State of Denial: The Economy No Longer Works As It Did in the Past

of two minds - Charles Hugh Smith

There's no Plan B for a state-corporate form of central-planning capitalism that is no longer functioning.

If there is one reality that is denied or obscured by the Status Quo, it is that the economy no longer works as it did in the past. This is the fundamental economic context of our current slide into political-social disintegration.

The Status Quo narrative is: the policies that worked for the past 70 years are still working today. Boiled down to its Keynesian state-corporate essence, the Status Quo economic narrative is simple:

Cont.....