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Tag Archives: of two minds
We Are All Hostages of Corporate Profits
We Are All Hostages of Corporate Profits We’re in the endgame of financialization and globalization, and it won’t be pretty for all the hostages of corporate profits. Though you won’t read about it in the mainstream corporate media, the nation is now hostage to outsized corporate profits. The economy and society at large are now […]
Keynesian Economics Is an Artifact of Cheap Energy
Keynesian Economics Is an Artifact of Cheap Energy Printing / borrowing money to generate the unsustainable illusion of “growth” sets up the collapse of the entire Keynesian edifice. Of the many delusions of modern economics, perhaps the greatest is that the dominant Keynesian model reflects permanent dynamics of advanced economies. Economics, along with other social sciences, […]
Could Germany Fracture?
Could Germany Fracture? All sorts of centralized organizations that appear rock-solid may well melt into air as the disintegrative dynamics gather momentum. Rising political and social discord that is generally being attributed to “populism” may actually be the re-emergence of ancient geographic and cultural fault lines. An often-overlooked manifestation of this might be the nation-state […]
Make Capital Cheap and Labor Costly, and Guess What Happens?
Make Capital Cheap and Labor Costly, and Guess What Happens? Employment expands in the Protected cartel-dominated sectors, and declines in every sector exposed to globalization, domestic competition and cheap capital. If you want to understand why the global economy is failing the many while enriching the few, start with the basics: capital, labor and resources. […]
Dear High School Graduates: the Status Quo “Solutions” Enrich the Few at Your Expense
Dear High School Graduates: the Status Quo “Solutions” Enrich the Few at Your Expense You deserve a realistic account of the economy you’re joining. Dear high school graduates: please glance at these charts before buying into the conventional life-course being promoted by the status quo. Here’s the summary: the status quo is pressuring you to […]
Onward to Stock Market Nirvana… Or Not
Onward to Stock Market Nirvana… Or Not Rising wedges tend to lead to declines, so ignore them. At long last, we have reached the Nirvana of consensus: the stock market is heading to new all-time highs. Even the perma-Bear camp seems to have accepted the inevitability of new all-time highs ahead: The FANG stocks are […]
Here We Go Again: Our Double-Bubble Economy
Here We Go Again: Our Double-Bubble Economy The bubbles in assets are supported by the invisible bubble in greed, euphoria and credulity. Well, folks, here we go again: we have a double-bubble economy in housing and stocks, and a third difficult-to-chart bubble in greed, euphoria and credulity. Feast your eyes on Housing Bubble #2, a.k.a. […]
What’s Wrong with the Economy: 9 Toxic Dynamics
What’s Wrong with the Economy: 9 Toxic Dynamics These nine dynamics are mutually reinforcing. Beneath the surface signals of an eternally rising stock market and expanding GDP, we all sense something is deeply, systemically wrong with the U.S. economy. These nine structural dynamics generate secondary dynamics, all of which are toxic to social mobility, sustainable […]
The Three Crises That Will Synchronize a Global Meltdown by 2025
The Three Crises That Will Synchronize a Global Meltdown by 2025 We’re going to get a synchronized global dynamic, but it won’t be “growth” and stability, it will be DeGrowth and instability. To understand the synchronized global meltdown that is on tap for the 2021-2025 period, we must first stipulate the relationship of “money” to […]
The U.S. Economy In Two Words: Asymmetric Gains
The U.S. Economy In Two Words: Asymmetric Gains The Status Quo is in trouble if the bottom 95% wake up to the asymmetric gains that are the only possible output of our hyper-financialized economy. The core dynamic of the U.S. economy in this era is asymmetric gains: the gains in income, wealth and power are […]
Burrito Index Update: Burrito Cost Triples, Official Inflation Up 43% from 2001
Burrito Index Update: Burrito Cost Triples, Official Inflation Up 43% from 2001 Welcome to debt-serfdom, the only possible output of the soaring cost of living. Long-time readers may recall the Burrito Index, my real-world measure of inflation. The Burrito Index: Consumer Prices Have Soared 160% Since 2001 (August 1, 2016). The Burrito Index tracks the […]
How Systems Collapse
How Systems Collapse This is how systems collapse: faith in the visible surface of abundance reigns supreme, and the fragility of the buffers goes unnoticed. I often discuss systems and systemic collapse, and I’ve drawn up a little diagram to illustrate a key dynamic in systemic collapse. The key concepts here are stability and buffers. […]
The Next Recession Will Be Devastatingly Non-Linear
The Next Recession Will Be Devastatingly Non-Linear The acceleration of non-linear consequences will surprise the brainwashed, loving-their-servitude mainstream media. Linear correlations are intuitive: if GDP declines 2% in the next recession, and employment declines 2%, we get it: the scale and size of the decline aligns. In a linear correlation, we’d expect sales to drop […]
Our Economy Is Failing Our Society
Our Economy Is Failing Our Society If we want to extend the opportunities for positive social roles to everyone, we have to change the way money is created and distributed in our economy. One of the most unrecognized dynamics of our era is the structural dependence of our society on our economy. One set of […]
Sustainability Boils Down to Scale
Sustainability Boils Down to Scale Only small scale systems can sustainably impose “skin in the game”– consequences, accountability and oversight. Several conversations I had at the recent Peak Prosperity conference in Sonoma, CA sparked an insight into why societies and economies thrive or fail: It All Boils Down to Scale. In a conversation with a […]
