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Economics

Casting Call For Professionals Who Prep

Chris Martenson - February 11, 2017 - 12:09

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 - 09:42
  • 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 - 18:16
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 - 18:15

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 - 08:50
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

Off The Cuff: The Message Is Propagating

Chris Martenson - February 10, 2017 - 08:26

In this week's Off The Cuff podcast, Chris and I discuss:

  • Chris' recent presentation to NASA
  • The promise of our current meetings in Dallas with large media outlet
  • The recent spike in media interest in the Peak Prosperity message
  • Why the markets are "too calm" right now

While on the road, Chris and I sit down to share our observations of the fast start to 2017 that Peak Prosperity is experiencing. Likely due to the uncertainty following the US presidential election, this is the busiest start we've seen in years in terms of new audiences requesting access to the PP.com message.

I ask Chris for a debrief of his trip to Pensacola, FL last week for NASA's centennial celebration -- where he and other big brains discussed what should be NASA's priorities for the next 100 years. Then, he and I discuss the warm reception our message is receiving from the large media company we're meeting with in Dallas.

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Categories: Economics

Daily Digest 2/10 - Good News Friday: China To Implement Sustainable Ag Practices, Learning To Fail Better

Chris Martenson - February 10, 2017 - 08:24
  • Two Infants Treated with Universal Immune Cells Have Their Cancer Vanish
  • Feeling proud is probably a sign that people think you’re great
  • Mo Willems' Funny Failures
  • California set to become first state to put cancer warning on Roundup
  • Lithium Stocks Will Surge Much Higher in 2017 – David Sidoo
  • Scientists cook up material 200 times stronger than steel out of soybean oil
  • New technique stores summer heat until it's needed in winter
  • China Moves To Implement More Sustainable Ag Practices, Which is Good For Everybody

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Categories: Economics

The Carbon Tax Debate Isn’t Going Away. What Would the Ideal Bill Look Like?

After opposing a Washington state carbon tax in November, climate justice advocates are setting the stage for a more thorough initiative to address both climate change and inequality.
Categories: Economics

Podcast: What's the Role of the Legal System in Creating an Equitable Economy?

Shareable Magazine - February 9, 2017 - 16:27

In this episode of Next Economy Now, Erin Axelrod, a Partner at LIFT Economy, interviews Janelle Orsi, founder of The Sustainable Economies Law Center.

Categories: Economics

Daily Digest 2/9 - Slaughter In The Streets, The Next American Farm Bust Is Upon Us

Chris Martenson - February 9, 2017 - 08:34
  • Slaughter on the streets: Brazilian city sees its murder rate go up 650% after police go on strike, with 52 murders in just THREE DAYS across lawless region
  • The U.S. military's stats on deadly airstrikes are wrong. Thousands have gone unreported
  • Silver Market Set Up For Much Higher Price Move Than Gold
  • U.S. Exorbitant Privilege At Risk?!
  • David Stockman – Get out of Stocks Now!
  • Goldman Stunned By Collapse In Gasoline Demand: "This Would Require A US Recession"
  • Oil Prices Tank After API Reports 2nd Biggest Crude Build In U.S. History
  • A Top Climate Scientist Blows the Whistle on Shoddy Climate Science
  • The Next American Farm Bust Is Upon Us

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Categories: Economics

FoodCycle Prevents Food Waste and Builds Community, One Meal at a Time

Shareable Magazine - February 8, 2017 - 17:35

One-third of all food produced worldwide is wasted, according to the United Nations. The U.K. is no exception, with 15 million tons squandered each year.

