“How Does It All End?”
Sep 24, 2018 15:15:20 #
“How Does It All End?”
“How Does It All End?"
by Bill Bonner
"Life can only be understood backwards; but it must be lived forwards."
- Soren Kierkegaard
“‘How does this all end?’ It’s a regular subject for guesswork here at the Diary. Of course, to see what’s coming, you have to look back on what’s come before.
Fantastic vision: In 1900, a survey was done. ‘What do you see coming?’ asked the pollsters. All of those people questioned forecast better times ahead. Machines were just making their debut, but already people saw their potential.
You can see some of that optimism on display today in the Paris Metro. In the Montparnasse station is an illustration from the late 1800s of what the artist imagined for the next century. It is a fantastic vision- of flying vehicles…elevated sidewalks…incredible mechanical devices, all elaborated from the Machine Age technology as it was understood at the time. There is no sign of hydraulics, jet engines, or electrical devices, for example, just gears and pulleys…and flying machines that flapped their wings like a bird.
But when asked what lay ahead, the most remarkable opinion, at least from our point of view, was that the government would decline in size and power. Almost everyone thought so. We wouldn’t need so much government, they said. People will all be rich. Wealthy people may engage in fraud and finagling. But they don’t wait in dark alleys to bop people over the head and steal their wallets. They don’t need government pensions or government health care either. Nor do they attack their neighbors.
The great illusion: In 1909, British politician Norman Angell published a bestselling book, "The Great Illusion," in which he explained why. Wealth is no longer based on land, Angell argued. Instead, it depended on factories, finance, and delicate relationships between suppliers, manufacturers, and consumers. And as this capitalism made people better off, he said, they wouldn’t want to do anything to interfere with it. It would only make them poorer.
One of his most important readers was Viscount Esher of Britain’s Committee of Imperial Defence. Set up in 1904, its task was to research and coordinate military strategy for the empire. Esher told listeners that ‘new economic factors clearly prove the inanity of aggressive wars.’ One of the most important components of the wealth of the late 19th century was international commerce. Capitalism flourishes in times of peace, sound money, respect for property rights and free trade. It was clear that everyone benefitted. Who would want to upset that apple cart?
‘War must soon be a thing of the past,’ Escher concluded. He was wrong. In August 1914, the cart fell over anyway. The Great War began five years after Angell’s book hit the bestseller lists. On the first day of the Battle of the Somme- 100 years ago- there were more than 70,000 casualties.
By the time Americans arrived in 1917, the average soldier at the front lines had a life expectancy of only 21 days. And by the time of Armistice Day- on the 11th day of the 11th month at 11:00am of 1918- the war had k**led 17 million people, wounded another 20 million and knocked off the major ruling families of continental Europe- the Hohenzollerns, the Hapsburgs, and the Romanoffs (the Bourbons and Bonapartes were already gone from France).
The age of ‘isms’: After the Great War came a 30-year spell of trouble. In keeping with the metaphor of the Machine Age, the disintegration of pre-war institutions broke the tie rods that connected civilized economies to their governments. R********ns imposed on the Weimar Republic after the war sparked hyperinflation in Germany. The US, meanwhile, enjoyed a ‘Roaring 20s’, as Europeans paid their debts- in gold- to US lenders.
But that joyride came to an end in 1929. Then the feds flooded the carburetor, in their disastrously maladroit efforts to get the motor started again- including the Smoot-Hawley Act, which restricted cross-border trade. The ‘isms’- f*****m, c*******m, syndicalism, socialism, anarchism- issued forth, like carbon monoxide. They offered solutions!
Finally, the brittle rubber of c*******m (aided by modern democratic capitalism) met the mean streets of f*****m in another six-year bout of government-led violence: the Second World War. By the end of this period, the West decided enough was enough. Europe settled down with bourgeois governments of various social-democrat forms. The US went back to business, with order books filled and its factories still intact.
The end of history? The ‘isms’ held firm in the Soviet Union and moved to the Orient- with further wear and tear on the machinery of warfare in Korea…and later Vietnam. Finally, in 1979, Chinese leader Deng Xiaoping announced that, although the ruling C*******t Party would stay in control, the country would abandon its Marxist-Leninist-Maoist creed. China joined the world economy with its own version of state-guided capitalism. Then, 10 years later, the Soviet Union gave up even more completely…rejecting both the C*******t Party and c*******m itself.
