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Category Archives: Recession
The Real Threat to Democracy is Corrupting Wealth Inequality
By Charles Hugh Smith Source: Of Two Minds Imagine a town of 1,000 adults and their dependents in which one person holds the vast majority of wealth and political influence. Would that qualify as a democracy? Now imagine that 100 of … Continue reading
Posted in Authoritarianism, Corporate Crime, culture, Dystopia, Economics, elites, Empire, Financial Crisis, Inequality, Oligarchy, Recession, Social Control, Social Engineering, society, Sociology, State Crime, Technocracy
Tagged Democracy, Dystopia, economic inequality, Economics, elites, empire, Federal Reserve, financial crisis, Financialization, Globalization, Kleptocracy, Oligarchy, Plutocracy, Technocracy, Wealth Disparity
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The Illusion of Getting Rich While Producing Nothing
By Charles Hugh Smith Source: Of Two Minds Of all the mass delusions running rampant in the culture, none is more spectacularly delusional than the conviction that we can all get fabulously rich from speculation while producing nothing. The key characteristic … Continue reading
Posted in Corporate Crime, Corruption, culture, Dystopia, Economics, elites, Empire, Financial Crisis, Inequality, Neoliberalism, Oligarchy, Recession, Social Control, Social Engineering, society, Sociology, State Crime
Tagged Cartels, Economic Collapse, Economics, financial crisis, Late Stage Capitalism, Monopoly, overspeculation, speculative wealth
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The U.S. Economy In a Nutshell: When Critical Parts Are On “Indefinite Back Order,” the Machine Grinds to a Halt
By Charles Hugh Smith Source: Of Two Minds Setting aside the “transitory inflation” parlor game for a moment, let’s look at what happens when critical parts are unavailable for whatever reason, for example, they’re on back order or indefinite back order, i.e. the … Continue reading
Posted in Consumerism, culture, Dystopia, Economics, Empire, Financial Crisis, Labor, Neoliberalism, Recession, Social Control, Social Engineering, society, Sociology, Work
Tagged Corporate Globalization, culture, Economic Collapse, Economics, Federal Reserve, financial crisis, Inflation, Labor, Neoliberalism, scarcities, shortages, society, supply chains, Systemic Collapse, Work
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How Breakdown Cascades Into Collapse
By Charles Hugh Smith Source: Of Two Minds Maintaining the illusion of confidence, permanence and stability serves the interests of those benefiting from the bubbles and those who prefer the safety of the herd, even as the herd thunders toward … Continue reading
Posted in Corporate Crime, culture, Economics, elites, Financial Crisis, Geopolitics, Inequality, Neoliberalism, Oligarchy, Recession, Social Control, Social Engineering, society, Sociology, State Crime
Tagged Debt, Economic Collapse, Economics, ecoonomic inequality, Energy, Federal Reserve, financial crisis, global supply chain, hyper-globalization, leverage, money printing, Neoliberalism, Oligarchy, speculation
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Freedom Rider: How the billionaires rule
Predatory capitalism has driven down wages and created a dystopia for workers. By Margaret Kimberley Source: Intrepid Report President Calvin Coolidge said, “The business of America is business.” The expression is memorable because it always rang true. But nearly 100 … Continue reading
Posted in Activism, Authoritarianism, Corporate Crime, Corporate Welfare, Corruption, culture, Dystopia, Economics, elites, Empire, Financial Crisis, Inequality, Oligarchy, Recession, society, Sociology, State Crime
Tagged Amazon.com, culture, Dystopia, Economic Collapse, economic inequality, Economics, elites, financial crisis, General Strike, Jeff Bezos, Oligarchy, Plutocracy, Poverty, rulng class, society, unemployment
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Is Inflation “Transitory”? Here’s Your Simple Test
By Charles Hugh Smith Source: Of Two Minds Is inflation “transitory” in your household budget? Really? Where? The Federal Reserve has been bleating that inflation is “transitory”–but what about the real world that we live in, as opposed to the … Continue reading
Posted in culture, Economics, elites, Financial Crisis, Housing Crisis, Inequality, Neoliberalism, news, Oligarchy, Recession, Social Control, Social Engineering, society, Sociology
Tagged Economic Collapse, economic inequality, Economics, Federal Reserve, financial crisis, Inflation, Oligarchy, Wealth Concentration, Wealth Gap
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The Future is Hawaii
By Peter Van Buren Source: We Meant Well I have seen the future. It looks a lot like Hawaii. What I saw there (absent the beautiful beaches, confused tourists, and incredible nature) was a glimpse of the future for much … Continue reading
Posted in culture, Dystopia, elites, Empire, Financial Crisis, Health, Housing Crisis, imperialism, Militarization, military spending, Neoliberalism, Oligarchy, police state, Racism, Recession, Social Control, Social Engineering, society, Sociology, State Crime
Tagged Covid-19, culture, Dystopia, economic inequality, econoomics, elites, Hawaii, Homelessness, Larry Ellison, Militarization, military spending, Oligarchy, Pandemic, Poverty, society, Welfare
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What “Normal” Are We Returning To? The Depression Nobody Dares Acknowledge
By Charles Hugh Smith Source: Of Two Minds Perhaps we need an honest national dialog about declining expectations, rising inequality, social depression and the failure of the status quo. Even as the chirpy happy-talk of a return to normal floods the airwaves, … Continue reading
Posted in conditioning, Corporate Crime, corporate news, culture, Dystopia, Economics, education, elites, Financial Crisis, Inequality, Labor, media, Oligarchy, Psychology, Recession, Social Control, Social Engineering, society, Sociology, State Crime, Work
Tagged American exceptionalism, Anger, Corporate Welfare, culture, despair, downward mobility, Economic Collapse, economic inequality, Economics, Education, financial crisis, Inequality, Middle Class, Oligarchy, psychology, recession, social defeat, society, Sociology, systemic injustice, unemployment, Wealth Disparity
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Desultory Heroics 