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Tag Archives: Precariat
By Charles Hugh Smith Source: Of Two Minds The economic storm hasn’t passed; the false calm is only the eye of the financial hurricane. To understand the economic cataclysm ahead, do the math. Those expecting the Covid-19 pandemic to leave … Continue reading →
By Charles Hugh Smith Source: Of Two Minds Even if we don’t measure the erosion of intangible capital, the social and political consequences of this impoverishment are manifesting in all sorts of ways. The central thesis of my new book … Continue reading →
By Charles Hugh Smith Source: Of Two Minds This is a chart of an informal kleptocracy which cloaks itself in the faux finery of democracy and a (rigged) “market” economy. Back in the day, nations that didn’t qualify as either … Continue reading →
How Amazon’s relentless pursuit of profit is squeezing us all—and what we can do about it By David Dayen Source: In These Times AMAZON IS AN ONLINE RETAILER. It also runs a marketplace for other online retailers. It’s also a shipper … Continue reading →
By Charles Hugh Smith Source: Of Two Minds Our expectations have continued ever higher even as the pie is shrinking.. Let’s see if we can tie together four social dynamics: the elite college admissions scandal, the decline in social mobility, the … Continue reading →
By Michael Grasso Source: We Are the Mutants k-punk By Mark Fisher Foreword by Simon Reynolds, Edited by Darren Ambrose Repeater Books, 2018 A little over two years ago, theorist and cultural critic Mark Fisher took his own life at … Continue reading →
By Charles Hugh Smith Source: Of Two Minds Our entire economy is characterized by cartel rentier skims, central-bank goosed asset bubbles and stagnating earned income for the bottom 90%. Despite the rah-rah about the “ownership society” and the best economy … Continue reading →
By Charles Hugh Smith Source: Of Two Minds We need to value honesty above optimism. Once we can speak honestly, there is a foundation for optimism. Beneath the rah-rah statistics of “the greatest economy ever,” the social depression is accelerating. The … Continue reading →