Our future?
Our future?

The global situation appears to be evolving along expected lines. No positive black swans have swooped in to save us from ourselves and whisk us out of our predicament. They may yet arrive, but absent them, I can see no good options. There are only least bad ones.

But we have long lived in the least bad options. As Churchill said “democracy is the worst form of government except all the others”. This can be paraphrased as “capitalism is the worst economic system except for all the others we have tried. So a least bad option for the future is not necessarily an unmitigated evil.

Nassim Taleb portrays the future well. It is a distribution of possible outcomes. Only some of which we know. But any future has a range of like futures around it. For some time it has been apparent that a set of trends in the Western world not only could not continue forever, but were reaching their turning point.

Predicting the future is not possible. For stretches of time we may get some main features reasonably right. Before the GFC it was obvious that economically the world was out of balance. That at some point it would back into a new set of consumption and production patterns and relationships. Any such change involves destruction of capital, both of the hard and soft varieties.

Developed countries have gone to extraordinary lengths to avoid the re-balancing. No doubt in part because the re balancing will involve major changes to their economies. Changes which will include bringing their consumption more in line with their level of production. No country can perpetually consume more than it produces. Eventually whoever is paying for their consumption will get tired of doing so. Printing currency just delays the realization of the issue. As with most problems in life, the sooner they are faced and dealt with the better.

For the last few years I have hoped I was wrong. That those more influenced by Keynes were right. That I was wrong that they were turning a nasty recession into a depression. That they were turning a depression into the greatest depression. But alas the trillions transplanted to the Bankers have not kick started the economy. They have in fact thrown the validity of the system into question in the minds of the people.

They have also made it hard for those of us who appreciate what capitalist incentives have done to defend them. Crony capitalism or the capture of the US government by financial sector vested interests is indefensible. The status quo will not stand. The question is how is it changed and in which direction will it go.

There are multiple precedents that socio and political crisis can follow economic ones. When the central authority of the state crumbles due to its manifest injustices and incompetence, very unpleasant things can happen.

While there may have been nothing inevitable about the exact nature of the 1930’s following the 1920’s some aspects were inevitable. Deflating a credit bubble of that magnitude can not be pleasant. Similarly the exact nature of the 1940’s were not inevitable given the 1930’s. But some aspects probably were.

What is inevitable for us given what we have done? Will our populous meekly accept declining living standards and the need to produce more? Will revolutions overturn existing institutions? Will some of our leaders seek to blame others for their failings. Either persecuting segments of their own population and/or waging war on others?

Given the number of countries going through major restructures it is inevitable that some will take a dark and despotic path. As Jefferson said “The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants”.

There is a pattern to history. It may not repeat, but it does rhyme. We are the same creatures through time. We create the similar problems and seek the similar solutions. If we do not learn from history we are indeed doomed to repeat it.

This will not be the first time societies question what form money takes and the role of the banks. It will not be the first time societies have gone from easy money and conspicuous consumption to watching every penny. As Polonius said in Hamlet:

Neither a borrower, nor a lender be : For loan oft loses both itself and friend ; And borrowing dulls the edge of husbandry.1 This above all, — To thine ownself be true ; And it must follow, as the night the day/ Thou canst not then be false to any man. Shakespeare around 1600

Western societies have thrown husbandry out the window in an orgy of debt financed consumption. Our state education system being too busy indoctrinating children to educate them. Leaving society as a whole to learn the lessons of history – one mistake at a time.



102 Comments
  1. 749474 557216The vacation delivers on offer are : believed a selection of some with the most selected and in addition budget-friendly global. Any of these lodgings tend to be really used along units may possibly accented by indicates of pretty shoreline supplying crystal-clear turbulent waters, concurrent with the Ocean. hotels packages 540843

  2. 386407 427368It is difficult to get knowledgeable folks within this subject, nonetheless, you appear to be guess what happens you are dealing with! Thanks 965759

  3. 17341 868094Over and over again I think about these issue. As a matter of fact it was not even yesterday that I last thought about it. To be honest, what is your thought though? 464288

  4. 391980 496607Aw, it was a really excellent post. In thought I would like to devote writing such as this furthermore,?C spending time and specific function to produce a fantastic write-up?- nonetheless so what can I say?- I waste time alot and never at all appear to obtain 1 thing completed. 632659

  5. 998583 130987Which is some inspirational stuff. Never knew that opinions may possibly be this varied. Thank you for all of the enthusiasm to give such valuable data here. 275319

  6. 869192 837068Some truly very good content material on this internet internet site , appreciate it for contribution. 693887

  7. 218225 272494Hi my loved one! I wish to say that this post is amazing, great written and come with almost all important infos. I would like to see more posts like this . 84666

  8. 231639 959749I believe this site has some really great information for everyone : D. 645279

  9. 863199 237191Wonderful support from this weblog! Thanks alot for the data I necessary 135409

  10. If some one wants expert view on the topic of blogging then i recommend him/her
    to pay a quick visit this blog, Keep up the nice work.

  11. 147920 310707Nowhere on the Internet is there this much quality and clear information on this subject. How do I know? I know because Ive searched this topic at length. Thank you. 412093

  12. 869459 112731I undoubtedly didnt comprehend that. Learnt some thing new nowadays! Thanks for that. 769298

  13. 479768 532024Id forever want to be update on new articles on this website, bookmarked ! . 188288

  14. Hey! This post could not be written any better! Reading this post reminds me of my good old room mate! He always kept talking about this. I will forward this write-up to him. Pretty sure he will have a good read. Many thanks for sharing!

  15. Simply wish to say your article is as astonishing. The clearness in your post is simply cool and i can assume you are an expert on this subject. Fine with your permission allow me to grab your feed to keep up to date with forthcoming post. Thanks a million and please carry on the gratifying work.

  16. Its like you read my mind! You seem to know so much about
    this, like you wrote the book in it or something.
    I think that you can do with some pics to drive the message home
    a bit, but other than that, this is magnificent blog.
    A fantastic read. I will definitely be back.

  17. Unquestionably believe that which you said. Your favorite justification appeared to be on the web the easiest thing to be aware of. I say to you, I definitely get annoyed while people consider worries that they plainly do not know about. You managed to hit the nail upon the top and defined out the whole thing without having side-effects , people could take a signal. Will likely be back to get more. Thanks

  18. Heya i’m for the primary time here. I found this board and I find It really helpful & it helped me out much. I’m hoping to provide something again and aid others like you helped me.

  19. I used to be more than happy to find this web-site.I wanted to thanks for your time for this excellent learn!! I positively enjoying each little little bit of it and I’ve you bookmarked to take a look at new stuff you weblog post.

  20. Great web site. A lot of useful info here. I am sending it to a few friends ans also sharing in delicious. And naturally, thanks for your effort!

  21. Hello there, You have performed an excellent job. I’ll certainly digg it and in my view recommend to my friends. I am sure they will be benefited from this web site.

  22. Spot on with this write-up, I truly assume this web site wants rather more consideration. I’ll in all probability be again to learn way more, thanks for that info.

  23. I loved as much as you’ll receive carried out right here. The sketch is tasteful, your authored subject matter stylish. nonetheless, you command get got an nervousness over that you wish be delivering the following. unwell unquestionably come further formerly again as exactly the same nearly very often inside case you shield this hike.

  24. 545610 172242It can be tough to write about this topic. I think you did an excellent job though! Thanks for this! 336581

  25. Thanks for the sensible critique. Me & my neighbor were just preparing to do some research about this. We got a grab a book from our area library but I think I learned more from this post. I am very glad to see such magnificent info being shared freely out there.

  26. A person essentially help to make seriously articles I would state. That is the very first time I frequented your website page and up to now? I surprised with the research you made to create this particular put up amazing. Fantastic task!

