Good morning.

Tuesday in Whitewater will be partly cloudy with a high of 23. Sunrise is 7:03 and sunset 4:22 for 9h 19m 44s of daytime. The moon is a waning gibbous with 98.4% of its visible disk illuminated.

Whitewater’s Finance Committee meets at 5 PM. 

  On this day in 1895, the first American automobile race takes place over the 54 miles from Chicago’s Jackson Park to Evanston, Illinois. Frank Duryea wins in approximately 10 hours.

  A 11.21.23 essay from Brookings by author Homi Kharas describes what fuels middle-class optimism. (Kharas has a new book, The Rise of the Global Middle Class, that I have not yet read. For today, this post confines itself to Kharas’s 11.21 essay.) 

Kharas notes the rise of a global middle class:

Joining the middle class has been a ticket to the good life for two centuries now, a history I trace in a new book “The Rise of the Global Middle Class.” The American Dream, the glorious years of European reconstruction after World War II, miracle economic growth in Japan and other East Asian countries, Xi Jinping’s great rejuvenation of the Chinese nation, and India’s software revolution each brought hundreds of millions of people into the ranks of the global middle class. Today, thanks to this progress, most of the world, upwards of 4 billion people, enjoy a middle-class or better lifestyle for the first time ever.

Yes. (I’ll note that the period of China’s greatest economic success came only after liberalizing her economy toward freer markets, and that period of liberalization is regrettably over.)

Here’s how Kharas describes middle-class optimism:

Middle-class life satisfaction rests on two pillars. The first is the idea that hard work and self-initiative will lead to prosperity. The second is that thanks to this prosperity, the children of middle-class families will enjoy even more opportunities for the good life.

There’s a local aspect to this. To be successful, a community needs to have middle-class success. 

In Whitewater, CDA types in the decade from 2010-2020 failed to capitalize on state and national economic gains. See Whitewater’s Still Waiting for That Boom. (“While Wisconsin and America advanced, these gentlemen were left admitting reluctantly their own poor performance. (There was a national boom, uplifting many cities, but it passed by Whitewater. What did Whitewater get after the Great Recession, years into a national boom? Whitewater received a designation as a low-income community.  The gentlemen speaking, these ‘Greater Whitewater’ development men, were by their own accounts at the center of local CDA policy during most of the years that the state and national boom ignored Whitewater.) See also A Candid Admission from the Whitewater CDA (“This new EOZ program allows for private investments to be made, with significant tax benefits, in lower income communities like ours that need a boost to their economy,” said Larry Kachel, Chair of the Whitewater Community Development Authority (CDA).” Emphasis added.)

We have a chance for better. See A Development Director for Whitewater (“Whitewater’s development policy is meant to be a community development policy, not one captured against the public interest by a few. Who owns Whitewater? The proper answer — the answer suitable for a beautiful, well-ordered American town — is everyone and no one.”)

Rescued baby turtles scurry into the sea: