Remember the 2015 film which dramatized the (commonly called) 2008 Crash, The Big Short with Christian Bale as Dr. Michael Burry? Weird (and unregulated) private financial derivatives*** caused a financial meltdown felt around the world. Real estate companies, banks, Wall Street Traders, bond rating agencies, and others all contributed to creating the fiasco. The groundwork for it all developed during the Clinton Administration CORPORATE DEMOCRATS ERA and the Dubya Bush DEREGULATION ERA. Millions of people were severely impacted.
Tuesday, December 10, 2024
Here's what happens when capitalism is deregulated
Remember the 2015 film which dramatized the (commonly called) 2008 Crash, The Big Short with Christian Bale as Dr. Michael Burry? Weird (and unregulated) private financial derivatives*** caused a financial meltdown felt around the world. Real estate companies, banks, Wall Street Traders, bond rating agencies, and others all contributed to creating the fiasco. The groundwork for it all developed during the Clinton Administration CORPORATE DEMOCRATS ERA and the Dubya Bush DEREGULATION ERA. Millions of people were severely impacted.
Monday, December 9, 2024
The Myth of Capitalism vs. Socialism re Reality
The Myth
There's only one general type of Socialism, and it's all bad/destructive. [Such is the view of the Political Far-Right around the world.] There's only one general type of Capitalism, and it's all bad/destructive. [That's the view of the Political Far-Left around the globe.] Neither assertion is true. In each case, there are at least two types: dictatorial, and democratic.
The Reality
First, let's look briefly at the USA. My beloved Land is usually thought to have a purely capitalist economic system. That's certainly the view of most people on the political Right, and probably the view of most on the political Left as well. The fact is: ours is a Mixed Economy. While it's primarily capitalist, it has many aspects of democratic socialism. Here are several of those aspects: PUBLIC roads; PUBLIC schools; PUBLIC water systems; PUBLIC sewer systems; PUBLIC museums; PUBLIC parks; PUBLIC health clinics; PUBLIC Zoos; the Social Security Administration; prison industries; and the V.A. health care system. There's more, but you probably get the idea by now. Also consider the following.
When people refer to "capitalism in the USA", precisely which version of that economic system is being referenced? Is it Crony Capitalism? Neoliberal Capitalism? Disaster Capitalism? Casino Capitalism? Monopolistic Capitalism? Oligarchic Capitalism? [They all exist here.] It most certainly is NOT Adam Smith Capitalism. That's found mostly only in the arena of Small Business enterprises. Mega Biz people engage in the other forms. I doubt most of them even have read The Wealth of Nations.
Adam Smith considered himself more of a philosopher than an economist. Nevertheless, he's lauded as the Father of Economics. He favored the establishment of SMALL, competitive businesses, not Mega, monopolistic Biz. He never used the term "capitalism"; instead, he referred to "commercial society". Most importantly, he believed that economics was only one aspect of the human condition, and not the be-all and end-all of Life. The full title of his famous book is An Inquiry into the Nature and Causes of the Wealth of Nations. He was a Scotsman, and he changed the world.
Let's consider even more briefly the countries which adhere to democratic socialism, such as Norway***. While they primarily may be socialistic in nature, from all I've read and heard about their economics, it seems to me they do embrace capitalism to a significant degree. In other words, they each have a Mixed Economy. I doubt many of their Powers-That-Be would deny it.
***Norway is the richest country in the world...not in aggregate financial wealth, but in the more accurate and comprehensive measurement of per capita income. It beats the USA in that regard.
Usually, in any "free world" country it's the Far Right and the Far Left folks who ignore the reality of their Mixed Economy. They can't wrap their minds around such a concept maybe because it seems to contradict their ideology. They are "True Believers", and nothing will do except pure capitalism or pure socialism. Perhaps with age they'll realize that most things in Life are gray, not black or white.
Thursday, November 14, 2024
Here's precisely why & how the American Empire is ending, and Trump has a very minor role
Jeffrey Sachs is a respected international economist, a notable Professor, and an experienced consultant to governments in the arena of international negotiations. In this relatively short and recent interview, he gives a no-holds-barred view of why and how the unipolar world is changing to a multipolar one. The days of the Government of the USA being the Big Kahuna are coming to an end. In most respects, such is not a bad thing. On the international stage, our Fed Gov't over decades has become arrogant and bullying, and that has been in play long before Trump.
https://www.youtube.com/watch?
Trump became somewhat popular largely because of his TV Reality Show. Here's the only thing you need to remember about that show: it was scripted FICTION. In the real world, DJT primarily was a failure in business. If you don't believe it, look closely into his various businesses from the 1980's to the present. You'll find numerous bankruptcies, the shafting of contractors, the shafting of employees, court cases against him, fines, etc. He once claimed he got his start with "a small loan of a million dollars" from his father.
David Cay Johnston, the investigative journalist and Pulitzer Prize winning author, has written a number of best-selling books about economics, Big Business, and Trump. In one of the Trump books, he states that Fred Trump "loaned" Donald a total of sixty million dollars over the years. So much for DJT's "small loan".
