Tag Archives: Financialization

Can a Nation Prosper as its Institutions Fail?

By Charles Hugh Smith Source: Of Two Minds Economists focus on what can be easily measured: sales, profits, prices, tax revenues, etc. Since the decay and failure of institutions isn’t easily quantified, this decay doesn’t register in the realm of economics. Since it … Continue reading

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The Real Threat to Democracy is Corrupting Wealth Inequality

By Charles Hugh Smith Source: Of Two Minds Imagine a town of 1,000 adults and their dependents in which one person holds the vast majority of wealth and political influence. Would that qualify as a democracy? Now imagine that 100 of … Continue reading

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Saving Capitalism or Saving the Planet? 

By Colin Todhunter Source: Dissident Voice The UK government’s Behavioural Insights Team helped to push the public towards accepting the COVID narrative, restrictions and lockdowns. It is now working on ‘nudging’ people towards further possible restrictions or at least big … Continue reading

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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

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The Raging Twenties: A New Map of Dystopia

Pepe Escobar’s new book Raging Twenties: Great Power Politics Meets Techno-Feudalism tells the story of a new phase of the U.S. empire. By Pepe Escobar Source: Consortium News The Raging Twenties started with a murder: a missile strike on Gen. Soleimani at … Continue reading

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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

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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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“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

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