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Tag Archives: Financialization
America’s Bottom 50% Have Nowhere To Go But Down
By Charles Hugh Smith Source: Of Two Minds One might anticipate that the bottom 50%’s meager share of the nation’s exploding wealth would have increased as smartly as the wealth of the billionaires, but alas, no. America’s economy has changed … Continue reading
Posted in Corporate Crime, Corporate Welfare, culture, Dystopia, Economics, elites, Financial Crisis, Health, Housing Crisis, Inequality, Labor, Neoliberalism, Oligarchy, Social Control, Social Engineering, society, Sociology, State Crime, Technocracy, Work
Tagged Asset Bubbles, Big Tech, Economic Collapse, economic inequality, Economics, elites, everything bubble, Federal Reserve, financial crisis, Financialization, Gig Economy, Globalization, healthcare, Homelessness, Housing Crisis, Labor, Oligarchy, Plutocracy, Poverty
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The Top 10% Is Doing Just Fine, The Middle Class Is Dying on the Vine
By Charles Hugh Smith Source: Of Two Minds Please study these charts as a means of understanding the inevitability of economic stagnation and a revolt of the decapitalized middle class. I’ve been covering the decline of America’s middle class for … Continue reading
Posted in Corporate Crime, Corporate Welfare, Corruption, culture, Economics, elites, Financial Crisis, Housing Crisis, Inequality, Labor, Oligarchy, Social Control, Social Engineering, society, State Crime
Tagged capitalism, decapitalization, Economic Collapse, economic inequality, Economics, elites, Federal Reserve, financial crisis, Financialization, Labor, middleclass, Monopoly, Oligarchy, Plutocracy, Productivity
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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
Posted in Corporate Crime, Corruption, culture, Dystopia, Economics, elites, Financial Crisis, Inequality, Neoliberalism, Oligarchy, Recession, Revolution, Social Control, Social Engineering, society, Sociology, State Crime, Technocracy
Tagged asset deflation, Dystopia, economic bubbles, Economic Collapse, economic inequality, Economics, elites, Federal Reserve, financial crisis, Financialization, Globalization, Income Inequality, Meritocracy, Neoliberalism, Oligarchy, Technocracy
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“The Great Reset” Already Happened
By Charles Hugh Smith Source: Of Two Minds Put another way: the elites have cannibalized the system so thoroughly that there’s nothing left to steal, exploit or cannibalize. The global elites’ techno-fantasy of a completely centralized future, The Great Reset, is … Continue reading
Posted in Corporate Crime, culture, Dystopia, Economics, elites, Empire, Financial Crisis, Neoliberalism, Oligarchy, Recession, Social Control, Social Engineering, society, State Crime, Technocracy, Technology
Tagged Economic Collapse, Economics, Federal Reserve, financial crisis, Financialization, Global Elites, Globalization, gold standard, Neoliberalism, Oligarchy, Plutocracy, Technocracy, The Great Reset, trade deficits
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Sacrifice for Thee But None For Me
By Charles Hugh Smith Source: Of Two Minds The banquet of consequences for the Fed, the elites and their armies of parasitic flunkies and factotums is being laid out, and there won’t be much choice in the seating. Words can … Continue reading
Posted in Authoritarianism, Corporate Crime, Corporate Welfare, Corruption, culture, Economics, elites, Empire, Financial Crisis, Labor, news, Oligarchy, Recession, Social Control, Social Engineering, society, Sociology, State Crime
Tagged Cartels, economic crisis, Economics, elites, empire, Federal Reserve, Financial Colllapse, Financialization, Globalization, Job security, Middle Class, Monopolies, Oligarchy, purchasing power, Roman Empire, Sacrifice, social mobility
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The Pandemic Is Accelerating Trends That Are Disrupting the Foundations of the Economy
By Charles Hugh Smith Source: Of Two Minds The problem is the economy that’s left has no means of creating tens of millions of jobs to replace those lost as the 1959 economic model collapses. Fundamentally, the economy of 2019 … Continue reading
Posted in Corporate Crime, culture, Economics, education, elites, Financial Crisis, Health, Labor, Neoliberalism, news, Oligarchy, Recession, Social Control, Social Engineering, society, Sociology, State Crime, Work
Tagged coronavirus, Covid-19, Economic Collapse, Economics, Education, financial crisis, Financialization, healthcare, Pandemic, Peter Drucker, Stock Market, unemployment
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The financialization of the end of the world
By Kurt Cobb Source: resilience For those who are fans of cartoons from The New Yorker magazine and consistent readers of this blog, you might be able to guess my two favorite cartoons. In the first one, a man in a coat and … Continue reading
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