Tag Archives: Economics

The Coming War on Wealth and the Wealthy

By Charles Hugh Smith Source: Of Two Minds Here’s looking at you, Federal Reserve–thanks for perfecting ‘legalized looting’ and neofeudalism in America. The problem with pushing a pendulum to its maximum extreme on one end is that it will swing … Continue reading

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Big Tech, Nostalgia, and Control: Grafton Tanner’s ‘The Circle of the Snake’

By Michael Grasso Source: We Are the Mutants The Circle of the Snake: Nostalgia and Utopia in the Age of Big Tech By Grafton Tanner Zero Books, 2020 I’m sure many members of Generation X have taken a moment to … Continue reading

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On Capitalism and the Machine

By Megan Sherman Source: Global Research In 1935, reflecting on the creed of productivity which prevailed in modern technological societies, Bertrand Russell, philosopher, pacifist and devout humanist wrote that: “I think that there is far too much work done in the world, … Continue reading

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The Top 10%’s Bubble Is About to Burst

By Charles Hugh Smith Source: Of Two Minds When the top 10%’s bubble pops in 2021, the loss of illusions/delusions of security and wealth will be shattering to all those who believed artifice and illusory “wealth” were real. A great … Continue reading

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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

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When will the central bankers pay for all the wealth inequality and misery they’ve caused?

By Mitchell Feierstein Source: RT.com Janet Yellen’s been nominated by Joe Biden as Treasury Secretary, despite a poor record as Federal Reserve chair. This is typical of the unwarranted confidence placed in the central bankers who’ve caused so much financial … Continue reading

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No Escape from Our Techno-Feudal World

By Pepe Escobar Source: Global Research The political economy of the Digital Age remains virtually terra incognita. In Techno-Feudalism, published three months ago in France (no English translation yet), Cedric Durand, an economist at the Sorbonne, provides a crucial, global public service as … Continue reading

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Are Americans Rational?

By Dmitry Orlov Source: Club Orlov I’ve been holding back on commenting on current events because they are far too silly. At this point it is safe to say that the elections in the US have been thoroughly botched and … Continue reading

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