Tag Archives: Asset Bubbles

2021 is Already Optimized for Failure

By Charles Hugh Smith Source: Of Two Minds One sure way to identify a system “optimized for failure” is if all the insiders are absolutely confident the system is “optimized for my success”. I often discuss optimization here because it offers an … Continue reading

Posted in Corruption, culture, Dystopia, Economics, elites, Financial Crisis, Health, Inequality, Oligarchy, Science, Social Control, Social Engineering, society, Sociology, Technocracy | Tagged , , , , , , , , , , , , , , | Leave a comment

Why Are so Few Americans Able to Get Ahead?

By Charles Hugh Smith Source: Of Two Minds Our entire economy is characterized by cartel rentier skims, central-bank goosed asset bubbles and stagnating earned income for the bottom 90%. Despite the rah-rah about the “ownership society” and the best economy … Continue reading

Posted in Corporate Crime, culture, Dystopia, Economics, education, elites, Empire, Financial Crisis, Housing Crisis, Inequality, Labor, Neoliberalism, Social Control, Social Engineering, society, Sociology, State Crime, Work | Tagged , , , , , , , , , , , , , , | Leave a comment

What’s Wrong with the Economy: 9 Toxic Dynamics

By Charles Hugh Smith Source: Of Two Minds These nine dynamics are mutually reinforcing. Beneath the surface signals of an eternally rising stock market and expanding GDP, we all sense something is deeply, systemically wrong with the U.S. economy. These … Continue reading

Posted in Corporate Crime, culture, Economics, elites, Financial Crisis, Inequality, Labor, Neoliberalism, Social Control, Social Engineering, society, Work | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment