Recent data and reports by a number of economists and financial institutions tend to confirm what last Tuesday’s election results also suggested – that the United States effectively has an economy with two branches, one for those who have decent-paying jobs and financial reserves and another for those who have neither, a condition described as K-shaped, where the same financial conditions have differing impacts for different people.

Higher interest rates and rising stock prices benefit those who can save and invest, but those higher interest rates punish those with mortgages, credit card balances, and student loan debt. Higher interest rates also discourage businesses from hiring and encourage streamlining and economizing, which usually means layoffs.

The youth (ages 16-24) unemployment rate increased to 10.5% by this past September, and that’s three times the rate for Gen X and Millennials. Average new car prices topped $50,000 for the first time ever, and an indication of the impact on the less fortunate is car repossessions, which have increased 16% over last year and are at the highest rate since 2009. Add to that the rising cost of student loan repayments, which have increased by six percent over last year.

When you consider that the average cost of a basic one-bedroom apartment in New York City is $4,000 a month, that might just explain the results of the recent mayoral election.

On the other side, the gross profit margin of the pharmaceutical industry is over 70%, compared to 2% for the pharmacies that dispense and sell those prescription drugs, which might explain why the pharmacy clerks are having a hard time of it, while the drug company executives are rolling in dough… and why more than a few people, primarily younger adults, still openly back Luigi Mangione… and why Zohran Mamdani managed to attract over 90,000 largely youthful volunteers to support his successful campaign for NYC Mayor.

Over the past few years, I’ve seen more than a few complaints about the cost of books, particularly the cost of mass market paperbacks. So I did a little analysis. My first book, The Fires of Paratime, was published in 1982 as a mass market paperback, for a price of $2.95 (which would theoretically cost $9.81 in today’s dollars). In 1993, Tor published The Towers of The Sunset (the second Recluce book) in mass market paperback format for $6.99 (costing $12.50 in today’s dollars).

But those comparisons fail to take into account the length of books. The Fires of Paratime was only 239 pages long (for a price of 1.2 cents per page), while The Towers of the Sunset was 536 pages long (for a price of 1.3 cents per page).

Over the next ten years, the price of my books increased fairly consistently at the rate of inflation while the price per page rose to around 1.5 cents. That per-page-price remained around that level until 2023, when it jumped 33% to 2.0 cents per page. Even so, that increase didn’t cover inflation. When my last mass market paperback was published (Contrarian in 2024), it listed at $14.99, but for Tor to cover the increased inflationary costs would have required a price of $16.25, which most readers are unwilling or unable to pay without sacrificing something else.

Historically speaking, the price of paperback books has pretty much tracked inflation over the past sixty years – until 2023. While a mass market paperback still remains the same in inflation adjusted dollars as it has for the last twenty years, the income of the average middle-class or poorer American hasn’t kept up with inflation.

And that’s not a problem that the publishing industry can solve, because the industry is low margin, where the majority of editors make less than legal secretaries.

Until recently, i.e., until the arrival of Donald Trump and his MAGA clones and the Woke speech police, the United States was a democracy legally balanced (more precariously than most Americans realized) between law and long-standing custom.

Over time some of those customs were changed by law or codified into law, but far from all of them. Although the separation of church and state is mandated by the Constitution, that separation was maintained as much by custom as by law.

What we’ve seen over the last few years is a war between the extremists of the right and the extremists of the left, a war exploited for his personal benefit by Donald Trump, which is bad enough, but what is even worse is the tactic he’s used to great effect.

That tactic is simply seeking out customs and practices that used to have a certain force, almost of law, and overriding them because they’re not enshrined in law. This is nothing new. It’s happened before, but never on the scale pursued by Trump.

Trump tears down the east wing of the White House because there’s no law specifically forbidding it. He orders the militarization of national guard units and attacks on foreign boats and ships as part of a “war” against supposed drug cartels, because there’s not a clear legal definition of “war.”

The U.S. legal system was never designed to have to respond to such acts on a short-term and timely fashion, which is one of the principal reasons why he’s getting away with so much.

