Submitted by Charles Hugh-Smith of OfTwoMinds blog,
The road for both global capital and the State is narrowing to a rocky trail that leads to a cliff.
We turn to cycles--business, solar, Kondratieff, etc.--to understand current events. But what if this era is not just a cycle but the terminal phase of Global Capitalism 1.0?
The Wheels of Commerce (Volume 2)
The Perspective of the World (Volume 3)
We need a new model, and a re-hash of the old broken models will no longer do.