateswhether its the patrimonial capitalism predicted by Thomas Piketty, based on his comparative historical income statistics which support an interpretation that the huge wealth of the top 0.1 percent creates a dynamic of heritable privilege for a tiny and powerful set of our fellow citizens, or whether its the feared consequences of the Supreme Courts several decisions to gut the laws governing campaign finance and voting.