An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
We’re talking about how what appears to be a monetary problem, what appears to be a financial problem, is actually the fact that the world is breaking into two different economic systems, finance capitalism in the United States and industrial capitalism evolving into industrial socialism in Eurasia.
Like Paul Krugman, Michael Hudson wants very much to believe in a fairy tale.
“ Apocalypticism is the religious belief that the end of the world is imminent, even within one's own lifetime.[1] This belief is usually accompanied by the idea that civilization will soon come to a tumultuous end due to some sort of catastrophic global event.”
It’s everywhere… here with sudden economic collapse…. Christendumb with their whole “end times!” BS… all the climate nutters, etc…
It’s endemic imo form of mental illness in humans… form of coping mechanism of depression or something…
Well, Pepe Escobar doesn't have apocalypticism. He has triumphalism. The belief that an apocalypse will befall the USA, and perhaps its allies - and the rest of the world will flourish.
He probably doesn’t fit in with the mainstream beliefs so it’s comforting for him to think what he disagrees with is going to experience some type of apocalypse…
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We’re talking about how what appears to be a monetary problem, what appears to be a financial problem, is actually the fact that the world is breaking into two different economic systems, finance capitalism in the United States and industrial capitalism evolving into industrial socialism in Eurasia.
Like Paul Krugman, Michael Hudson wants very much to believe in a fairy tale.
Other than that, a well-deserved dressing down of PK/NYT.
Jeez he really takes Krugman to the woodshed…
But here: “ The headline is, “What’s Driving Dollar Doomsaying?”
That is just a form of this:
https://en.wikipedia.org/wiki/Apocalypticism#:~:text=Apocalypticism%20is%20the%20religious%20belief,sort%20of%20catastrophic%20global%20event.
“ Apocalypticism is the religious belief that the end of the world is imminent, even within one's own lifetime.[1] This belief is usually accompanied by the idea that civilization will soon come to a tumultuous end due to some sort of catastrophic global event.”
It’s everywhere… here with sudden economic collapse…. Christendumb with their whole “end times!” BS… all the climate nutters, etc…
It’s endemic imo form of mental illness in humans… form of coping mechanism of depression or something…
Well, Pepe Escobar doesn't have apocalypticism. He has triumphalism. The belief that an apocalypse will befall the USA, and perhaps its allies - and the rest of the world will flourish.
Put a triumphalist in charge of nuclear weapons and an apocalypse could be the result.
He probably doesn’t fit in with the mainstream beliefs so it’s comforting for him to think what he disagrees with is going to experience some type of apocalypse…
See here:
https://www.researchgate.net/publication/319276824_Eco-Apocalypse_Environmentalism_Political_Alienation_and_Therapeutic_Agency
“Political alienation”….
Whenever you see “apocalypse!” the person is suffering some type of alienation…. Political… religious… etc…
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