Tag Archives: Work

Here’s How We’ll Have Labor Shortages and High Unemployment at the Same Time

By Charles Hugh Smith Source: Of Two Minds This is how we’ll end up with severe shortages of truly skilled labor and high unemployment of those who lack the necessary skills. The labor force and the job market are referred to as if … Continue reading

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What Was Covid Really About? Triggering A Multi-Trillion Dollar Global Debt Crisis. “Ramping up an Imperialist Strategy”?

Covid, Capitalism, Friedrich Engels and Boris Johnson By Colin Todhunter Source: Global Research “And thus it renders more and more evident the great central fact that the cause of the miserable condition of the working class is to be sought, … Continue reading

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The Engineered Stagflationary Collapse Has Arrived – Here’s What Happens Next

By Brandon Smith Source: Alt-Market.us In my 16 years as an alternative economist and political writer I have spent around half that time warning that the ultimate outcome of the Federal Reserve’s stimulus model would be a stagflationary collapse. Not … 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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On Capitalism and the Machine

By Megan Sherman Source: Global Research In 1935, reflecting on the creed of productivity which prevailed in modern technological societies, Bertrand Russell, philosopher, pacifist and devout humanist wrote that: “I think that there is far too much work done in the world, … 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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