Lesson of the Macondo: Blowout preventers don’t prevent blowouts. This comes as a shock to people attuned to the on-schedule arrival of techno-miracles. Now, all the acronym-studded invocations of techno-mastery by men wearing interesting hats will not avail to put the schnitz on an epic horror show in the Gulf ...read more
The Ponzi Scheme Unwinds in America and Europe
May 18th, 2010 | By James Howard Kunstler | Category: Economics, Featured, Politics
Everybody in the world is broke, except for maybe Lloyd Blankfein, and he may not end up broke so much as broken — by a political meat-grinder that is revving up to turn the world’s woes and swindles into a new kind of Long Emergency sausage, to be distributed among ...read more
Greek Bonds Rally and Other Unrealities
May 10th, 2010 | By James Howard Kunstler | Category: Economics, Featured
The European Union came up with a trillion dollar bailout for itself at the dawn’s early light. Plus, each member gets a Latvian prostitute, gratis. The Germans will love this. It already goosed the Euro back above $1.30 — just when they hoped a lower Euro would help them move ...read more
Modern Civilization: This Sucker Is Going Down
Apr 29th, 2010 | By James Howard Kunstler | Category: Economics, Featured, Politics
George W. Bush was onto something in the fall of 2008 when he remarked apropos of the Lehman collapse: “...this sucker could go down.”
It’s my serene conviction, by the way, that this sucker actually is going down, right now, even as I clatter away at the keys — perhaps in ...read more
Peak Oil and Unpaid Mortgages Will Kill Suburbia
Apr 6th, 2010 | By James Howard Kunstler | Category: Featured, Housing, Oil
In a place like upstate New York, north of Albany, where April is more generally known as “mud season,” and the wait for “ice-out” on the big lakes takes forever, and on frigid nights the windigos steal through the tops of the tall pines — it would seem foolish to ...read more
Leaving Behind Industrial Civilization
Mar 18th, 2010 | By James Howard Kunstler | Category: Economics, Featured, Politics
Driving down the broad avenues of Cleveland, Ohio, was like flipping through the pages of a picture book about the rise and fall of our industrial empire. Where demolitions had not removed things — a lot was gone — stood the residue of a society so different from ours that ...read more
Oil Prices Will Eventually Change Everything Drastically
Mar 9th, 2010 | By James Howard Kunstler | Category: Featured, Politics
I was plying the interstate highways of New England this weekend — there is no sane way to get from Albany, New York, to the vicinity of Middletown, Connecticut, by public transit — marveling at the vistas of normality all around me: the freeway lanes with their orderly streams of ...read more
Disasters Far and Near: Haiti and the U.S. Economy
Jan 20th, 2010 | By James Howard Kunstler | Category: Featured
As the disaster in Haiti moves into its "Katrina" phase of a organizational chaos, relief effort failure, and public health calamity, the world will get another lesson in the dangers of techno-triumphalist posturing. American authority pretends to be in flawless control of a situation that by the minute crumbles into ...read more
The Economy Has Six Months to Live
Jan 12th, 2010 | By James Howard Kunstler | Category: Economics, Featured
The economy has about six months to live. Especially the part that consists of swapping paper certificates. That’s the buzz I’ve gotten the first two weeks of 2010, and forgive me for not presenting a sheaf of charts and graphs to make the case. Just about everybody else yakking about ...read more
Oil Prices Will End the Futility Economy
Jan 5th, 2010 | By James Howard Kunstler | Category: Economics, Featured, Oil
On the first business day of the new year and oil traded above $80 a barrel, which means the price has re-entered the danger zone where it can crush industrial economies. This is a central element of the predicament we find ourselves in. The US economy is essentially a Happy ...read more


