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Tag Archives: Labor
A Most Peculiar Recession
By Charles Hugh Smith Source: Of Two Minds So what are conventional pundits missing today? I would start with three dynamics. Only old people experienced real recessions–those in 1973-74 and 1980-82. Recessions since then have been shorter and less systemic. In the … Continue reading
Livelihoods in a Degrowth Economy
By Charles Hugh Smith Source: Of Two Minds Let’s consider livelihood options in an unsustainable economy of extremes that are unraveling, an economy that is being forced to transition to Degrowth. Nassim Taleb’s book Antifragile explains the differences between fragile systems (systems that cannot … Continue reading
Posted in culture, Economics, education, Financial Crisis, Labor, society, Sociology, Technocracy, Technology, Work
Tagged Antifragile, automation, Degrowth, Economic Collapse, Economics, Education, financial crisis, frugality, hybrid work, Labor, Nassim Taleb, Resilience, self-reliance, simplicity, Sustainability
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Our Financial System Is Optimized for Sociopaths and Exploitation
By Charles Hugh Smith Source: Of Two Minds We live in a peculiar juncture of history in which truth has been banished as a threat to the maximization of private gain, i.e. the hyper-pursuit of self-interest. Evidence that supports a causal chain has been … Continue reading
Posted in Corporate Crime, Corruption, culture, Dystopia, Economics, elites, Empire, Financial Crisis, Inequality, Labor, Neoliberalism, Oligarchy, Social Control, Social Engineering, society, State Crime
Tagged capitalism, Corporate Crime, Economic Collapse, economic inequality, Economics, Exploitation, financial crisis, Financial System, Labor, Oligarchy, psychopaths, self interest, sociopaths
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The Long Cycles Have All Turned: Look Out Below
By Charles Hugh Smith Source: Of Two Minds Long cycles operate at such a glacial pace they’re easily dismissed as either figments of fevered imagination or this time it’s different. But since Nature and human nature remain stubbornly grounded by the same … Continue reading
Posted in Corporate Crime, culture, Dystopia, Economics, elites, Financial Crisis, Inequality, Labor, Oligarchy, Social Control, Social Engineering, society, Sociology, State Crime, Work
Tagged Capital, economic bubbles, Economic Collapse, economic inequality, Economics, elites, financial crisis, hubris, Inflation, Interest Rates, Labor, Late Stage Capitalism, Oligarchy, overspeculation, social disorder, social order, Wealth Gap
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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
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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America Is Now a Kleptocrapocracy
By Charles Hugh Smith Source: Of Two Minds I’ve coined a new portmanteau word to describe America’s descent: kleptocrapocracy, a union of kleptocracy (a nation ruled by kleptocrats) and crapocracy, a nation drowning in a moral sewer of rampant self-interest in which … Continue reading
Posted in Corporate Crime, Corruption, culture, education, elites, Empire, Financial Crisis, Health, Inequality, Labor, Oligarchy, Social Control, Social Engineering, society, Sociology, State Crime, Technocracy, Work
Tagged Academia, Big Tech, Dystopia, Economic Collapse, Economics, Education, financial crisis, healthcare, Kleptocracy, kleptocrapocracy, Labor, Oligarchy, Technocracy, Work
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The U.S. Economy In a Nutshell: When Critical Parts Are On “Indefinite Back Order,” the Machine Grinds to a Halt
By Charles Hugh Smith Source: Of Two Minds Setting aside the “transitory inflation” parlor game for a moment, let’s look at what happens when critical parts are unavailable for whatever reason, for example, they’re on back order or indefinite back order, i.e. the … Continue reading
Posted in Consumerism, culture, Dystopia, Economics, Empire, Financial Crisis, Labor, Neoliberalism, Recession, Social Control, Social Engineering, society, Sociology, Work
Tagged Corporate Globalization, culture, Economic Collapse, Economics, Federal Reserve, financial crisis, Inflation, Labor, Neoliberalism, scarcities, shortages, society, supply chains, Systemic Collapse, Work
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Jeff Bezos Embodies the Cruel Autocracy of Neoliberal Capitalism
Amazon CEO and richest-man-in-the-world Jeff Bezos wants you to work as much as he does—for one millionth of the pay By Branko Marcetic Source: In These Times “Is Jeff Bezos a horrible boss and is that good?” That was the question … Continue reading
Posted in Corporate Crime, culture, Dystopia, Economics, elites, Environment, Financial Crisis, Inequality, Labor, Neoliberalism, Oligarchy, Social Control, Social Engineering, society, Sociology, Technocracy, Work
Tagged Amazon.com, Autocracy, Blue Origin, Economic Collapse, economic inequality, Economics, environment, financial crisis, Jeff Bezos, Kshama Sawant, Labor, Neoliberalism, Oligarchy, Plutocracy, washington post, Work
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Desultory Heroics 