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Tag Archives: status quo
The Status Quo Has Failed and Is Beyond Reform
The Status Quo Has Failed and Is Beyond Reform The truth is the usual menu of reforms can’t stop this failure, so we have to prepare ourselves for the radical transformations ahead. That the status quo–the current pyramid of wealth and power dominated by the few at the top–has failed is self-evident, but we can’t […]
The Entire Status Quo Is a Fraud
The Entire Status Quo Is a Fraud Fraud as a way of life caters an extravagant banquet of consequences. This can’t be said politely: the entire status quo in America is a fraud. The financial system is a fraud. The political system is a fraud. National Defense is a fraud. The healthcare system is a […]
The Status Quo Plan – Convince the American Public to Accept Serfdom
The Status Quo Plan – Convince the American Public to Accept Serfdom Earlier today I came across a fantastic article published at Naked Capitalism by a writer known as Gaius Publius. Yves Smith introduces the piece with the following poignant passage: Let us not forget that the “things are going to get worse for you” story also conveniently […]
How The Seeds Of Revolution Take Root
Seita/Shutterstock How The Seeds Of Revolution Take Root What motivates a populace to rebel against a regime? That the dramatic upheavals of war, pestilence and environmental collapse can trigger social disorder and revolution is well-established. Indeed, this dynamic can be viewed as the standard model of social disorder/revolution: a large-scale crisis—often a bolt-from-the-blue externality—upends the […]
The Federal Reserve and the Global Fracture
The Federal Reserve and the Global Fracture This interview with Michael Hudson was conducted by Finnish journalist Antti J. Ronkainen. Antti J. Ronkainen: The Federal Reserve is the most significant central bank in the world. How does it contribute to the domestic policy of the United States? Michael Hudson: The Federal Reserve supports the status […]
The Opaque Process of Collapse
The Opaque Process of Collapse The ultimate cost of protecting the privileges of the few at the expense of the many is the dissolution of the social order that enabled the rule of the privileged few. When I write about the demise of unsustainable systems, readers often ask me to describe the collapse I see […]
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 […]
Federally Funded Think Tank Explains How U.S. Government Could Attack Decentralized Digital Currencies
Federally Funded Think Tank Explains How U.S. Government Could Attack Decentralized Digital Currencies The RAND report goes one step further and suggests that governments should use advanced technical means to actively disrupt virtual currencies. That includes terrorist groups, but also peaceful deployments of digital currencies by other non-state actors, and a general war on privacy […]
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 […]
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 […]
Why Even a Modest Disruption Will Shatter the Status Quo
Why Even a Modest Disruption Will Shatter the Status Quo Any modest reduction in debt, tax revenues, consumption or new borrowing will bring the entire Status Quo crashing down. Consider this clipping from the August 1932 San Francisco Chronicle newspaper: “Reduction of salaries of municipal employees and limitation of city positions to only one member […]
Why The Status Quo Is Doomed, Part 1
Why The Status Quo Is Doomed, Part 1 The current world-system is as doomed as the Titanic. We’re like the passengers on the Titanic 10 minutes after the mighty ship struck the iceberg: there is virtually no evidence to those on deck or those snug in their warm cabins that everything they reckoned was safe and secure was […]
A Stunning Admission From A BOE Central Banker: This Is What The Coming “Helicopter Money” Will Look Like
A Stunning Admission From A BOE Central Banker: This Is What The Coming “Helicopter Money” Will Look Like Back in early 2009, just around the time the Fed announced it would unleash QE1, we warned that any attempt to reflate the debt (a pathway which ultimately leads to hyperinflation as monetary paradrops are the only […]
