Tuesday, June 24, 2025

Is Life Now a Snack?

What's changed isn't our hard-wiring. What's changed is our industrial and communications technologies' powers to activate and exploit our hard-wiring.

Is daily life now a snack? This is the premise of my new book, Ultra-Processed Life. What makes this interesting is it's something we can all observe in our daily lives--how the processes that make ultra-processed snacks so addictive and unhealthy have spread into every nook and cranny of life.

I liken this normalization of addictive and unhealthy lifestyles to an aggressive invasive jungle vine that soon smothers the native forest. Like the vine, Ultra-Processed Life is extremely successful at drawing us in: who can resist the brightly packaged, oh-so-tasty New and Novel?

As I note in the book, I think I have a healthy amount of self-discipline, but the moment I crunch into a salty, sweetly oily snack, every shred of self-discipline dissolves, and I'm reaching into the cheery bright package for another one, and then another one until there's none left.

This is how Ultra-Processed Life works: it activates our built-in desire for whatever makes us feel good in the moment--a dopamine rush that can be unleashed by a broad range of stimulants.

In effect, ultra-processed goodies hijack our hard-wired appetites for what's scarce in Nature. This extends beyond food into the digital realm, where the screen becomes the snack we can't stop consuming.

Though the dopamine hit feels good in the moment, the long-term consequences are not positive. Once life is reduced to moving from one dopamine hit to the next, we not only enter the unhealthy realm of addictive behaviors, we lose touch with the unprocessed world, and lose our taste for unprocessed life: after becoming accustomed to a diet of unprocessed foods bursting with sweetness, salt and savory fats, real food--and thus real life--loses its appeal.

This generates a great tide of perverse consequences. These ultra-processed replacements of unprocessed life offer up endless temptations begging to be indulged: Ultra-Processed Life is like living in a candy store without any adults to stop us from eating as much as we want.

I can think, "eating this entire package of unhealthy snacks is not good for me," but our rational filters don't stop the pleasures and comforts of the dopamine rush.

There is a rich vein of irony, perversion and paradox in this. Products, services and experiences are designed to attract and addict us, and when our rational filters fail, then the fault is ours: tsk-tsk, you didn't display god-like self-discipline.

What's changed isn't our hard-wiring. What's changed is our industrial and communications technologies' powers to activate and exploit our hard-wiring. Now that life is so overwhelmingly complex, we find solace in a simplified sandbox world of Ultra-Processed Life because it offers immediate gratification and relief.

The cost is higher than we realize, for the sources of authentic human fulfillment and happiness can't be packaged and commoditized. What we're consuming is artificial, a manufactured contrivance that's profitable for the purveyors but not for the consumers.

This world is now hyper-normalized: if it's all we know, then we think it's all there is, and so we no longer recognize its impoverishment and artificiality. My analogy is the forest: if a child has only experienced a tree-farm forest, trees planted to maximize future profits, they naturally assume "this is a real forest."

But this is not an authentic forest. If the child never visits a pristine native forest that has never been clear-cut, they will never experience a real forest. If all the child has ever eaten is commoditized bread manufactured to extend its shelf life, they will never know what real bread tastes like.

In this simplified hyper-normalized version of daily life, if it's not on the screen, it doesn't exist. It does exist, but we're no longer aware of it.

This is why the first chapter of the book is entitled The Machinery of Bewitchment. If you'd like to read a bit more, the book's Introduction and first section are free in PDF format.

As with many others, the catalyst for this journey was a life-threatening medical crisis. This led us to a path away from Ultra-Processed Life, a path I discuss in the book.

I'm offering the book to my readers at a 25% discount for the ebook edition and 19% discount on the print edition through Friday, June 27. At midnight Friday EST, the price reverts to list ($16 print, $20 hardback, $7.95 Kindle ebook).

I think you'll find the ideas intriguing and worthy of exploration. The book is currently "#1 New Release in Social Philosophy" on amazon.com.



