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The Peak Prosperity Annual Weekend Seminar: Apr 6-9

Chris Martenson - February 15, 2017 - 18:40

Humanity is entering an era it has never lived through before: accelerating global change up the steepening portion of the exponential curve. This is the part in the story when events speed up dramatically. And actions matter -- a lot.

Can anyone do anything about this? Wait, let me be more specific: Can you do anything about this?

Yes! 

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Categories: Economics

Launching a Cooperative Isn't Easy — Here's a Resource to Get You Started

Shareable Magazine - February 15, 2017 - 15:28

My foray into the cooperative movement began when I was a student at Indiana University doing campaign-based activism. Along with my fellow activists, I focused on putting a stop to things like the buy-out of the university-owned bookstores on campus by Barnes and Noble and the high costs of rental housing near our campus. After learning about the cooperative model — in which the users of an organization's products or services own and control the organization — our focus shifted to presenting cooperative solutions to these issues.

Categories: Economics

Kidoop: A Childcare Co-op App Takes Shape in the UK

Shareable Magazine - February 15, 2017 - 12:49

Of all the problems facing parents, making sure our children have access to the highest quality childcare is one of the biggest. As studio members at Near Now — an arts, design, and innovation studio based at Broadway in Nottingham — we have been working with #RadicalChildcare founder Amy Martin to research and prototype possible alternatives to current childcare provision. Our aim: re-imagine childcare for the 21st century through new approaches built on trust, flexibility, and shared resources. We know that the current childcare system is broken.

Categories: Economics

How to Create an Accessible Bike Share

Shareable Magazine - February 15, 2017 - 12:09
Cities of all sizes now have bike share systems. But many of these systems often only have one or two types of bikes, and these may not be suitable for people with certain physical disabilities. We connected with Jon Terbush from bike share provider Zagster to find out how cities can create accessible bike shares.   Cat Johnson: What's the importance of having adaptive bikes in a bikeshare system?  
Categories: Economics

Daily Digest 2/15 - Le Pen Lures French Farmers, Italy Considers Regional Bank Bailout

Chris Martenson - February 15, 2017 - 05:07
  • Four reasons Illinoisans can't weather another tax increase
  • Le Pen Lures French Farmers Angered by Worst Crisis in Decades
  • Bills aim to reduce PERS costs, but opponents call them unfair, illegal
  • China Credit Surging to Record Underscores PBOC Shift to Tighten
  • French govt bond trading doubles as election jitters deepen -Trax
  • EU Bad Bank to Tackle Soured-Loan Pile May Be a Long Way Off
  • No Laughing Matter for Kuroda With BOJ Near 40% of Bond Market
  • Italy considers €5bn state bailout of regional banks

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Categories: Economics

Community Power Offers Fukushima a Brighter, Cleaner Future

Shareable Magazine - February 14, 2017 - 12:27

In 2011, the Great East Japan Earthquake and tsunami ravaged the Fukushima prefecture, in the Tohoku region of Japan's main island of Honshu.

Categories: Economics

Daily Digest 2/14 - WH National Security Adviser Resigns, Is Trump the New Boris Yeltsin?

Chris Martenson - February 14, 2017 - 09:34
  • Learning to See in the Dark Amid Catastrophe: An Interview With Deep Ecologist Joanna Macy
  • Michael Flynn resigns as national security adviser
  • Is Trump the New Boris Yeltsin?
  • Elon Musk doubles down on universal basic income: 'It's going to be necessary'
  • Below Deck
  • Who Will Watch the Banks Under Trump?
  • America's CEOs Have Never Been More "Optimistic"
  • White House Blocks Listing of Bumble Bee As Endangered Species

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Categories: Economics

Are Americans Ready to Strike?

This past October, women in Poland used a mass strike to stop an abortion ban. Organizers in the U.S. are looking to similar tactics in Europe to show the Trump administration they mean business.
Categories: Economics

Expert: What You Need To Know About The Oroville Dam Crisis

Chris Martenson - February 13, 2017 - 17:06

To make sense of the fast-developing situation at California's Oroville Dam, Chris spoke today with Scott Cahill, an expert with 40 years of experience on large construction and development projects on hundreds of dams, many of them earthen embankment ones like the dam at Oroville. Scott has authored numerous white papers on dam management, he's a FEMA trainer for dam safety, and is the current owner of Watershed Services of Ohio which specializes in dam projects across the eastern US. Suffice it to say, he knows his "dam" stuff.

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Categories: Economics

The Veterinary Cooperative Helps Independent Veterinarians Thrive

Shareable Magazine - February 13, 2017 - 15:28

Though the freedom of owning a small business can be exhilarating, going at it alone can be a tough ride. Operating costs can be higher for independent veterinary practices and hospitals (thanks to pricey equipment, medicine, and supplies) compared to large veterinary hospital chains, which can access discounts through bulk purchasing.

Categories: Economics

Why Community-Based Senior Villages Are Growing in the US

Shareable Magazine - February 13, 2017 - 08:43
Back in 2011, Shareable covered the budding senior village movement. The villages, of which there were only a handful at the time, offer seniors a safety net — members can live independently, while having the option to call people for help with any number of tasks, from getting a ride to the doctor to having a lightbulb changed in their home.
Categories: Economics

Daily Digest 2/13 - The End Of The Middle Class, China Approaches Breaking Point

Chris Martenson - February 13, 2017 - 07:35
  • The Threat Isn't Skynet. It's The End Of The Middle Class.
  • David McWilliams: Ireland's financial destiny is in the hands of angry French voters - this is what we must do if the euro breaks up 
  • China Approaches Breaking Point
  • Hold Tight To Cash
  • As US, Russia eye stagnant space budgets, India ramps up investment
  • Energy Storage Set To Boom In 2017
  • Larsen C Ice Shelf poised to calve
  • House votes to overturn Obama drilling rule

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Categories: Economics

Oroville Dam Threatens To Collapse

Chris Martenson - February 13, 2017 - 04:51

This is a running commentary on the rapidly developing Oroville dam situation. Because the story developed so rapidly, there wasn’t time to write a complete report.

