U.S. Congress Implodes; President Escapes To Hawaii

What a bizarre spectacle of irresponsible brinkmanship! The ultimate House and Senate votes may have narrowly averted immediate fiscal crisis and tax increases, but they do not restore one iota of confidence in the legislative branch of American government.

President Barack Obama, after failing to exert the leadership the American people hoped for, immediately boarded Air Force One to resume a Hawaiian vacation with his family. What can he be thinking?

To put the cherry on top of the whipped cream,   Continue reading

Overproduction & Excess Supply of Everything — Except Food


“My greatest fear is that much of the world could devolve into a dystopian nightmare in which increasing productivity brought on by automation and a global labor arbitrage crashes up against a reality of an overstretched global middle class no longer hungry to spend their every waking hour at the mall or the car dealership. This global goods glut arrives at the very moment that a combination of climate change, population growth and senseless farm policies have led to a potential global food crisis.”

The above quote is from Jon Taplin’s blog. If you’d like to know which way the wind is blowing at this bizarre point in history, you could read Jon Taplin.

Taplin calls the puzzling time in which we live “The Interregnum.”

— John Hayden

News Flash — Jon Taplin Is Back!

New Anarchy vs. New Fascism? — Talk About “Living in interesting times!”

Jon Taplin has returned to his blog. Please read Jon Taplin’s insights into the deepening political and economic crisis. See his posts,  “Why Now?” and  “Brave New World Redux.”  Jon Taplin is the writer who explained the ongoing disconnection and unreality in America and the Western world with his series of essays on the “Interregnum.”

Now, in his two recent essays, prompted by the riots in London, Jon Taplin suggests that a “New Anarchy” may lie ahead for the Western World.  If for every action there is a reaction, I’ll up the ante by suggesting that the New Anarchy may be an attempted revolt against a New Corporate-Fascism.

We may live to see, in the near or medium future, a great struggle between the forces of Anarchy and Fascism.  Some may believe it will be the Apocalypse.  Whether or not you believe in Apocalypse, the struggle will likely feel like an upheaval of apocalyptic proportions.

The following words are Jon Taplin’s; I took the liberty of highlighting some words in bold:

“Whatever political will the country might have had for a WPA style program —putting millions of unemployed construction workers back on the job fixing America’s third world infrastructure—now seems to have evaporated. It was perhaps our last chance to avert the Coming Anarchy. With no government infrastructure programs to put people back to work, the private sector is left  trying to create jobs for the 28 million people who are either officially unemployed, working part time but wanting full time work or “discouraged workers” who have stopped looking for a job. This of course is not going to happen—and so we are all facing the problem of a “new normal”, in which a large portion of the high school only population may never find work. Liberal pundits mourn the loss of good jobs for this cohort, but as Bernard Avishai warned in “Strategy and Business” way back in 1997, “Any job that is still simple and repetitive enough to employ a semi- or non-skilled person is going to be even more pressured by new software or by contractor-suppliers in China and Brazil.”  — from Brave New World Redux

I would have some hope for America if President Barack Obama would appoint Jon Taplin to his inner circle of advisers at the White House. Also needed at the White House, Washington Post business and economy writer Steven Pearlstein. See “Who’s to blame for this mess? Let’s start with the corporate lobby.” on page G1 of the Post, Sunday, Aug. 14, 2011.

— John Hayden