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Tuesday, 22 September 2026
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Written by Margaret Dickson

When it comes to politics, apparently not.
Nothing—not child and domestic abuse, not illicit love affairs, not 60-something electeds traveling with 20-somethings of the opposite gender, not indictments for securities fraud, or allegations of bribery and obstruction of justice, even impeachment—seems to affect voters. We just keep electing these people year after year, state after state.
Nothing seems offensive, repulsive, or derelict enough to prevent anyone from serving in elective office from the Presidency down to our own North Carolina member of Congress who was censured by his colleagues but who remains in office as you read this. Our current President once bragged that he could shoot someone on Fifth Avenue without consequences, and that has been true so far. As Amanda Taub put it in The New York Times, “his political fortunes have remained buoyant even after he was impeached twice, was found civilly liable for sexual abuse and enriched himself by billions of dollars while in office.”
The entire concept that actions have consequences no longer appears to be true, as no action appears reprehensible enough to make individuals unelectable, much less shameful.
Given our state of affairs today, the premise of Nathanial Hawthorne’s The Scarlet Letter seems positively quaint.
That said, we have to wonder how we got to this truly dreadful and terrifying point. If no action is ever wrong, then is every action acceptable?
Political scientists are increasingly pointing at political polarization, not just in the United States but around much of the world.
The argument goes something like this. My political beliefs are superior to yours, and my “team” is promoting the correct policies while your beliefs and your team’s actions are hurting our nation. Therefore, whatever my “teammates” do must be ignored or excused for the good of all. This argument is made by both sides with varying degrees of strength and truthfulness. We are appalled by the crooks and perverts on the other team while we give our own guys and gals a pass no matter what they have done.
I would be massively relieved if I thought this were reparable by people of good will and faith in humanity, but I do not. People in other countries polarized by right and left suffer from the same loss of shame that apparently accompanies acute political division, and they seem no closer to healing than we are. Elected officials at all levels feel totally free to behave and take illegal actions with abandon, secure in the knowledge that the voting public that supports them will be fine with it.
Amanda Taub assessed the loss of shame in public life this way in the Times.
Our current political state “has serious implications for accountability. That chain reaction was traditionally one of the ways that norms and rules were enforced in democracies. If the power of scandal goes away, then we’re left with a vicious cycle in which moral or legal wrongdoing doesn’t lead to consequences, which undermines trust in government and public institutions, which in turn widens polarization and allows more corruption, abuse and lawbreaking. This cycle is hard to break.”
Abraham Lincoln understood the American people, and he said this almost 200 years ago about the danger to our nation.
“It cannot come from abroad. If destruction be our lot, we must ourselves be its author and finisher. As a nation of freemen, we must live through all time, or die by suicide.”
I pray we can survive ourselves.
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Tuesday, 22 September 2026
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Written by John Hood
On a single day of catching up on the latest business news, I happened across five stories with a direct bearing on a key sector of North Carolina’s economy. The Wall Street Journal, for example, reported on a severe downturn in the pulpwood market, including the closure of mills, potential delays in the replanting of commercial forests, and shifts in business practices and consumer preferences that don’t auger well for the industry. The Journal also noted the pending expiration of intellectual-property protections for key pharmaceuticals, calling it “the biggest patent cliff in decades.”
Closer to home, Triangle Business Journal covered surging interest in banking mergers and acquisitions, due in part to federal regulations, and reported that North Carolina hospitals have some of the longest emergency-department visit times in the country, due in part to capacity constraints. Meanwhile, sister publication Triad Business Journal described public opposition to new data centers and its potential to crimp new investment and growth in tech companies in the region and beyond.
I wouldn’t describe this day’s collection of business stories as unique — or uniquely troubling. On the same day, these and other media outlets also reported on business expansions, new commercial and residential development, and innovative new technologies that hold great promise for customers, workers, investors, and suppliers. Modern economies are dynamic, not static. If we want the many benefits of free enterprise, we can’t also have perfectly stable markets for goods, services, and labor. It’s simply not possible.
North Carolinians should understand the tradeoff better than anyone in the country. Since the founding of what became our state more than three centuries ago, our economy has undergone a series of radical transformations.
In its early decades, North Carolina was almost entirely agrarian. Plantations dependent on slavery and indentured servitude produced tobacco in the northeast and rice in the southeast, while subsistence farmers and Indian communities reliant on corn, squash, bean, fish, and game inhabited much of the backcountry. By the time of the American Revolution, wood products had become a major industry, generating hardwood timber for homebuilding and barrel-making as well as pine tar, pitch, and turpentine for the construction of commercial and military ships.
Cotton came later, as did the damming of North Carolina’s numerous but not easily navigated rivers, which laid the foundation for furniture, textile, and apparel manufacturing. Early gold rushes in the Carolina backcountry combined with the state’s traditionally light regulation of branch banking laid the foundation of another signature sector of our future economy: financial services.
As economist Michael Walden explained in two essential books — North Carolina in the Connected Age (2008) and North Carolina Beyond the Connected Age (2017) — a strategic triad of tobacco, textiles, and furniture emerged in the early 20th century and by the 1960s represented most of our industrial output and a quarter of the state’s total employment. By the entire of the century, however, this Big Three had been eclipsed by a Big Five: technology, pharmaceuticals, financial services, food processing, and vehicle parts.
Now, quarter-way through the 21st century, all these industries continue to evolve while others emerge, often powered by artificial intelligence. If “experts” tell you they know for sure how it will all turn out, treat their prognostications the same way you do sports commentators: for entertainment purposes, if that’s your thing, but not for investment purposes.
What I think we can forecast with great confidence is that, if markets are left free to discover and spread new information, allowing producers and consumers to adjust in real time, our economy will keep growing and North Carolinians will keep reaping its benefits. Remember that, contrary to popular belief, our state is not deindustrializing. North Carolina’s total manufacturing output was higher in inflation-adjusted terms in 2025 than it was in 1997. Manufacturing of non-durable goods (such as socks) went down 15%, yes, but durables manufacturing (such as trucks) nearly doubled.
The more things change, the more the laws of economics remain the same.
Editor’s note: John Hood is a John Locke Foundation board member. His books Mountain Folk, Forest Folk, and Water Folk combine epic fantasy with American history (FolkloreCycle.com).