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Tag Archives: inequality
The Pivot Point
The Pivot Point The massive economic shock following the banking collapse of 2007–8 is the direct cause of the crisis of confidence which is affecting almost all the institutions of western representative democracy. The banking collapse was not a natural event, like a tsunami. It was a direct result of man-made systems and artifices which […]
Unrealistically Great Expectations
Unrealistically Great Expectations Our expectations have continued ever higher even as the pie is shrinking.. Let’s see if we can tie together four social dynamics: the elite college admissions scandal, the decline in social mobility, the rising sense of entitlement and the unrealistically ‘great expectations’ of many Americans. As many have noted, the nation’s financial and […]
Torches and Pitchforks
Torches and Pitchforks The front page of our local paper struck a chord: The subject of wealth inequality has been on my mind ever since I started writing Slope fourteen years ago. I’ve written countless posts on it, and even dedicated a SocialTrade page to it, but a quick summary of my disposition could be boiled down to a […]
Blain: Global Reset Looms As “Inequality Bonfire Burns Out Of Control”
Blain: Global Reset Looms As “Inequality Bonfire Burns Out Of Control” Via Shard Capital’s Bill Blain, “Education is the most powerful weapon which you can use to change the world.. ” In the headlines this morning: https://www.morningporridge.com/stuff-im-watching So much stuff going on.. it’s shaping up to be a very interesting weekend. But, let me start with […]
We Don’t Need A New Deal: We Need A Whole New Deck
We Don’t Need A New Deal: We Need A Whole New Deck The gap between the earth’s wardens of wealth and the nearly eight billion humans under their control has grown wider and more dangerous but is beginning to be understood by some as a systemic problem and not simply a matter of evil leaders […]
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 […]
What can we do?
What can we do? Rainbow over the Tapajós River in the Amazon © Todd Southgate / Greenpeace At the University of Minnesota Dr. Nate Hagens teaches an honours course called “Reality 101: A Survey of the Human Predicament.” Hagens operated his own hedge fund on Wall Street until he glimpsed, “a serious disconnect between capitalism, growth, and […]
The Big Picture
The Big Picture Humanity has a lot of problems these days. Climate change, increasing economic inequality, crashing biodiversity, political polarization, and a global debt bubble are just a few of our worries. None of these trends can continue indefinitely without leading to a serious failure of our civilization’s ability to maintain itself. Taken together, these […]
Tomgram: Nomi Prins, A World That Is the Property of the 1%
Tomgram: Nomi Prins, A World That Is the Property of the 1% This year, I simply couldn’t get one fact out of my head: according to a 2017 report from the Institute for Policy Studies, three billionaires — Jeff Bezos, Warren Buffet, and Bill Gates — have amassed as much wealth as the bottom half […]
Breaking the Chains of Debt: Lessons from Babylonia for Today’s Student Crisis
Breaking the Chains of Debt: Lessons from Babylonia for Today’s Student Crisis Societies have tended to polarize between creditors and debtors since ancient times, but this tendency can and must be reversed. Today, the wealthy depict inequality in glowing colors as a byproduct of economies pulling ahead, “creating wealth” by innovations that add to prosperity. […]
An economy that does not grow?
An economy that does not grow? There is now plenty of evidence that economic growth is highly problematic for human welfare and survival. The evidence comes from three domains. 1) The ecological: continual growth uses up the resources that supply and the sinks that take the waste from human activity globally. 2) The social: economic […]
The SDGs: Transforming our World or Business as Usual?
The SDGs: Transforming our World or Business as Usual? Compared to their predecessors, the Millennium Development Goals, the Sustainable Development Goals (SDGs) are a step in the right direction: With their global validity, they acknowledge that change not only needs to happen in poor countries, but in rich countries too, see for example Goals 11-15 […]
UBS Warns Trump’s Trade Fights Are ‘Reversing 15-Years Of Global Progress’
UBS Warns Trump’s Trade Fights Are ‘Reversing 15-Years Of Global Progress’ Protectionism has cross-party support in the U.S., and nationalist parties continue to gain traction in Europe. Where there is inequality, there is a surge in protectionism; a risk that could trigger the next global economic crisis sometime around 2020. The Trump administration’s trade war and […]
Has America Become a Dictatorship Disguised as a Democracy?
Has America Become a Dictatorship Disguised as a Democracy? Still from “They Live.” “The poor and the underclass are growing. Racial justice and human rights are nonexistent. They have created a repressive society and we are their unwitting accomplices. Their intention to rule rests with the annihilation of consciousness. We have been lulled into a […]
Of Course The Fed Is Crazy
Of Course The Fed Is Crazy Pieter Bruegel the Elder The Triumph of Death 1562 Finally financial ‘markets’ go through a substantial dip, which Steve Mnuchin claims is just temporary and Donald Trump says is caused by the fact that the Fed is ‘loco’. Mnuchin may well be right, but it won’t be because he […]