  27. 198983 931776I truly enjoyed reading this website, this is fantastic blog. 821940

  28. 148618 322607I always was interested in this topic and nonetheless am, regards for posting . 963800

  29. 391221 716745Hosting a blog composing facility (in a broad sense) requires unlimited space. So I suggest you to discover such web hosting (internet space provider) that offer flexibility inside your internet space. 318321

  30. 750856 561449 You made some decent points there. I looked on the internet for the issue and found most individuals will go along with with your website. 139683

  31. 600341 627550An interesting discussion is price comment. I think that you must write extra on this topic, it might not be a taboo subject but usually individuals are not enough to talk on such topics. To the next. Cheers 162145

  32. 489063 487746Its superb as your other posts : D, regards for posting . 909353

  33. 301898 776817I just want to tell you that Im extremely new to weblog and honestly liked this web website. Much more than likely Im planning to bookmark your blog post . You definitely come with exceptional articles and reviews. Bless you for sharing your web website. 500082

  34. 81014 574763Thank you for your amazing post! It has long been really valuable. I hope which you will proceed sharing your wisdom with us. 827958

  35. 433632 517952Good V I should definitely pronounce, impressed with your site. I had no trouble navigating through all the tabs as well as related information ended up being truly easy to do to access. I recently found what I hoped for before you know it in the least. 694539

  36. 229688 802445Spot on with this write-up, I truly think this website needs much more consideration. Ill probably be again to read much more, thanks for that info. 965900

  37. 59510 254266Generally I do not read article on blogs, however I wish to say that this write-up very forced me to check out and do so! Your writing taste has been amazed me. Thanks, very great post. 711464

  38. A powerful share, I just given this onto a colleague who was doing a bit of analysis on this. And he in fact purchased me breakfast as a result of I discovered it for him.. smile. So let me reword that: Thnx for the treat! However yeah Thnkx for spending the time to discuss this, I really feel strongly about it and love reading more on this topic. If doable, as you change into experience, would you thoughts updating your weblog with more details? It is extremely helpful for me. Large thumb up for this blog post!

  39. I absolutely love your website.. Very nice colors & theme.

    Did you develop this web site yourself? Please reply back
    as I’m wanting to create my very own blog and would
    like to know where you got this from or just what the theme
    is called. Appreciate it!

  40. Hey there I am so delighted I found your website, I really found you by accident, while I was browsing on Aol for something else, Nonetheless I am here now and would just like to say cheers for a fantastic post and a all round enjoyable blog (I also love the theme/design), I donít have time to look over it all at the minute but I have bookmarked it and also added in your RSS feeds, so when I have time I will be back to read much more, Please do keep up the great job.

  41. Good – I should definitely pronounce, impressed with your website. I had no trouble navigating through all tabs and related information ended up being truly simple to do to access. I recently found what I hoped for before you know it at all. Reasonably unusual. Is likely to appreciate it for those who add forums or something, site theme . a tones way for your client to communicate. Nice task..

  42. 898106 86140Constructive criticism is usually looked upon as becoming politically incorrect. 310198

  43. Nice blog! Is your theme custom made or did you download it from somewhere? A design like yours with a few simple tweeks would really make my blog stand out. Please let me know where you got your theme. Cheers

  44. We’re a gaggle of volunteers and opening a brand new scheme in our community.
    Your site provided us with valuable information to work on. You’ve performed an impressive task and our whole group will probably be thankful to you. http://m.engl.Uch.e.n.2@waha-iq.com/?option=com_k2&view=itemlist&task=user&id=946113

  45. I used to be able to find good information from your content.

  46. Ich entschuldige mich, aber meiner Meinung nach sind Sie nicht recht. Geben Sie wir werden es besprechen.
    [url=https://twitter.com/afanasevavivia1]spunkyel[/url]

  47. Once I initially commented I clicked the -Notify me when new feedback are added- checkbox and now each time a comment is added I get four emails with the same comment. Is there any manner you can remove me from that service? Thanks!

  48. I could not resist commenting. Very well written!

  49. Want to read more from you admin. x front teacher sg great fun

  50. Very interesting article posted here. Great fun . X back teacher more info – website please visit

  51. Your blog is wonderful. x front teacher sg great fun

  52. Really when someone doesn’t be aware of after that its up to other users that they will help, so here it happens.

  53. Hurrah, that’s what I was looking for, what a stuff!
    existing here at this blog, thanks admin of this site.

  54. Hey there! I just wanted to ask if you ever have any trouble
    with hackers? My last blog (wordpress) was hacked
    and I ended up losing several weeks of hard work due to no data backup.
    Do you have any methods to protect against hackers?

  55. It’s really a cool and helpful piece of info.
    I am happy that you shared this helpful info with us. Please stay us up to date
    like this. Thanks for sharing.

