You pay little attention to the systems of your body — circulatory, digestive, pulmonary — unless something goes wrong. These automatic systems ordinarily go about their business, like unseen clockwork, while you think about a vexing problem at work, drink your morning cup of coffee, walk up and down stairs, and head out to your… Continue reading The Black Death Undermined Feudalism. What Does COVID-19 Mean for Capitalism?
It is a hallmark of right-wing populists to make a preposterous policy and then be forced — by opposition, by circumstance, by the laws of physics — to retreat. Three very recent examples involve Donald Trump, UK Prime Minister Boris Johnson, and Turkish President Recep Tayyip Erdogan. The backpedaling might look very similar in all… Continue reading The Art of the Back-Pedal
You know the story: the globalists want your guns. They want your democracy. They’re hovering just beyond the horizon in those black helicopters. They control the media and Wall Street. They’ve burrowed into a deep state that stretches like a vast tectonic plate beneath America’s fragile government institutions. They want to replace the United States… Continue reading The New World Order Is Here
The economy, we have been taught, is a cat with considerably more than nine lives. The bottom might drop out of the stock market, but it will rebound — again and again. The Chinese were on top of the world, economically, for a thousand years or more, but then the colonial powers cut the country… Continue reading YOLO Economics
Venezuela is at the mercy of its fluids. For a country that depends on oil for 95 percent of its exports, the prolonged drop in the price of crude has been a serious financial blow. If nothing else, though, Venezuela should be able to use its oil resources to keep the lights on and the… Continue reading A Failed State in Latin America
The market was supposed to save the planet. That, at least, was the argument of many economists grappling with the problem of climate change. As fossil fuels became scarcer, they pointed out, the price of oil and natural gas would go up. And then other options, like solar and wind, would become cheaper, particularly as… Continue reading The Geopolitics of Cheap Oil
In the 2014 World Cup, Germany not only ousted Brazil from the semi-finals. It gave the legendary team a drubbing, 7 goals to 1. For most of the match, Brazil faced a shutout: Only in the last minute did Brazilian striker Oscar manage to put the ball in the net. The staggering loss was all… Continue reading What Happened to Brazil?