CORPORATE FASCISM: The Destruction of America's Middle Class

Discussion in 'Politics' started by poncho, Sep 24, 2014.

  1. poncho

    poncho
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    A new kind of fascism has taken over America: the merger of corporations and government whereby corporate power dominates. With the emergence of ever-larger multinational corporations -- due to consolidation facilitated by the Federal Reserve's endless FIAT money -- the corporatocracy has been in a position to literally purchase the U.S. Congress.

    http://www.youtube.com/watch?v=hTbvoiTJKIs
     
  2. poncho

    poncho
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  3. poncho

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    The incestuous embrace of privilege and power by entrenched, socially isolated Elites characterizes failed states and brittle, doomed regimes throughout history.

    Every system is optimized to serve a specific purpose. As noted in my recent essay What Metric Are We Optimizing For?, what the system optimizes is rarely explicitly stated.

    Sometimes this results from not understanding the metric that the system is designed to optimize; but in other cases, explicitly describing what the system optimizes would trigger social instability.

    The Status Quo around the world–from France to China to the U.S.–is optimized to protect its Elites and the sprawling Upper-Caste of academics, managers, think-tank toadies, technocrats, apparatchiks, functionaries, factotums, lackeys and apologists who serve the Elites, and are well-paid for enforcing the Status Quo on the disenfranchised castes below.

    Demographer Joel Kotkin, author of the new book The New Class Conflict, has coined the word Clerisy to describe what I have been calling the Upper Caste:America’s new class system.

    Oligarchs are assisted in their control by what Kotkin calls the “clerisy” class — an amalgam of academics, media and government employees who play the role that medieval clergy once played in legitimizing the powerful, and in implementing their policies while quelling resistance from the masses. The clerisy isn’t as rich as the oligarchs, but it does pretty well for itself and is compensated in part by status, its positions allowing even its lower-paid members to feel superior to the hoi polloi.

    Because it doesn’t have to work in competitive industries, the clerisy favors regulations, land-use rules and environmental restrictions that make things worse for businesses — especially the small “yeoman” businesses that traditionally sustained much of the middle class — thus further hollowing out the middle of the income distribution. But the lower classes, sustained by government handouts and by rhetoric from the clerisy, provide enough votes to keep the machine running, at least for a while.

    This describes the Savior State perfectly: a centrally planned and controlled government that enforces its absolute control via force, legal regulations and the blandishments of complicity: there’s billions of dollars in free money social welfare to buy the loyalty (or at least the passivity) of the disenfranchized and marginalized.

    Read More At: http://www.washingtonsblog.com/2014/09/global-status-quo-optimizes-protecting-elites-clerisy-class-serves.html
     

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