Elite overproduction does not threaten college advantage

Saw this The Lumpenbourgeoisie: The price we pay for elite overproduction. His argument is that elite overproduction means that college grads with useless/unmarketable degrees are increasingly finding themselves unemployed, hence possibly precipitating the long-awaited collapse of the student loan/higher-ed bubble. He writes: But that reality is, on the one hand, more complicated than it appears,… Continue reading Elite overproduction does not threaten college advantage

The booming digital content creator economy

Digital content creators, whether it’s YouTube, Podcasts, Substack, or Twitter, are making record money with ads, product placement, consulting, and subscriptions, and this trend has accelerated after Covid, as individuals and companies find themselves with an abundance of free time, profits, and disposable income. From a 2021 Fortune article, “…last year, YouTube’s ad revenue grew… Continue reading The booming digital content creator economy

Why Trump Will Not Be Arrested

Regarding the Trump situation, my prediction is he will not be arrested, for several reasons: 1. It will set a precedent that neither side wants to embark on. It’s sometimes believed that Clinton’s impeachment was in retaliation for Nixon’s impeachment. And Trump being impeached was in retaliation for that. So this leaves the left open… Continue reading Why Trump Will Not Be Arrested

The Case Against Collapse

Credible sources are still entertaining the possibility of societal or economic collapse of the US. People are obsessed with this topic. Maybe they see collapse as an opportunity to break from the monotony of consumer capitalism, or they are bored, or something to do with ‘bullshit jobs’, which seems to come up in every discussion… Continue reading The Case Against Collapse