Though it is full of fallacies, so-called Marxian “class” analysis still pervades much popular and political discourse. This divisive worldview unnecessarily exacerbates conflicts between groups (so-called “classes”) and is a convenient worldview for the political state because it empowers it to treat all differences between groups as moral inequities and “problems” to be solved by treating groups unequally in the name of equity, justice, and fairness.

European countries are the largest welfare states in the OECD and among the highest in the World. At the same time, Europe’s economic dynamism has faded out and European leaders are getting increasingly worried about it. According to Christine Lagarde, the ECB President, Europe’s generous social model is at risk unless the region fixes a persistent decline in growth.

According to the Bureau of Labor Statistics’ latest price inflation data, CPI inflation in December accelerated while the month-to month increase hit a multi-month high.

The seasonally adjusted Consumer Price Index (CPI) rose 0.39 percent, month over month, in December, rising to a ten-month high. Year over year, the CPI rose 2.88 percent in December, not seasonally adjusted. That’s a five-month high.