They may just opt out of the whole insane charade and stop paying the mountains of debt and stop trying to prop up the deranging pretense of middle-class snobbery. Though many blame Donald Trump for dividing the nation, the nation was already...
A fully financialized, totally debt and speculation-dependent economy is terminal once leverage and debt stop expanding exponentially. We all know the movie scene in which the character is wounded but dismisses it as no big deal, and then lurches into the closing...
What they don’t understand is inequality is America’s Monster Id: the more you try to suppress it, the more powerful it becomes… The word privilege is much bandied about now. I’ve been writing about privilege for many years, and ended up writing a book...
Poetic Justice Coming For The 1% To understand just how grim the coming decade is likely to be for the world’s super-rich, let’s start with three premises: 1) Capitalist democracy — defined as free individuals managing their own property and periodically electing new...
Jon Hellevig posted on January 16th at The Saker, “Capitalism in America: How a Dismal Decimal is Robbing Americans Blind” the most extensive and up-to-date compendium anywhere, of data on economic inequality in America, and one fact especially stands out from it:...
The Saudis want to break free from U.S. influence and hedge their bets with China and the Russians
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