To his imperial credit, Barack Obama did manage to calm the stock markets for a year. But his promises of oversight and transparency are being overwhelmed by his actions. It’s obvious the banksters will not be regulated on Obama's watch…
Like global climate change, peak oil represents a predicament, not a problem. There is no politically viable solution to either of these great challenges. Political solutions require economic growth, forever, and therefore no significant sacrifice on the behalf of the…
It's all the rage to talk about a double-dip in the industrial economy. That would be an economic trend in the shape of a W. I think an M is far more likely. The assumption of never-ending growth underlies all…
As I’ve written and said many times, I see no politically viable solutions to peak oil or global climate change. There is simply no way to tell the masses the truth about economic contraction and then get re-elected. Ditto for…
People often accuse me of inappropriate behavior because I propose bringing down the industrial economy. Interestingly, nobody seems too concerned about the morality of the big banks as they devise ways to profit from economic collapse (to be fair, some…
It’s rally time on Wall Street. The Dow Jones Industrial Average eked out a positive day for the eighth day in a row to hit a year-long high amidst the longest streak since April of 2007. Before you get too excited about this bit of green-shoots news from the boys on murderer’s row, let’s consider the cause and consequences.
Over at Endless Emendation, I’ve been debating whether the industrial economy is near its end. Even without seriously raising the issue of the horrors of the industrial economy for the world’s cultures and species, and even for our own species, I’ve met a bit of resistance.
It’s not unlike the resistance I’ve met here. Or, during the last several years, everywhere else in the empire. I’ll avoid the issue of the horrors, just for simplicity. But I’m going to foray into the last of fast collapse. Readers, brace for impact.