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Tag Archives: of two minds
What If Politics Can’t Fix What’s Broken?
What If Politics Can’t Fix What’s Broken? This is the politics of decline and collapse.The unspoken assumption of the modern era is that politics can fix whatever is broken: whatever is broken in society or the economy can be fixed by some political policy or political process– becoming more inclusionary, seeking non-partisan middle ground, etc. What […]
The Doomsday Scenario for the Stock and Housing Bubbles
The Doomsday Scenario for the Stock and Housing Bubbles It was always folly to believe that inflating asset bubbles could solve the structural problems of a post-industrial economy. The Doomsday Scenario for the stock and housing bubbles is simple: the Fed’s magic fails. When dropping interest rates to zero and flooding the financial sector with loose […]
Sometimes the Best Solution Is To Leave Things As They Are
Sometimes the Best Solution Is To Leave Things As They Are We must distinguish between the oft-lauded creative destruction of what is obsolete and destruction in pursuit of fleeting fashion. I recently received an insightful email from a reader who had come across my archives of free-lance articles and essays on home and urban design. I wrote […]
What Caused the Recession of 2019-2021?
What Caused the Recession of 2019-2021? The banquet of consequences is now being served, but the good seats have all been taken.As I discussed in We’re Overdue for a Sell-Everything/No-Fed-Rescue Recession, recessions have a proximate cause and a structural cause. The proximate cause is often a spike in energy costs (1973, 1990) or a financial crisis triggered […]
2019: The Three Trends That Matter
2019: The Three Trends That Matter Look no further than Brexit in Britain, the yellow vests in France and the Deplorables in the U.S. for manifestations of a broken social contract and decaying social order. Among the many trends currently in play, Gordon Long and I discuss three that will matter as 2019 progresses: 2019 Themes (56 […]
he Coming Global Financial Crisis: Debt Exhaustion
The Coming Global Financial Crisis: Debt Exhaustion The global economy is way past the point of maximum debt saturation, and so the next stop is debt exhaustion.Just as generals fight the last war, central banks always fight the last financial crisis. The Global Financial Crisis (GFC) of 2008-09 was primarily one of liquidity as markets froze […]
A Recession Survival Guide
A Recession Survival Guide The funny thing about slashing your budget to survive a recessionary storm is that it works wonders whether the recession is deep or shallow. We know that after 10 years of expansion, a recession is baked in. Trees don’t grow to the moon, etc. We also know that some people will hardly […]
The Ruling Elites Love How Easily We’re Distracted and Turned Against Each Other
The Ruling Elites Love How Easily We’re Distracted and Turned Against Each Other No wonder the ruling elites love how easily we’re distracted and divided against ourselves: it’s so easy to dominate a distracted, divided, blinded-by-propaganda and negative emotions populace. Let’s say you’re one of the ruling elites operating the nation for the benefit of […]
Want to Heal the Internet? Ban All Collection of User Data
Want to Heal the Internet? Ban All Collection of User Data The social media/search giants have mastered the dark arts of obfuscating how they’re reaping billions of dollars in profits from monetizing user data, and lobbying technologically naive politicos to leave their vast skimming operations untouched. I’ve been commenting on the cancerous disease that’s taken […]
Two Ways the System Is Rigged: HFT and Oligarchic Inheritance
Two Ways the System Is Rigged: HFT and Oligarchic Inheritance The net result of a rigged system is the vast majority of the gains in income and wealth flow to the very tippy-top of the wealth/power pyramid. We often hear how the system (i.e. our economy) is rigged to benefit the few at the expense […]
France’s Ghosts of ’68: General Strike vs. Macron and the Technocrat Elites
France’s Ghosts of ’68: General Strike vs. Macron and the Technocrat Elites The Paris elites and their enablers may find that the next general strike won’t immobilize Paris, it will strangle Paris from the periphery. Eleven months ago, I posited in The Ghosts of 1968 (2/14/18) that the idealistic hope that mass demonstrations could trigger real reform […]
As Germany and France Come Apart, So Too Will the EU
As Germany and France Come Apart, So Too Will the EU If we follow the logic and evidence presented in these seven points, we are forced to conclude that the fractures in France, Germany and the EU are widening by the day. When is a nation-state no longer a functional state? It’s an interesting question […]
The Decline and Fall of the European Union
The Decline and Fall of the European Union This exhaustion of the neocolonial-neofeudal model was inevitable, and as a result, so too is the decline and fall of the European integration/exploitation project. That a single currency, the euro, would fracture rather than unite Europe was understood long before the euro’s introduction as legal tender on […]
The Recession Will Be Unevenly Distributed
The Recession Will Be Unevenly Distributed Those households, enterprises and organizations that have no debt, a very low cost basis and a highly flexible, adaptable structure will survive and even prosper. The coming recession will be unevenly distributed, meaning that it will devastate many while leaving others relatively untouched. A few will actually do better […]
If We Can No Longer Tell the Truth, We’ve Failed
If We Can No Longer Tell the Truth, We’ve Failed The Gulag Archipelago is not a distant memory; it lives on in every modern state, cloaked with modern-day technologies and the well-worn tools of suppression. The last thing addicts want to hear is the truth: the only thing more terrifying than the truth is the […]
