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The Global 1% Is Destroying Democracy
The Global 1% Is Destroying Democracy Unraveling a web of dark money “Wherever you live in the world, you’ve been robbed. Not by a hidden bandit, but a global kleptocracy: the super-rich who’ve managed to rob the poor blind in every corner of the globe for the past seven decades.” — Michelle Chen We’re living in a time […]
Sustainable Development Goals: No More Complacency, Urgency Needed!
Sustainable Development Goals: No More Complacency, Urgency Needed! “We face mounting challenges in the form of growing numbers of conflicts, rising inequality, erosion of human rights, unprecedented global humanitarian crisis….climatechange is moving faster than we are; yet we see insufficient political will to meet commitments.” Remarked UN Secretary General António Guterresin the closing of the […]
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 […]
Post Peak Minsky—Debt, Unsustainability, and Inequality
Post Peak Minsky—Debt, Unsustainability, and Inequality It has occurred to me that the fungibility of public debt is not sufficiently recognized—and perhaps of private debt as well. In other words, when our government in the U.S. engages in deficit spending, the focus is generally on who, precisely, is the immediate beneficiary. As Richard Heinberg notes […]
The Richest 1% Will Own Two-Thirds Of Global Wealth By 2030, Report Finds
The Richest 1% Will Own Two-Thirds Of Global Wealth By 2030, Report Finds Back in November, Credit Suisse highlighted an alarming – yet altogether unsurprising – milestone in the increasing concentration of global wealth that has been perhaps the most influential force behind the populist revolts that rocked the US in 2016 and have continued […]
Bain: Collision Of Demographics, Automation, And Inequality Signals Societal Catastrophe
Bain: Collision Of Demographics, Automation, And Inequality Signals Societal Catastrophe Earlier this month, John Mauldin hosted the Strategic Investment Conference 2018, a three-day investor conference with 20 financial experts discussing everything from the global economic outlook for the next 12-months, along with trading strategies to overcome significant geopolitical, economic, and technological risks. One panel was […]
Latest Wealth Data Shows Disproportionate Gains to the Rich During Era of QE
LATEST WEALTH DATA SHOWS DISPROPORTIONATE GAINS TO THE RICH DURING ERA OF QE Analysts will be watching the Bank of England closely this Thursday for any hints about its plans to raise interest rates. But despite rumours of further hikes, it’s worth remembering that we’re still living in an unprecedented era for monetary policy. Interest […]
These Are The Top Global Risks For 2018 According To The World Economic Forum
These Are The Top Global Risks For 2018 According To The World Economic Forum As the World Economic Forum scrambles to accommodate the additional security measures necessitated by president Donald Trump’s decision to break with presidential tradition and attend Davos this year, the organization has released what’s become an annual tradition: Its report of what […]
Social Change Will Upend the Status Quo
Social Change Will Upend the Status Quo The nation is fragmenting because the Status Quo is failing the majority of the citizenry. The core narrative of the Status Quo is that nothing fundamental needs to be changed: all the problems can be solved with more “free money” (borrowed from the future at low rates of […]
“Wealth Effect” = Widening Wealth Inequality
“Wealth Effect” = Widening Wealth Inequality Note that widening wealth and income inequality is a non-partisan trend. One of the core goals of the Federal Reserve’s monetary policies of the past 9 years is to generate the “wealth effect”: by pushing the valuations of stocks and bonds higher, American households will feel wealthier, and hence […]
Do we have the wrong model of human nature?
Do we have the wrong model of human nature? Are we wrong to believe that competitiveness must and always will be the central animating principle of human action? Media studies scholar Michael Karlberg thinks so. In fact, he believes that another animating principle, mutualism, is both central to human interaction and necessary to aid human […]
Pecking Order
Pecking Order Out of all the animals we keep on our “farm”, chickens are the only ones that bring me no joy. Chickens are, by nature, brutal and cruel. They will torture the weak to death with their pecks, not because they have to, but because they can. It’s the way their brains are hard-wired, […]
