Monday, May 25, 2026

New eBook Release: Saving America from the Wealthy

 


Have you wondered why the stock market keeps hitting all-time highs but consumer confidence is at a record low? The University of Michigan Consumer Sentiment Index (a national survey conducted since 1952) dropped to 44.8 in May. That is lower than during the recession in the early 1980s caused by stagflation and the OPEC oil crisis, or during the Great Recession of 20082009, or during the recent COVID pandemic. Maybe this seeming paradox has something to do with the fact that 93 percent of corporate stock is owned by the wealthiest 10 percent of Americans. The rich are doing fine, thank you, but the overall economy is not working very well for the other 90 percent of us. And the gap keeps widening.

Just over 30 years ago, Berrett-Koehler Publishers of San Francisco published my book Economic Insanity: How Growth-Driven Capitalism Is Devouring the American Dream. The book made a small splash in certain circles and was even used for several years as a textbook. I wrote that book after spending nine years on the faculty of BYU’s Marriott School of Management, where I became interested in both organizational values and broader economic questions. A few years later, I took a career turn that eventually landed me in the position of editorial director at BYU Studies, a scholarly Mormon studies journal published at BYU. Although I have continued writing about economic matterson this blog, in periodicals, and in newspaper editorialsI have not published a follow-up to Economic Insanity. Until now.

I retired a couple of years ago, and seeing that the world had changed in many ways and yet was suffering from even worse economic problems than in 1995, I decided it was time to follow up my argument in Economic Insanity with a new book, titled Saving America from the Wealthy: Creating an Economy That Works for Everyone. I have learned a good deal in the past 30 years, and although I probably still agree with about 75 percent of what I wrote in my earlier book, Saving America from the Wealthy includes new and different insights into our unique economic mess.

Because I want this new book to reach as many concerned Americans as possible, I have decided to release it as an ebook. I would make it free if I could, but Kindle Direct Publishing (Amazon) has set a minimum sales price of 99 cents, so that is where I have priced it. I obviously don’t care about royalties. All I care about is having as many readers as possible become informed about some crucial issues for our country and consider a different path for the American economy.

So, if you are interested, please forego a candy bar and download the ebook. It’s less harmful to your health than a Snickers bar and certainly more informative. And if you find the arguments at all compelling, please spread the word through your social media contacts. Thanks for your time and courtesy in reading this little piece of self-promotion.

Wednesday, May 6, 2026

Obamacare vs. Trumpdoesn’tcare, Blue vs. Red Death Rates, and Utah’s Measles Outbreak

 

Let me start with a letter to the editor I submitted to the Salt Lake Tribune that appeared in this morning’s edition (May 6, 2026):

“A New York Times article dated May 1, 2026, reports that millions of Americans are dropping their health insurance because the Republican Congress ended Obamacare subsidies that had been in place since 2021. Obviously, Democrats care about providing healthcare to American citizens. Their attempt to do that is called the Affordable Care Act (ACA), commonly called Obamacare.

“What is the Republican healthcare plan called? Well, nothing, because there isn’t one. So maybe we should call the Republican healthcare absence ‘Trumpdoesn’tcare, because Trump doesn’t care about your health care or mine. And neither do his sock puppets in Congress, including all six of Utah’s representatives. They were perfectly happy not just to let the subsidies lapse but also to cut Medicaid benefits for the poor and needy.

“Unfortunately, there are lots of other things Trump doesn’t care about. For instance: inflation, gas prices, pollution, global warming, the federal debt, the Constitution, rural hospitals, Ukraine, harmonious relationships with our former allies, fraud (look at his pardons), voting rights, his own supporters in blue states who are suffering from natural disasters, fair elections, and on and on and on.

“But what does Trump care about? First and foremost, his highly unpopular ballroom. Also, Putin’s approval; the obeisance of billionaires, getting away with murder on the high seas, gaudy gold trinkets received illegally from foreign countries, prosecuting his political ‘enemies,’ and the appearance of winning, even when he has no moral or legal way of getting us out of his ill-advised war on Iran. Oh yes, and he cares about the Epstein files. Not releasing them, of course, but burying them. We can’t help but wonder what they contain that is so threatening to him.

“Anyway, if you think Trump cares about you, think again.”

