The Rise of the Tech Hamiltonians

"The greatest wave of immigration in American history, with over 70 million immigrants arriving in the U.S. since 1965, is refashioning the demography and culture of neighborhoods all over the country. The rise of social media has disrupted both the media system and political parties. Financial markets gyrate, industries rise and fall at blistering rates, and new life-changing technologies appear faster than we can adjust to them."

"Legal challenges to constitutional doctrines underpinning the modern American administrative state wend their way through increasingly sympathetic courts, promising sweeping changes to the ways our most important institutions act. The financial underpinnings of government programs look disturbingly shaky, with roughly 40 percent of Americans telling pollsters that they think neither Medicare nor Social Security will last another 10 years. Meanwhile the ominous rise of adversarial great powers, continued worries over terrorism and cyberattacks, and the general"

The Information Revolution is accelerating, reshaping international power balances, the future of work, and American culture and politics. Massive immigration since 1965 is refashioning neighborhood demography and culture. Social media has disrupted the media ecosystem and political parties, while financial markets and industries change at blistering rates as transformative technologies arrive faster than adaptation. Legal challenges to administrative-state doctrines are moving through sympathetic courts, threatening sweeping institutional changes. Public confidence in programs like Medicare and Social Security is low. Rising great-power competition, terrorism, and cyber threats undermine the post–Cold War peace. The rise of Donald Trump reflects and amplifies these wider upheavals, forging new political coalitions including segments of Silicon Valley.

Read at The Atlantic