Posted on Leave a comment

#COVID19: Toilet Paper Wars and the Shithouse of Capitalism

The run on toilet paper has brought the failings of capitalism front and center to the bathroom of every house across Australia, a trend that has now spread to other countries. We are witnessing, in real-time and with stunning consequence, the stone-cold fact that markets are an ineffective mediator of resources, prone to the worst vagaries of herd mentality. Perceived impending shortages of toilet paper owing to the spread of COVID-19 set off widespread panic. We might be inclined to laugh at the implausibility of the whole scenario, but whether the situation is real or imagined is beside the point. The truth, which in this case may appear stranger than fiction, is that markets operate in the sweet spot between scarcity and fear.

Continue reading #COVID19: Toilet Paper Wars and the Shithouse of Capitalism
Posted on Leave a comment

Children ‘Screaming and Coughing in the Mayhem’ as Trump Border Patrol Fires Tear Gas Into Mexico

“Strong breeze carried U.S.-launched teargas deeper into Mexico. Migrants ran for hundreds of yards before escaping the cloud.”

Continue reading Children ‘Screaming and Coughing in the Mayhem’ as Trump Border Patrol Fires Tear Gas Into Mexico