re: Scott Adams on what's wrong with "everything"

quote:

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What he is describing is the reaction by the managerial class to their diminishing legitimacy as described by James Burnham in 1941. It's not "Soros" or "the media." It's all of it. The entire class of managers with their boutique moral code is becoming too incompetent to rule and people are noticing.

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I think that’s part of it.

But the economic system we know is simply not sustainable and is thus very dependent on certain things not just being sustained, but expanded for the ride to continue.

Things like war.
Things like our IC operating in ways Americans don’t like to know or think about to soak up the tsunami of dollars we’ve printed in the last decade.

Anyone not yet willing to internalize that just the interest owed on our existing debt is not supportable within the next decade hasn’t yet processed the realities of what we face in the near term future and that’s assuming BRICS doesn’t abandon the dollar.

Trump could be elected, the swamp drained and regs lifted from industry.

Doesn’t matter. We’ve already borrowed far too much and have far too many unfunded commitments to balance our budget through increasing domestic output.

A reset is coming, it’s a question of what that entails and who is driving the ship when it happens.