Ultra-Processed Life is available at a 25% discount on the ebook edition and 19% discount on the print edition through Friday, June 27.




My recent books:

Disclosure: As an Amazon Associate I earn from qualifying purchases originated via links to Amazon products on this site.

Ultra-Processed Life print $16, (Kindle $7.95, Hardcover $20 (129 pages, 2025) Read the Introduction and first chapter for free (PDF)

The Mythology of Progress, Anti-Progress and a Mythology for the 21st Century print $16, (Kindle $6.95, Hardcover $24 (215 pages, 2024) Read the Introduction and first chapter for free (PDF)

Self-Reliance in the 21st Century print $15, (Kindle $6.95, audiobook $13.08 (96 pages, 2022) Read the first chapter for free (PDF)

When You Can't Go On: Burnout, Reckoning and Renewal $15 print, $6.95 Kindle ebook; audiobook Read the first section for free (PDF)

Global Crisis, National Renewal: A (Revolutionary) Grand Strategy for the United States (Kindle $6.95, print $16, audiobook) Read Chapter One for free (PDF).

A Hacker's Teleology: Sharing the Wealth of Our Shrinking Planet (Kindle $6.95, print $15, audiobook $17.46) Read the first section for free (PDF).

Will You Be Richer or Poorer?: Profit, Power, and AI in a Traumatized World
(Kindle $3.95, print $12, audiobook) Read the first section for free (PDF).

The Adventures of the Consulting Philosopher: The Disappearance of Drake (Novel) $3.95 Kindle, $12 print); read the first chapters for free (PDF)

Money and Work Unchained $6.95 Kindle, $15 print)
Read the first section for free


Become a $3/month patron of my work via patreon.com.

Subscribe to my Substack for free





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Monday, June 23, 2025

Meta-Thoughts on the War

Decades of 'The Fog Machine of War' have jaded the public's appetite for 'Narrative Control'.

The Fog of War is perhaps better described as The Fog Machine of War, for everything presented to the public is some version of Narrative Control, the purpose of which is to establish a context and story that's beneficial to whomever is presenting "facts," "news," "information" and "commentary."

The other motivation for flooding global media with "news," "information" and "commentary" is to maximize profits via serving the insatiable appetite for "what's really going on." What's really going on is of course a closely held state secret, the very last thing that would ever be released to the public.

Since everything is Narrative Control and exploiting crisis for profit, there's little value in any of what's presented to the public other than what it suggests on a meta-level, that is, what isn't being revealed and promoted as "what's really going on."

It seems to me there is only one way to assemble a jigsaw that approaches the goal of discovering "what's really going on." The first step would be to obtain fly on the wall unfiltered intelligence summaries (unfiltered meaning not yet massaged for the political leadership) from the intelligence agencies of the three combatants: Iran, Israel and the United States. This is of course impossible.

The second step would be to obtain the unfiltered intelligence summaries from regional players, for example, Turkey, Saudi Arabia, etc., who have their own sources.

The third step would be to obtain the unfiltered intelligence summaries from Major Power players with a keen interest in figuring out "what's really going on," for example, China, Russia and the European Union intel agencies.

The fourth step would be to survey mid-level officers conducting actual operations. It would also be helpful to have access to those actually conducting post-operation damage assessments.

You discern the meta-thinking here: valuable information tends to get filtered out (or lost) between each level of information gathering, summary and presentation to the next level of the hierarchy.

At the highest level, the military leadership tends to be under pressure to control the narrative of what's presented to the political leadership. This can play out in any number of ways: the military leadership might exaggerate the direness of the situation to obtain permission for a risky operation, or it may gloss over the situation to avoid being sacked.

What strikes me as interesting is how long this situation has been brewing. Iran's nuclear ambitions have been front and center for a great many years, and so intelligence and operational planning have been going on for many years.

