Nihilism is not a pathological exacerbation of subjectivism, which annuls the world and reduces reality to a correlate of the absolute ego, but on the contrary, the unavoidable corollary of the realist conviction that there is a mind-independent reality, which, despite the presumptions of human narcissism, is indifferent to our existence and oblivious to the… Continue reading On Nihilism
Supreme Court nominee Judge Brett Kavanaugh is primed to be Trump's bulwark against any future indictment by the Mueller investigation - given his subscription to the unitary executive theory. Not only that, with the aid of dark money forces and the ultimate sanctioning of the Federalist Society, Kavanaugh is also tabbed to be Corporate America's… Continue reading Kavanaugh and the Myth of Judicial Independence
Many readers here have no doubt spent at least some time thinking about the Singularity, whether in a spirit of hope or fear, or perhaps more reasonably some admixture of both. For my part, though, I am much less worried about a coming Singularity than I am about a Sofalarity in which our ability to create realistic illusions of achievement and adventure convinces the majority of humans that reality isn’t really worth all the trouble after all. Let me run through the evidence of an approaching Sofalarity. I hope you’re sitting down… well… actually I hope you’re not.
I would define a Sofalarity as a hypothetical point in human history would when the majority of human beings spend most of their time engaged in activities that have little or no connection to actual life in the physical world. It’s not hard to see the outline of this today: on…
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Yesterday, the US stock market fell by the most in one day since mid-2007, just before the credit crunch, the banking crash and the start of the Great Recession.
Is history set to repeat itself? Well, the old saying goes that history never repeats itself but it rhymes. In other words, there are echoes of the past in the present. But what are the echoes this time. There are three possibilities.
This crash will be similar to that 1987 and be followed by a quick and decisive recovery and the stock market and the US economy will resume its recent march upward. The crash will be seen as blip in the recovery from the Long Depression of the last ten years.
Or this could be like 2007. Then the stock market crash heralded the beginning of the mightiest collapse in global capitalist production since the 1930s and biggest collapse in…
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