It wouldn't surprise me at all if, when Trump says he'll "make America great again", he imagines a hundred-year (or maybe a thousand-year:) State-Corporate Complex with his descendants at the helm. Based on his history of the last forty years, though, what's highly likely to occur is this: he will self-destruct. In the next two to four years, his management and policies will destroy the popularity he has now with the 28% (of all American adults) who elected him. Example: watch what happens when he implements his much-touted Tariff increases. [See this 12-minute clip, previously posted on this blog: https://www.youtube.com/watch?
BOTTOM LINE: Trump will not be able to stop what Prof. Sachs says is coming to the world extremely soon. DJT's so-called strongman image is a complete charade. Most of his supporters soon will see he's nothing more than a serial liar who is somewhat clever.
Tuesday, August 27, 2024
Why Big Biz Backs Trump, and why Sustainability is feared by them all
Robert Reich explains it in a clip under three minutes long---
https://www.youtube.com/watch?
One might guess it's about tax cuts and tax avoidance. Yes, but it's also about blocking the path to Sustainability. Many years ago, the Titans of Mega Biz realized they had to start talking-the-talk in regard to renewable energy, but walking-the-walk largely could be avoided IF they spent big bucks on politicians friendly to the economic status quo. A bit later, they recognized that Sustainability involved a lot more than just transitioning to renewables. It also meant reducing our energy use, being accountable for pollution, treating workers and consumers fairly, eliminating corporate welfare, increasing the social safety net, and more.
In the view of Mega Biz, the economic status quo was being threatened as never before. So, both individually and collectively, the Titans decided to essentially buy more and more political influence. They selected, groomed, and financed the majority of national political candidates. Their degree of success in getting candidates friendly to their view varied, but almost always was at least somewhat on the mark...even with Democrats.
Monday, July 22, 2024
KUDOS to Joe Biden, and What's Next
I had the feeling he badly wanted "The Last Hurrah"; however, he made the decision to do what's best for the country instead. Sincere congrats to you, Mr. President.
Friday, July 12, 2024
"Rattling The Establishment's Cage: ..."
For those who may not like (for whatever reason) shopping on Amazon, my latest book is also now available in eBook format here---
and here---
Thursday, July 4, 2024
Memo to both Main St. & Land Use Planners: this positive, global change is highly likely to occur within 10 years
Sunday, June 23, 2024
Here's one reason Trump plainly is ignorant of crucial matters, and why HISTORY is important
Thursday, June 6, 2024
The really bad news and the really good news regarding the Green Transition
- The "Circular Economy" (CE) - about which everyone is raving - does not fully account for the energy requirements of industrial society.
- The CE does not take into account materials which cannot be recycled or are lost to the environment (e.g., the soles of your shoes are worn off in microscopic bits over time, and cannot possibly be 100% recycled; another example - clay is used to make bricks, but bricks cannot be recycled to obtain clay).
- The CE does not account for the requirements and role of the mining of needed resources. [The mining and smelting or refining of metals requires A LOT of energy and water.]
- The CE primarily is based upon the recycling of materials.
- The "Resource Balanced Economy" (RBE) sprang from a much modified version of the old Resource Based Economy (of J. Fresco, and later, Peter Joseph).
- The RBE is a Steady State Economy which recognizes the folly of pursuing infinite ( & exponential) economic growth on a finite planet.
- Using Science rather than Ideology, the RBE Plan proposes a new system of resource accounting and allocation (which includes the health of ecosystems).
- The RBE Plan proposes a paradigm shift and systems approach in the management of raw materials and physical goods.
- The RBE Plan outlines the beginning of innovation and societal change which will lead to a sustainable and equitable existence.
- The RBE Plan correlates and interconnects the concepts of small-is-beautiful - economics as if people mattered (E.F. Schumacher), planetary boundaries (Johan Rockstrom), ecological overshoot (William E. Rees), the-great-simplification (Nate Hagens), and the-closing-circle - Nature, Man, and Technology (Barry Commoner).
Monday, May 27, 2024
A two-minute video from the UK on "Nature"
Thursday, May 2, 2024
War, ignorant politicians, Eco-Crisis, famine, and what to do
[It's both tragic beyond belief, and hilarious in its total ignorance.]Sunday, April 28, 2024
"Rattling The Establishment‘s Cage: Short Essays & Notes on Unorthodox Views of...
Environment, Economics, Ethics, Politics, War, Spirituality, and More"
For multiple decades, the Establishment (both public and private) has been wildly successful in influencing us to accept concepts, policies, and actions which favor the Upper Crust of society at our expense. But in the last ten years or so, everyday working people have decided enough is enough. Genuine change is in the Big Picture now, and education - both formal and informal - is the key. This short book can help to overcome the Establishment propaganda, and point the way to a sustainable and meaningful existence.
Many of these essays were written for a blog I’ve maintained since 2007, IndividualSovereignty.blogspot.com; others were penned this year, 2024, and are not on the blog as of this writing. All have been written by me (no A.I.), are some of the most popular on the blog, and all were edited for this book. Each essay is on its own page (some are two or three pages in length), and for context, I’ve included the year it was written.
