Tag Archives: Financialization

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

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Financialization, precarity and reactionary authoritarianism

By increasing global competition, the precariousness wrought by financialization has laid the foundations for reactionary authoritarianism around the world. By Max Haiven Source: ROAR Financialization: Fictitious Capital in Popular Culture and Everyday Life, released last month in paperback from Palgrave … Continue reading

Posted in Authoritarianism, Corporate Crime, culture, Dystopia, Economics, Geopolitics, Inequality, Neoliberalism, Philosophy, Social Control, Social Engineering, society, Sociology, State Crime | Tagged , , , , , , , , , , , , , , , | Leave a comment

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

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Either Reverse All the Perverse Incentives or the System Will Implode

By Charles Hugh Smith Source: Of Two Minds Every perverse incentive is the cash cow for a vested interest or cartel. I hope it’s not a great shock to discover all the incentives in our status quo are perverse: those … Continue reading

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Life’s Most Important Dramas Are Being Disrupted

By Charles Hugh Smith Source: Washington’s Blog The idea that human life subdivides rather naturally into stages is based on our natural progression from childhood into adulthood and eventual (if we’re lucky) old age. Confucian thought views life as a … Continue reading

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