Tag Archives: Ratchet Effect

The Recession Will Be Unevenly Distributed

By Charles Hugh Smith Source: Of Two Minds Those households, enterprises and organizations that have no debt, a very low cost basis and a highly flexible, adaptable structure will survive and even prosper. The coming recession will be unevenly distributed, … Continue reading

Posted in Corporate Crime, Corruption, culture, Dystopia, Economics, elites, Empire, Financial Crisis, Labor, Neoliberalism, Oligarchy, Social Control, Social Engineering, society, Sociology, Technology, Work | Tagged , , , , , , , , , , | 1 Comment

When Collapse Is Cheaper and More Effective Than Reform

By Charles Hugh Smith Source: Of Two Minds Collapse begins when real reform becomes impossible. We all know why reforms fail: everyone whose share of the power and money is being crimped by reforms fights back with everything they’ve got. … Continue reading

Posted in Corporate Crime, Corruption, culture, Economics, Empire, Financial Crisis, History, Labor, Recession, Social Control, society, Sociology, Work | Tagged , , , , , , | 3 Comments