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From CounterPunch: Mental health professionals must do their part to foment rebellion against the sociopolitical status quo, rather than enable it.
What’s changed and what hasn’t in the past year? What hasn’t changed is easy: 1. Wealth / income inequality is still increasing. (see chart #1 below) 2. Wages / labor’s share of the economy is still plummeting as financial speculation’s share has soared. (see chart #2 below) What’s changed is also obvious: 1. Money velocity has cratered. (see chart #3 below) 2. Federal borrowing / spending has skyrocketed, pushing federal debt to unprecedented levels. (see chart #4 below) 3. Speculation has reached the society-wide mania level. This is evidenced by record margin debt levels, reco...
Absolutely right again, John. There is little doubt in my mind that ‘as the ship goes under’ [as a consequence of the truly awful economic and social polices imposed on the masses by the looters-and-polluters club over several decades] we will see enormous pressure from the looters-and polluters club to prevent redistribution of the wealth they purloined. Effectively, handing out firearms to the crew of the sinking Titanic and telling the crew to use them on the third-class passengers if the third-class passengers attempt to break out of the lower decks (as actually happened_. The pheno...
Many people have heard of Nassim Taleb’s black swan but fewer understand how few events qualify as black swans. Per Wikipedia, a black swan is an unpredictable or unforeseen event, typically one with extreme consequences, an event that is beyond what is normally expected of a situation and has potentially severe consequences. Black swan events are characterized by their extreme rarity, severe impact, and the widespread insistence they were obvious in hindsight. Taleb’s black swan theory refers to unexpected events of large magnitude and consequence and their dominant role in hist...