Humanity's fate will most probably be decided in this first quarter of 2022

The first quarter of 2022 will most probably be remembered, for a long time to come, for having decided humanity's model of collective response to "the Great Convergence of Late-Modernity". If I'm proven right then what happens in this month of January will be determinant for the future of humanity.

So how best can we summarize the situation ?

A Chinese-Russian Christmas tale ?

I spend my time, retreated from society, writing thinking and image-making. I'm presently writing a volume about Modernity. My perception is thus necessarily the long haul. Unfortunately these last few days the anti-system bloggers, who constitute my first source of information, were overtaken by too much fantasy for my taste. 
To console myself in this period of the Year I hereafter share a Geopolitical Christmas tale that is rooted in the last episodes of actuality.

Debt jubilees merely treated societal symptoms ...

The following is an extract from the "Volume 2. Modernity" of my series "From Modernity to After-Modernity" that I'm presently editing.

I give this extract as a blog post because it is adding some more substance to the post "Michael Hudson Asks Naked Capitalism's readers... " that I published on 2021-04-15.