Survey Shows a Majority of European Youth Would Participate in Uprising to Overthrow Status Quo

As the title of today’s piece implies, something very rotten is happening across the Western world and it’s starting to push many people, especially the youth, toward a breaking point. In the U.S., much of the problem relates to increased corporate power and monopoly, which has resulted in a less dynamic economy characterized by a neo-feudal plantation model where a small group of people continue to rent-seek profits at the expense of society at large.

Surprisingly enough, today’s piece will zero in on the observations of fund manager Jeremy Grantham to make the point. In his quest to understand why P/E multiples and corporate profit margins have failed to revert to the prior mean over the past couple of decades, Mr. Grantham of GMO made some very important points about how the American economy has changed for the worse during the 21st century. Indeed, much of what he observes can be seen as key factors in rising income equality, which in turn leads to social instability.

Read the rest here.