
Welcome to This Week’s Leyendecker View
Life is a 162-game season. The goal is to be in first place at the end of the season. Strive to improve every day. Be patient and persistent. Do good things.
– Yours Truly
FAVORITE READS OF THE WEEK
Amazon prefers robots to humans
Will Amazon lead to a worker-demand decline?
Generative AI is shockingly ignorant
Garbage in, garbage out.
The girls who found God
Is a revival underway?
THINKING OUT LOUD
Do They Want Us to Fail?
We expose their failures
Do you ever get the sense plenty of leaders and bureaucrats around the world want the United States to fail? Why would so many countries, most especially plenty of those who claim to be our allies, want to see us fail?
What is it they don’t like about us? It’s that we expose their weaknesses and structural fallibility.
Our ingenuity, resilience, integrity, successful immigrant assimilation, and the American Dream all showcase what true freedom can create, which the great majority of countries around the world do not possess.
Freedom also creates room for error. And we have made plenty of mistakes. The creativity and resilience built into our systems means we can make mistakes—and still ultimately succeed. We can learn and grow from mistakes. We innovate around them. We get to trial-and-error our way to discoveries that change the world.
Countries without freedom lack the freedom to try, fail, try again, and eventually prevail. Countries with heavy and pervasive bureaucratic systems lack the slack to take big risks and the resilience to survive if they fail. Instead, failures can break them. In authoritarian regimes, failures threaten leaders who can lash out in ways that risk life and livelihood.
By succeeding so often while other countries stall out or fail, we threaten their illiberal, at best, approaches to freedom, economy, and society. And that threat can, to many of them, feel existential.
And now leaders can no longer control the flow of information. When you lose control of the message, you lose control of the people. Leaders around the world have a much harder time hiding their faults these days. More and more people are learning about their respective government’s inefficiency, unproductive activity, and self-dealing. The internet has broken the dam on what elites and bureaucrats for so long had the power to contain.
So what’s an increasingly irrelevant and disdained bureaucrat class overseeing managed decline to do? Wish for the failure of the one country that is making their failure impossible to hide. And they have some tools in their kit to attempt to do just that.
For decades, European elites and bureaucrats have been pushing climate narratives and policies that seek to limit the US from extracting our natural resources. This is their attempt to force our energy costs to match theirs—notoriously expensive and economically crippling—and make us reliant on other nations, sometimes malicious ones, for energy. If you refuse to embrace your own natural resources to lower your energy costs, force the US to raise theirs.
China is also in on the climate grift for self-interested reasons, as they have positioned themselves to be the world’s dominant “clean energy” product supplier. If you can exploit Europe’s and America’s green energy dysfunction for your gain, go all in, and burn enormous amounts of cheap coal along the way.
Why not exploit your workers, too? China is more than willing to pay millions of workers near-poverty wages that we cannot and will not match. This has been their lever to drive more of our labor overseas, which has hollowed out our middle class and now threatens our own economic sustainability. If keeping your people on the edge of poverty is what it takes to decimate the US’s once thriving manufacturing communities, that’s a good deal. Why not traffic in some opioids while you’re at it?
Then there are actors like Russia, North Korea, and, again, China looking to flood our social media with propaganda to divide us from within and even convince some of our own citizens to join their cause. If you don’t want to give your citizens freedom of speech, exploit America’s to create chaos on our shores, erode our national trust, and wear us down so dramatically that a crisis large enough could take us down as a global power.
If these countries succeed, then the pressure is off. The US will no longer loom large and underscore their flailing governments. Their people will simmer down. And the powerful will remain in power.
Or at least they hope. Their failure to understand the value of freedom does much more than keep them stuck in ineffective governance and economies. It keeps them from seeing that a collapsed America would likely collapse the world. Then even the elites would wish they’d joined us instead of beating us down.
THE RANDOMS
Since Europe’s climate change policies won’t allow them to extract hydrocarbons from their own countries, they’ve been importing Russian gas and financing Russia’s war on Ukraine. So how many people have been killed in Ukraine because of Europe’s climate change policy?
The EU just issued its 19th package of sanctions on Russia. If the previous 18 sanctions didn’t work, why aren’t they taking a different and more forceful approach? How many more people are going to die because of EU bureaucratic bumbling?
China has supposedly grown a commanding lead in manufacturing because of their use of robots. They now have more robots working than the rest of the world combined. Some worry the US is too far behind to catch up. Europe? They are even further behind. So here’s the question: If China has such a lead using robots, what jobs do they have for their one billion citizens?
It appears a great number of people participated in last weekend’s “No Kings” protests. Do these people believe anyone in this country is capable of becoming a king? They must not know our history or how our political system works.
