2022-03-26


Worthy

  • Farmers on the Brink - Doomberg

    after spending the past two weeks traveling across the US Midwest and conferring with our contacts in the agricultural sector, even we are a little spooked by what we’ve learned. In a financial crash, the correlation between all asset classes converges to one. The coming crash in global food supply will be driven by a similar phenomenon across virtually every input into farming – they are all spiking to historic highs simultaneously, supply availability is diminishing across the spectrum, and the time to reverse the worst of the upcoming consequences is rapidly running short.

    We believe we are at the onset of a global famine of historic proportions. In a staggering defiance of logic, many US politicians are still attacking the lifeblood of our own energy production infrastructure, looking to score political points against “the other team,” blaming price-taking producers of global commodities for gouging, threatening producers of energy with windfall profits taxes, resisting calls to remove bureaucratic hurdles to new production, and refusing to open an introductory physics textbook to help guide them through the suite of policy choices that require true leadership to get right. They remain stuck in an endless loop of platitudes, blamestorming, corruption, and ignorance.

  • (Jan) No, the Revolution Isn’t Over - by N.S. Lyons

    At the risk of sounding like one of them conspiracy theorists: who really controls the power centers in the United States? The intelligence agencies; the domestic security services; the military officer corps; the diplomatic service; the regulatory administrative state; the Ministry of Information [sic]; and so on. Are all these run by elected representatives accountable to the people, including an elected president and his appointees, who then set a policy direction which is faithfully executed? It may be worth considering that this is simply not the case. That, instead, these power centers are run by a certain interchangeable class of people who already staff them permanently and run them as they think best and only cooperate if they so please. And who all happen to have went to the same schools (let’s go Hoyas!), and received the same prestigious fellowships from the same foundations, and share overlapping networks, and marry each other, and hang out at the same parties, even though secretly they actually all mostly loathe one another. And who hire each other as they cycle seamlessly between the public and private sectors. And who all consume the same media, and like to send each other the same latest “must-read piece” in The Atlantic, or whatever. And who somehow all use exactly the same identical phraseology when they humble-brag on LinkedIn as when they issue a State Department press release. What if this is the real body-politic?