What Orwell and Huxley Got Wrong and Kafka Got Right
By Charles Hugh Smith What Kafka got right is how societies can become busily dysfunctional. For self-evident reasons, the fictional visions of Orwell and Huxley…
By Charles Hugh Smith What Kafka got right is how societies can become busily dysfunctional. For self-evident reasons, the fictional visions of Orwell and Huxley…
By Charles Hugh Smith The financial analysts gloating over the prospect of higher corporate profits resulting from firing workers overlook the collapse of customer satisfaction,…
By Charles Hugh Smith Politicians and corporate managers have an enviable record of self-enrichment but very little to show in terms of putting the long-term…
By Charles Hugh Smith Speculation has its own expiration dynamics, and they don’t depend on us recognizing speculative excess for what it is. They will…
By Charles Hugh Smith This is not to suggest living/working overseas is a panacea or easy–it isn’t. There is an inescapable irony in The American…
By Charles Hugh Smith What’s no longer affordable is eventually jettisoned, including high-rent homes and apartments. Recency bias can stretch back 40 years. It’s been…
By Charles Hugh Smith Can an economy in which 10% of the households qualify as middle class claim to offer widespread opportunities for secure prosperity?…
By Charles Hugh Smith As in the Gulag it replicates, the innocent are swept up with the guilty in a disconcertingly unjust ratio. The human…
By Charles Hugh Smith Maybe the question isn’t just “how much do you spend on food,” but “what value are you getting for what you…
By Charles Hugh Smith If things unravel, these risk-reduction strategies quickly shift from “nice to have” to “essential.” But by then, it will be too…
By Charles Hugh Smith Something has been going very wrong in the US economy for a very long time, and whatever is going wrong accelerated…
By Charles Hugh Smith Does anyone really believe that the renunciation of massive, sustained stimulus of speculation in housing would leave housing valuations unchanged because…
By Charles Hugh Smith Editor’s Note: This article is satire … possibly. In stock market news, toilet paper manufacturers continued rallying while tech and luxury-brand…
By Charles Hugh Smith This is how bubbles collapse: the “vital few” 4% sell at whatever the market will bear, pushing prices down, and the…