Tag Archive for Kind Permission

Debt Serfdom in One Chart

Reposted with the kind permission of Charles Hugh Smith The essence of debt serfdom is debt rises to compensate for stagnant wages. I often speak of debt serfdom; here it is, captured in a single chart. The basic dynamics are all here, if you read between the lines: 1. Financialization of the U.S. and global economies…

Elegy – Clusterfuck Nation

Reposted with the kind permission of James Howard Kunstler A few weeks ago I flew to Chicago, hopped into a rent-a-car, and navigated my way on the tangle of interstate highways to the now mostly former industrial region in the northwest corner of Indiana just off lowest Lake Michigan between the towns of Whiting and…

The Dutch Left’s Embrace of the Austerity Suicide Pact: It’s Necessary for the Children!

The Dutch Left’s Embrace of the Austerity Suicide Pact: It’s Necessary for the Children!

By William K. Black A remarkable, and terrible, thing has just taken place in the Netherlands of which few Americans are aware.  The ruling Dutch political coalition collapsed when the ultra-right wing party (the Freedom Party, led by Geert Wilders) … Continue reading

The Dutch Left’s Embrace of the Austerity Suicide Pact: It’s Necessary for the Children!