The other reason is because extremists control too much of each major party, and the two parties are deadlocked because the party leaders are effectively controlled by their extremists, even though most Americans don’t want the extremes of either party.

As a result of Trump’s tactics, even without Trump, the U.S. will still face the problem he’s exploiting, and that’s the fact that, at present, it appears as if corporations, presidents, and bureaucrats can damn well do anything that’s not definitively prohibited by law – and that to stop that will effectively require an authoritarian state controlling everything because the majority of Americans either don’t care, don’t understand the problem, or support one or the other extreme.

I suspect we all have TV commercials that rub us the wrong way. I know I do, one in particular. It not only irks me, but I find it offensive and dangerously subversive at the same time. For those who can’t guess from the blog title, it’s a commercial for an insurance company that tries to ridicule the behavior of “parents” and ends with a statement along the lines of “we can’t save you from becoming your parents,” but we can give you good insurance.

Admittedly, some “parental” behaviors are easy to caricature and ridicule. After all, who doesn’t have or know of a parent who has gone to excesses? The other aspect of the commercials is that all of those I’ve seen feature men becoming their parents.

But just as there are parents whose behavior is either abominable and/or laughable, there are those who have done well by their offspring. I also don’t know any parents who are perfect, who never made a mistake.

What bothers me most about this series of commercials is that it presents grown men (unless I’ve missed those that feature women) who adopt mannerisms and behaviors (supposedly from their parents) as foolish, out of touch, and laughable. The first time I saw and heard one of these commercials, I found it slightly amusing. After months, if not years, of repetition, I find the series both disturbing and dangerous.

That’s not to say that parents haven’t done foolish things – and in too many instances dangerous and criminal acts – but ridiculing an entire generation in order to sell insurance irritates me. More important, this approach also contributes to the ongoing practice of polarizing society, in the sense that it implies that older people are inept and foolish and that younger people should know better.

While insurance companies have the right to advertise their product in any fashion that doesn’t defame specific individuals, this kind of sales pitch strikes me as a “softer” version of Donald Trump and the MAGA Republicans.

But then, I’m an “outdated” parent and grandparent.

Let’s see. For the moment, Trump’s latest dictator-like act is to rip the east wing off the White House, supposedly the “people’s house,” without any authorization from Congress in order to add a palatial ballroom that may well dwarf the rest of the White House complex.

At roughly the same time, Secretary of Defense/War Pete Hegseth attempted to require news reporters to sign an agreement not to print anything he hadn’t approved or to lose their Pentagon access. Virtually, all the reporters refused, turned in their press badges, and left the Pentagon. In return, Hegseth then issued an order to all military that no military personnel could speak to or provide any information to the press, Congress, or apparently anyone else that the Pentagon Office of Legislative Affairs had not approved.

The Trump Administration is citing a 1956 law as the basis by which the Secretary of State can unilaterally deport virtually anyone who the Secretary finds poses any danger to the U.S., without any recourse for an individual so cited, even if they’re a citizen or a legal immigrant.

Hegseth is ordering the Navy to attack and sink “suspicious” boats in the Caribbean before ascertaining what they really might be transporting.

Trump is still pressing for the Supreme Court to allow him to federalize state national guard units and to approve his “declaring war” on cities he doesn’t like, without the vote of the Congress.

ICE continues to round up large bodies of people, including U.S. citizens, on the slightest provocation.

Trump continues to fire federal employees that he doesn’t like, with little or no legal basis, to selectively defund federal activities he dislikes, while shifting funds, again illegally, to programs of which he approves.

Speaker of the House Mike Johnson is choosing which recently-elected members of the House he’ll swear in immediately and which he won’t – and all the Republicans were sworn in expeditiously, and the sole Democrat is still waiting – possibly because she represents the vote that would require Johnson to call a vote on a measure to immediately release all the Epstein files.

That’s just what I know, but even that sounds an awful lot like what goes on in a dictatorship, and what I want to know is why so many Americans don’t even seem to care.