We live in a time when just about every national institution is experiencing difficulties or is right out failing. There are many reasons why this is happening, but much of it boils down to two basic forces: dramatic over-reaching and the influence of the Internet. I’ll leave the hubris of our financial sector to Shakespeare, since he made a living out of depicting it well, but the Internet is the opportunity and challenge of our time. There’s little doubt it will redefine what “media” is, and along with that the bits and pieces of a culture which are delivered by a medium.
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Category Archives: Nooze
Journalism and other myths.
More Perfect Union
Two generations ago, the USofA found itself in something like a Baroque Era. There was unprecedented wealth distributed widely through manufacturing jobs, and many families found they could opt for “stay at home mothers” for the first time. In this world of chrome and fins, one thing was clear: outside of the ongoing scare from the Russkies, America was on top of the world.
Spaces Inbetween
There are so many things in the nooze lately that seem terribly important. The election has taken a back seat to financial matters, at least now that the world has caught up to what many of us have seen coming for a year or more. We passed the anniversary of 9/11 without much sign of an end in Iraq or progress in Afghanistan. What is an informed, intelligent person to make of this whirl of current events?
Nothing. Nothing at all.
Real Growth, Real Debt
The upheaval in financial markets has left many Americans stunned. How could this have happened? Even worse, how could this have happened with so few people giving us any kind of warning that it was possible? I certainly did my best to tell everyone, but in the end there’s only so much anyone can do. Now I’d like to explain why I think this happened and why the Five Crises are so tightly related – and what we can guess this will mean in an election year.
Recovery?
It’s been a long week, and as I write this there’s another day left in it. The way big surprises come on weekends, you’d think that Friday will be a day when everyone smart wants to be very sure that their portfolio doesn’t contain anything that could get hit while you sleep. When do we get out of this mess and back to a normal life? When do we have a Recovery?