This was the event hailed in a silly essay by American political scientist Francis Fukuyama, ‘The End of History?’* Finally, the long battle was won. It was, wrote Fukuyama, the ‘endpoint of mankind’s ideological evolution and the universalization of western liberal democracy as the final form of human government.’"
- http://www.dailyreckoning.com.au/
○
Graphic: Salvador Dali, “The Persistence of Memory”
○
* Reference: Freely download "The End of History", by Francis Fukuyama, here:
https://www.embl.de/aboutus/science_society/discussion/discussion_2006/ref1-22june06.pdf
- https://www.embl.de/aboutus/
“How Does It All End?"
by Bill Bonner
"Life can only be understood backwards; but it must be lived forwards."
- Soren Kierkegaard
“‘How does this all end?’ It’s a regular subject for guesswork here at the Diary. Of course, to see what’s coming, you have to look back on what’s come before.
Fantastic vision: In 1900, a survey was done. ‘What do you see coming?’ asked the pollsters. All of those people questioned forecast better times ahead. Machines were just making their debut, but already people saw their potential.
You can see some of that optimism on display today in the Paris Metro. In the Montparnasse station is an illustration from the late 1800s of what the artist imagined for the next century. It is a fantastic vision- of flying vehicles…elevated sidewalks…incredible mechanical devices, all elaborated from the Machine Age technology as it was understood at the time. There is no sign of hydraulics, jet engines, or electrical devices, for example, just gears and pulleys…and flying machines that flapped their wings like a bird.
But when asked what lay ahead, the most remarkable opinion, at least from our point of view, was that the government would decline in size and power. Almost everyone thought so. We wouldn’t need so much government, they said. People will all be rich. Wealthy people may engage in fraud and finagling. But they don’t wait in dark alleys to bop people over the head and steal their wallets. They don’t need government pensions or government health care either. Nor do they attack their neighbors.
The great illusion: In 1909, British politician Norman Angell published a bestselling book, "The Great Illusion," in which he explained why. Wealth is no longer based on land, Angell argued. Instead, it depended on factories, finance, and delicate relationships between suppliers, manufacturers, and consumers. And as this capitalism made people better off, he said, they wouldn’t want to do anything to interfere with it. It would only make them poorer.
One of his most important readers was Viscount Esher of Britain’s Committee of Imperial Defence. Set up in 1904, its task was to research and coordinate military strategy for the empire. Esher told listeners that ‘new economic factors clearly prove the inanity of aggressive wars.’ One of the most important components of the wealth of the late 19th century was international commerce. Capitalism flourishes in times of peace, sound money, respect for property rights and free trade. It was clear that everyone benefitted. Who would want to upset that apple cart?
‘War must soon be a thing of the past,’ Escher concluded. He was wrong. In August 1914, the cart fell over anyway. The Great War began five years after Angell’s book hit the bestseller lists. On the first day of the Battle of the Somme- 100 years ago- there were more than 70,000 casualties.
By the time Americans arrived in 1917, the average soldier at the front lines had a life expectancy of only 21 days. And by the time of Armistice Day- on the 11th day of the 11th month at 11:00am of 1918- the war had k**led 17 million people, wounded another 20 million and knocked off the major ruling families of continental Europe- the Hohenzollerns, the Hapsburgs, and the Romanoffs (the Bourbons and Bonapartes were already gone from France).
The age of ‘isms’: After the Great War came a 30-year spell of trouble. In keeping with the metaphor of the Machine Age, the disintegration of pre-war institutions broke the tie rods that connected civilized economies to their governments. R********ns imposed on the Weimar Republic after the war sparked hyperinflation in Germany. The US, meanwhile, enjoyed a ‘Roaring 20s’, as Europeans paid their debts- in gold- to US lenders.
But that joyride came to an end in 1929. Then the feds flooded the carburetor, in their disastrously maladroit efforts to get the motor started again- including the Smoot-Hawley Act, which restricted cross-border trade. The ‘isms’- f*****m, c*******m, syndicalism, socialism, anarchism- issued forth, like carbon monoxide. They offered solutions!
Finally, the brittle rubber of c*******m (aided by modern democratic capitalism) met the mean streets of f*****m in another six-year bout of government-led violence: the Second World War. By the end of this period, the West decided enough was enough. Europe settled down with bourgeois governments of various social-democrat forms. The US went back to business, with order books filled and its factories still intact.
