Showing results by author "Charles Hugh Smith" in All Categories

When I burned out, what I wanted but could not find was a practical guide by someone who had experienced burnout themselves. None of the material I found spoke to what I was experiencing or to my sense that our economy is now optimized to burn people out. I decided to write the guide I wanted but could not find. This is my experience of burnout, reckoning, and renewal. Burnout is a life-changing experience in a good way, as absurd as that may sound to those in the depths of burnout. To paraphrase Samuel Beckett: I can’t go on, but I must go on. There is a way forward.

Inequality is rising globally, and rising inequality is destabilizing. A status quo of increasing inequality self-destructs. To avoid this fate, we must answer this question: Why is the gulf between the wealthy and everyone else widening? The answer boils down to one word: privilege. There are many types of privilege, but they all share two characteristics: Privilege delivers benefits, wealth, and power that are unearned. Privilege is destabilizing for many reasons: The dead weight of privilege reduces productivity, generates perverse incentives, and fuels social injustice.

Our status quo - the pyramid of wealth and power dominated by the few at the top - has failed and is beyond reform. This failure is not rooted in superficial issues such as politics or governmental regulations; the failure is structural. The very foundation of the status quo has rotted away, and brushing on another coat of reformist paint will not save our societal house from collapse.

In Get a Job, Build a Real Career and Defy a Bewildering Economy, respected financial blogger Charles Smith (oftwominds.com) turns the conventional wisdom on its head. This book delivers the insight and positive action plan to get you employed. Just starting out? Laid off? Trying to restart you career? Get a Job, Build a Real Career and Defy a Bewildering Economy arms you with the knowledge you need.

What every human wants is fairness, a chance to belong that offers everyone opportunities to get ahead by our own merit and a say when decisions are made. Even before the global upheavals, our system was failing - it wasn’t fair at all. Now that it’s unraveling, it’s time for a new arrangement that’s actually sustainable on our resource-depleted planet that doesn’t favor wealthy insiders. Those gorging on inequality will never accept reforms that strip away their unearned privileges, and so the only practical way forward is a Hacker’s Teleology.

Will you be richer or poorer? What does the future hold for you - and for the world? Supposedly, we're all getting richer, but many of us feel we’re becoming poorer. Why? One reason is our economy doesn’t even measure many kinds of wealth and ignores many costs. Clearly, clean air and water, good health, and civil liberties are valuable, but you won’t find these on any balance sheet. Our system’s incentives are to maximize short-term financial profits, and everything else is treated as if it doesn’t exist.

All nations, including the United States, face systemic crises that are reinforcing each other at an explosive point in history. The status quo is now the problem rather than the solution. These novel crises demand an entirely new grand strategy. The global crisis offers an opportunity to redraw America’s grand strategy from the ground up. Should we fail to make full use of this opportunity, the United States will fail, along with all the other nation-states that are incapable of redefining the problems so that new solutions become possible.

Debasement of the dollar as a result of ill-use of leverage is destroying the global economy, and in Leverage, well known market commentator Karl Denninger follows the path of money throughout history to prove that currencies are debased when moneyed and powerful interests pull the levers of government and policy to enrich themselves at the expense of the masses. The result is ugly: the value of everything - including gold - falls, and even personal safety is at risk in a world where there is limited money even for essentials like food and fuel.

The current conventional-wisdom view of our soon-to-be future is rose-tinted: Automation will free millions of people from the drudgery of work, then by taxing the robots doing all the work, we can pay everyone universal basic income (UBI), enabling a life of leisure and artistic pursuit for all. The result: a future of universal happiness. But is this accurate? Is this what UBI is actually capable of doing? More importantly, is this what we want? And even more importantly: Will this “future” be our best future? Listen to find out more.

America teeters on the precipice: our government is now captive to special interests and big money, twin cancers that threaten our democracy. This accelerating crisis is exacerbated by a toxic social media-fueled tribalism that has replaced “what do you think?” with “which side are you on?” Our crisis isn’t just political - it’s structural: as the pace of change explodes from gradual to non-linear, the organizations that dominate our economy - centralized corporations and government - become destined to fail.

What if we could hit the reset button on the way we create money, work, commerce, and community? This is not an idle question, for technology now enables us to hit that reset button and organize the creation of money, work, commerce, and community in new ways. If we could start from scratch, what would a new system look like? To answer that, we must understand why the current system is failing. The current system is based on five principles that are assumed to be true.