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The self-liquidating nature of the mercantilist model cannot be reversed, it can only be managed as stagnation. Everyone is an expert now on China. Which to say, everyone has an op...
Only then do we realize that by optimizing profit and efficiency, we’ve also optimized systemic failure. In my essay AI, Money, Human Nature and the Problem with Problems, I refer...
A system that comes to depend on synthetic signaling for its “information” is doomed to Model Collapse, as its signaling has completely detached from the real world. That we inhabi...
Cloaking a fake “market” with artifice to maintain its asymmetrical distribution of wealth and income also cloaks its detachment from the real world. I often refer to the dynamics...
Maybe focusing on next quarter’s profits and reaping short-term gains from financializing everything under the sun with debt weren’t such great ideas after all. Traditionally, the...
Michael Hudson explains the dangers and costs of Wall Street’s Ponzi schemes.
In case you did not get the memo, human capital is now officially inferior.
We have a problem, but we aren't even trying to address it.
How we define “problems” also defines what we “understand” as a “solution,” and if our definition is circular, it’s delusional. Readers kindly point out I don’t understand either A...
Brink Lindsey discusses the gap between mass prosperity and mass flourishing, capitalism’s crisis of inclusion, and the implications of falling fertility.
An informative and wide-ranging conversation of how economic policies can neglect, support, or impede the prosecution of war
Michael Hudson explains how the financier-friendly medicine of higher interest rates will only make the impending economic crisis worse.
“Whenever governments are granted power to purchase their own debt, they never fail to do so, eventually destroying the value of the currency.” – Ron Paul Let’s take a step back an...
I recently sat down with Steve Keen to explore a deeply uncomfortable truth: the global economic system is far more fragile than mainstream economics admits. Read the full article....
The wealth gap between the rich and the working class is not simply a matter of ambition or effort. It is the systemic result of how capital, psychology, and government policy inte...
Satyajit Das looks at the big stressors on the global economy and find that governments will be unable to do much to alleviate them.
In the opinion of this humble blogger, prediction markets epitomize what is wrong with modern society. l
College grads, it may be time for different approach, not just in getting a job but in life. If we scrape away the hype and the humbug, this is the corporate economy in a nutshell....
Nobody is saying it out loud. Not on the news, not in official reports, not in the polished statements released by governments or corporations. But you can feel it—like a low-frequ...
Ramifications of the growing wealth share controlled by the top 0.1%. The post The Super Rich appeared first on A Wealth of Common Sense. ...
Humans have a strong, evolution-based desire for fairness and equality, yet they are more and more neglected in policy design.
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