The No Kings movement seems to verify how poorly educated and/or knowledgeable many people in this country are. Or maybe it tells us that too many people have too much time on their hands these days. As the saying goes, An idle mind is the devil’s workshop.
I recently wrote an essay about the consequences of government policy. Here’s a new way policy can run amok: More people are under reporting income so they can get more Obamacare subsidies. That means the government is collecting fewer federal income taxes while it’s simultaneously paying out more in health insurance subsidies.
ECONOMIC NEWS
Economy
Inflation picks up a bit
Consumers keep spending
When will Chicago go bankrupt?
Turnaround or meltdown?
State-by-state poverty rates
Labor
More jobs coming to rural America
AI is making hiring harder
Is jobless growth the new normal?
The Health Scene
Health insurance, it’s unaffordable
Blood test breakthrough spots cancers
Retinal implant restores vision
The Lone Star
Houston getting another new factory
Shoe company moving factory to Austin
Solar shingle company moves to Austin
BUSINESS
Finance
Private credit returns have peaked
Could credit woes cause stocks to fall?
BDCs are under the microscope
Lessons from a Wall Street loser
Real Estate
Home sales rise a little
Starbucks could cause problems for retail
Renters are conning their way into apts
Where living alone is most affordable
Tech
The Internet is more fragile than we know
Tech is creating a huge waste problem
RIP, Windows 10 and its 400MM trashed computers
AI
AI browsers are the future
Chipmaker Broadcom comes into AI fold
OpenAI launches its own web browser
CA to regulate AI chat bots
Energy Transition
Porsche hits reverse on EVs
Fossil fuels to dominate energy past 2050
EU to water down climate rules
A climate change prophet backtracks
Green steel isn’t happening
THE NATION
The Washing-Tone
Trump administration releases farm aid
Trump turns up the heat on Latin America
Trump cuts aid to drug making Colombia
Trade
Trump terminates trade talks with Canada
The Chinese trade strategy
Trump to meet Xi next week
US and Australia sign critical minerals deal
Poor Harvard
The school loses $113MM from operations
But brings in $629MM in donations
While endowment earns almost $4B this year
Social Trends
Gambling is destroying sports
154,000 NYC students are homeless
TMC, too many choices is not good
How about Portland’s naked bikers?
GEOPOLITICS
Global
India’s most valuable export is workers
US tries to thwart Chinese Argentine efforts
Japan moves to the right
Bolivia votes to end socialism
Pakistan and Afghanistan agree to cease fire
Europe
German-Chinese relationship is strained
China investment in Europe evaporates
French socialists want a wealth tax
Italy ups taxes on the rich
France is a political basket case
Ukraine
Putin rattles the nuclear option again
Ukraine’s allowed to use long range missiles
Trump sanctions big Russian oil companies
Russia’s demands for a deal
Middle East
Egypt wants US to lead Gaza peacekeeping force
Gaza violence continues
$67B needed to rebuild Gaza
Iran and Russia sign $25B nuclear deal
Pakistan courts Trump with a seaport deal
China
China steps up campaign to de-dollarize
China seeks to be tech self-reliant
China’s cheaper AI gaining global traction
China struggles with “involution”
War Creep
Estonia, a future military tech center
US Army taps private equity
Space warfare comes into focus
China accuses US of cyberattack
MAKING A BETTER YOU
Mind
Get more quiet time.
Simple steps to prevent dementia
Inhibition is a giant people magnet
How to quickly get into flow
Body
Get more outside time.
Foods we should avoid
The healing power of nature
Five keys to a healthy diet
FUN STUFF
Let your hair down, baby! Even if you’re all alone.
The Extraordinary
This extraordinary movie was released in 1927
America’s spookiest cities
France has a 385-mile food trail
Music That Found Us
Let’s piano out!
Eric Lu’s Chopin winning performance
Bill Evan’s “Peace Piece”
Erik Satie’s Gymnopédies & Gnossiennes serenity
Eydís Evensen performing live
Worth a Watch
The Mastermind shines.
Ben Whishaw in Peter Hujar’s Day.
Jennifer Lawrence in Die, My Love.
The Yum Yums
Thinking about chili…
Texas chili
New Mexico hatch green chili
Alabama chili
Sweet Italian sausage chili
Southern soul food chili
Spicy creole chili
Chili with beans
Healthy turkey chili
White chicken chili
Creamy white bean chili
Meatball chili
PARTING THOUGHTS
Yesterday’s home runs don’t win today’s games.
– Babe Ruth
IN CASE YOU MISSED IT
Negotiator in Chief
October 17, 2025
The Consequences of Policy
October 10, 2025
The Income and Wealth Gap
October 3, 2025
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