Home » Economics (Page 103)
Category Archives: Economics
How the world embraced consumerism
How the world embraced consumerism (Image credit: Getty Images) Over the course of the 20th Century, capitalism moulded the ordinary person into a consumer. Kerryn Higgs traces the historical roots of the world’s unquenchable thirst for more stuff. _____ The notion of human beings as consumers first took shape before World War One, but became commonplace […]
Extreme weather and pandemic help drive global food prices to 46-year high
Extreme weather and pandemic help drive global food prices to 46-year high Current high food prices, combined with the ongoing pandemic, will make the global food supply highly vulnerable to extreme weather shocks in 2022. Aerial view of stranded barges along the Mississippi River in Louisiana, on August 30, 2021, in the wake of category […]
Printing and Borrowing Always Ends Badly
Printing and Borrowing Always Ends Badly As more countries copy the Federal Reserve’s monetary policy without the global demand of the US dollar, financing trade and fiscal deficits printing a weakening currency, nations become more dependent on the US dollar. Neither domestic nor international citizens demand local currency, and governments continue to build large fiscal and trade […]
Mainstream Economists Struggling to Hide the Incoming Economic Collapse
Mainstream Economists Struggling to Hide the Incoming Economic Collapse Photo by Annie Spratt For many years now there has been a contingent of alternative economists working diligently within the liberty movement to combat disinformation being spread by the mainstream media regarding America’s true economic condition. Our efforts have focused primarily on the continued devaluation of the […]
Is it possible that the world is approaching end times?
Is it possible that the world is approaching end times? I frequently write that the world economy is, in physics terms, a dissipative structure that is powered by energy. It can grow for a time, but eventually it reaches limits of many kinds. Ultimately, it can be expected to stop growing and collapse. It seems […]
Mayhem Beneath the Surface of the Stock Market
Mayhem Beneath the Surface of the Stock Market But on the surface, stocks still look hunky-dory. It’s amazing how individual stocks, at the tippy-top of the biggest stock market bubble in modern times, are getting taken out the back one by one to be crushed, but without denting the overall indices all that much. The […]
Running Out of Spare Capacity
Running Out of Spare Capacity Global oil markets could not have looked grimmer than back in the summer of 2020. COVID cases were increasing again and further global economic lockdowns were being threatened. Only two months before, oil prices had crashed into negative territory for the first time in history as global inventories had surged […]
Eurozone Inflation at a Record High
Eurozone Inflation at a Record High Inflation in the doomed Eurozone increased 4.9% in November, marking the highest level of inflation since the creation of the euro. The larger economies within the bloc experienced a significant rise in inflation, with Germany posting a 6% increase and France experiencing a 3.4% rise. Other nations saw extreme […]
Davos is Making the Central Bank Case for Gold
Davos is Making the Central Bank Case for Gold A few months ago I talked about the upcoming changes to the way adoption of Basel III’s new bank reserve rules would alter the gold market. In short my conclusion was similar to that of Alistair MacLeod’s and others, that Basel III should collapse the egregious manipulation of […]
The Fed Will Break the Economy
The Fed Will Break the Economy Last week, the Fed was handed an unexpected gift as first-time jobless claims fell to the lowest level since 1969, which gives the Federal Reserve the green light to continue tapering its $120 billion monthly purchases of U.S. Treasury and mortgage-backed securities. Given the Fed’s dual mandate of maximum employment and stable […]
Of grain and gulags: a note on work, labour and self-ownership
Of grain and gulags: a note on work, labour and self-ownership I’ll begin with a brief account of how our modern global grain trading system was invented in Chicago in the 19th century, which is maybe a bit of a jolt from the present focus of this blog cycle on the forms of property but hopefully […]
On Fossil Fuel Subsidies, the Facts Matter
On Fossil Fuel Subsidies, the Facts Matter The BC Green leader responds to the energy minister’s Tyee op-ed on provincial subsidies. LNG Canada’s marine terminal under construction. Photo via LNG Canada. In his Tyee op-ed on Monday titled “Let’s Talk Fossil Fuel Subsidies in BC,” Bruce Ralston, the provincial minister for energy, mines and low-carbon innovation, […]
Joseph Tainter on the Dynamics of the Collapse of Civilization
Joseph Tainter on the Dynamics of the Collapse of Civilization
#216. It’s now
#216. It’s now TIMING THE MOMENT OF FRACTURE When and how can we know that a change of direction is fundamental and lasting, rather than a temporary departure from established trends? That, in essence, is the call we need to make now. Far from being “transitory”, current conditions – including rising inflation, surging energy prices and […]
