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The Coming War on Wealth and the Wealthy
2021-01-06
Here’s looking at you, Federal Reserve–thanks for perfecting ‘legalized looting’ and neofeudalism in America.
Why I’m Hopeful About 2021
2020-11-24
What we need is not a return to the corrupt, tottering kleptocracy of 2019, but a re-democratization of capital, agency and money. I’m hopeful about 2021, and no, it’s not because of the vaccines or the end of lockdowns or anything related to Covid. The status quo is cheering the fantasy that we’ll soon return to the debt-soaked glory days of 2019 when everything was peachy.
Why We’re Doomed: Our Delusional Faith in Incremental Change
2020-10-16
Better not to risk any radical evolution that might fail, and so failure is thus assured. When times are good, modest reforms are all that’s needed to maintain the ship’s course. By "good times," I mean eras of rising prosperity which generate bigger budgets, profits, tax revenues, paychecks, etc., eras characterized by high levels of stability and predictability.
A Hard Rain Is Going to Fall
2020-10-09
The status quo is about to discover that it can’t stop the hard rain or protect its fragile sandcastles. You’ll recognize A Hard Rain Is Going to Fall as a cleaned-up rendition of Bob Dylan’s classic “A Hard Rain’s a-Gonna Fall”.
The Silent Exodus Nobody Sees: Leaving Work Forever
2020-09-24
The “take this job and shove it” exodus is silently gathering momentum. The exodus out of cities is getting a lot of attention, but the exodus that will unravel our economic and social orders is getting zero attention: the exodus from work. Like the exodus from troubled urban cores, the exodus from work has long-term, complex causes that the pandemic has accelerated.
Inflation and “Socialism-Lite” Are Just What the Billionaires Want
2020-09-23
After a bout of inflation and “socialism-light”, we could end up with even more extreme inequality when the whole rotten structure collapses.
America’s Metastasizing Class Wars
2020-08-29
Class wars are the inevitable result of an economic system in which ‘anything goes if you’re rich enough and winners take most’. The traditional class war has been waged between wage-earners (who sell their labor) and their employers (owners of capital and the means of production).
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