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So what happens if AI destroys both profits (due to it being “free” and a freely distributed commodity) and jobs?

Now that debt is rising faster than “growth,” and “growth” is dependent on speculative credit-asset bubbles, the collapse of the Keynesian dream looms large. Unbeknownst to economists, the Keynesian bedrock of modern economics–using financial repression and government spending funded by debt to manage the business cycle of growth and recession–is an artifact of a century of expansive cheap energy and virtuous demographics.

Globalization and financialization have fueled the global economy for 40 years. Now they’re in the decline phase of the S-Curve.

Does anyone benefit from a deep, prolonged global recession?

We either make the future or break the future, so choose wisely.

Sometimes the news isn’t breaking, it’s broken.
Breaking/Broken News You Might Have Missed: sometimes the news isn’t breaking, it’s broken: