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Showing posts with label economy states good hope. Show all posts
Showing posts with label economy states good hope. Show all posts

Friday, September 9, 2011

Webb, Churchill and the Birth of the Welfare State: Sylvia Nasar

I just discovered the author of "A Beautiful Mind" is about to come out with a book on the history of "the welfare state":

Illusration by Bryan Dalton

By Sylvia Nasar Sep 7, 2011 8:00 PM ET 13 Comments

“You are young, pretty, rich, clever, what more do you want?” Beatrice Potter’s poor relation asked her with a trace of exasperation. “Why cannot you be satisfied?”

Like the heroine of Henry James’s 1881 novel, “Portrait of a Lady,” Beatrice had been brought up with an unusual freedom to travel, read, form friendships and satisfy her “great desire for knowledge.” Born in 1858 as the ninth daughter of a railway magnate and political liberal, she was “brought up in the midst of capitalist speculation” and “the restless spirit of big enterprise.”

She longed for a “real aim and occupation.” Her early mentor was Herbert Spencer -- the libertarian philosopher who coined the term “survival of the fittest” -- who encouraged her to pursue a career as a “social investigator.” She took the advice to heart, and by the time that career was over, Beatrice had invented the think tank, supplied the young Winston Churchill with a reform platform, and conceived the modern welfare state decades before the New Deal.
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Saturday, August 27, 2011

The 10 States With the Best Economies in America

Not all states have experienced the same kind of economic pain since the Great Recession began.
August 26, 2011

The best local economy in the United States, by far, is the DC metropolitan area. Average incomes in the region top $150,000, more than triple the national average. The reason for Washington's affluence (or parts of Washington's affluence – the Capitol also has abundant poverty) is clear: while the rest of the economy is facing a crisis in demand as a result of high unemployment and stagnant wages in the private sector, the Capitol, in classic Keynesian style, is making up for it with plenty of public spending, which has skyrocketed since 9/11 – defense and homeland security contractors, and other firms providing goods and services to the government are flush.

It's the same model that got us out of the Great Depression, but in this age of austerity, Washington isn't spreading enough public dollars around to help those of us living in the 50 states. Even so, not all states have seen the same kind of economic pain since the Great Recession began. Here are 10 that are doing pretty well, with relatively low unemployment, fewer homes in foreclosure, decent wages and a large share of their populations enjoying health insurance. It's not a comprehensive analysis of the thousands of economic metrics one might examine, but it does provide a handy snapshot of some of the states that are weathering the storm fairly well.
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