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#246: The Surplus Energy Economy, part 1
#246: The Surplus Energy Economy, part 1 FROM FIRST PRINCIPLES Introduction We have reached a turning-point at which economics and the economy have parted company. Orthodox economics continues to promise growth in perpetuity, but the economy itself is going in the opposite direction. The explanation for this is simple. Conventional economics assumes that the economy is […]
Here’s How “Prosperity” Ends: Global Bubbles Are Popping
Here’s How “Prosperity” Ends: Global Bubbles Are Popping So here we are: the global credit-asset bubbles are popping, and the illusory “prosperity” generated by the bubbles is about to tumble off a cliff. There are two kinds of prosperity, one fake, one real. Bogus “prosperity” depends on credit-asset bubbles inflating, magically creating “wealth” not from labor, […]
Why the Global Economy Is Unraveling
Why the Global Economy Is Unraveling Global supply chain logjams and global credit/financial crises aren’t bugs, they’re intrinsic features of Neoliberalism’s fully financialized global economy. To understand why the global economy is unraveling, we have to look past the headlines to the primary dynamic of globalization: Neoliberalism, the ideological orthodoxy which holds that introducing market […]
The Transition to a Sustainable Prosperity—A Stock-Flow-Consistent Ecological Macroeconomic Model for Canada
The Transition to a Sustainable Prosperity—A Stock-Flow-Consistent Ecological Macroeconomic Model for Canada Sunset over Lake Ontario (CC.0) Lucas George Wendt / Unsplash Summary This paper presents a stock-flow consistent (SFC) macroeconomic simulation model for Canada. We use the model to generate three very different stories about the future of the Canadian economy, covering the half […]
“The Focus is ‘Enough’ Rather Than ‘More’”
“The Focus is ‘Enough’ Rather Than ‘More’” The mainstream economics notion that unfettered growth accompanied by greater consumption and productivity benefits society is false, argues Rob Dietz, Program Director at the Post Carbon Institute. In an interview with getAbstract, he shares his vision of a new economic way forward. getAbstract: In a nutshell, could you give […]
Once “Prosperity” Falters, the Legitimacy of the Status Quo Evaporates
Once “Prosperity” Falters, the Legitimacy of the Status Quo Evaporates All we’re doing is waiting for the fake “prosperity” to crumble, and the resulting loss of credibility and legitimacy will follow like night follows day. The citizenry of corrupt regimes ruled by self-serving elites tolerate this oppressive misrule for one reason and only one reason: […]
Which Nations Will Crumble and Which Few Will Prosper in the Next 25 Years?
Which Nations Will Crumble and Which Few Will Prosper in the Next 25 Years? Adaptability and flexibility will be the core survival traits going forward. What will separate the many nations that will crumble in the next 25 years and those few that will survive and even prosper while the status quo dissolves around them? As […]
As The Perfect Storm Approaches, Most Americans Are Partying Instead Of Preparing
As The Perfect Storm Approaches, Most Americans Are Partying Instead Of Preparing I can’t think of a time when Americans were more apathetic about getting prepared, and yet this is exactly the time when the urgency to get prepared should be at the highest. Earlier today, my wife Meranda and I were discussing the fact […]
Breaking the Chains of Debt: Lessons from Babylonia for Today’s Student Crisis
Breaking the Chains of Debt: Lessons from Babylonia for Today’s Student Crisis Societies have tended to polarize between creditors and debtors since ancient times, but this tendency can and must be reversed. Today, the wealthy depict inequality in glowing colors as a byproduct of economies pulling ahead, “creating wealth” by innovations that add to prosperity. […]
What’s the Real Meaning of the Stock Market Swoon?
What’s the Real Meaning of the Stock Market Swoon? Nobody dares discuss it openly for fear of triggering a panic, but there aren’t enough lifeboats for everyone. There’s no shortage of explanations on the whys and wherefores of the US stock market’s recent swoon / swan-dive / plummet. Here’s a few of the many credible […]
Our Delusional Economy Is Poised To Slam Into The Brick Wall Of Reality
dailyhaha Our Delusional Economy Is Poised To Slam Into The Brick Wall Of Reality Will you thrive, merely survive, or fail? While life has always been uncertain, today our choices matter more than ever. The decisions each of us make today will determine if we thrive, merely survive, or fail during the future time of upheaval […]
Ten Years After the Crash, We Have Survived, But Have You Prospered?
Ten Years After the Crash, We Have Survived, But Have You Prospered? The year is 2018 and we have survived. Despite all the fear-mongering, all the pessimism, all the chaos, the markets are still here, and they are thriving. This has blown away many, as their are countless experts in the precious metals community and […]
Our “Prosperity” Is Now Dependent on Predatory Globalization
Our “Prosperity” Is Now Dependent on Predatory Globalization Nowadays, trade and “prosperity” are dependent on currencies that are created out of thin air via borrowing or printing. So here’s the story explaining why “free” trade and globalization create so much wonderful prosperity for all of us: I find a nation with cheap labor and no […]
The West Line Is Telling Us Where We Are Headed
The West Line Is Telling Us Where We Are Headed The west line theory states that the shipping center of the world moves in a westward direction slowly over the centuries. It started in the mid east and has moved west through the Mediterranean, Europe, North America and now sits over Asia. A shipping center usually […]
Is the World Becoming Less Free?
Is the World Becoming Less Free? Erosion of the rule of law and various civil liberties are causing the world to be a less free, less prosperous place. The Cato Institute has, in cooperation with the Canadian Fraser Institute and the German “Friedrich-Naumann Stiftung für die Freiheit,” assembled a comprehensive 396-page report on human freedom […]