by Charles Hugh Smith
Of Two Minds
The idea that debt, leverage, speculation, greed, exploitation and parasitic elites can expand exponentially forever is magical thinking.
Contrary to first impressions, I am not a doom-and-gloomer; I’m a systems-cycles-er, meaning I’m interested in where systems and cycles are heading.
Cycles work because we’re still running Wetware 1.0 which entered beta testing around 200,000 years ago and was released, bugs and all, around 50,000 years ago. Since the processes and inputs haven’t changed, neither do the outputs.
Nature is a mix of dynamic, semi-chaotic systems (fractals, etc.) and cyclical patterns which tend to operate within predictable parameters. Why should human nature and human constructs (societies, economies and political realms) be any different?