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Olduvai III: Catacylsm
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charles hugh smith-Globalization = Permanent Instability

charles hugh smith-Globalization = Permanent Instability. Globalization continually creates imbalances that fuel a perpetual instability that gradually impoverishes every sector other than global capital. Globalization has two guaranteed consequences: permanent instability and endless boom-and-bust cycles. As noted in Forget “Free Trade”–Focus on Capital Flows, the key engine of globalization is mobile capital: capital that can borrow money for […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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