The rise of digital platforms, cutting-edge forms of automation, and Big Data promises to transform labor markets and upend longstanding business models. It will also broaden our thinking about human wellbeing, much of which hinges on social and experiential factors that have little to do with standard measures of material welfare.
Bernie Sanders’s ignorance of economics and history seem to know no bounds. The latest? On June 18, the font of wet-lipped wisdom decided to continue his stellar track record of pushing for the opposite of what markets and economic growth need by Tweeting: "The video game industry made $43 billion in revenue last year. The workers responsible for that profit deserve to collectively bargain as part of a union. I'm glad to see unions like @IATSE and the broader @GameWorkers movement organizing such workers."
Hoover Institution fellow John Villasenor discusses deep fakes and notes that deep fakes are an unavoidable part of our media landscape, something we all need to be aware of when viewing videos online.
Factions, argued James Madison in Federalist No. 10, had ever been the bane of governments grounded in the consent of the governed. However, an improved political science informed the new charter of government that he and his fellow delegates drafted a few months before in Philadelphia over the course of the summer of 1787. Well-designed institutions that minimized freedom’s costs offered a more promising approach to preserving freedom. So effective is Madisonian political science that it provides remedies for such up-to-date threats to freedom as social media and the giant companies that monopolize the provision of information about us and about others.