“If anything, the diesel crisis continues, as does the impact of ships carrying dry bulk (fertilizer, aluminum, petrochemicals, grains, sulfur, cement, industrial minerals, etc.) still stranded in the Persian Gulf.”
[Part of the upcoming “World War III” documentary]
This should surprise no one: The Social Security Trust Fund is expected to run dry by 2032, at which point benefits will be slashed or taxes increased. Since slashing benefits is political suicide, we can expect Congress to swing into action as the perennial champion of a politically powerful voting bloc.
In a previous article about socialism, I outlined the basic reasons why profit-seeking capitalists are essential to the productivity and income of workers and to satisfying the desires of consumers, why increasing government controls over the economy plays into the hands of exploitative corporatist elites, and why socialization of the means of production ultimately requires central planning to coordinate production and preserve a division of labor, which in turn necessitates the evils of t
[This article was first published in German in Schweizer Monat, 5 August 2026]
