Authored by Charles Hugh Smith via OfTwoMinds blog,
In the present era of decadence, Universal Basic Income (UBI) is the modern equivalent of Bread and Circuses.
The dynamics of decadence are easy to understand: as affluence becomes the norm that is widely assumed to be permanent, shared purpose and sacrifice for the common good is replaced by self-absorbed decadence and an ethos of maximizing personal gain.
In his seminal essay The Fate of Empires, Sir John Glubb listed these core dynamics...
Ten years after Lehman Brothers collapsed, high-octane products like those which led to the destruction of the American banking giant are making a comeback.
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