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Our Crisis of Competence
Our Crisis of Competence If this is what passes for competence while we cheerlead “the Roaring 20s”, then our delusion has reached “what looks like a permanently high plateau.” That America is mired in a crisis of competence appears to be yet another issue that can’t be addressed directly as it might upset the narrative control that all […]
Why Unregulated Capitalism Always Leads to Enshittification
Why Unregulated Capitalism Always Leads to Enshittification (right click to open chart in a new tab, or click here, to view full-size; like everything on my blog, my graphics are covered by Creative Commons licence) Lots of ideas work well in theory, but many of them don’t work out so well in practice, especially when the idea becomes […]
Why Shortages Are Permanent: Global Supply Shortages Make Fantastic Financial Sense
Why Shortages Are Permanent: Global Supply Shortages Make Fantastic Financial Sense The era of abundance was only a short-lived artifact of the initial boost phase of globalization and financialization. Global corporations didn’t go to all the effort to establish quasi-monopolies and cartels for our convenience–they did it to ensure reliably large profits from control and […]
Mass Education and the Climate Crisis: Lessons from the Pandemic (Part 2)
Mass Education and the Climate Crisis: Lessons from the Pandemic (Part 2) This is part two of a five-part essay that highlights lessons from the coronavirus pandemic which could advance the fight for a Green New Deal. Part one (published on Resilience.org here) argues that money is not scarce. Part two argues that control of […]
Workers’ Power vs. Climate Destroyers: What It Will Take to Save the Planet
Workers’ Power vs. Climate Destroyers: What It Will Take to Save the Planet Humanity faces a multi-faceted crisis. Endless wars of imperial aggression, both overt and covert– from Iraq, Syria, Libya and Afghanistan to Yemen, Palestine and Central and South America. These conflagrations compel those at the bottom of the economic pyramid to fight and die […]
Top U.S. Shale Producers Soaring Debt Service Guts Profits
Top U.S. Shale Producers Soaring Debt Service Guts Profits The massive debt accumulated by the U.S. Shale Industry is now decimating company profits. As company debts and interest rates rise, these shale producers interest expense also continues to increase. Debt service is not only cutting into company profits, but it also takes a great deal […]
Is Profit-Maximizing Data-Mining Undermining Democracy?
Is Profit-Maximizing Data-Mining Undermining Democracy? If targeting political extremes generates the most profit, then that’s what these corporations will pursue. As many of you know, oftwominds.com was falsely labeled propaganda by the propaganda operation known as ProporNot back in 2016. The Washington Postsaw fit to promote ProporNot’s propaganda operation because it aligned with the newspaper’s view […]
Believing The Impossible
silenceofmind.com Believing The Impossible Is necessary to rationalize today’s bubble markets “Alice laughed: “There’s no use trying,” she said; “one can’t believe impossible things.” “I daresay you haven’t had much practice,” said the Queen. “When I was younger, I always did it for half an hour a day. Why, sometimes I’ve believed as many as […]
We Need to Admit the Government Story About 9/11 is Bullshit
We Need to Admit the Government Story About 9/11 is Bullshit It wasn’t just me of course. It was an entire nation that was callously manipulated in the aftermath of that tragedy. The courage and generosity exhibited by so many New Yorkers and others throughout the country and indeed the world was rapidly transformed into […]
Canadian banks set to reveal quarterly earnings amid housing & debt concerns
Canadian banks set to reveal quarterly earnings amid housing & debt concerns Ratings agency Moody’s downgraded the credit ratings for Canada’s big banks earlier this month, citing concerns that over-stretched borrowers and high house prices have left lenders vulnerable to potential losses. (Dillon Hodgin/CBC) The Canadian banks are expected to benefit from rising U.S. interest […]
De-[Constructing] Growth: Decoupling Profits from Unsustainable Production*
De-[Constructing] Growth: Decoupling Profits from Unsustainable Production* Degrowth has been described as a “movement” rather than an ideology1, and as such it presents several variations. For some of its proponents, degrowth is a proxy for sustainable consumption, and to a lesser extent production2. A second group of degrowth advocates are those for whom an emerging […]
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 Fed Induced Farce
The Fed Induced Farce The minutes from the last Fed meeting were released on Wednesday afternoon. The minutes, along with a squadron of jabbering Fed heads lying about the economy doing great, pretty much locked in the most talked about .25% interest rate increase in world history. Evidently the Wall Street titans of greed have […]
