Widespread Angst

John Mauldin’s December 6 letter will take you a few minutes to read — and not buoy your spirits.

Woe are we!

And yet when you think about it — though he doesn’t say it — we have the technology and resources, including increasingly-cheap renewable energy, such that every American could have the basics: decent food, shelter, clothing, health care, and Internet (with which come virtually unlimited information, education, communication, and entertainment).

Beyond that, all you need is love.

(Dum-de-dum-de-dum.)

But we sure don’t all have that now . . . and things could well get worse.  Read Mauldin’s letter.  (And Andrew Yang’s The War On Normal People.)

Sooner or later, something’s gotta give.

With far-sighted leadership and constructive compromise, there are ways to get there.  Look at the game-changing transformations F.D.R. was able to make, even as many of the wealthiest Americans loathed him.

FDR’s leadership brought us the social safety net and strengthened the middle class.

(Could a wealthy former New York mayor do the 2021-2029 equivalent of what a wealthy former New York governor did in 1933-1945?)

Lots to think about.

Have a great weekend!