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Tag Archives: oftwominds
Be Your Own Medicine
Be Your Own Medicine Treatment of atomized individuals in a setting of atomized symptoms and treatments is by any measure the opposite of a system that encourages and enables everyone to be their own medicine. I recently saw a slogan that encapsulated what’s wrong with the U.S. healthcare system: Be Your Own Medicine. To Be Your Own Medicine is […]
Success Is a Source of Destabilization
Success Is a Source of Destabilization We tend to assume our system for understanding the cause of failure must be sound, because we’ve experienced Roaring Success for so long. Rip-Roaring Success is a funny thing: we assume it’s the goal of every person, household, enterprise and nation, but we overlook that rip-roaring success can be as […]
Top-Down “Solutions” = Institutionalized Serfdom, Bottom-Up Solutions = Reviving Opportunity
Top-Down “Solutions” = Institutionalized Serfdom, Bottom-Up Solutions = Reviving Opportunity If the “solution” doesn’t enable the accumulation of capital in all its forms by individuals and households, it isn’t a real solution–it’s just another top-down scheme that institutionalizes subsistence serfdom. Phrases like reviving the American Dream emit the lingering stench of empty political rhetoric mouthed by bought-and-paid-for […]
Central Banks Are Out of Tricks
Central Banks Are Out of Tricks Once the power to manage expectations has been lost, the central bank bag of tricks is empty. No one knows precisely how and when the global unraveling will impact their corner of the planet, but we do know one thing with absolute certainty: central banks are out of tricks. […]
The Coming Era of Financial Triage
The Coming Era of Financial Triage Virtually every major program of every major nation-state is financially unsustainable going forward. Though triage is typically used in a medical setting, we are entering an era when financial triage will increasingly be necessary on a household, enterprise and national level. The term triage may have originated during the Napoleonic Wars from the work […]
What’s Eroding the Middle Class?
What’s Eroding the Middle Class? This erosion of a self-employed, independent middle class was an important pre-condition for the collapse of Rome and the French Revolution. I have devoted many blog posts to the erosion of the middle class, for the specific reason that when the middle class–the layers of the economy between the Power Elites […]
Can We See a Bubble If We’re Inside the Bubble?
Can We See a Bubble If We’re Inside the Bubble? We want this time to be different so badly, we can almost taste it. If you visit San Francisco, you will find it difficult to walk more than a few blocks in central S.F. without encountering a major construction project. It seems that every decrepit low-rise […]
Are We Entering an Earnings/Sales Recession?
Are We Entering an Earnings/Sales Recession? Are corporate profits due for a retest of the lower channel line? If so, what happens to equity valuations when corporate profits plummet? Is the U.S. economy in recession? Is it heading for recession? These questions can only be answered in hindsight, but it’s worth looking for clues to what […]
The China Syndrome: The Coming Global Financial Meltdown
The China Syndrome: The Coming Global Financial Meltdown All the phantom wealth piled up in China’s boost phase is now melting down, and the China Syndrome will trigger a meltdown in global phantom assets. The 1979 film The China Syndrome took its name from the darkly humorous notion that a nuclear reactor meltdown in the […]
2016 Theme #5: The Systemic Failure of High Finance
2016 Theme #5: The Systemic Failure of High Finance This week I am addressing themes I see playing out in 2016. A number of systemic, structural forces are intersecting in 2016. One is the failure of high finance to fix the global economy’s systemic problems. The operative conceit of the past 7 years has been […]
2016 Theme #4: The End-Game of Debt-Fueled “Growth”
2016 Theme #4: The End-Game of Debt-Fueled “Growth” This week I am addressing themes I see playing out in 2016. A number of systemic, structural forces are intersecting in 2016. One is the end-game of debt-fueled “growth.” We can summarize the official “solution” to the Global Financial Meltdown of 2008 in one line: borrow and blow […]
2016 Theme #2: the Hollow Shell of Democracy
2016 Theme #2: the Hollow Shell of Democracy This week I am addressing themes I see playing out in 2016. A number of systemic, structural forces are intersecting in 2016. One is the hollowing out of democracy globally. Democracy has three distinct states of being: formal, in actual practice and informal. Nations that claim the mantle […]
2016 Theme #1: The Loss of Great Power Leverage
2016 Theme #1: The Loss of Great Power Leverage This week I am addressing themes I see playing out in 2016. A number of systemic, structural forces are intersecting in 2016. One is the decline of Great Power leverage. Once a nation’s civil society–broadly speaking, the institutions of social cohesion–has been shredded so that power […]
The Global Health Crisis Will Crush the Global Economy
The Global Health Crisis Will Crush the Global Economy The scale of the global epidemic of obesity, metabolic syndrome and diabetes are truly staggering. Though evidence of a looming global healthcare crisis is plainly visible, few seem to realize the consequences will be catastrophic to individuals, households and national economies. Here is a list—by no […]
If We Don’t Change the Way Money Is Created and Distributed, We Change Nothing
If We Don’t Change the Way Money Is Created and Distributed, We Change Nothing The only real solution in my view is to create and distribute money at the base of the pyramid rather than to those in the top of the pyramid. Many well-intended people want to reform the status quo for all sorts […]
