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.
- 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?
- 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
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...
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.
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.
Daily Digest 2/10 - Good News Friday: China To Implement Sustainable Ag Practices, Learning To Fail Better
- 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
In this episode of Next Economy Now, Erin Axelrod, a Partner at LIFT Economy, interviews Janelle Orsi, founder of The Sustainable Economies Law Center.
- 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
Daily Digest 2/8 - U.S. Pensions Slashing Forecasts, ECB to Trump: ‘We Are Not Currency Manipulators’
- 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
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.
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.
- 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
- 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