In other words, this isn't a flash-bang crisis that suddenly erupted from conditions that were unstable beneath the surface but superficially stable, for example, a coup d'etat in a resource-rich nation few people can locate on a map.

What's unknown for obvious reasons is the capabilities in play. In the aftermath of the intelligence agencies scandals of the 1970s, various tell-all books were published, revealing technical abilities long kept secret.

For example, it was revealed that the U.S. intercepted communications between doomed cosmonauts drifting in a failed Soviet space mission and the tearful Soviet political leadership.

We have no way of knowing if this "tell-all" is true or just another subtle form of Narrative Control. But given that the U.S. spends more on signal intelligence, space-based assets, and other information gathering than other nations spend on their entire militaries, it's plausible.

As for what capabilities are in play today: the public has no idea. We can have fun guessing, but it's all guessing.

Decades of The Fog Machine of War have jaded the public's appetite for Narrative Control. Few believe the "official version" of anything, for good reasons. Public trust has eroded, and so the meta-thought here is the Narrative Control has shifted to insiders' "tell-all" accounts and leaked accounts of "what's really going on."

So the dirt revealed by opponents of the conflict--well, perhaps all that should be taken with a hefty grain of salt, too. The truth--if we dare even using that word--is we collectively know next to nothing about "what's really going on", and so profitably chasing speculation is all that's left.






My recent books:

Disclosure: As an Amazon Associate I earn from qualifying purchases originated via links to Amazon products on this site.

Ultra-Processed Life print $16, (Kindle $7.95, Hardcover $20 (129 pages, 2025) Read the Introduction and first chapter for free (PDF)

The Mythology of Progress, Anti-Progress and a Mythology for the 21st Century print $16, (Kindle $6.95, Hardcover $24 (215 pages, 2024) Read the Introduction and first chapter for free (PDF)

Self-Reliance in the 21st Century print $15, (Kindle $6.95, audiobook $13.08 (96 pages, 2022) Read the first chapter for free (PDF)

When You Can't Go On: Burnout, Reckoning and Renewal $15 print, $6.95 Kindle ebook; audiobook Read the first section for free (PDF)

Global Crisis, National Renewal: A (Revolutionary) Grand Strategy for the United States (Kindle $6.95, print $16, audiobook) Read Chapter One for free (PDF).

A Hacker's Teleology: Sharing the Wealth of Our Shrinking Planet (Kindle $6.95, print $15, audiobook $17.46) Read the first section for free (PDF).

Will You Be Richer or Poorer?: Profit, Power, and AI in a Traumatized World
(Kindle $3.95, print $12, audiobook) Read the first section for free (PDF).

The Adventures of the Consulting Philosopher: The Disappearance of Drake (Novel) $3.95 Kindle, $12 print); read the first chapters for free (PDF)

Money and Work Unchained $6.95 Kindle, $15 print)
Read the first section for free


Become a $3/month patron of my work via patreon.com.

Subscribe to my Substack for free





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Thank you, Michael P. ($70), for your superbly generous subscription to this site -- I am greatly honored by your support and readership.

 

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Wednesday, June 18, 2025

How Housing Bubble #2 Bursts

Corporate / private equity / STVR investors are all fair-weather owners of housing.

Let's indulge in some basic logic:

1. All credit-asset bubbles burst.

2. U.S. housing is a credit-asset bubble.

3. The U.S. housing bubble will burst.

The only variables are how and when Housing Bubble #2 will burst. That's today's topic.

I've been writing about housing since 2005, as Housing Bubble #1 was inflating. I've participated in / observed housing rising sharply in the late 1970s and the late 1980s, followed by deflation / stagnation. Housing Bubble #1--circa 2003-2008--was characterized by all the classic signs of a mania:

1. Participants denied it was a bubble. When greed displaces prudence, this isn't a bubble doomed to pop, it's the New Normal.

