Category Archives: Recession

This Chart Defines the 21st Century Economy

By Charles Hugh Smith Source: Of Two Minds There is nothing inevitable about such vast, fast-rising income-wealth inequality; it is the only possible output of our financial and pay-to-play political system. One chart defines the 21st century economy and thus … Continue reading

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Why We’re Doomed: Our Economy’s Toxic Inequality

By Charles Hugh Smith Source: Of Two Minds Anyone who thinks our toxic financial system is stable is delusional. Why are we doomed? Those consuming over-amped “news” feeds may be tempted to answer the culture wars, nuclear war with North … Continue reading

Posted in Corporate Crime, Corruption, culture, Dystopia, Economics, Financial Crisis, History, Labor, Recession, Social Control, Social Engineering, society, Work | Tagged , , , , , , , , , , , , , , , , | 1 Comment

The New Economy: Unemployment and the Return of the American Hobo

By Sheldon Greaves Source: Cogito! A few years ago I read somewhere about a trend in the “gig economy” in which people who had been reduced to living in their cars or RVs roamed the country by the thousands; homeless, … Continue reading

Posted in Consumerism, culture, Dystopia, Economics, Financial Crisis, History, Recession, society, Sociology | Tagged , , , , , , , , , , , | 1 Comment

It’s time to call the housing crisis what it really is: the largest transfer of wealth in living memory

By Laurie Macfarlane Source: OpenDemocracy.net One of the basic claims of capitalism is that people are rewarded in line with their effort and productivity. Another is that the economy is not a zero sum game. The beauty of a capitalist … Continue reading

Posted in culture, Economics, elites, Financial Crisis, Housing Crisis, Inequality, Neoliberalism, Recession, Social Control, society, Sociology | Tagged , , , , , , , , , , , , , | 1 Comment

And empires die

Source: Intrepid Report Nothing ever seems to last, everybody changes oh so fast, promises made promises lost and pride is kept at any cost, And flowers die, and children cry, and lonely people carry on. —Palermo & Farruggio 1970 That … Continue reading

Posted in Conspiracy, Corporate Crime, Corruption, culture, Dystopia, Economics, Empire, Financial Crisis, Geopolitics, Health, History, Inequality, Labor, Militarization, Recession, Social Control, Social Engineering, society, State Crime, war, wasted taxpayer dollars | Tagged , , , , , , , , , , , , , , , , | 3 Comments

What Happened to All Those Foreclosed Houses?

Wall Street bought them — and is now leasing them out and driving up rents. By Jim Hightower Source: OpEdNews.com We know that millions of American families lost their homes after Wall Street’s 2007 financial crash. But where did all … Continue reading

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When the Butterfly Flaps Its Wings

By James Howard Kunstler Source: Kunstler.com It remains to be seen what the impact will be from Mother Nature putting the nation’s fourth largest city out-of-business. And for how long? It’s possible that Houston will never entirely recover from Hurricane … Continue reading

Posted in culture, Dystopia, Economics, Empire, Energy, Environment, Financial Crisis, History, news, Recession, society | Tagged , , , , , , , , , , | 1 Comment

Just Wait a Little While

By James Howard Kunstler Source: Kunstler.com The trouble, of course, is that even after the Deep State (a.k.a. “The Swamp”) succeeds in quicksanding President Trump, America will be left with itself — adrift among the cypress stumps, drained of purpose, … Continue reading

Posted in Corporate Crime, culture, Deep State, Dystopia, Economics, Energy, Financial Crisis, Labor, Recession, society, Sociology, State Crime, Work | Tagged , , , , , , , , , , | 2 Comments