From The Daily Capitalist:

... Sometimes, perhaps once in a few generations, a nation can undergo what a mathematician or physicist would call a "phase change." The classic example of such a thing is a pile of sand. Every grain you add makes the pile slightly steeper and slightly higher without moving any of the other grains inside the pile, until eventually one grain is added that causes an avalanche of sand down the sides of the pile, moving thousand of grains and changing the shape of the pile.

... We cannot see past a phase change. I don’t know if the U.S.A. will have undergone one at the time of the 2012 election, but the necessary conditions for one are all in place, as far as I can tell.

One has to reach back a good way in American history for a time of such rapidly rising sentiment that not only are our leaders unable even to think of real solutions to the problems of greatest concern (rather than just making expedient changes at the margin), but also that the prevailing political and economic system is structurally incapable of delivering any long-term solutions in its current form.

The sheer range and interconnectedness of the problems that the nation faces are such that any permanent solution to any one of them will require profound systemic change that will necessarily upset many economic, political and cultural equilibria. And that is nothing more than a definition of a national phase change.

The average American may not know what is to be done, but she can sense when the system has exhausted all its possibilities...

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