The Tragedy that besets the West today consists, on the one hand, of the sheer impossibility for it to continue doing what it has been doing – yet matched only by its impossibility to do anything other. Why is this so? It is because the conditions that gave rise to the golden era that created the ‘Comfort Generation’ no longer are available: Zero interest credit, zero inflation, a colluding media, and cheap energy ‘subsidising’ a shrinking and increasingly sclerotic manufacturing base (at least in Europe).
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