"One of the reasons I think we haven’t seen more strikes already — given that the labour share of the national pie has been declining in most G20 countries since the 1980s — is that asset prices have risen considerably in that time, offsetting stagnant wages for some" (emphasis some)

"An asset price collapse and a lasting period of low returns would bring a looming pensions crisis to the top of the political agenda. That would, in turn, force us finally to reckon with an economic model that has put the interests of capital before workers for far too long.
.. we are due for a swing away from a financially orientated economy to one driven more by income growth."

In our games, when we fight Russia and China,” “blue [the color traditionally representing the US in the games] gets its ass handed to it.” This is because the massive increase in military spending has transformed China’s military. China’s military power in the region is such that within the next 5-10 years Beijing may feel confident it could win in a regional conflict with the US. While its military buildup makes a tactical victory possible, in the larger strategic sense China faces an unprecedented demographic cliff, the country is dependent on trade with the rest of the world, and geography has left the country boxed in.

What Trump is alleged to have done is not a garden variety crime; it’s worse. It involved misusing $250 million in aid appropriated by Congress for his benefit—the kind of gross misconduct that easily clears the bar of high crimes and misdemeanors set by the Constitution when impeaching a president. Which means the best way to hold Trump accountable for that misconduct isn’t a criminal trial; it’s for Congress to impeach him.

Pursuing criminal cases that won’t stand legal scrutiny, or arguing that Trump has violated a criminal statute, risks undermining that goal.

Labeling Trump’s alleged conduct as “bribery” or “extortion” cheapens what is alleged to have occurred and does not capture what makes it wrongful. It’s not a crime—it’s a breach of the president’s duty to not use the powers of the presidency to benefit himself. And he invited a foreign nation to influence the 2020 presidential election on the heels of a nearly three-year investigation that proved Russia had tried to influence the 2016 presidential election.

No one should expect law enforcement to act if our elected representatives are unwilling to do so.

No social security net, no family security and a pensions crisis will evolve into a humanitarian catastrophe. In the future, the economic gap between elderly China and middle-aged US will again widen. From this, we can say that the US economy will not be overtaken by China but, rather, by India. China’s economic vitality will continue to decline, which will have a disastrous impact on the global economy.

We are at the beginning of a mass extinction and all you can talk about is money and fairy tales of endless economic growth. How dare you!”

FT announces need for new corporate agenda: "the model has come under strain, particularly the focus on maximising profits and shareholder value... without change, the prescription risks being far more painful"