Tag Archives: collapse

How “Wealthy” Would We Be If We Stopped Borrowing Trillions Every Year?

The widespread presumption is the U.S. is wealthy beyond words, and will remain so as far as the eye can see: wealthy enough to fund trillion-dollar weapons systems, trillion-dollar endless wars, multi-trillion dollar Medicare for all, multi-trillion dollar Universal Basic Income, … Continue reading

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When Long-Brewing Instability Finally Reaches Crisis

The doom-and-gloomers among us who have been predicting the unraveling of an inherently unstable financial system appear to have been disproved by the reflation of yet another credit-asset bubble. But inherently unstable / imbalanced systems can stumble onward for years or … Continue reading

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The Gathering Storm

July 4th is an appropriate day to borrow Winston Churchill’s the gathering storm to describe the existential crisis that will envelope America within the next decade. There is no single cause of the gathering storm; in complex systems, dynamics feed back into one … Continue reading

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How Systems Collapse

I often discuss systems and systemic collapse, and I’ve drawn up a little diagram to illustrate a key dynamic in systemic collapse. The key concepts here are stability and buffers. Though complex systems are never static, but they can be stable: that is, … Continue reading

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Now That the Presidential-Election Side Show Is Finally Ending…

Though it has been billed as the main event for months, the presidential election has always been a side show–or from one point of view, a freak show. As I write this on Monday, I have no idea who will … Continue reading

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