We're Living in a Neofeudal Bubble

Source: Of Two Minds
Published: Sep 9, 2023
Author: Charles Hugh Smith
Post Date: 2023-09-09 01:22:35 by Charles_Byrd
Views: 184

If you listen to conventional economists, everything's rosy: thanks to the expansion of alt-energy like wind and solar, energy is getting cheaper, batteries will power the new global economy, we're getting smarter -- just look at the rising number of advanced college degrees, wages are finally growing, inflation is trending down, household balance sheets and corporate profits are strong, debt loads are not an issue yet and GDP is rising.

All this happy news is backed by statistics, of course, but there's one little problem: all the conventional cheerleaders are living in a bubble of like-minded elites who are insulated from the neofeudal realities of life in the real world.

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