The end of history? The ‘isms’ held firm in the Soviet Union and moved to the Orient- with further wear and tear on the machinery of warfare in Korea…and later Vietnam. Finally, in 1979, Chinese leader Deng Xiaoping announced that, although the ruling C*******t Party would stay in control, the country would abandon its Marxist-Leninist-Maoist creed. China joined the world economy with its own version of state-guided capitalism. Then, 10 years later, the Soviet Union gave up even more completely…rejecting both the C*******t Party and c*******m itself.
This was the event hailed in a silly essay by American political scientist Francis Fukuyama, ‘The End of History?’* Finally, the long battle was won. It was, wrote Fukuyama, the ‘endpoint of mankind’s ideological evolution and the universalization of western liberal democracy as the final form of human government.’"
- http://www.dailyreckoning.com.au/
○
Graphic: Salvador Dali, “The Persistence of Memory”
○
* Reference: Freely download "The End of History", by Francis Fukuyama, here:
https://www.embl.de/aboutus/science_society/discussion/discussion_2006/ref1-22june06.pdf
- https://www.embl.de/aboutus/
Sep 24, 2018 15:25:49 #
pafret wrote:
“How Does It All End?” br img https://1.bp.blogsp... (show quote)
“This is the way the world ends
Not with a bang but a whimper.”
― T.S. Eliot
Sep 24, 2018 16:02:04 #
pafret wrote:
“How Does It All End?” br img https://1.bp.blogsp... (show quote)
======================================
The USS America has been sailing along for many years, with a number of complete crew changes and a few Captain changes. Each Captain has complained about the crew replacements' complete lack of training in how to man their positions, and the guarded but recognized probability of a mutiny just around the next port of call. The crew h**es steerage quarters, the passengers, and the food served, but most of all they h**e the Captain and the owners of the ship that set the rules. It seems that two men out of ten are the real members that keep things going, but it is apparent that the ship is not earning its way, and is sinking further and further into debt. If the navigation officer or the helmsman messes up, they just might ram an iceberg on a cold winter crossing of the Atlantic. And that would be the end of history for the USS America.
Sep 24, 2018 16:12:57 #
Manning345 wrote:
====================================== br br The ... (show quote)
You have put your finger precisely on the 80 / 20 rule. Eighty percent of the work, in any endeavor, gets accomplished by twenty percent of the work force. If he t***h were told, almost 100 percent of the problems which arise from the endeavor originate in the twenty percent of the work done by the majority.
Sep 24, 2018 18:16:40 #
pafret wrote:
“How Does It All End?” br img https://1.bp.blogsp... (show quote)
Interesting piece. I don't much read bill Bonner anymore cuz he usually leans pretty far left. And being an ex-pat doesn't much know what's going on.
Sep 24, 2018 23:31:00 #
pafret wrote:
“How Does It All End?” br img https://1.bp.blogsp... (show quote)
Well here's an idea for y'all.
It doesn't end ,because we are no longer on the same timeline.
CERN opened up a big old can of worms when it started messing around with matter and antimatter .
Our universe ,our reality is not what it once was. Even history seems to have changed ,and certainly things are no longer logical.
Socialism,? A****a,? Sharia law? The invasion of Europe ?
These things should not he happening.
Our reality had been kicked sideways ,leaving behind the universe we destroyed. Every day ,things get stranger ,and none if it seems to make sense. Just watch what's going on ,and tell me this stuff is normal.
Sep 25, 2018 00:32:41 #
Sep 25, 2018 09:07:40 #
solarkin wrote:
Well here's an idea for y'all. br It doesn't end ... (show quote)
Read the first 4-5 verses of II Timothy 3.
Sep 25, 2018 09:19:18 #
solarkin wrote:
Well here's an idea for y'all. br It doesn't end ... (show quote)
CERN is a flop. It was ballyhooed as the vehicle to find the "GOD PARTICLE", wh**ever that was supposed to be. Their pursuit of the Higgs Boson produced nothing. After the initial, much touted, attempt failed to produce any results the official analysis claimed that was because the "particle" was determined to be, possibly, a spread of energies, not a discrete particle and they are no closer to unraveling the origins of the universe then they were at the start. From hype to flop, another billion dollar boondoogle.
Sep 25, 2018 11:34:05 #
pafret wrote:
CERN is a flop. It was ballyhooed as the vehicle ... (show quote)
==================================
I suggest that the LHC is not a boondoggle but a tool that can be used to explore the Higgs Field and its constituents with considerable success.
https://www.space.com/36724-higgs-boson-not-so-godlike.html
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