Meanwhile, we remain trapped in two countries. Each one is split by two narratives—Smart and Just on one side, Free and Real on the other. Neither separation nor conquest is a tenable future. The tensions within each country will persist even as the cold civil war between them rages on.

Real America isn’t a shining city on a hill with its gates open to freedom-loving people everywhere. Nor is it a cosmopolitan club to which the right talents and credentials will get you admitted no matter who you are or where you’re from. It’s a provincial village where everyone knows everyone’s business, no one has much more money than anyone else, and only a few misfits ever move away. The villagers can fix their own boilers, and they go out of their way to help a neighbor in a jam. A new face on the street will draw immediate attention and suspicion.

There’s so much money that goes to the creditors to the top 1 percent or 5 percent that there is no money for capital investment, there is no money for growth. And, since 1980 as you know, real wages in America have been stable. All the growth has been in property owners and predators and the FIRE sector, the rest of the economy is in stagnation.