After 10 years of ignoring reality, Wall Street is finally waking up to the awful realization that there is an unmentionable connection between “the aging thing” and the wild oscillations in the stock market.
It hasn’t yet occurred to them to draw any connections between “the aging thing” (i.e., the retirement of the Baby Boomers) and what is happening now in Greece and Japan in the year 2011. They might be forced to conclude there is a connection between their abstract economic models and the physical strength of real households.
How long will it take for Wall Street to factor into its analysis the race thing (the reality of racial differences), the culture thing (the inability of a degenerate culture to support the existing institutions), the energy thing (the long term Peak Oil crisis), the finance thing (the detachment of finance from the physical economy), and the political thing (a broken political system which is incapable of solving major challenges)?
What do you suppose are the implications for “progressivism”? It doesn’t matter because “progressives” are unable to reproduce themselves. There won’t be any “progressives” around twenty years from now.