Shredded Chicks

Worldwide, eggs are a favorite food item. Over 77 million metric tons of eggs were produced in 2019. There’s a heavy hidden toll behind that production.

Megaprojects

Men have long admired grandeur of their own making. Industrialization magnified the scale which could be attempted. As the hoary proverb goes: the bigger they are, the harder they fall.

Farm Subsidies

Farming has long had outsized political pull, owing to the disproportionate electoral power of rural areas over cities in ostensible democracies. Farm subsidies and tariffs on agricultural imports are common throughout the world; highlighting the hypocrisy of capitalists, who proclaim free trade as a cardinal virtue.

The Last Depression

The last recession spelt a titled recovery: the rich rapidly recouped and got richer while the working class struggled to keep their economic footing. Now, over a decade later, the world economy is inexorably heading toward another downturn. It may be the last depression.

Levitation

The world economy is grinding down. The protracted trade war started by President Trump is sapping economic vitality. A recent demonstration of inter-bank mistrust forced federal intervention. American employment and consumer spending are slipping. The economy of Germany, the stronghold of Europe, is sputtering. Growth in China is slowing. Climate change is taking an increasing toll as a harbinger of self-extinction. Yet stock markets, especially America’s, generally remain buoyant. How?

Flight from Decency

In 2017 Boeing opened a museum for its employees dedicated to aviation safety. The artifacts intend to show how tragic accidents in the company’s history advanced airplane safety. Instead, they illustrate a pattern of cover-up.

Sleepwalking

Humanity is sleepwalking to its own demise. Worldwide, there is no decent political leadership; instead, daily doses of petty politics and slimy sloganeering as usual. On the economic front, English economist Mervyn King reminds that the sleepwalking is likely to catch up with us soon.

Tight Housing

Oligopoly is the natural state of a mature capitalist market. That state was attained by American home builders after the Great Recession of 2008, in the wake of the crunch caused by a housing financial free-for-all that went into free-fall.

Authoritarian Inequity

Capitalism is a system for unbridled evil: responsible for the rape of Earth and the financial enslavement of most of the members of societies which embrace the economic regime, which is practically the entire world. The gross inequity which is the invariable result of a mature capitalist state inspires the simpletons in the underclass to wish for a strongman in whom they can vest hope of some salvation.

Lemons

Financial instruments are like used cars in that the incentive to pass off inferior products is strong. Buyer lack of information represents a market failure with fraught consequence. The last financial collapse, and the one coming, are fruit from the same lemon tree.

Nothing Doing

The devastation of climate change is becoming more pronounced. This progression will accelerate during the 2020’s, with deaths from extreme weather, as well as water and food shortages, rising precipitously. Yet the trend of governments worldwide largely paying lip service to the growing crisis will also continue. Here’s why.

The Doom of Dumb Animals

The operational definition of intelligence is a consistent display of appropriate behavior. Behind the behavior is a mental construal of how the world works. Failing to comprehend the environment invariably has negative consequences. In the instance of humans on planet Earth, the diagnosis is clear and the outcome apparent. These creatures face impending extinction and are taking much other life out with them.

Free Enterprise

The American Legislative Exchange Council (ALEC) advocates “limited government and free markets.” They campaign against clean air and clean water, and favor legislation that allows routine animal cruelty.

Bankrupt

U.S. Federal Reserve Chairman Ben Bernanke and the board of governors did not have a clue that the global financial crisis that started toward the end of 2007 was upon them. The reason is simple: their econometric model completely ignored banks as a profit-making enterprise.