  56. I was suggested this blog by my cousin. I am not
    sure whether this post is written by him as nobody else know such detailed about my difficulty.
    You’re incredible! Thanks!

  57. great post, very informative. I wonder why the other experts of this sector don’t understand this.
    You should proceed your writing. I’m confident, you have a huge
    readers’ base already!

  58. It’s hard to find experienced people on this topic, however, you sound
    like you know what you’re talking about!
    Thanks

  59. Hello, I enjoy reading through your article post.
    I like to write a little comment to support you.

  60. Hey there! I’m at work browsing your blog from my new apple iphone!
    Just wanted to say I love reading your blog and look forward to
    all your posts! Carry on the superb work!

  61. Howdy, I do think your web site might be having internet browser compatibility issues.
    Whenever I look at your blog in Safari, it looks fine however when opening in I.E.,
    it has some overlapping issues. I simply wanted to provide you with a quick
    heads up! Apart from that, fantastic blog!

  62. wonderful publish, very informative. I’m wondering
    why the opposite specialists of this sector do not notice this.
    You should proceed your writing. I’m confident, you’ve a great readers’ base already!

  63. Admiring the time and energy you put into your blog and detailed information you provide.
    It’s awesome to come across a blog every once in a while that isn’t the
    same old rehashed information. Wonderful
    read! I’ve bookmarked your site and I’m including your RSS feeds to my
    Google account.

  64. Wow, this piece of writing is fastidious, my younger sister is analyzing these things,
    thus I am going to let know her.

  65. I am sure this post has touched all the internet viewers, its really
    really pleasant article on building up new blog.

  66. As the admin of this site is working, no doubt
    very rapidly it will be renowned, due to its feature contents.

  67. This article is genuinely a good one it helps new web viewers, who are
    wishing in favor of blogging.

  68. I used to be able to find good info from your blog posts.

  69. I really like it when folks come together and share ideas.
    Great website, stick with it!

  70. An impressive share! I’ve just forwarded this onto a co-worker who was conducting a little research on this.
    And he in fact ordered me dinner simply because I stumbled upon it for him…
    lol. So let me reword this…. Thanks for the meal!! But yeah, thanks for spending
    some time to talk about this issue here on your internet site.

  71. After looking into a number of the blog articles on your website, I truly like your way of blogging.

    I book-marked it to my bookmark website list and will be checking back in the near future.

    Take a look at my web site as well and tell me how you
    feel.

  72. Keep on writing, great job!

  73. Hello! I know this is kind of off topic but I was wondering if you
    knew where I could find a captcha plugin for my comment form?

    I’m using the same blog platform as yours and I’m having difficulty
    finding one? Thanks a lot!

  74. Hurrah, that’s what I was looking for, what a data!
    present here at this webpage, thanks admin of this website.

  75. It’s remarkable in favor of me to have a web site, which is
    good in favor of my knowledge. thanks admin

  76. Hello colleagues, its wonderful paragraph on the topic of teachingand
    completely explained, keep it up all the time.

  77. Hi I am so excited I found your blog page, I really found you
    by error, while I was searching on Google for something else,
    Nonetheless I am here now and would just like to say thank you for a remarkable post
    and a all round thrilling blog (I also love the
    theme/design), I don’t have time to browse it all at the moment but I have bookmarked it and also included your RSS feeds,
    so when I have time I will be back to read more, Please do keep up the awesome job.

  78. Amazing! This blog looks exactly like my old one! It’s on a completely different
    subject but it has pretty much the same layout and design.
    Excellent choice of colors!

  79. Its such as you learn my thoughts! You seem to grasp so much approximately this, such
    as you wrote the ebook in it or something. I feel that you
    can do with a few percent to pressure the message home a bit, however
    instead of that, that is great blog. An excellent read.
    I will definitely be back.

  80. I’m pretty pleased to uncover this website.
    I wanted to thank you for your time just for this wonderful read!!
    I definitely savored every part of it and i also have you book marked to see new information in your site.

  81. I don’t comment, but after looking at a great
    deal of responses on this page Our future? | LOVE FREEDOM TRUTH.
    I do have a few questions for you if it’s allright.
    Is it simply me or does it look as if like a few of these remarks appear
    like they are coming from brain dead people? 😛 And, if you are posting at additional online sites, I would like to follow you.
    Would you make a list of all of all your social networking pages like your twitter
    feed, Facebook page or linkedin profile?

