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" Fearless commentary on finance, economics, politics and power Follow yvessmith on Twitter Feedburner RSS Feed RSS Feed for Comments Subscribe via Email SUBSCRIBE Recent Items Links 3/11/17 - 03/11/2017 - Yves Smith Deutsche Bank Tries to Stay Alive - 03/11/2017 - Yves Smith John Helmer: Australian Government Trips Up Ukrainian Court Claim of MH17 as Terrorism - 03/11/2017 - Yves Smith 2:00PM Water Cooler 3/10/2017 - 03/10/2017 - Lambert Strether Why a 400-Year Program of Modernist Thinking is Exploding - 03/10/2017 - Yves Smith Links 3/10/17 - 03/10/2017 - Yves Smith Why It Will Take a Lot More Than a Smartphone to Get the Sharing Economy Started - 03/10/2017 - Yves Smith CalPERS' General Counsel Railroads Board on Fiduciary Counsel Selection - 03/10/2017 - Yves Smith Another Somalian Famine - 03/10/2017 - Yves Smith Trade now with TradeStation - Highest rated for frequent traders Why a 400-Year Program of Modernist Thinking is Exploding Posted on March 10, 2017 by Yves Smith By Lynn Parramore, Senior Research Analyst at the Institute for New Economic Thinking. Originally published at the Institute for New Economic Thinking website Across the globe, a collective freak-out spanning the whole political system is picking up steam with every new "surprise" election, rush of tormented souls across borders, and tweet from the star of America's great unreality show, Donald Trump. But what exactly is the force that seems to be pushing us towards Armageddon? Is it capitalism gone wild? Globalization? Political corruption? Techno-nightmares? Rajani Kanth, a political economist, social thinker, and poet, goes beyond any of these explanations for the answer. In his view, what's throwing most of us off kilter - whether we think of ourselves as on the left or right, capitalist or socialist -was birthed 400 years ago during the period of the Enlightenment. It's a set of assumptions, a particular way of looking at the world that pushed out previous modes o

"I will tell you without ceremony what the future actually holds for the inhabited terrain of North America. The big cities will have to contract severely and the process will be fraught and disorderly. The action will move to the small cities and small towns, especially the places that have a meaningful relationship with farming, food production, and the continent's inland waterways. The suburbs have three destinies, none of them mutually exclusive: slums, salvage, and ruins. The future has mandates of its own. If we want to remain civilized, we will be compelled to return to a landscape composed of relationships between town and country, at a scale that comports with the resource realities of the future. These days the failure of American imagination, especially at the university level, is epic."

The massive blast of Siberia-like cold that is wreaking havoc across North America is proving that if we humans want to keep surviving frigid winters, we are going to have to keep burning natural gas - and lots of it - for decades to come.

Many books have been written about our cosmic origins: the creation of the universe 13.8 billion years ago; the Big Bang and all that followed. The denouement, presumably tens of billions of years away, remains comparatively mysterious. How does it all end? For that matter, does it all end, or can we keep on in our merry way indefinitely? In "The End of Everything: (Astrophysically Speaking)," Mack, a theoretical cosmologist at North Carolina State University, attempts to answer what might seem the most remote of scientific questions.

The New Siberian Islands were the birthplace of the MOSAiC floe: the sea ice in which the research vessel Polarstern is now drifting through the Arctic was formed off the coast of the archipelago, which separates the East Siberian Sea and the Laptev Sea to the north of Siberia, in December 2018. Sediments, and even small pebbles and bivalves, were incorporated into the ice during the freezing process, which the ongoing melting process has brought to light on the surface of the MOSAiC floe. This is an increasingly rare phenomenon as today, most "dirty ice" melts before it even arrives in the Central Arctic. These are among the main findings of a study that MOSAiC experts have published now in the journal The Cryosphere, and which will provide the basis for numerous upcoming scientific assessments.

Similar levels of income inequality may coexist with completely different distributions of capital and labor incomes. This column introduces a new measure of compositional inequality, allowing the authors to distinguish between different capitalist societies. The analysis suggests that Latin America and India are rigid 'class-based' societies, whereas in most of Western European and North American economies (as well as in Japan and China), the split between capitalists and workers is less sharp and inequality is moderate or low. Nordic countries are 'class-based' yet fairly equal. Taiwan and Slovakia are closest to classless and low inequality societies.