Corporate America Is an Anti-Social Black Plague: Negative Network Effects Run Amok

The anti-social carnage unleashed by Corporate America’s “lock-in” / negative network effects has no real limits. Here’s the U.S.economy in a nutshell: Corporate America is an anti-social Black Plague, gorging on cartel-monopoly profits reaped from negative network effects running amok, enriching the few at the expense of the many and concentrating political power […]

Stock Market Cheerleading: Why Do We Celebrate the Super-Rich Getting Richer?

It’s not too difficult to predict a political rebellion against the machinery of soaring wealth and income inequality. The one constant across the media-political spectrum is an unblinking focus on the stock market as a barometer of the national economy: every major media outlet from the New York Times to Fox […]

Now That We’ve Incentivized Sociopaths–Guess What Happens Next

As long as central banks create and distribute trillions in conscience-free credit to conscience-free financiers and corporations, the incentives for sociopathy only increase. “Sociopath” is a word we now encounter regularly in the mainstream media, but what does it mean? Here is a list of 16 traits, many of which are […]

No Recession Ever Again? The Yellowstone Analogy

Just as forestry management’s policy of suppressing forest fires insured uncontrollable conflagrations, so central banks’ attempts to eliminate recessions insure a financial conflagration that will burn down the entire global financial system. The first task of those at the levers of neoliberal global capitalism is to deny that global capitalism […]

The Middle Class Is Now The Muddle Class

The net result is the muddle class has the signifiers but not the wealth, power, capital or agency that once defined the middle class. The first use of the phrase The Muddle Class appears to be The rise of the muddle classes (Becky Pugh, telegraph.co.uk) in January 2007. The “muddle” described the complex nature […]

Chumps: China Is Playing Trump and His Trade Team

If we put ourselves in the shoes of the Chinese negotiators, we realize there’s no need to sign a deal at all. The world’s worst negotiating strategy is to give the other side everything they want in exchange for worthless empty promises, yet this is exactly what Trump and his […]

The Political Parties and the Media Have Abandoned the Working “Middle Class”

Where is the line between “working class” and “middle class”? Maybe there isn’t any. Defining the “middle class” has devolved to a pundit parlor game, so let’s get real for a moment (if we dare): the “middle class” is no longer defined by the traditional metrics of income or job type […]

Has California Lost The Mandate of Heaven?

At that point, it’s too late: there’s no bid for overpriced decaying bungalows, overpriced tech stocks, etc. In Chinese history, natural disasters were viewed as portents that the The Mandate of Heaven (tianming or “Heaven’s will”) had been withdrawn from the ruling dynasty. Broadening this concept a bit to regional dominance and power, […]

Will MMT Work as Intended, Or Will It Trigger the Collapse of “Money”?

MMT is presented as the solution to the “problem” of insufficient government funding, but that’s not the real problem. Modern Monetary Theory (MMT) is presented as a means to painlessly fund the large-scale infrastructure / alternative energy spending the nation needs to rebuild and modernize. While most people support the goal […]

Recent Interviews on a Variety of Topics

Here’s a list of recent interviews. Since I do a lot of interviews and don’t always post them in a timely manner, here’s a list of recent interviews: X22 Spotlight: There Are Cycles In The World, We Are Now At The Stage Where Society Is Now Waking Up KunstlerCast 321 […]

This Is What Worries Me

In this disintegrative phase, people are increasingly indignant if their magical-thinking “solution” is challenged. It’s practically un-American to confess you’re worried. Can-do self-help and cheerfulness are expected, promoted and rewarded. So to say I’m profoundly worried about the state of the nation is to swim against the optimistic zeitgeist. Nonetheless, I’m […]

The Unraveling Quickens

Even if we don’t measure the erosion of intangible capital, the social and political consequences of this impoverishment are manifesting in all sorts of ways. The central thesis of my new book Will You Be Richer or Poorer? is the financial “wealth” we’ve supposedly gained (or at least a few of us have […]

Prying Open the Overton Window

If you’re truly interested in finding solutions to humanity’s pressing problems, then start helping us pry open the Overton Window. The Overton Window describes the spectrum of concepts, policies and approaches that can be publicly discussed without being ridiculed or marginalized as “too radical,” “unworkable,” “crazy,” etc. The narrower the Overton Window, the […]

What We’ve Lost

This is only a partial list of what we’ve lost to globalism, cheap credit and the Tyranny of Price which generates the Landfill Economy. A documentary on the decline of small farms and the rural economy in France highlights what we’ve lost in the decades-long rush to globalize and financialize […]

Welcome to the USSR: the United States of Suppression and Repression

We’re all against “fake news,” right? Until your content is deemed “fake news” in a “fake news” indictment without any evidence, trial or recourse. When propaganda is cleverly engineered, people don’t even recognize it as propaganda: welcome to the USSR, the United States of Suppression and Repression. The propaganda in the […]

Economic Decay Leads to Social and Political Decay

If we want to make real progress, we have to properly diagnose the structural sources of the rot that is spreading quickly into every nook and cranny of the society and culture. It seems my rant yesterday (Let Me Know When It’s Over) upset a lot of people, many of whom felt […]

Let Me Know When It’s Over

Maybe it’s my cheap seat or my general exhaustion, but the whole staged spectacle is beyond tiresome; I’ve had my fill. Let me me know when it’s over: yes, all of it: the impeachment, the trade dispute with China, U.S. involvement in Syria, the manic stock market rally and the 2020 […]

The Ultimate Heresy: Technology Can’t Fix What’s Broken

Technology can’t fix what’s broken, because what’s broken is our entire system.. The ultimate heresy in today’s world isn’t religious or political: it’s refusing to believe that technology can not only solve all our problems, it will do so painlessly and without any sacrifice. Anyone who dares to question this orthodoxy […]

America 2019: Even the Wealthy Are Poorer in Everything That Matters

The price we’re paying to keep our heads above water steepens while the pay-off is dropping off a cliff. A good friend related a story that goes directly to the heart of what’s broken in our way of life. My friend went to a reunion in Silicon Valley attended by the […]

Will the Clintons Destroy the Democratic Party?

History is full of ironies, and perhaps it will suit the irony gods for The Donald to take down the Republican Party and the Clinton dynasty to destroy the Democratic Party. Let’s start by stipulating my bias: I would cheer the collapse of both self-serving, venal political parties, which have stood […]