Tag Archives: Labor

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

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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

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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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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

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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

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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

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Is the American Dream Still Alive? (Infographic)

Source: Strategic Culture Foundation The post-WWII United States was at the peak of its soft power. One of its pillars was the American Dream. Every American could expect that his children would be better off – better off in every … 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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