I’ll have a tidy summary at some point, but first we have to scour and assemble the information.

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Categories: Economics

Oroville Dam Collapse a Possibility

Chris Martenson - February 13, 2017 - 04:51

This is a running commentary on the rapidly developing Oroville dam situation. Because the story developed so rapidly, there wasn’t time to write a complete report.

I’ll have a tidy summary at some point, but first we have to scour and assemble the information.

Join the conversation »

Categories: Economics

Danielle DiMartino Booth: An Insider Exposes The Evils Of The Fed

Chris Martenson - February 12, 2017 - 09:01

Danielle DiMartino Booth, former analyst at the Federal Reserve Bank of Dallas, has just released the book Fed Up: An Insider's Take On Why The Federal Reserve Is Bad For America.

In it, Danielle describes how the Federal Reserve is controlled by 1,000 PhD economists and run by an unelected West Coast radical with no direct business experience. The Fed continues to enable Congress to grow our nation’s ballooning debt and avoid making hard choices, despite the high psychological and monetary costs. And our addiction to the "heroin" of low interest rates is pushing our economy towards yet another collapse.

This reckless monetary policy pursued by the Fed has resulted in the rich elite becoming markedly richer, while savers and retirees are being absolutely gutted. All while risking a coming conflagration in the bond markets that will destroy a painful percentage of the world's financial wealth:

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Categories: Economics

Casting Call For Professionals Who Prep

Chris Martenson - February 11, 2017 - 11:09

In the wake of the New Yorker article profiling Silicon Valley executives who prep, we've been contacted by a few mainstream media outlets interested in talking with similar professionals who work on building resilience via skill building, homesteading and the like in their spare time.

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Categories: Economics

Daily Digest 2/11 - Reclaiming Native Ground, Should Cash Be Abolished?

Chris Martenson - February 11, 2017 - 08:42
  • The Coming Of Depression Economics
  • The United States Is On The Precipice Of Widespread Civil Unrest
  • Two of China's Biggest Exchanges Stop Bitcoin Withdrawals
  • ‘A Sense of Dread’ for Civil Servants Shaken by Trump Transition
  • Should Cash Be Abolished?
  • The Costs Of Dragon Maintenance
  • A Possible Bee Replacement: Tiny Drones Covered In Sticky Goop
  • Reclaiming native ground: Can Louisiana’s tribes restore their traditional diets as waters rise?

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Categories: Economics

The Class War Playbook

Chris Martenson - February 10, 2017 - 17:16
Executive Summary
  • Why the woes of the middle class will worsen from here
  • The tax-burdened middle class vs the "dependent" class that pays no taxes
  • The pinched middle class vs the gluttonous plutocrats
  • How the many ensuing class wars will end

If you have not yet read Part 1: The Coming Class Wars, It's Time To Worry available free to all readers, please click here to read it first.

In Part 1, we briefly surveyed the nature of class war in advanced capitalism, starting with the Marxist analysis that such conflict was inevitable. We then moved to the present: the Grand Truce that produced the middle class is eroding, social mobility is declining, and a sharp economic and cultural chasm has opened between the unprotected working class and the protected upper-middle class.

Why Is the Middle Class Eroding?

The big question is: why is the middle class eroding? Why is the longstanding accord between labor and capital breaking down? 

Peter Turchin’s recent book Ages of Discord sheds light on the historical context.  History’s economic and social cycles can be divided into two fundamental phases: integrative eras in which cooperation between competing forces is rewarded and disintegrative eras in which cooperation dissolves into conflict and discord.

Turchin’s analysis identifies three key drivers of social and economic disintegration:

1. An over-supply of labor that suppresses real (inflation-adjusted) wages

2. An overproduction of parasitic (unproductive) Elites

3. A deterioration in central state finances (over-indebtedness, declining tax revenues, increase in state dependents, fiscal burdens of war, etc.)

It’s clear that globalization, open immigration and automation are generating an oversupply of labor that is suppressing wages, especially for the lower-skilled work force (the working class).

The entitled upper-middle class that expects...

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Categories: Economics

The Coming Class Wars

Chris Martenson - February 10, 2017 - 17:15

Income and wealth inequality are rising sharply, and capital is pulling far ahead of labor, which is creating a vast and quickly-widening divide between the social classes.

Specifically, the shrinking resource pie—of cheap energy, of cheap debt, of labors’ share of the economy, of the low-hanging fruit of globalization—is all but ensuring the future will be defined by escalating and fractious rancor among the rich, working class and poor. 

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Categories: Economics

How Neighbors Turned Unused Buildings into a Thriving Community Hub

Shareable Magazine - February 10, 2017 - 07:50
After years of brewing at home, Evan Sallee and his partners at Fair State Brewing, Minnesota's first consumer-owned beer cooperative, were finally ready to open a taproom in Minneapolis. They needed a spot that could accommodate brewing, with a storefront that invited people in off the street. That combination was hard to find until they looked at a space on Central Avenue in the city's Northeast neighborhood.  
Categories: Economics