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Welcome To The Third World, Part 32: Texas, Really??

by John Rubino ◆ February 22, 2021 Leave a Comment

California and Texas were, until very recently, the two best US states. The former is the richest and highest-profile, and home to Silicon Valley and Hollywood, while the latter is both huge and the place to which millions of Californians want to move. It’s not an exaggeration to say that as these two go, so […]

Welcome To The Third World, Part 23: Whites Are Dying “Deaths Of Despair”

by John Rubino ◆ March 27, 2017 24 Comments

“White privilege” is such a commonly accepted pillar of American society that it’s become material for comics. As Chris Rock tells his audience in the following clip, “There ain’t a white man in this room who would change places with me. And I’m rich!”

Welcome to the Third World, Part 22: State Schools Scale Waaayyy Back

by John Rubino ◆ March 19, 2017 12 Comments

Readers of a certain age will remember when state universities were a bit spartan but extremely cheap. Middle class families could send their kids to Ohio State or UCLA without taking out a second mortgage, and the kids could focus on classes and fun instead of juggling multiple part-time jobs to cover room and board. […]

Welcome to the Third World, Part 12: Your Pension is an “Unsecured Obligation”

by John Rubino ◆ December 8, 2013 29 Comments

The main difference between well-run and badly-run countries is certainty. In well-run countries, money is worth pretty much the same from one year to the next, the police come when called and protect rather than prey on the caller, and contracts, including pensions and other retirement plans, behave as advertised. In badly-run countries, not so […]

Welcome to the Third World, Part 10: Students Become Strippers

by John Rubino ◆ December 4, 2012 39 Comments

Poverty – or its prospect – sometimes leads one to make surprising choices. Here’s a truly disturbing example, from London’s Independent: Students and the sex industry: Empowering or the last resort of the debt-ridden? With unemployment levels soaring across Britain, job prospects for graduates have never looked so bleak. But one sector proving resilient, and […]

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Biden’s Plans to Upend Retirement Accounts

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The Sneaky IRS Tax Law that’s Sweeping the U.S.

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