In his 2005 book “Collapse: How Societies Choose to Fail or Succeed,” Jared Diamond listed three indicators that a society was going to collapse. He based his findings on a study of three historical societies: the Pueblo civilization in Chaco Canyon between 850 and 1250 CE, the Mayan civilization in Mesoamerica from 250 to 950 … Read more
Something seems to have broken with capitalism. Albert Edwards Albert Edwards is an economist for the Societe Generale investment bank. He is concerned that capitalism is no longer working as it should. During a time of a slowing economy – with higher commodity prices and a labor shortage (as during the 4th quarter of 2022) … Read more
New research from the RAND Corporation shows what working Americans have suspected all along. From 1975 to 2020, the top 1% of Americans have stolen 50 trillion dollars from the aggregate annual incomes of the bottom 90% of Americans. Everyone in the United States today would be healthier, happier, and better educated if we had … Read more
I used to think that Donald J. Trump was simply incompetent. That the problem was that the presidency was far beyond his abilities. That he was flailing because he was in way over his head. It very quickly became obvious to me that he is an extreme narcissist. Everything around him has to be about … Read more