Thanks to a couple long-time readers for attending today’s panel discussion, which I described briefly a couple days ago. One of you asked me to post the transcript, so I’ve cleaned up my notes and posted them below.
Occasionally when people talk to me about my new life in and around the mud hut, their conclusions include one of the following statements: (1) You’re selfishly wasting your talent as an excellent and inspiring teacher. You should be teaching at the university, saving students, instead of preparing for economic collapse. (2) Don’t be silly. The United States cannot suffer economic collapse.
My responses go something like this:
I’ve long recognized the two-party, one-ideology basis of American politics, and I was calling Barack Obama a neoconservative long before it was popular to recognize him as the Teflon President 2.0. But even I can hardly believe this tidbit from a guy I thought was pretty damned smart: From the I-cannot-believe-this-is-happening camp, Obama is appointing a Monsanto man as food safety czar. Welcome to Farmageddon, land of the free.
As I’ve said and written too many times to count, the Greatest Depression is just getting started. The stock markets have experienced a bear-market rally analogous to the 48 percent rally of 1929-1930. But contemporary unemployment figures indicate serious structural damage to the industrial economy, and even mainstream pundits have started to figure it out: “Most of the jobs lost will never come back.”
Duh.