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The Internecine Deep State Conflict Moves To Stage Two

Authored by Charles Hugh Smith via OfTwoMinds blog, It now seems evident that the Neoliberal Camp of the U.S. Deep State is highly vulnerable on an individual basis. I tend to notice things like a year-old blog entry suddenly getting thousands of page views. The essay that received a surge of recent interest: Is the […]

Democratization of Money vs. Economic Feudalism

The Fed is the Market, Until Someone Bigger Comes Along..  UPDATE:This editorial was written  3 days ago in reaction to reading the Zerohedge post As Bitcoin Nears $10,000 “Central Banks Kept Up At Night” by Vince Lanci “Free markets for free men”- patch worn on the Nymex floor during Iraqi war.  The reality: We were cheerleaders for Halliburton […]

“Russia Did It” and Other Crimes

    “Russia Did It” and Other Crimes Posted with permission and written by Rory Hall, The Daily Coin           We haven’t had a system of capitalism since the Federal Reserve and Woodrow Wilson hijacked the US Treasury and US economy in 1913. Our financial, monetary and economic system has morphed […]

Is This Why Productivity Has Tanked And Wealth Inequality Has Soared?

Authored by Charles Hugh Smith via OfTwoMinds blog, Needless but highly profitable forced-upgrades are the bread and butter of the tech industry. One of the enduring mysteries in conventional economics (along with why wages for the bottom 95% have stagnated) is the recent decline in productivity gains (see chart). Since gains in productivity are the […]

How The American Dream Turned Into Greed & Inequality

Authored by Alberto Gallo via WEForum.org, The American Dream is broken. Paul Ryan, speaker of the House of Representatives, recently stated that "in our country, the condition of your birth does not determine the outcome of your life." Yet the idea that every American has an equal opportunity to move up in life is false. […]

Is Capitalism Dead Or Merely Dying?

Authored by Raul Ilargi Meijer via The Automatic Earth blog, New Zealand’s new prime minister Jacinda Ardern calls capitalism a blatant failure. Former Greek finance minister Yanis Varoufakis says capitalism is ‘merely’ coming to an end because it is making itself obsolete. Mathematics professor Bruce Boghosian claims that without redistribution of wealth, our market economy […]

Globalization Is Poverty: “The Endgame Is Painfully Obvious”

Authored by Raul Ilargi Meijer via The Automatic Earth blog, Central bankers have never done more damage to the world economy than in the past 10 years. One may argue this is because they never had the power to do that. If their predecessors had had that power, who knows? Still, the global economy has […]

Capitalism – A New Idea

Authored by Jeff Thomas via InternationalMan.com, Capitalism, whether praised or derided, is an economic system and ideology based on private ownership of the means of production and operation for profit. Classical economics recognises capitalism as the most effective means by which an economy can thrive. Certainly, in 1776, Adam Smith made one of the best […]