As I announced last week, we here at the newsletter and The Glenn Show have a new partner: the Manhattan Institute. I realize some of you may not be familiar with the Institute’s work and point of view, so today I’ve got Manhattan Institute President Reihan Salam
Loved Glenn's latest perceptive interview with Reihan Salam. Reihan discussed the emergence of a new American and global elite that is flexing their numbers. Here is some data about this trend:
In 1967 1.3% of American households made more than $200 K in 2020 inflation adjusted dollars. In 2020 10.3% did.
In 1967 3.0% of American households made more than $150 K in 2020 inflation adjusted dollars. In 2020 18.3% did.
In 1967 10.9% of American households made more than $100 K in 2020 inflation adjusted dollars. In 2020 33.6% did.
A massive change around the world in recent history is that a large percentage of the world's population has become rich. And an even more massive percentage of the world's population has become upper middle class. This is the first time this has happened in recorded human history.
Ergo, the old American and global elite are increasingly being sidelined by a new much larger global elite--who until recently were poor.
A lot of what is happening (wokeness, MAGA, social turmoil) is unease over the emergence of a new elite that has emerged out of almost nowhere.
Reihan correctly described the rapidly rising number of elite immigrants African Americans and elite multi-racial / multi-ethnic African Americans. The rising challenge of colorism. And the emerging civil war within the african american elite.
And perceptive comments about why many asian american professors support race based affirmative action, preferences, set asides that hurt asians.
Reihan was much more interesting than Richard Wolff but I’m still a little frustrated with two weeks in a row of guests who basically just talked at Glenn and allowed for no actual discussion.
Loved Glenn's latest perceptive interview with Reihan Salam. Reihan discussed the emergence of a new American and global elite that is flexing their numbers. Here is some data about this trend:
https://glennloury.substack.com/p/reihan-salam-meet-the-manhattan-institute?utm_source=%2Fprofile%2F24637620-glenn-loury&utm_medium=reader2#details
https://www.census.gov/content/dam/Census/library/publications/2021/demo/p60-273.pdf
Page 28 in document, page 36 in pdf:
In 1967 1.3% of American households made more than $200 K in 2020 inflation adjusted dollars. In 2020 10.3% did.
In 1967 3.0% of American households made more than $150 K in 2020 inflation adjusted dollars. In 2020 18.3% did.
In 1967 10.9% of American households made more than $100 K in 2020 inflation adjusted dollars. In 2020 33.6% did.
A massive change around the world in recent history is that a large percentage of the world's population has become rich. And an even more massive percentage of the world's population has become upper middle class. This is the first time this has happened in recorded human history.
Ergo, the old American and global elite are increasingly being sidelined by a new much larger global elite--who until recently were poor.
A lot of what is happening (wokeness, MAGA, social turmoil) is unease over the emergence of a new elite that has emerged out of almost nowhere.
Reihan correctly described the rapidly rising number of elite immigrants African Americans and elite multi-racial / multi-ethnic African Americans. The rising challenge of colorism. And the emerging civil war within the african american elite.
And perceptive comments about why many asian american professors support race based affirmative action, preferences, set asides that hurt asians.
I am glad that Reihan Salam is supporting my main man Eric Adams, king of SWAGGER.
It would be cool if Reihan Salam would answer questions in this substack comment section.
Reihan was much more interesting than Richard Wolff but I’m still a little frustrated with two weeks in a row of guests who basically just talked at Glenn and allowed for no actual discussion.