One of the dirty little secrets of the stock market rally is that the rising corporate profits that powered it are largely… — Charles Hugh Smith Copy Share Image
So now that the illusion of infinite growth is being exposed, the corresponding ballooning entitlements that enticed the larger public to become complicit in… — Charles Hugh Smith Copy Share Image
The notion that better engineering can solve all our problems is rooted in an ignorance of non-linear systems and selective/wishful thinking. — Charles Hugh Smith Copy Share Image
One of the dirty little secrets of the stock market rally is that the rising corporate profits that powered it are largely phantom profits.… — Charles Hugh Smith Copy Share Image
The problems of the global economy are not based in perception, but in the reality of prices, balance sheets and income statements, vast concentrations… — Charles Hugh Smith Copy Share Image
Once a citizen receives a direct payment from the state, the state has purchased their complicity — Charles Hugh Smith Copy Share Image
Humans are wired to feel uncomfortable with uncertainty and contingency, and so we gravitate to a position after a short time even if we… — Charles Hugh Smith Copy Share Image
Would we as a nation be better off dealing with the truth rather than believing fantasies that prop up the Status Quo and the… — Charles Hugh Smith Copy Share Image
The human mind has a superglue-like quality: Once a viewpoint has been plucked from the swirling chaos of beliefs and explanations, then the mind… — Charles Hugh Smith Copy Share Image
“In this networked world, specialization is no longer a competitive advantage; the competitive advantage goes to those whose work cannot be commoditized or traded.” — Charles Hugh Smith Copy Share Image
“Lazlo Bock, senior vice president of people operations at Google, made the following comments in an interview published by the New York Times in… — Charles Hugh Smith Copy Share Image
“It is a central thesis of this book that centralization has reached diminishing returns and is no longer yielding any benefit. Instead, it has… — Charles Hugh Smith Copy Share Image
