Three Cheers for the Decline of the Middle Class

CHRIS WRIGHT—How can society ever get to this point? Evidently only through upheavals so painful that it becomes clear there is no other option. Revolutionary change on such a scale happens only by means of unprecedented crisis, which is to say social discontent so extreme that half-measures are cast aside as pitifully inadequate. As long as a large middle class exists to serve as a bulwark of social stability and relatively conservative politics, the requisite crisis will not happen. Society has to polarize between a tiny minority of ultra-rich and a huge majority of unprotected, insecure, ecologically vulnerable, politically desperate people whose violent discontent propels the “revolution” forward.


A Political Primer (leaflet): What’s being hidden in plain view

ERIC SCHECHTER—Regulations can’t make a kinder, gentler guillotine. The problem is not good institutions run badly, but bad institutions, founded on bad principles. We can’t end ecocide, poverty, war, and other problems until we replace our society’s real principles — hierarchy, property, and separateness — with a better Foundation: harmony and consensus. It’s a fool’s errand to try to make the lies of freedom and democracy come true, for those “principles” can’t really work.


What is Venezuela’s Petro? It’s socialism to bitcoin’s rescue

RAMIN MAZAHERI—Venezuela, shut out from the bond market due to immoral American sanctions and international compliance with the blockade, will have a way to raise funds…and thus stop starving. Not quite as important as avoiding starvation – which the ancient Greeks called the cruelest death – Venezuela could potentially wind up with 5% of the world’s supply of Ethereum: that’s not just the best long-term investment currently available, probably, but they would help secure the overall crypto market by becoming one of the most powerful controllers of Ethereum’s price.