Paul Krugman, in today’s Substack post, which I receive as an email subscriber, addressed the widening divide between the life expectancy of blue vs. red counties in America and proposed some reasons for the discrepancy. First, some figures. If you live in one of the top 10 percent of counties with the reddest population (Republican), would be 2.71 times as likely to die from COVID (since May 1, 2021) as a person residing in one of the top 10 percent of blue counties (Democrat). Life expectancy follows a similar pattern. If you live in a red state, your life expectancy is significantly lower than if you live in a blue state. Alabama and West Virginia, for instance, have a life expectancy comparable to Kazakhstan. Why this correlation? Well, Krugman gives a few reasons.

“Part of the answer,” he says, “is that red states have weak social safety nets and are especially unwilling to provide healthcare to vulnerable populations. . . . Many red states refused to expand Medicaid under the Affordable Care Act, even though the federal government would have borne the bulk of the cost. Texas, which likes to boast about its economic success, leads the nation in the share of its children who lack health insurance.”

Also, right-wing politics has become generally hostile to science, especially medical science. Why? I suppose it has something to do with the conservative bias against education and experts. But there’s also a misguided devotion to individual liberty among conservatives, at the expense of the public good. So, during the pandemic, not only were Republicans more distrustful of vaccines, but they were also more unwilling to follow health guidelines that recommended the wearing of masks. In other words, they were more concerned about their own freedom to not mask or vaccinate than about the health and well-being of their neighbors or their communities, not to mention themselves. This is relevant to Utah’s current measles outbreak, which I’ll return to in a moment.

Krugman also points out that greed and willful ignorance play a big role in health disparities. “The best example of scientific disinformation promoted by corporate interests is the fossil-fuel-financed attack on climate science, but the template for this attack was the earlier campaign by the tobacco industry’s ‘merchants of doubt’ to discredit evidence that smoking is harmful to your health. The straight line from this campaign to the [recent] relaxation of rules on flavored vapes is obvious.”

He mentions that the role of greed in the anti-vaxx movement is less obvious, but we should recognize the outsize role of “quack medicine” in conservative media. “Right-wing radio and social media have long relied on peddlers of snake oil for a large part of their revenue. So much of the attack on medical science can be seen as financially motivated.” Think of Alex Jones or Mormonism’s own Glenn Beck.

Krugman warns not to “discount the role of willful ignorance driven by ideology. The modern U.S. right is, to a large extent, an alliance between oligarchs and white Christian nationalistsand the latter are deeply hostile to Enlightenment values, modern science very much included.” And this is where the Mormon measles outbreak comes into play.

You might think, since the Church is a strong supporter of vaccinations of all stripes, spending millions of dollars to make vaccines available to underserved populations, that Latter-day Saints would be among the most vaccinated people in America. But you would think wrong. I’ve argued in this forum before that a lot of my coreligionists are more Republican than they are Mormon, but it is unfortunately true. Many Mormons thumbed their noses at President Nelson’s urgent plea regarding masks and vaccines during the pandemic, and now they discount the Church’s strong statement in its Handbook supporting vaccination. Consequently, we are having a large outbreak of measles in certain highly-LDS counties in Utah, especially Washington County. This is inexcusable. It is willful ignorance. The overwhelming scientific consensus supporting the safety of vaccines is undeniable, but many Mormons, including some of my friends and neighbors, would rather get their information from unreliable sources. The result is sickness and, possibly, death. Measles is one of the most contagious viruses, and we had pretty well 86’d it, to use a popular metaphor. But it is back with a vengeance, because there is nothing more powerful in modern society than disinformation.

I can speak with a little authority on measles. I contracted the disease as a third-grader, and I can still remember a miserable Christmas school vacation, when I spent the whole two weeks lying on the couch, miserable. Fortunately, I had no serious complications, but many are not so lucky. Measles can kill and cause permanent impairment, but it can also reset your immune system, leaving you vulnerable to other diseases you were previously protected against. I’m old enough that the vaccine wasn’t used widely when I was young, so I now have natural immunity, as well as the additional immunity provided by several MMR inoculations. I also had chicken pox, mumps, and Rubella. So, I have pretty strong feelings about the benefits of vaccines.

I won’t offer here my advice to Church leaders, who have been almost completely silent on this issue, especially the current measles outbreak. Sam Brunson covered that angle very thoroughly in a recent By Common Consent post. Please read his commentary.

Anyway, here we are. Utah currently has the second worst measles outbreak in the U.S.; Americans have a life expectancy of 79 years, which is a full five years lower than citizens of Italy and Sweden; and if you live in a red state, it’s even lower. But guess what? Trump really doesn’t care.