I propose that the world is upside down, that the way we live is the opposite of what we're told it is: we don't experience Progress, we experience Anti-Progress.
My five most recent essays (listed below) lay out an account of the present era that is radically different from the conventional narrative.
It's worth noting that my writing is not "validated
by credentials so you should listen to this person" or by
data-based claims that "he called the exact top and bottom of
the market and has beaten the market indices for 27 years." The
foundation of my work is the text either validates or invalidates
itself by its sources and reasoning and is best read as "written
by anonymous."
If you decide on the validity of the text
based on the author's credentials and investment track record, there
are hundreds of PhD economists to follow and thousands of accredited
financial advisors to consult - or consult Warren Buffet's annual
reports, as his investment track record speaks for itself.
The
trust we place in these validations based on credentials and past
data rests on a continuation of the conventional status quo, i.e.
recency bias, the belief that the recent past is a trustworthy guide
to the future because everything is stable and predictable.
And
since everyone making their livelihood off the status quo has a
built-in incentive to assume it's stable and predictable, there is no
advantage to entertaining possibilities outside this context.
This
is the basis of assessing texts and ideas on their own merits rather
than trusting the author will be correct this time because they are
certified experts and/or they were right about things in the past.
Trusting recency bias and credentials works well if the system is
indeed stable and predictable. If it's not, then letting the ideas
speak for themselves becomes the way to widen our survey of potential
futures.
I propose that the world is upside down, that the way
we live is the opposite of what we're told it is: we don't experience
Progress, we experience Anti-Progress. We don't live in an economy
that optimizes value to compete for our dollars; we live in an
economy that optimizes eliminating competition to maximize
extraction. All the technologies of AI aren't additive and
liberating; they're powerful tools that optimize centralized control
and extraction. The claim is that AI will help us but the real goal
is to use us. The system we inhabit isn't transparently fair, it's
transparently corrupt, the perfection of self-service passing itself
off as manifesting the noble ideals of "capitalism" and
"democracy."
Rather than being victims of powers
beyond our control, we accepted the erosion of fairness - the
foundation of all human societies - into a rigged casino that favors
the few at the expense of the many because we accepted the promise
that this unfair, corrupt economy, society and political system
enabled us to get ahead: who needs fairness if we have a seat in the
rigged casino?
In the conventional telling, ours is a system
of innovation, growth and opportunity. The reality is the opposite:
the "innovation, growth and opportunity" are all
concentrated in a vast credit-asset bubble that has richly rewarded
those who own the assets that have skyrocketed in value and left
everyone who doesn't own these assets behind.
This structure -
the real world is the opposite of what we're told - is a
civilizational psychosis that benefits those at the top of the
wealth-power pyramid. We go along with this psychosis because denial
is our defense against a reality too painful to bear: our progression
from a society of systemic fairness to a society of systemic
unfairness.
But denial, unfairness and credit-asset bubbles
are all inherently unstable, and so once the bubble pops, denial will
crack and be replaced by anger, an anger at ourselves and those we
trusted that will seek expression by focusing on those who glorified
the rigged casino the loudest because it enriched them so
immensely.
The alternative accounts touted by many are simply
different flavors of the conventional narrative.
One is that
the Powers That Be are instituting a techno-financial web we cannot
escape of tokens, blockchains and stable coins that will digitize
every transaction and enable the Powers That Be to switch our
financial lives on or off as the means of an ironclad control.
If
we change our money, the narrative holds, then we can escape this
perfection of Orwellian control.
The problem is that changing
the money in a rigged casino doesn't unrig the casino; all it means
is those in the casino start using another form of money.
Another
narrative holds that technology and system dynamics can be wielded to
reverse the decay and fulfill the fantasies of super-abundance and
technological Progress.
Neither narrative acknowledges that
humans are hard-wired to live in a moral universe, as our sensitivity
to fairness - which includes transparency, integrity, truth, honesty,
duty, obligation and reciprocity - is the foundation of our social
skills, which are our core selective advantage as a species.
The
moral universe isn't some concept that isn't "real" - we're
constantly told that what's "real" is finance, money, the
economy, technology, data and systems - the moral universe is the
foundation of all civilization. In dismissing this innate sensitivity
to fairness as inconsequential in the "real world" of
systems and data, we dismiss an understanding of our civilizational
psychosis and our own denial of this psychosis.
There is a
place for technology, finance, systems and data, but by measuring
"progress" solely by technological standards, measuring
"value" solely by financial metrics and measuring
"understanding" (i.e. what's being "optimized")
by data and systems - all reductionist left-hemisphere functions -
we cut ourselves off from the moral universe that enables our primary
selective species advantage - our social experience.
We are
not social creatures like ants that self-organize by instinct and
pheromone trails: we self-organize in a moral universe in which our
exquisite sensitivity to fairness and unfairness in all its
intuitive, right-hemisphere width and breadth has been hard-wired as
the essential foundation of our primary selective species
advantage.
