By Charles Hugh Smith This devaluation of financial wealth -- and its transformation to a dangerous liability -- will reach extremes equal to the current extremes of wealth-income inequality. Financial capital--money--is the Ring that rules them all. But could this power fall from grace? Continuing this week's discussion of the idea that that extremes lead to reversions, … [Read more...] about When Social Capital Becomes More Valuable Than Financial Capital
Social Capital
The Importance of Social Capital — The Internet Is No Substitute for Real Life
By Anthony Gill I am not one who cries easily. My wife had to inform me that the ending to Old Yeller was not a comedy. Nonetheless, when word came down via social media that the Duvall Tavern was reopening after a three-month hiatus, tears welled up in my eyes, immediately and involuntarily. The Duvall Tavern is a pub and restaurant in a small town just northeast of … [Read more...] about The Importance of Social Capital — The Internet Is No Substitute for Real Life