We’re now not within the throes of late-stage capitalism; we’re dwelling in the course of the overdue phases and the demise rattle of the post-1971 fiat machine. Mistaking the 2 (and basing answers or insurance policies in this mistake) is a recipe for counterproductive interventions and ignored alternatives.

By no means in my lifestyles have I felt a extra urgent sense that we’re coming near the top of one thing; that, to paraphrase William Butler Yeats, the metaphorical middle cannot and is not holding. I feel this sensation of coming near finality, of ancient transition and of fraying order has saturated and knowledgeable our politics as effectively.

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