All of which leads to a question we ask ourselves:
could instability trigger radical change in our own life?
A
health crisis offers an analogy many of us have experienced.
We're
living our lives, doing what we always do, and suddenly we experience
a health emergency that calls how we've been living into question:
how did I become ill? We realize we weren't really paying attention
to our diet, our fitness, our sources of stress, our conflicting
goals or our doubts or anomie. We never thought of ourselves as being
in denial, but we were in denial - a denial that included denial
itself.
Faced with a condition that could prove fatal or
debilitating, we realize our old way of living wasn't healthy, even
though we made excuses and told ourselves that we were generally
living a healthy life. Stripped of excuses and rationalizations, we
realize we were eating out a lot and that these meals weren't
necessarily healthy, even though we ordered the salad instead of the
fries. The meals were optimized to trigger our dopamine receptors -
this tastes good - and generate a profit for a highly competitive,
cost-sensitive business.
We realize that if we truly want to
have a healthy diet, we have to prepare real, highly nutritious food
at home, with very occasional exceptions. We realize that our stress
levels cannot possibly decline unless we make radical changes in our
employment / work lives, our home lives and perhaps in our entire
understanding of what our life is actually about.
The point
here is health crises force us to reassess things we were content to
leave as-is prior to the crisis. We weren't actually living a very
healthy life, but we told ourselves it was healthy enough because we
had no symptoms of illness. That the causal chains of an unhealthy
life - stress, diet, fitness, unresolved conflicts - were steadily
undermining our well-being was invisible, until something snapped and
we experience a health crisis.
Simply put, we avoid radical
change until there is no other option left. Denial is comfortable,
and we do what's comfortable until it's no longer possible to do
so.
Financial matters can also force radical change on us. Our
home equity is a "savings account" we can tap until the
bubble pops and suddenly we have no equity at all - we only have
debt. Equity comes and goes but the debt remains unchanged: that's
the problem with debt.
The system we inhabit is inherently
unstable because it rests on artifice, not authenticity, on financial
bubbles, not value, and Anti-Progress, not Progress. Denial is
comfortable and facing all that undermines the quality of our lives
and our well-being is not just uncomfortable, it's extremely
troubling, for we sense that once we strip away our denial, excuses
and rationalizations, we'll be forced to make radical changes in our
lives, changes we're not prepared to make until there is no other
option left.
If what I've laid out in these five essays is an
accurate account of what's really going on, the intrinsic instability
of a system that depends on our acceptance of civilizational
psychosis for its continuity and coherence will crack wide open. And
when that happens, our denial will crack wide open, and many of us
will become angry that the rigged casino didn't work out for us as
promised.
Many are confident that any crisis is 10 or 15 years
away, and so we'll all have plenty of time to prepare. Their forecast
may prove to be correct, but their confidence is a form of denial of
what an unstable state means: an unstable state is unpredictable and
prone to sudden phase changes.
To be confident that any crisis
is 10 years away is akin to gazing at an unstable mountainside and
declaring that an avalanche is safely in the future. Any confidence
in a prediction about an unstable system is a tacit denial of the way
that instability is hidden beneath a surface stability that is
reassuring due to recency bias but misleading.
When the latest
polls find that only 18% of Gen Z see AI as a positive development,
this is the equivalent of a tremor shaking an unstable mountainside.
Is assuming we'll all have decades to prepare for instability
reality-based, or is it denial dressed up in data?
Many of us
will be forced to make radical changes in our own lives once the
unstable system we inhabit cracks wide open. Those who recognized the
fragility of our civilizational psychosis and acted before the
avalanche will do better than those who waited until it was too late.
My point here is: asking ourselves what it will take to make radical
changes in our own lives now, not in some distant future, is a
worthwhile exercise.
Anticipating that we might be thirsty in
the future is a motivation to start digging a well now, as "once
we're thirsty, it's too late to dig a well."
From the
point of view of stability, any radical change is needlessly risky.
When a crisis takes away stability and predictability, then
everything reverses: clinging on to what caused the crisis is what's
risky and making radical changes is what offers hope for
solutions.
Even when we're in a situation that's undermining
our well-being, we cling to the status quo. When we're finally forced
to undertake radical changes, it's a kind of relief, for we are
forced to jettison what wasn't working but was working just well
enough to keep us frozen in place.
by Charles Hugh Smith at oftwominds.com on May 28, 2026
Please read these essays as if they are anonymous and therefore judged on their own merits:
https://www.oftwominds.com/blogmay26/unfairness-revolt5-26.html
https://www.oftwominds.com/blogmay26/optimized-failure5-26.html
https://www.oftwominds.com/how-things-break/social-collapse5-26.html
https://www.oftwominds.com/blogmay26/crisis-good-guys5-26.html
https://www.oftwominds.com/blogmay26/chaos-unleashed5-26.html
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