by Charles Hugh Smith, Of Two Minds:
These disintegrative forces are easy to see but elusive to pin down. Nobody defines themselves as self-serving, greedy and lacking in virtue. Everyone feels trapped in the system.
With the media’s hyperactive three-ring circus blasting 24/7, it’s easy to forget that everything consequential is happening beneath the surface, out of sight and largely out of mind.
What’s going on beneath the surface is structural and systemic–for example, the 4th Industrial Revolution that is transforming the global economy and social order, regardless of political ideologies or our wishes.
Centralization–the “solution” to every problem since 1940–is now the problem. Centralization generates corruption, privilege, rentier skims, institutionalized rackets and pushes one-size-fits all failure down the chain of command.
Fragmentation and the De-Optimization of Centralization (January 2, 2017)
Another “solution”–issuing more costly credentials–has also failed. An over-abundance of credentials pushes wages down, even for the highly educated, while the credential mill of higher education has become a bloated, ineffective cartel that charges outrageous fees for increasingly valueless credentials.
The structural changes in the economy are visible in these charts:
The civilian participation rate is plummeting, despite the “recovery:”
The civilian participation rate for men is in a multi-decade decline:
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