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Tag Archives: Financialization
The U.S. Economy In Two Words: Asymmetric Gains
By Charles Hugh Smith Source: Of Two Minds The Status Quo is in trouble if the bottom 95% wake up to the asymmetric gains that are the only possible output of our hyper-financialized economy. The core dynamic of the U.S. … Continue reading
Putting an End to the Rent Economy
By Michael Hudson and Vlado Plaga Source: Unz Review Interview with Vlado Plaga in the German magazine FAIRCONOMY, September 2017. Originally, you didn’t want to become an economist. How did it come that you changed your plans and digged so … Continue reading
Posted in Corporate Crime, culture, Economics, Financial Crisis, History, Philosophy, Recession, Social Control, society
Tagged Banks, Banksters, Classical Economics, Compound Interest, Debt, economic crisis, Economics, Finance, Finance Capital, Financialization, Housing Bubble, Insurance, John Brown, Michael Flürscheim, Michael Hudson, Oligarchy, Plutocracy, Real Estate, Savings and Loan Crisis, Subprime Crisis, wall street
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Boobs on Credit
By Jim Quinn Source: The Burning Platform Do you ever hear something so startlingly mind numbingly ridiculous you realize it must be a sign things have gotten so fucked up something has got to give? As I was driving to … Continue reading
Posted in Consumerism, Corporate Crime, culture, Deep State, Dystopia, Economics, Financial Crisis, Recession, Social Control, Social Engineering, society, Sociology
Tagged Breast Implants, central banks, Credit Cards, Crony Capitalism, Debt, Dystopia, Economic Collapse, Economics, financial crisis, Financialization, Neofeudalism, Plastic Surgery, Ponzi Scheme, Subprime Loans
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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
Posted in Corporate Crime, Corruption, culture, Dystopia, Economics, Financial Crisis, Inequality, Neoliberalism, Recession, Social Control, society, State Crime
Tagged Corporate Globalization, Economic Collapse, economic inequality, Economics, Federal Reserve, financial crisis, Financial System, Financialization, income gap, Political System, US government, Wealth Concentration
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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%, Billionaires, Civil Strife, Civil Unrest, Commoditization, Debt, economic inequality, Economics, economy, Financial System, Financialization, Government, Oligarchy, Plutocracy, society, Wage Gap, Wealth Disparity
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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 austerity, Authoritarianism, capitalism, Corporate Globalization, Debt, Economic Collapse, Economics, financial crisis, Financialization, Free Market, geopolitics, Neocolonialism, Neoliberalism, Palgrave Macmillan, precariousness, Precarity
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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 Big Oil, Debt, Economics, Federal Reserve, financial crisis, Financialization, Houston, Hurricane Harvey, Hurricane Katrina, Petrochemicals, wall street
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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
Posted in Corporate Crime, Corporate Welfare, Corruption, culture, Economics, education, Financial Crisis, Health, Social Control, society
Tagged Corporate Welfare, Corruption, Debt, Economic Collapse, Economics, Education, Federal Reserve, financial crisis, Financialization, healthcare, Home Ownership
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