2. Fraud, malfeasance, misrepresentation, speculation and leverage were all rampant. In the euphoric ascent to ever higher valuations, why let foolish little things like income, risk management and credit ratings stand in the way of reaping more profits?

Housing Bubble #2 has rolled over into the decline phase, but this is discounted by the consensus which holds that higher mortgage rates dented the market; once they drop a bit, housing will resume its ascent to ever-higher valuations.

I see a different set of dynamics in play:

1. The 40+ year cycle of interest rates / bond yields has turned. Rates will not go back to zero and stay flatlined for years. Risk and inflationary forces have changed and are not returning to The Great Moderation.

2. The Federal Reserve / federal government effectively nationalized the mortgage industry post-2009 Global Financial Meltdown as the means to stop the decline of housing valuations and re-inflate them via super-low mortgage rates. The Fed bought a staggering $1.2 trillion of mortgage-backed securities in 2009-2010, up from zero--a monumental manipulation of the mortgage market that soon exceeded $1.6 trillion.

How the housing/mortgage market managed to survive without Fed nationalization prior to 2009 remains a mystery.

For its part, the federal government effectively nationalized the quasi-governmental mortgage agencies (Fannie Mae, Freddy Mac), using these agencies to guarantee most mortgages in the U.S.

3. The incentive (lower mortgage rates) to commit fraud by claiming to be an owner-occupant rather than an investor has pushed mortgage fraud to levels that Federal Reserve researchers declare "rampant." Owner-Occupancy Fraud and Mortgage Performance (A 46-page PDF report is available on this link.)

The study's authors found that "in most years, fraudulent investors make up roughly one-third of the total pool of investors." Fraud rates in excess of 13% were found in some states states.

The frenzy to buy and convert houses to short-term vacation rentals (STVRs) took off in the post-pandemic "revenge travel" boom. Corporate purchases of houses as rental properties had taken off in the post-2009 era of mass foreclosures, a trend that accelerated as private equity sought new markets to exploit.

Combine corporate / private-equity buyers with small investors flooding into STVRs and the post-pandemic panic-buying frenzy, and it's little wonder that investors--declared and fraudulent, large and small--now own huge swaths of housing in the U.S.:

Investors Bought 26% of the Country's Most Affordable Homes in the Fourth Quarter--the Highest Share on Record

An estimated 26% of Fort Worth's single family homes are owned by companies, city says

(Yes, family trusts and households can own housing as LLCs, but the study linked above paid no attention to the type of ownership; it paid attention to A) if the owners have multiple first liens, and B) whether they moved following the origination of their new purchase mortgage or not.)

4. The risks created by this preponderance of investor ownership are high. The Federal Reserve researchers found that fraudulent investors pose a much higher risk of default than declared investors and real owner-occupants.

As "revenge travel" shrivels up, property taxes and insurance rise and inflation ravages household budgets, STVRs are quickly shifting from income-producing assets to loss-generating liabilities. Investors either sell before they're under-water or the risk of default rises accordingly.

Professionally managed corporate and private-equity owners will start unloading properties as rents sag and vacancies rise. STVR owners who realize the tide has reversed will also rush to sell before the price slide gathers momentum.

Let's look at some charts for context. Here is a chart of total housing units. Confounding the conventional narrative of a "housing shortage," the U.S. added 7.6 million housing units in the five years 2020-2025, a rate far higher than the 8.6 million units added over 10 years 2010-2020.



Here is a chart of owner-occupied housing. Note that the number of owner-occupied homes was flatlined for 12 years--from 2005 to 2016. Then it suddenly leaps up by 10 million in a few years--from 76 million to 86 million. Did 10 million households all win the lottery, or is the bulk of this astounding increase the result of fraudulent investors posing as owner-occupant buyers?



This map shows the extent of investor mortgage -fraud.



This chart of Federal Reserve ownership of mortgage-backed securities (MBS) overlays neatly with each leap higher in valuations. Pump "free money" into the financial system and keep rates at historic lows, and voila, you can inflate a bubble for the ages.



