{"id":56169,"date":"2020-12-26T11:54:35","date_gmt":"2020-12-26T16:54:35","guid":{"rendered":"https:\/\/olduvai.ca\/?p=56169"},"modified":"2020-12-26T11:54:35","modified_gmt":"2020-12-26T16:54:35","slug":"the-most-hopeful-scenario-for-2021","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=56169","title":{"rendered":"The Most Hopeful Scenario for 2021"},"content":{"rendered":"<h3><a href=\"https:\/\/www.oftwominds.com\/blogdec20\/most-hopeful12-20.html\">The Most Hopeful Scenario for 2021<\/a><\/h3>\n<p><i>Choose wisely, America, or the options for a positive outcome will vanish like mist in Death Valley on a clear July afternoon.<\/i><\/p>\n<p><b>From the point of view of evolution, the most hopeful scenario for 2021 is the sudden and complete collapse of everything that is obsolete, inefficient, ineffective and sclerotic.<\/b>\u00a0When obsolete systems and entities pass away quickly, the cost and pain are processed and absorbed quickly as well: enterprises go bankrupt and their assets are liquidated, failed ventures close, and schemes that didn&#8217;t yield the desired benefits are scrapped.<\/p>\n<p><b>This is the evolutionary process.<\/b>\u00a0Whatever has lost its selective advantages will succumb to selective pressures and fade away.<\/p>\n<p><b>The problem arises when self-serving insiders siphon resources to keep their obsolete, inefficient, ineffective and sclerotic gravy-train protected from selective pressures.<\/b>\u00a0Keeping a terminally ill human alive is an analogy: it&#8217;s possible to extend the life of a terminally ill person at enormous expense and effort, but the patient isn&#8217;t restored to their previous health or vigor&#8211;that is no longer even a possibility. They are no longer their previous self, and this is why people choose to avoid extraordinary interventions in their final phase of life.<\/p>\n<p><b>Economically obsolete \/ terminal entities, on the other hand, always choose extraordinary monetary interventions to keep their gravy-train alive<\/b>, even if they bleed the rest of the economy dry in the process.<\/p>\n<p><b>If the buggy-whip industry existed today, Congress would grant it billions of dollars in low-interest loans, tax breaks and direct subsidies<\/b> so those who made fortunes in the buggy-whip industry would continue to prosper, not from a productive activity but from subsidies and loans that ultimately weaken the entire economy and society.<\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Most Hopeful Scenario for 2021 Choose wisely, America, or the options for a positive outcome will vanish like mist in Death Valley on a clear July afternoon. From the point of view of evolution, the most hopeful scenario for 2021 is the sudden and complete collapse of everything that is obsolete, inefficient, ineffective and [&hellip;]<\/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],"tags":[24078,303,538,587,3650],"class_list":["post-56169","post","type-post","status-publish","format-standard","hentry","category-economics","tag-charles-hugh-smith-2","tag-fed","tag-money-printing","tag-of-two-minds","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/56169","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=56169"}],"version-history":[{"count":0,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/56169\/revisions"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}