Intermediation Blues

As commonly used in finance, “intermediation” refers to banks and other financial institutions borrowing from savers/investors and lending to companies that need funds for investment in operations and new projects. I will look at the idea more broadly here. Intermediation occurs in countless ways in our industrial-consumer society. Most of the time, we do not … More Intermediation Blues

Beyond Resistance

Resistance seems necessary, though clearly, it is not sufficient. What will resistance get us, really? A slower unraveling of American Democracy? Maybe, but not much slower. Democracies die not so much by military coup but by slow erosion of crucial institutions such as the courts and the press. The anti-democratic forces of the corporate state … More Beyond Resistance