Summary: A cold clear look at the tactics and order of battle of us vs the 1%, plus some thoughts what we must do to win. What distinguishes the 1% from the rest of us? Many things, such as their fantastic wealth, income, and power. But perhaps the most important differences are that they … Continue reading Why the 1% is winning and we are not.
But this *long run* is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again. --- John Maynard Keynes, "A Tract on … Continue reading Death of the post-WWII geopolitical regime – death by debt