Tuesday, March 19, 2024
Here's why A.I. must be decentralized ASAP
Send this list (or the entire essay) to your political representatives.
Go to the link on the post below (from last month) for many more details provided by John Robb: https://individualsovereignty.blogspot.com/2024/02/this-peril-goes-way-way-beyond-trump.html
As Robb points out, totalitarian communism was defeated largely because its system was overly centralized. The system of democratic countries, for the most part, is decentralized, which over time makes it more innovative and resilient. Unfortunately, though, with financialization and corporate globalization, democratic countries essentially have created a highly centralized system. Only a relatively small number of people control the direction of finance, economics, trade, and politics. If A.I. remains a "black box" (so to speak) with only a small number of corporations determining its content and direction, then our centralization problem will increase exponentially. There's a high degree of probability that a somewhat subtle form of Authoritarianism will follow. It's highly likely that a majority of people will be convinced to demand it.
Thursday, February 22, 2024
Attention: Main Street, City & County Comprehensive Planners, and Anyone Truly Interested in Sustainability
Wednesday, February 21, 2024
"France's Start-Up Nation is a Neoliberal Hell"
https://techwontsave.us/episode/206_frances_start_up_nation_is_a_neoliberal_hell_w_nastasia_hadjadji?emci=10369721-2fd0-ee11-85f9-002248223794&emdi=fdc8a869-ebd0-ee11-85f9-002248223794&ceid=6171896
Monday, January 29, 2024
The Mother of All Feedback Loops re Human Society
Wednesday, January 24, 2024
MAGA should become MAMA: $50 TRILLION has been taken from Main Street
https://www.commondreams.org/
Mad about what?...trickle-down economics, that's what.
For a bit over forty years, the USA has encouraged/supported "trickle-down" economics. It has been a resounding success...for the Super-Rich. They mined the gold; and Main Street got the shaft. There's nothing "Great" about such economics; but Trump thinks there is.
At the link above, a Time magazine article which explains all this is discussed/analyzed by Paul Buchheit, an economic justice author. He does a great job in this opinion piece of showing how MAGA ignores the reality of the last forty years.
To put $50 trillion into perspective, let's compare the number one million to the number one billion in the framework of "time". One million seconds (of time) = about twelve days, and one billion seconds = about thirty-one years. As you know, the number one trillion = 1,000 times one billion.
Often the Upper 1% of income earners like to imply (or state outright) that they pulled themselves up the ladder of wealth by their own bootstraps (so to speak). Taking the vast High Tech Industry as an example, let's look at what really happened.
Tuesday, January 23, 2024
More on: "Choices & Change on the Path to a Sustainable Existence..."
- why we're blind to the Big Picture regarding the "carbon pulse" (fossil energy), and what it will take to transition away from it;
- why the pursuit of infinite economic growth must be abandoned ASAP;
- our blindness regarding mineral requirements for a Green economy;
- while "Going Green" is necessary, unfortunately the present approach by the Powers-That-Be is insufficient;
- why we are not superior to and separate from Nature;
- why our society must convert from high-energy use to low-energy use;
- the complex feedback loop involving constant economic growth, which requires more energy, which then creates more complexity in society, which then requires more energy, which then creates even more complexity, etc. is ruining our habitat;
- ecological overshoot is THE problem, but Powers-That-Be mostly are trying to address only the symptoms of that;
- why there's a soil crisis, and the best choices for resolving it;
- ditto for the fresh water crisis;
- ditto for the food crisis;
- why healthy ecosystems and biodiversity are the bedrock of our existence;
- how factory farming is ruining agriculture, and the best choice forward;
- what many people don't seem to understand about science;
- what is "sustainability", and numerous examples of it;
- the shift in our ethics which is necessary for humans to survive and thrive;
- the propaganda coming from the Corporatocracy;
- why the petrochemical industry must be reined-in;
- why "The Market" can't solve the ill effects of Climate Change; and
- what's needed for a bright future for us and our descendants.
Friday, January 19, 2024
"Choices & Change on the Path to a Sustainable Existence..."
My second book is now available at the link below. Please read the Description, in which I discuss who probably would enjoy the read and who would not.
Tuesday, December 26, 2023
Approaching the Net Energy Cliff
https://steadystate.org/
It's difficult to see how any objective person can deny it, but apparently (from what I've read and watched), many do. Combine what's at the link above with the narrative at the link below, and any denial becomes nonsensical.
https://www.youtube.com/watch?
"Don't Believe Him"
The Nazis in the 1930's and 1940's used exactly the same propaganda tactic as is used by Trump: repeat a lie over & over, and m...
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Kirkus has been around for decades, is number 2 *** in the USA for quality book reviews, and is known for being tough on authors. They h...
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What is below should not be construed as legal advice. I am not an attorney or a para-legal. With some research and my past experience as a ...
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PBS Frontline has an online video that is a preview of a full piece airing later this month , Obama's War . The preview is gritty, wit...