from Kerry Lutz's Financial Survival Network
Charles Hugh Smith joins the program… The “old” Normal was fun, but how fun was it really? The commute was a killer and took its toll on the family. We were all working harder and making less. Time was at a premium and so was spending time with your family. The focus on consumption was all enveloping. We now defend on many other countries for vital resources. Off-shoring had many destructive impacts upon our economy and your health. Unhealthy food is highly profitable. Now we can start eating real food. Local communities are encouraging local food production. Detroit is leading the way of urban healthy food production. The pandemic has shone a light on what was really happening to your health. Sick (health) care has been exposed for what it really is. Big pharma is going to take a hit. Now it’s no longer a matter of you being a captive big-pharma consumer, till death do you part. Same with lousy high-stress jobs. Another contributor to bad health and misery. It’s a net plus for the gig economy and the alternate economy From the 1970’s to the present $50 trillion transferred from labor to capital. Built-in obsolesce could well be coming to an end. Witness Tesla and Apple. Appliances go bad in a few years, where they used to last decades. It’s an erosion of quality and durability. The global supply chain will never go back to normal, and that’s a good thing. Hopefully government regulations will foster in the new normal. Things like battery recycling and resource are the future. Growth doesn’t have to come from waste. What’s next for Charles, a labor backed crypto?
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