social cohesion

Worry not about America becoming like Zimbabwe. Worry about becoming like Argentina.

By / Leave a Comment / 26 May 2015

Summary:  What is a reasonable worse-case scenario for America during the next generation or two?  This post sketches one such, in which political weakness undermines America’s economic foundations.  Whether or not this happens depends on our actions during the next few years. People seeking to incite irrational fears — hoping to make us easy to manipulate — …

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Everything written about the economic crisis overlooks its true nature

By / 59 Comments / 1 January 2015

Summary:   This site opened in November 2007 with three posts about this crisis, describing it as End of the post-WWII geopolitical regime.  Until we and our leaders understand this, we can neither appropriately respond to events nor prepare for future problems.  While the title overstates the situation (there are many who understand), it captures the key mental barrier we …

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This financial crisis is the transition to a new world; like birth, it is painful

By / 57 Comments / 3 June 2010

Summary:   This is an attempt to gain a historical perspective on our time, speculation about our present and future — seen in terms of past cycles. Here is a surefire way to get economists’ attention:   tell them that we are only in the second “inning” of this downturn.  Their incredulity results from belief that the trough is near …

This financial crisis is the transition to a new world; like birth, it is painful Read More »

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