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Never Going Back – Investment Watch

by All News Admin
June 7, 2021
in Investment
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by Charles Hugh-Smith

Folks caught on that the returns on the frenzied hamster wheel of “regular” have been diminishing for many years, however everybody was too busy to note.

The superficial “return to regular” narrative focuses solely on first order results: now that folks can dispense with masks and social distancing, they’re resuming their pre-pandemic spending orgy with a vengeance, which augurs nice earnings for Company America and better tax revenues. Yea for “return to regular.”



This superficial narrative ignores second-order results of the pandemic. Recall that first order results: each motion has a consequence. Second order results: each consequence has its personal consequence. We will additionally consider these as direct (first order) and oblique (second order) results.

The pandemic’s first order impact was to close down the frenzied hamster wheel of American life. The consequence of the pandemic–shutdown–had its personal consequence: individuals had the chance to expertise life outdoors the frenzied hamster wheel, and ask themselves why they tolerated the dead-end purposelessness, demeaning rigidity and life-draining stress of the entire spinning contraption.

For an excellent many individuals and dynamics, the pandemic was a transformative catalyst, and there’s no going again to pre-pandemic “regular.” Many individuals skilled a liberty and expansiveness they’d both by no means skilled or forgot that such issues even existed. This expertise triggered a Metamorphosis, they usually’re by no means going again to pre-pandemic “regular” as a result of “regular” was a nightmarish panorama of exploitation, drudgery, pathology and meaningless servitude.

Contemplate the re-chaining of the digital workforce to the Cubicle Plantation, the place “free” (heh) snacks are imagined to compensate for the dreary Underworld of catatonic-inducing conferences and the remainder of the plantation’s soul-crushing routines.

Many wage-slaves really feel they haven’t any selection however many others have determined they’re by no means going again.

An important lots of the working poor have additionally determined they’re by no means going again, and the time away from their low-paid wage slavery opened up new prospects, from better-paying jobs to versatile gigs to getting by on casual earnings and part-time work.

Although not one of the spending orgy cheerleaders appears to have observed, world tourism caught a doubtlessly deadly illness within the pandemic’s shutdown, as residents found their cities, seashores and neighborhoods have been really stunning and habitable once more as soon as the vacationers all went away.

Whereas all the firms and investor-“hosts” profiteering from overcrowded, ruined cities and islands cheer the return of the hundreds of thousands, the residents are vowing to by no means return. In Venice, the residents don’t need the large cruise ships returning ever once more. In Hawaii, solely 14% of the residents approve of a return to the pre-pandemic crush that was ruining the state.

Freed of the burdens of tourism, individuals are actually asking cui bono, to whose profit? The apologists and PR hacks reply is all the time the $10/hour dead-end jobs, however the residents not purchase the bogus PR, as they understand all of the “advantages” circulation to distant buyers, not residents.

The overwhelming majority of Hawaii residents need far fewer vacationers, and wish these vacationers to pay much more for the privilege of visiting. In addition they need limits on what number of guests are allowed every day into seaside and different parks, they usually need the guests to pay admission and parking charges so locals can go free of charge. (Hawaii’s annual customer rely topped 1 million in 1969, once I was in highschool, and the state was already crowded with vacationers. In 2019, the annual customer rely topped 10.4 million.)

Residents from Barcelona to Maui need investor-owned BnBs in residential neighborhoods banned, as the worldwide investor class has purchased up actual property in “must-see” locales to profiteer off tourism, over-burdening infrastructure, destroying native neighborhoods and pricing locals out of properties.

The spending orgy cheerleaders are selling a fantasy model of a time machine by which we reset the calendar to September 2019 and all the pieces “goes again to regular.” Sorry, cheerleaders: second-order results can’t be reversed and the cultural revolution is nicely beneath method.

Folks caught on that the returns on the frenzied hamster wheel of “regular” have been diminishing for many years, however everybody was too busy to note. All of them attributed their burnout, exhaustion and vacancy to specifics inside their very own lives, however now they’ve woke up to the fact that burnout, exhaustion and vacancy have all the time been systemic, i.e. the consequence of the system because the returns for individuals diminish with each passing day.

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