Tag Archives: Wage Stagnation

Re-Opening the Economy Won’t Fix What’s Broken

By Charles Hugh Smith Source: Of Two Minds Re-opening a fragile, brittle, bankrupt, hopelessly perverse and corrupt “normal” won’t fix what’s broken. The stock market is in a frenzy of euphoria at the re-opening of the economy. Too bad the … Continue reading

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No, This Is Not Another 1929, 1973, 1987, 2000, or 2008

By Charles Hugh Smith Source: Of Two Minds Basing one’s decisions on analogs from the past is entering a fool’s paradise of folly. Like addicts who cannot control their cravings, financial analysts cannot stop themselves from seeking some analog situation … Continue reading

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Neoliberal Economics Destroyed the Economy and the Middle Class

By Paul Craig Roberts Source: PaulCraigRoberts.com According to official US government economic data, the US economy has been growing for 10.5 years since June of 2009. The reason that the US government can produce this false conclusion is that costs … Continue reading

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Costs Are Spiraling Out of Control

By Charles Hugh Smith Source: Of Two Minds And how do we pay for these spiraling out of control costs? By borrowing more, of course. If we had to choose one “big picture” reason why the vast majority of households … Continue reading

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1% Politics and the New Gilded Age

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The Erosion of the Middle Class — Why Americans Are Working Harder and Earning Less

By John Liberty Source: The Mind Unleashed “I don’t have to tell you things are bad. Everybody knows things are bad. It’s a depression. Everybody’s out of work or scared of losing their job. The dollar buys a nickel’s worth, … Continue reading

Posted in Corporate Crime, culture, Dystopia, Economics, elites, Empire, Financial Crisis, Health, Housing Crisis, Inequality, Labor, Neoliberalism, Oligarchy, Recession, Social Control, Social Engineering, society, Sociology, State Crime, Work | Tagged , , , , , , , , , , , , , , , , , , | 1 Comment