Risk & Opportunity

A quarterly political and economic newsletter published by Michael Cuddehe

The objective of R&O is to provide social, political and economic commentary on developments that impact the trajectory of our society from the perspective of the marketplace. Special emphasis is given to long-term structural and systemic issues.

Q4 '13

History Repeats Itself

Karl Marx got some things right. “History repeats itself: first as tragedy, then as farce.” The spectacle emanating from Washington in recent months is nothing if not a farce.

Republican neo-Confederate nihilists pushed the limit over the debt limit in October, causing a 16 day shutdown of government services and threatening to drive the U.S. into default on its obligations if they didn’t get their way on spending issues. Threatening default, as Warren Buffet put it, is “an economic weapon of mass destruction” and should be “off the table for everyone, for good.” more

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