The post-pandemic buying frenzy pushed the cost per square foot of houses listed for sale up 57%.



Unsurprisingly, this bubble pushed housing affordability to record lows.



The Case-Shiller Index offers a long-term view of how far valuations could drop once the bubble bursts. A 40% decline would be the norm, and a 50% drop would be well within the typical range of bubbles bursting.



The Fed's mass manipulation of mortgage rates in 2010 "saved" Bubble #1 from playing out in a free-market manner, but the Fed won't be able to engineer an equivalent "save" this time around, as the mortgage market has already been nationalized and the Fed already owns a stupendous $2.1 trillion of MBS.



Corporate / private equity / STVR investors are all fair-weather owners of housing. Once the profits shrink or reverse into losses, investors push the "sell" button. And since housing is priced on the margins, it only takes a handful of get-me-out sales to push valuations down 10%, then 20%, then 30% and eventually to a bottom between 40% anf 50%.

This vulnerability to the collapse of valuations is the bitter fruit of the Fed's manipulation of rates and mortgages over the past 16 years. We love a "free market" when rapidly expanding credit inflates a bubble, but oh dearie-dearie me, we have to stop the "free market" from operating if it bursts the bubble.

Here's how Housing Bubble #2 bursts: buyers of overvalued, money-losing properties vanish, those who waited too long sink underwater (sales prices are lower than what they paid), marginal investors default, owner-occupants who lose their jobs sell or default, private equity realizes their losses will only increase the longer they hold off selling, and the momentum of sellers far outnumbering buyers cascades.

Greed is replaced by fear, and then by the realization it's too late to exit without losses. This is how bubbles burst.

Of related interest: Paradise Lost (Melody Wright)




My recent books:

Disclosure: As an Amazon Associate I earn from qualifying purchases originated via links to Amazon products on this site.

The Mythology of Progress, Anti-Progress and a Mythology for the 21st Century print $18, (Kindle $8.95, Hardcover $24 (215 pages, 2024) Read the Introduction and first chapter for free (PDF)

Self-Reliance in the 21st Century print $18, (Kindle $8.95, audiobook $13.08 (96 pages, 2022) Read the first chapter for free (PDF)

The Asian Heroine Who Seduced Me (Novel) print $10.95, Kindle $6.95 Read an excerpt for free (PDF)

When You Can't Go On: Burnout, Reckoning and Renewal $18 print, $8.95 Kindle ebook; audiobook Read the first section for free (PDF)

Global Crisis, National Renewal: A (Revolutionary) Grand Strategy for the United States (Kindle $9.95, print $24, audiobook) Read Chapter One for free (PDF).

A Hacker's Teleology: Sharing the Wealth of Our Shrinking Planet (Kindle $8.95, print $20, audiobook $17.46) Read the first section for free (PDF).

Will You Be Richer or Poorer?: Profit, Power, and AI in a Traumatized World
(Kindle $5, print $10, audiobook) Read the first section for free (PDF).

The Adventures of the Consulting Philosopher: The Disappearance of Drake (Novel) $4.95 Kindle, $10.95 print); read the first chapters for free (PDF)

Money and Work Unchained $6.95 Kindle, $15 print)
Read the first section for free


Become a $3/month patron of my work via patreon.com.

Subscribe to my Substack for free





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Monday, June 16, 2025

Good News! AI Can Do More BS Work

A truly intelligent AI would refuse to do such transparently stupid, needless counter-productive BS Work.

So here's the good news about AI: it can now do more BS work, author David Graeber's term for the meaningless churning of bureaucratic "work" that lost its purpose and functionality long ago but is now considered "essential" to the operation of a system in which complexity and self-interest are the masters rather than tools to radically improve efficiency.

