Monday , December 23 2024
Home / Mike Norman Economics / You Know In Your Heart That the Day of Real Resistance Is Coming — Yves Smith

You Know In Your Heart That the Day of Real Resistance Is Coming — Yves Smith

Summary:
Comparison of today's resistance with the countercultural revolution and anti-war protests of the Sixties. Those began in 1964 with the Free Speech Movement at the University of California, Berkeley. They lasted over a decade, and included the civil rights movement as well.  On this analogy we are at the beginning of a decade long resistance that could transform the country in many ways. However, the resistance of the Sixties did not result in systemic change, and Ronald Reagan was elected president, beginning another conservative era, this time a neoliberal one. As you may have noticed, I am not posting on US partisan politics in this election cycle. I don't consider this issue partisan. It is a socio-economic phenomenon akin to a "spiritual awakening" that portends to affect the

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Lars Pålsson Syll writes Andreas Cervenka och den svenska bostadsbubblan

Mike Norman writes Trade deficit

Merijn T. Knibbe writes Christmas thoughts about counting the dead in zones of armed conflict.

Lars Pålsson Syll writes Debunking the balanced budget superstition


Comparison of today's resistance with the countercultural revolution and anti-war protests of the Sixties. Those began in 1964 with the Free Speech Movement at the University of California, Berkeley. They lasted over a decade, and included the civil rights movement as well.

 On this analogy we are at the beginning of a decade long resistance that could transform the country in many ways. However, the resistance of the Sixties did not result in systemic change, and Ronald Reagan was elected president, beginning another conservative era, this time a neoliberal one.

As you may have noticed, I am not posting on US partisan politics in this election cycle. I don't consider this issue partisan. It is a socio-economic phenomenon akin to a "spiritual awakening" that portends to affect the entire culture and influence just about all American life. Especially interesting is the demographic shift that the US has begun to go through that is bound up in this dynamic and foundational to it.

In the historical dialectic that is unfolding, the old system, the old guard, and the existing cultural worldview are all being challenged by a demographic force that promised to engulf the status quo and usher in a new era. This is intensified by the dichotomy between those that grew up in an analog world and those that are growing up in a digital world. 

The historical dialectic is grounded in conflict. The conflict here is different factions living in different world based on the lens of life experience and its interpretation though ideology.

Naked Capitalism
You Know In Your Heart That the Day of Real Resistance Is Coming
Yves Smith

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *