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Tag Archives: status quo
The Asymmetry of Bubbles: the Status Quo and Bitcoin
The Asymmetry of Bubbles: the Status Quo and Bitcoin Shall we compare the damage that will be done when all these bubbles pop? Regardless of one’s own views about bitcoin/cryptocurrency, what is truly remarkable is the asymmetry that is applied to questioning the status quo and bitcoin. As I noted yesterday, everyone seems just fine […]
The Future Is What We Make of It – Part 1
The Future Is What We Make of It – Part 1 Not everything that is faced can be changed. But nothing can be changed until it is faced. … Most of us are about as eager to change as we were to be born, and go through our changes in a similar state of shock. […]
The movement to replace neoliberalism is on the ascendency – where should it go next?
The movement to replace neoliberalism is on the ascendency – where should it go next? Ten years after the crash, the movement to replace neoliberalism is in the ascendency. Well organised campaigns cover everything from the promotion of pluralism in economic curricula to the application of new economic principles in local communities. Academics and campaigners, […]
The Problem Isn’t Populism: the Problem Is the Status Quo Has Failed
The Problem Isn’t Populism: the Problem Is the Status Quo Has Failed The top 5% who have benefited so immensely from the consolidation of wealth and power cannot confess the status quo has failed the bottom 95%. The corporate/billionaires’ media would have us believe that the crisis we face is populism, a code word for […]
Which Rotten Fruit Falls First?
Which Rotten Fruit Falls First? I predict the current investigations will widen and take a variety of twists and turns that surprise all those anticipating a tidy, narrowly focused denouement. The theme this week is The Rot Within. To those of us who understand the entire status quo is rotten and corrupt to its core, […]
The United States of Weinstein: Complicity, Greed and Corruption Is the Status Quo
The United States of Weinstein: Complicity, Greed and Corruption Is the Status Quo If integrity means more than any of these baubles, then prepare to fail. The theme this week is The Rot Within. The sordid story of Harvey Weinstein is being presented as an aberration. It is not an aberration; it is merely a […]
Our Protected, Predatory Oligarchy: Dirty Secrets, Dirty Lies
Our Protected, Predatory Oligarchy: Dirty Secrets, Dirty Lies If you want to understand why the status quo is unraveling, start by examining the feudal structure of our society, politics and economy. The revelations coming to light about Hollywood Oligarch Harvey Weinstein perfectly capture the true nature of our status quo: a rotten-to-the-core, predatory, exploitive oligarchy […]
Stagnation Is Not Just the New Normal–It’s Official Policy
Stagnation Is Not Just the New Normal–It’s Official Policy Japan is a global leader is how to gracefully manage stagnation. Although our leadership is too polite to say it out loud, they’ve embraced stagnation as the new quasi-official policy. The reason is tragi-comically obvious: any real reform would threaten the income streams gushing into untouchably […]
Loving Our Debt-Serfdom: Our Neofeudal Status Quo
Loving Our Debt-Serfdom: Our Neofeudal Status Quo Democracy (i.e. political influence) and ownership of productive assets are the exclusive domains of the New Aristocracy. I have often used the words neoliberal, neocolonial and neofeudal to describe our socio-economic-political status quo. Here are my shorthand descriptions of each term: 1. Neoliberal: the commoditization / financialization of […]
The Narrative of Fear and Insecurity
The Narrative of Fear and Insecurity On March 4 1933 FDR in his inaugural address to the American people said, “…the only thing we have to fear is…fear itself….” And it’s true. It is fear more than anything else that prevents people from turning away from what has failed them and stays their hand from picking […]
We’re in a Boiling-Point Crisis of Exploitive Elites
We’re in a Boiling-Point Crisis of Exploitive Elites The “fixes” to the stagnation of postwar Capitalism in the 1970s were financialization, globalism, and the sustained expansion of debt–all have run out of steam. Many of us have written about cycles in the past decade: Kondratieff economic cycles, business/credit cycles, the Strauss–Howe generational theory (an existential national crisis arises […]
Debt Has No Consequences? Color Me Skeptical
Debt Has No Consequences? Color Me Skeptical The entire status quo is based on the delusion that rapidly rising debt will never generate any negative consequences. Here’s a chart of America’s national debt, extended a mere dozen years into the future: the current $20 trillion in debt will double to $40 trillion, and that assumes […]
The Illusion of Progress
The Illusion of Progress This is precisely what you’d expect of a self-serving elite that was desperate to cloak the unhappy reality that the relative few are benefiting immensely at the expense of the many. The core narrative of politics everywhere is progress, i.e. “moving forward.” If progress isn’t being made, politicos and the system are […]
How Do We Design a DeGrowth Economy?
How Do We Design a DeGrowth Economy? The conventional objections to DeGrowth boil down to: it isn’t the status quo, so it can’t work. Actually, it’s the status quo that isn’t working. I’ve written about DeGrowth for many years, including Degrowth, Anti-Consumerism and Peak Consumption (May 9, 2013), Degrowth Solutions: Half-Farmer, Half-X (July 19, 2014) and And the Next Big Thing […]
