Our Winter of Discontent

The tragedy is so few act when the collapse is predictably inevitable, but not yet manifesting in daily life.

That chill you feel in the financial weather presages an unprecedented–and for most people, unexpectedly severe–winter of discontent. Rather than sugarcoat what’s coming, let’s speak plainly for a change: none of the promises that have been made to you will be kept.

This includes explicit promises to provide income security and healthcare entitlements, etc., and implicit promises that...