This is my weekly news roundup for the week of 7/12/20/ World Covid Cases: 12,925,331 World Covid Deaths: 569,097 (34084 newly dead – 4,869/day – from 4639 last week) : US. Covid Cases: 3,380,429 US Covid Deaths: 137576 (5189 newly dead – 741 deaths per day from 597 last week) This felt like…
Category: Economics
The Biggest Transfer of Wealth in World History Part 1
The stock market crash caused by the pandemic was the largest transfer of wealth in the history of the world. That wealth went exactly the oppossite of how most people (99.99%) should want it. It went directly from the bottom to the top. As I write, Trump and the talking heads on economic television are…
People Seem Pretty Sure We’re Past the Worst of the Pandemic
I’m going to tell you now – what you are seeing is confirmation bias. People are seeing what they want to see, just like I saw that the economy would drop twice as hard as it did (so far). I’m not sure what people are smoking, but it’s definitely some kind of hopium. Unemployment is…
Happy May Day. Workers of the World Unite!
Happy International Workers Day. Today more than ever, the workers of the world need to unite. As billionaires like Jeff Bezos and Elon Musk try to force their workers to return to factories despite the COVID-19 risks (and without additional pay or benefits) and as Donald Trump and Republican governors try to re-open their states…
The most brutal visual of wealth shown to scale
You (and everyone) need to look at this and scroll through the whole thing – it will take you 10-15 minutes, but it may be the best chance to ever understand just how obscene the inequality of wealth really is. https://mkorostoff.github.io/1-pixel-wealth/
The Shit is Really Hitting the Fan!
Wow. The stars are really lining up for massive change. Chaos at the Greek/Turkish border over the ‘catch and release’ of Syrian refugees into Europe from Turkey. Russia and Saudi Arabia getting into a gas price war that is going to screw American oil and shale extraction, North Korea launching something towards South Korea, –…
A Manifesto of Peopolism
A Manifesto of Peopolism [pronounced {pee-ah-pol-ism}] For too long, humanity has boxed themselves into outdated and antiquated -isms that were created to describe different times, different strategies, and different human conditions than those which exist today. The -isms of yesterday are no longer useful – and in some cases have been proven to be deadly…
An Open Letter to America’s Billionaires – Change Humanity’s Future
Dear Billionaires, I’ve done my best to join you, but so far – I haven’t even gotten close. The reason I’ve tried wasn’t because I want to be a rich guy with a big swimming pool and a fancy car collection. Nor is it that I want any of the other trappings of wealth and…
Sociopathism – American Capitalism is a Serious Problem
Lobsters generally don’t know the water around them is getting hotter until it is too late. Look, I admire entrepreneurship. I think that the marketplace of ideas and products is a wonderful thing. I am a firm believer in the idea that if you work hard, make sacrifices, and tread carefully – you should be…
Ok Boomer Merchandise – Plus Not a Racist t-shirt
This lovely chart shows just how easy the boomers really had it. They love to tell you how much they struggled, but actually, they don’t know shit about struggle. We’ve created a selection of ‘OK Boomer’ Merchandise for your enjoyment. Our favorite is probably the ‘Suck It Boomer’ hoodie. There are a few other surprises…