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It’s Not About Saving the Planet, It’s the Big Daddy We Need To Look For
It’s Not About Saving the Planet, It’s the Big Daddy We Need To Look For Don’t tell Greta, but the hits keep coming for wind projects… For perspective, $4 billion equals about 28 billion DKK. Orsted’s equity is 76 billion DKK, so that $4 billion hit is equivalent to some 37% of its market cap. […]
ALICE Doesn’t Work Here Anymore
ALICE Doesn’t Work Here Anymore What the political class and the Financial Nobility don’t yet grasp is that ALICE will never go back to her insecure, low-wage job, ever. Meet ALICE: Asset Limited, Income Constrained, Employed, at least she was employed until the pandemic presented impossible choices between taking care of her children and their education, […]
The American Economy in Four Words: Neofeudal, Extortion, Decline, Collapse
The American Economy in Four Words: Neofeudal, Extortion, Decline, Collapse Our society has a legal structure of self-rule and ownership of capital, but in reality it is a Neofeudal Oligarchy. Now that the pandemic is over and the economy is roaring again–so the stock market says–we’re heading straight back up into the good old days […]
The New Normal: Extremes of Neofeudalism, Incompetence, Authoritarianism and Relocalization
The New Normal: Extremes of Neofeudalism, Incompetence, Authoritarianism and Relocalization The pendulum swung to an extreme of globalization, financialization, centralization and monopoly, all of which created extreme systemic fragility. Here’s what to expect in the rapidly evolving New Normal: extremes become even more extreme as the status quo attempts to force compliance with its last-ditch schemes […]
The Lessons of Rome: Our Neofeudal Oligarchy
The Lessons of Rome: Our Neofeudal Oligarchy Our society has a legal structure of self-rule and ownership of capital, but in reality it is a Neofeudal Oligarchy. The Inheritance of Rome: Illuminating the Dark Ages 400-1000 is not an easy, breezy read; its length and detail are daunting. The effort is well worth it, as the book […]
The US will become a neo-feudal nation
The US will become a neo-feudal nation The Western world is heading for the next big social and economic crisis. America’s hegemony is waning and its establishment is fighting among themselves. To uphold American supremacy, President Trump and his administration are trying to reshape the nation into a neo-feudal society with a new relationship between […]
America Has a “Neo-feudal” System
America Has a “Neo-feudal” System The conventional definition of a Bear is someone who expects stocks to decline. For those of us who are bearish on fake fixes, that definition doesn’t apply: we aren’t making guesses about future market gyrations (rip-your-face-off rallies, dizziness-inducing drops, boring melt-ups, etc.). No, we’re focused on the impossibility of reforming […]
Neofeudalism Isn’t a Flaw of the System–It’s the System Working Perfectly
Neofeudalism Isn’t a Flaw of the System–It’s the System Working Perfectly Fakery is always precarious: the truth about the asymmetries of power might slip out and spread like wildfire. I’ve been writing about neofeudalism and its cousin neocolonialism for seven years: 500 Million Debt-Serfs: The European Union Is a Neo-Feudal Kleptocracy (July 22, 2011) The […]
France in a Nutshell: “The Government Stopped Listening to the People 20 Years Ago”
France in a Nutshell: “The Government Stopped Listening to the People 20 Years Ago” The elites’ clever exploitation of politically correct cover stories has enthralled the comatose, uncritical Left, but not those who see their living standards in a free-fall. A family member who has lived in France for decades summarized the source of the […]
Bearish on Fake Fixes
Bearish on Fake Fixes This systemic vulnerability is largely invisible, and so the inevitable contagion will surprise most observers and participants. The conventional definition of a Bear is someone who expects stocks to decline. For those of us who are bearish on fake fixes, that definition doesn’t apply: we aren’t making guesses about future market gyrations (rip-your-face-off […]
The Politics of Debt-Serfs and Tax Donkeys: Our Only Choice Is the Least Bad Option
The Politics of Debt-Serfs and Tax Donkeys: Our Only Choice Is the Least Bad Option The reality is there is no avenue left for advocacy, grievances or redress in a system dominated by global corporations and self-serving political insiders. What’s striking about the protests in Paris against higher fuel taxes is the universality of the […]
Droit du Seigneur and the Neofeudal Privileges of Class in America
Droit du Seigneur and the Neofeudal Privileges of Class in America Want to understand the full scope of neofeudalism in America? Follow the money and the power and privilege it buys. The repugnant reality of class privilege in America is captured by the phrasedate rape: the violence of forced, non-consensual sex is abhorrent rape when […]
Trump Seeks Congressional Funding for 60,000-Man Army to Overthrow Assad
Trump Seeks Congressional Funding for 60,000-Man Army to Overthrow Assad ISIS, or ISIL, or Islamic State, has been almost completely defeated in Syria, but the U.S. Department of Defense is requesting an increase instead of a decrease in funding to support “Vetted Syrian Opposition,” or fighters in Syria against Syria’s Government, and it refers to […]
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 […]
Welcome to Neocolonialism, Exploited Peasants!
Welcome to Neocolonialism, Exploited Peasants! The U.S. peasantry has been stripmined exactly like the powerless colonial peasantry in the old colonial model. In my latest interview with Max Keiser, Max asked a question of fundamental importance: (I paraphrase, as the interview has not yet been posted): now that the current iteration of capitalism has occupied every […]