If we ask, what real-world tasks now take 90% less time, energy, effort and money to complete, the list boils down to marginal ephemera: now my online search for cute kittens is faster and better than ever! Now AI can conjure a look-alike commercial of cute kittens, a "product" whose novelty value wore off months ago.

Coding BS work got faster and easier, which means the load of BS work demanded can rise accordingly.

If we ask, what real-world tasks now take more time, energy, effort and money to complete, the list is long. Consider the accounting and filing of taxes, an enormous industry of self-serving bureaucracies: politicians need to tweak the tax code to foster the illusion they're serving a constituency they need to get re-elected and their campaign-contribution donors, a vast army of accountants, tax lawyers, etc. need this churn to justify their essential role in the process, and a vast regulatory system of state, local and federal agencies needs the churn to justify their ever-increasing payrolls to codify, publicize, monitor compliance and enforce the constant tweaks in the tax codes.

Adjusted for inflation and calculated as a percentage of GDP, tax receipts are remarkably stable. Tax revenues noodle around in a fairly narrow band, and so what's the systemic value-added proposition in constantly tweaking the tax code? There is none.

The entire exercise is a self-serving theater of the absurd which ultimately boils down to this: we have so much money sloshing around that we can siphon off staggering sums under the pretense of doing "essential work" that is actually unproductive or counter-productive BS work.

I've discussed the catastrophic collapse of efficiency and productivity in building permits and similar gatekeeping functions where activity slows to a glacial pace because stamps of approval must be obtained from a mafioso-type monopoly--a model that's been pursued with great vigor in healthcare, defense, Big Pharma, Big Tech and indeed, Big Everything, because concentrating power and wealth enables monopolies, gatekeeping, self-enriching churn, predatory pricing, diploma / accreditation mills, and all the rest of the sprawling, self-serving BS Work complex.

Billions of dollars are being "invested" (heh) in collecting data about consumers whose disposable income is set to drop to zero as the Everything Bubble bursts. What's the value of all that data when the cash and credit available for households and businesses to blow on fripperies dries up? Zip, zero, nada.

All available income will be spent paying the ever-increasing costs of BS Work. All this BS Work churn is highly inflationary, as we're collectively getting nothing but friction and costs--in effect, digging holes and then filling them back up, with zero gain in productivity, efficiency or quality of life.

What's remarkable is this highly inflationary churn attracts zero attention. This reflects the overwhelming power of self-interest: touche pas au grisbi: don't touch my skim, scam, stash, loot.

The stupidity of a system that spends hundreds of billions of dollars building data centers to do more BS Work because that's what's incentivized by self-interest is comically at odds with its grandiose, self-glorifying claims of artificial intelligence.

A truly intelligent AI would refuse to do such transparently stupid, needless counter-productive BS Work.



Regarding the vast sums of money available to blow on BS Work, to paraphrase Captain Renault's comment to Rick in the classic film Casablanca: "Someday money may be scarce."




My recent books:

Disclosure: As an Amazon Associate I earn from qualifying purchases originated via links to Amazon products on this site.

The Mythology of Progress, Anti-Progress and a Mythology for the 21st Century print $18, (Kindle $8.95, Hardcover $24 (215 pages, 2024) Read the Introduction and first chapter for free (PDF)

Self-Reliance in the 21st Century print $18, (Kindle $8.95, audiobook $13.08 (96 pages, 2022) Read the first chapter for free (PDF)

The Asian Heroine Who Seduced Me (Novel) print $10.95, Kindle $6.95 Read an excerpt for free (PDF)

When You Can't Go On: Burnout, Reckoning and Renewal $18 print, $8.95 Kindle ebook; audiobook Read the first section for free (PDF)

Global Crisis, National Renewal: A (Revolutionary) Grand Strategy for the United States (Kindle $9.95, print $24, audiobook) Read Chapter One for free (PDF).

A Hacker's Teleology: Sharing the Wealth of Our Shrinking Planet (Kindle $8.95, print $20, audiobook $17.46) Read the first section for free (PDF).

