What does Corporate Profitability Have to do with Prosperity?

A recent article on stratfor.com focused on the trend toward automation in agriculture, which this writer presents as a positive development.((How Future Farmers Will Use Technology to Improve Agriculture, stratfor.com analysis. May 13, 2015. Available: https://www.stratfor.com/analysis/us-how-future-farmers-will-use-technology-improve-agriculture)) By contrast, John Lanchester’s review of The Second Machine Age: Work, Progress and Prosperity in a Time of Brilliant Technologies ((Lanchester,…

Throwing in the Towel

I’ve decided to sell my stocks, not because the companies have had bad news recently but because the downward pattern is more extreme and unrelenting than I’ve ever seen it. I’m especially concerned that certain amateur websites write several new articles each week although they have nothing of any real substance to report. Since I…