Categories: Economics

How Shared Housing Can Help Counter Social Isolation Among Seniors

Shareable Magazine - February 8, 2017 - 09:18
The term "elder orphan" describes a senior citizen who doesn't have children, a spouse, or family nearby to help them out. Elder orphans are often socially isolated and at-risk of not having their basic needs met.
Categories: Economics

Daily Digest 2/8 - U.S. Pensions Slashing Forecasts, ECB to Trump: ‘We Are Not Currency Manipulators’

Chris Martenson - February 8, 2017 - 07:37
  • Illinois Faces Further Downgrades If Budget Deal Not Reached
  • US pension funds are slashing their forecasts...and some don't even think they'll meet those
  • Investors fear "accident" as Greek debt repayment nears
  • Officials Shortchange School Pension Fund 7th Year In Row
  • Pennsylvania Gov. Wolf seeks cuts, revenues to plug $3B budget gap
  • Italy's Target2 deficit rises to new record high in January
  • U.K. Faces Austerity as Brexit Weighs on Deficit, IFS Says
  • Premier Brad Wall says Saskatchewan deficit has climbed to $1.2 billion
  • Malloy To Unveil Budget As State Tries To Tackle $1.7 Billion Deficit
  • Justin Trudeau following his dad's bad fiscal planning
  • Young Americans Would Rather Disclose Their STDs Than Their Debt
  • Japan finmin reiterates pledge against competitive FX devaluation
  • European Central Bank to Trump: ‘We Are Not Currency Manipulators’
  • Moody's warns growing debt weighs on Mexico's rating
  • Draghi Says Euro Is Irreversible as Le Pen Urges French Exit
  • China Reserves Edge Below $3 Trillion as Yuan Pressure Increases

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Categories: Economics

The Mutual Aid Network Takes a Ground-Up Approach to Create a Collaborative Economy

Shareable Magazine - February 7, 2017 - 22:16

If it wasn't crystal clear just weeks ago, it is now: The economy as it stands is currently positioned in direct opposition to social and environmental objectives. For the sake of the wellbeing of our communities, our children, and our planet, it is imperative we change the voracious path of our consumption culture and consider how we might create opportunities for people to find meaningful work.

Categories: Economics

Fight Cage

Chris Martenson - February 7, 2017 - 09:51

To my eye, society is fraying apart. People are confused, angry, isolated, and increasingly willing to fight each other. Formerly peaceful resistance is turning into violence. Our baser emotions like fear, anger -- rage, even-- are now bubbling at the surface.

It's entirely reasonable for people to be experiencing such emotions right now. But in most cases, their anger is misdirected.

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Categories: Economics

Daily Digest 2/7 - America's Student Loan Problem, Why Is There A UK Vegetable Shortage?

Chris Martenson - February 7, 2017 - 09:45
  • America’s Problem with Student Loans Is Much Bigger Than Anybody Realized
  • Malloy proposes “colossal cost transfer” onto towns for Connecticut teacher pensions
  • Ex-CIA officials say Trump’s travel ban has “no national security purpose”
  • America’s New Opposition
  • Are We Likely To See A Clash Over Resources In The South China Sea?
  • Why Is There A Vegetable Shortage?
  • Pollution-fighting Vertical Forest buildings coming to China
  • Herbal Antibiotics: An Eye-Opener

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Categories: Economics

The Fab City: It's More Than Just a City Full of Fab Labs

Shareable Magazine - February 6, 2017 - 12:19
The Fab City, a locally self-sufficient and globally connected city, invites us to explore how digital manufacturing could relocate food, energy and industrial production in an urban setting. It was the central subject of  an evening organized by OuiShare on November 10 as part of the Disruptive Innovation Festival and our exploration of the future of cities.
Categories: Economics

Daily Digest 2/6 - Marine Le Pen Kicks Off Campaign, Why Grandpa Is Homeless

Chris Martenson - February 6, 2017 - 10:21
  • Marine Le Pen Echoes Trump’s Bleak Populism in French Campaign Kickoff
  • The First 100 Tweets
  • Extreme Vetting, But Not For Banks
  • Why Grandpa Is Homeless
  • Oh Snap!
  • Stability Is Good for Business. Trump’s Whims Threaten It
  • Exxon, Rex, and Russia: A Deep Drilling
  • Trump could approve a giant merger that's scaring American farmers 

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Categories: Economics