Charles Hugh Smith: The Unraveling – How We Faked Financial Wealth and Lost Everything Else (Social Capital, Earth, Etc.)

Collective Intelligence, Commercial Intelligence, Cultural Intelligence, Earth Intelligence, Gift Intelligence, Peace Intelligence
Charles Hugh Smith

The Unraveling Quickens

Even if we don’t measure the erosion of intangible capital, the social and political consequences of this impoverishment are manifesting in all sorts of ways.
The central thesis of my new book Will You Be Richer or Poorer? is the financial “wealth” we’ve supposedly gained (or at least a few of us have gained) in the past 20 years has masked the unraveling of our intangible capital: the resilience of our economy, our social capital, i.e. our ability to find common ground and solve real-world problems, our sense that the playing field, while not entirely level, is not two-tiered, and our sense of economic security–have all been shredded.