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Tag Archives: Precariat
The Economic Cataclysm Ahead
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
Posted in culture, Economics, Financial Crisis, Health, Neoliberalism, Oligarchy, Recession, Social Control, Social Engineering, society
Tagged central banks, coronavirus, Corporate Globalization, Covid-19, Debt, Economics, financial crisis, Pandemic, Precariat, Public Health, recession, Service Economy, U.S. Economy
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The Unraveling Quickens
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
Posted in Corporate Crime, culture, Economics, elites, Financial Crisis, Inequality, Neoliberalism, Recession, Social Engineering, society, State Crime
Tagged 1%, culture, economic inequality, Economics, elites, financial crisis, Financialization, income gap, Inflation, Over-speculation, Precariat, recession, social disorder, society, Wages, Wealth, Wealth Disparity
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Is the U.S. Becoming a Third World Nation?
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
Posted in Corporate Crime, corporate news, Corporate Welfare, Corruption, culture, Dystopia, Economics, elites, Financial Crisis, Inequality, Oligarchy, Social Control, Social Engineering, society, Sociology, Technocracy
Tagged America, corporate media, Coruption, Crumbling Infrastructure, Dystopia, Economic Collapse, Economics, elites, Failed State, financial crisis, Inequality, Kleptocracy, Late Stage Capitalism, Pay to Play, Poverty, Precariat, Pundits, super-wealthy, Technocrats, Third World
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Jeff Bezos’s Corporate Takeover of Our Lives
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
Posted in Consumerism, culture, Dystopia, Economics, elites, Financial Crisis, Inequality, Labor, media, Oligarchy, Recession, Social Control, Social Engineering, society, Sociology, surveillance state, Technology, Work
Tagged AI, Alexa, Alienation, Amazon, big data, CIA, Cloud Computing, Corporate Lobbyists, Dystopia, e-commerce, Economics, financial crisis, Jeff Bezos, Labor, Oligarchy, Plutocracy, Precariat, Retail Apocalypse, Small Business, Social Isolation, Technocracy, technology, Worker's Rights
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Unrealistically Great Expectations
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
Posted in culture, Economics, education, elites, Financial Crisis, Inequality, Recession, Social Control, society, Sociology
Tagged College, Corporate Crime, Debt, Economics, Education, elites, financial crisis, Income Inequality, Peter Turchin, Precariat, social mobility
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Inventing the Future: The Collective Joy of Mark Fisher’s ‘k-punk’
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
Posted in Art, consciousness, culture, Economics, Film, History, media, Media Literacy, Music Video, Neoliberalism, Philosophy, Psychology, Social Engineering, society, Sociology
Tagged antinatalism, Cultural Theory, culture, Darren Ambrose, hauntology, K-Punk, media, music, Neoliberalism, Nihilism, Philosophy, Precariat, pulp modernism, Simon Reynolds
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Why Are so Few Americans Able to Get Ahead?
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
Posted in Corporate Crime, culture, Dystopia, Economics, education, elites, Empire, Financial Crisis, Housing Crisis, Inequality, Labor, Neoliberalism, Social Control, Social Engineering, society, Sociology, State Crime, Work
Tagged Asset Bubbles, Cartels, central banks, Debt, Dystopia, economic inequality, Economic Stagnation, Economics, financial crisis, financialized economy, Higher Education, Housing Crisis, Precariat, rentier skims, Stagnant Wages
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America’s Social Depression Is Accelerating
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
Posted in conditioning, consciousness, Corporate Crime, culture, Dystopia, Economics, elites, Empire, Financial Crisis, Health, Inequality, Labor, Neoliberalism, Oligarchy, Psychology, Social Control, Social Engineering, society, Sociology, State Crime, Work
Tagged American Dream, Anger, culture, downward mobility, Dystopia, economic inequality, Economics, Education, Employment, Expectations, financial crisis, Health, healthcare, Middle Class, Optimism, Overwork, Political Power, Precariat, Proletariat, psychology, recession, social depression, Social Fragmentation, society, Sociology
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Desultory Heroics 