Of the three games in town, only one isn’t doomed: the real economy.
Projections based on high rates of endless growth are delusional. Those who embrace these projections are equally delusional.
This is how State-corporate media propaganda works in our era.
The mainstream media is claiming that “The aggregate amount of money in paychecks is increasing about twice as fast as GDP.” (Source) This story points to Bureau of Labor Statistics data to support this claim.
A society of the increasingly overworked and involuntarily idle is not a stable or happy one.
Though I don’t have any data on this, anecdotal evidence suggests the nation’s workforce is dividing into two classes: the overworked and the idle. The overworked work more than 40 hours a week and are increasingly given impossible workloads, while the idle can’t find any work or can only get part-time jobs with limited hours.
The crisis of capitalism has not been resolved; it’s simply been papered over.
The supposed correlation of the U.S. dollar and gold is not visible in the 5-year charts.
Some July 4th thoughts on revolution as a process rather than an event.
The next American Revolution will not be an event, it will be a process. We naturally turn to the past for templates of the future, but history has a way of remaining remarkably unpredictable. Indeed, all the conventional long-range forecasts made in 1900, 1928, 1958, 1988 and 2000 missed virtually every key development–not just in the distant future, but just a few years out.
We are about to reap the consequences of tolerating the perfection of the Savior State / cartel-crony capitalism’s neofeudal debtocracy.
Charts of energy consumption are screaming “recession.”
To get a feel for how many energy slaves you have, imagine hiring 40 people to drag you and your car down the street at 3 miles per hour. Replacing the energy in a gallon of gasoline with human labor is imperfect, of course, because the people you hire to drag your vehicle down the street cannot run 70 miles an hour.
America’s legacy systems are like stars about to go super-nova.