  82. Hello There. I found your blog using msn. This is an extremely well written article.
    I will make sure to bookmark it and return to read more of your useful
    info. Thanks for the post. I’ll definitely comeback.

  83. If some one desires expert view on the topic of
    blogging afterward i propose him/her to pay a quick visit this website, Keep up the good work.

  84. I don’t even know the way I finished up right here, however
    I thought this put up used to be good. I don’t recognize who you are but certainly you’re going to a famous blogger in the event you
    aren’t already. Cheers!

  85. Good day! This is my first comment here so I just wanted to give a
    quick shout out and tell you I truly enjoy reading through
    your posts. Can you suggest any other blogs/websites/forums that deal with
    the same subjects? Thanks!

  86. It’s in fact very difficult in this full of activity life to
    listen news on Television, therefore I just use world wide web for
    that reason, and take the most up-to-date news.

  87. Hiya! Quick question that’s totally off topic. Do you know how
    to make your site mobile friendly? My web site looks weird when browsing from my iphone
    4. I’m trying to find a theme or plugin that might be able to correct this issue.
    If you have any suggestions, please share. Cheers!

  88. Hi there! Do you use Twitter? I’d like to follow you if that
    would be ok. I’m undoubtedly enjoying your blog and look forward to new posts.

  89. I almost never leave a response, however i did a few searching and wound up here Our future?
    | LOVE FREEDOM TRUTH. And I actually do have some questions for you if it’s allright.
    Could it be simply me or does it look as if like some of the remarks look as if they are left by brain dead people?
    😛 And, if you are posting at other online social sites, I would like to keep
    up with anything fresh you have to post. Could you list of the complete
    urls of all your community pages like your linkedin profile, Facebook page or twitter feed?

  90. Hello, i feel that i noticed you visited my web site so
    i got here to go back the desire?.I am attempting to find issues to improve my website!I assume its good enough to use some of your ideas!!

  91. Youre so cool! I dont suppose Ive learn anything like this before. So good to seek out somebody with some original thoughts on this subject. realy thank you for beginning this up. this web site is one thing that is wanted on the internet, someone with just a little originality. useful job for bringing something new to the web!

  92. Inspiring quest there. What occurred after? Thanks!

  93. Want to read more from you admin. x front teacher sg great fun

  94. Hi, its nice paragraph about media print, we all understand media is a fantastic source
    of data.

  95. You’ve made some good points there. I looked
    on the web for additional information about the issue and
    found most people will go along with your views on this site.

  96. hey there and thank you for your information – I have
    certainly picked up something new from right here.

    I did however expertise some technical points using this
    site, since I experienced to reload the web site many times previous to I could
    get it to load properly. I had been wondering if your web hosting is OK?
    Not that I’m complaining, but sluggish loading instances times will sometimes affect your placement in google and could damage your high-quality score if advertising and
    marketing with Adwords. Anyway I’m adding this RSS to my email and can look out for a lot more
    of your respective intriguing content. Make sure you update
    this again soon.

  97. I just like the helpful information you supply in your articles. I will bookmark your weblog and take a look at once more here frequently. I’m fairly certain I will be informed plenty of new stuff right right here! Good luck for the following!

  98. Hey, I think your blog might be having browser compatibility issues. When I look at your blog site in Opera, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, very good blog!

  99. I found your weblog web page on google and check a few of one’s early posts. Continue to keep up the very very good operate. I just further up your RSS feed to my MSN News Reader. Seeking forward to reading far more from you later on!

  100. I was suggested this web site by my cousin. I’m not sure whether this post is written by him as no one else know such detailed about my problem. You’re wonderful! Thanks!

  101. I wish to get across my affection for your kind-heartedness giving support to people who really want guidance on that subject matter. Your very own commitment to passing the message all over became astonishingly significant and have without exception made guys like me to attain their endeavors. Your personal interesting hints and tips signifies a lot to me and much more to my office colleagues. Regards; from each one of us.

  102. Nice blog here! Also your web site loads up very fast! What host are you using? Can I get your affiliate link to your host? I wish my site loaded up as quickly as yours lol