The New Normal: A "Managed Decline"? | 73 comments (73 topical, 0 editorial, 0 hidden)

Re: The New Normal: A "Managed Decline"? (4.00 / 6)

Completely agree.

I think the closest anyone with money or power gets to a usable narrative for what is happening is seeing the chaos on our doorstep and planning their own lifeboats like geezer is, but on a different scale of resources.

Policy wise, no way - you simply can't walk among the elites without believing status quo narratives.

you are the media you consume.

by MillMan (millguy at gmail) on Mon Feb 28th, 2011 at 06:30:04 PM EST
[ Parent ]

Re: The New Normal: A "Managed Decline"? (4.00 / 6)

Agree with both you and Jake. Not only you "can't walk among the elites without believing status quo narratives", but you can constantly fear irrelevance and a falling by the wayside in your wished-for career path if you step out of the strait and narrow. That is deeply interiorised ie not even conscious, but a powerful determinant of behaviour.

If anything unites different sections of the elites - financial, political, military, technocratic - it is not a shared secret knowledge of reality on which an eschatological strategy is based, but self-serving ignorance, intellectual and moral mediocrity.

by afew (afew(a in a circle)eurotrib_dot_com) on Tue Mar 1st, 2011 at 08:57:35 AM EST
[ Parent ]

Re: The New Normal: A "Managed Decline"? (none / 0)

There are significant exceptions. If someone in finance consistently makes high return investments that few others see, that person can believe pretty much what they will, as long as they employ a modicum of discretion in what they say. Successful hedge fund traders are an example.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Mar 2nd, 2011 at 09:30:42 AM EST
[ Parent ]

The New Normal: A "Managed Decline"? | 73 comments (73 topical, 0 editorial, 0 hidden)

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