Will You Be Richer or Poorer?: Profit, Power, and AI in a Traumatized World
(Kindle $5, print $10, audiobook) Read the first section for free (PDF).

The Adventures of the Consulting Philosopher: The Disappearance of Drake (Novel) $4.95 Kindle, $10.95 print); read the first chapters for free (PDF)

Money and Work Unchained $6.95 Kindle, $15 print)
Read the first section for free


Become a $3/month patron of my work via patreon.com.

Subscribe to my Substack for free





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Friday, June 13, 2025

And So It Begins

The hollowness of the status quo's self-correcting mechanisms is being revealed, and it's discomforting.

And so it begins. Call it whatever you want--how about the Great Unraveling for starters--and perhaps it's appropriate to discuss it on Friday the 13th, as old tales and superstitions are part of the mix.

Let's start with two superstitions that are not yet recognized as superstitions.

1. There are very smart people who will work very hard to keep the status quo glued together. It's unwise to bet against them.

2. Technology is Progress and Progress is inevitable.

These seem valid until the tide turns. As the sand castles erode and collapse, these are revealed as belief structures, not facts. We like to think smart people, technology and Progress will solve all difficulties without causing us any pain. When the tide is receding, this seems to be the case. See, problems are getting resolved, technologies are making life better, and Progress is advancing everywhere.

But beneath this veneer of confidence, buffers have thinned and long-smoldering conflicts are catching fire. Nuclear ambitions, nuclear threats--these never went away, and now the buffers containing them have eroded.

The buffers of financialization and globalization have thinned to the point that crisis management has been normalized. Rather than rebalance a corrupted economy and ship of state when the second of two credit-assets bubbles burst in 2008, the very smart people who work very hard shoved the throttle to maximum and ran the speedboat right over the reef.

Rather than accept the limits of a system geared to increase inequality and waste regardless of PR policy tweaks, to maintain the illusion of stability they gunned the engines of financialization and globalization into hyper-financialization and hyper-globalization.

The reef shredded the hull, but momentum and the mighty engines of cheap oil and money creation kept the doomed craft afloat for 16 long years. The PR machinery duped the passengers into believing this unstable hyper-state of spiraling inequality and squandering resources in the name of "growth" was not just permanent, it was inevitable.

The PR has now reached the pathetic stage of self-parody. The soil we all depend on for food has been depleted, but no worries, a robot will wander over the lifeless fields zapping weeds, so problem solved! The faith that simplistic technologies will painlessly solve complex human and ecological problems was always child-like, but grandiose egos and greed were more than enough to push this childish faith to self-parodying absurdity.

So 19 American families have the same net worth ($2. 6 trillion) as 110 million Americans--no problem, there's an app that resolves that.

Conflicts traverse a familiar landscape. Those dissatisfied with the status quo seek change, and those content with the status quo seek to distract, placate or bribe the discontented without relinquishing any of their power and perquisites.

The greater the concentration of wealth and power in a ruling elite, the greater the opportunities for delusion and catastrophic misjudgment. The concentration of power and wealth have reached extremes throughout the world, and so the stage has been set for miscalculations, clashes of ego, delusional confidences and beliefs and desperate gambles by those who can't afford to lose.

Nobody noticed--or admitted--that the buffers protecting all these forces from breaking out have been thinned by decades of destruction, fraud, corruption, waste, inequality and propaganda that everything was going just fine because it was going just fine for those at the wheel of power and wealth.

The hollowness of the status quo's self-correcting mechanisms is being revealed, and it's discomforting. All is not as it seems, and so it begins. Call it whatever you want, but hyper-normalizing it with fine-sounding cover stories won't repair the shredded hull.








My recent books:

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The Mythology of Progress, Anti-Progress and a Mythology for the 21st Century print $18, (Kindle $8.95, Hardcover $24 (215 pages, 2024) Read the Introduction and first chapter for free (PDF)

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