{"id":42189,"date":"2019-01-01T10:54:13","date_gmt":"2019-01-01T15:54:13","guid":{"rendered":"https:\/\/olduvai.ca\/?p=42189"},"modified":"2019-01-01T10:54:13","modified_gmt":"2019-01-01T15:54:13","slug":"a-couple-of-thoughts-on-2019","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=42189","title":{"rendered":"A Couple of Thoughts on 2019"},"content":{"rendered":"

A Couple of Thoughts on 2019<\/a><\/h3>\n

The story of the 21st century is debt is soaring while earned income is stagnating for the bottom 95%.<\/i><\/p>\n

Best wishes to all my readers and correspondents for a safe, healthy and productive 2019.<\/b> Thank you, longstanding supporters, for renewing your financial support at the new year without any pathetic begging on my part. (The pathetic begging will commence shortly.)<\/p>\n

While I don’t have any predictions for 2019 (why look any dumber than I have to?), I do have a couple of thoughts on the economy, markets, globalization, etc.<\/b> Here are a few of the key issues confronting humanity:<\/p>\n

1. The war being waged by Corporate Power (Globalization \/ Open Borders) to eradicate democracy and the power of nation-states to control their own destiny.<\/b> Democracy ceases to exist in a corporate-controlled globalized system of governance; the sole structure that enables a citizen to have political and economic agency is the nation-state.<\/p>\n

Try voting for a U.N. resolution or E.U. regulation.<\/b> Sorry, pal, there are no elections or representation of the rabble in globalized governance. Globalization destroys democracy and the agency of the citizenry. That’s its goal.<\/p>\n

Global corporations seek to destroy any and all barriers to their power and profits, and globalization \/ tax havens \/ Open Borders are the means to co-opt, marginalize and neuter nation-states and the political and economic agency of the citizenry. The net result of Corporate Power controlling the machinery of governance is neofeudalism<\/i>.<\/p>\n

2. Energy and capital flows.<\/b> The status quo holds that energy flows don’t matter very much because energy represents a shrinking percentage of economic activity. In other words, capital is what matters, not energy, because capital can always buy whatever it wants.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

A Couple of Thoughts on 2019 The story of the 21st century is debt is soaring while earned income is stagnating for the bottom 95%. Best wishes to all my readers and correspondents for a safe, healthy and productive 2019. Thank you, longstanding supporters, for renewing your financial support at the new year without any […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3,5,6],"tags":[21635,127,12972,195,23683,587],"class_list":["post-42189","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","category-geopolitics","category-liberty","tag-21635","tag-charles-hugh-smith","tag-corporate-power","tag-debt","tag-globalizaiton","tag-of-two-minds"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/42189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42189"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/42189\/revisions"}],"predecessor-version":[{"id":42190,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/42189\/revisions\/42190"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}