The net result is the muddle class has the signifiers but not the wealth, power, capital or agency that once defined the middle class.
If we put ourselves in the shoes of the Chinese negotiators, we realize there’s no need to sign a deal at all.The world’s worst negotiating strategy is to give the other side everything they want in exchange for worthless empty promises, yet this is ex…
Where is the line between “working class” and “middle class”? Maybe there isn’t any.Defining the “middle class” has devolved to a pundit parlor game, so let’s get real for a moment (if we dare): the “middle class” is no longer defined by the tradi…
At that point, it’s too late: there’s no bid for overpriced decaying bungalows, overpriced tech stocks, etc.In Chinese history, natural disasters were viewed as portents that the The Mandate of Heaven (tianming or “Heaven’s will”) had been wi…
MMT is presented as the solution to the “problem” of insufficient government funding, but that’s not the real problem.Modern Monetary Theory (MMT) is presented as a means to painlessly fund the large-scale infrastructure / alternative energy spend…
In this disintegrative phase, people are increasingly indignant if their magical-thinking “solution” is challenged.It’s practically un-American to confess you’re worried. Can-do self-help and cheerfulness are expected, promoted and rewarded. So to…
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 Will You Be Richer or Poorer? is the financia…
This is only a partial list of what we’ve lost to globalism, cheap credit and the Tyranny of Price which generates the Landfill Economy.
We’re all against “fake news,” right? Until your content is deemed “fake news” in a “fake news” indictment without any evidence, trial or recourse.When propaganda is cleverly engineered, people don’t even recognize it as propaganda: welcome to the USSR…
If we want to make real progress, we have to properly diagnose the structural sources of the rot that is spreading quickly into every nook and cranny of the society and culture.It seems my rant yesterday (Let Me Know When It’s Over) upset a lot of…
