Tag Archive: neofeudal system

Will Tax Cuts and More Federal Borrowing/Spending Fix What’s Broken?

2016-12-31

by

2016-12-31

Wages & Salaries as perfent of GDP, energy crisis, financialization boom, internet boom, housing boom
Charles Hugh Smith combines the best graphs on the declining wage share of GDP in this post. He answers the question if the tax cuts and more federal borrowing and spending can solve what is broken in the U.S. economy.

Read More »

Rich Middle Class, Poor Middle Class

S&P / Case-Shiller
This great generational injustice is the direct consequence of central banks lowering interest rates to zero and inflating asset bubbles. How can middle class households have similar incomes but some are asset-rich and others are asset-poor?

Read More »

The New Nobility Uses Political Correctness to Fragment the Precariats

2016-11-26

by

2016-11-26

Peasants
Combine identity politics with political correctness, and the New Nobility/Oligarchy can laugh their way to the bank while their pawn-serfs fight over how many politically correct angels can dance on the head of a pin.

Read More »

The Age of Disintegration: Political Disunity and Elites At War

2016-11-21

by

2016-11-21

Distribution of Wealth in the US Since 1917
Historian Michael Grant identified profound political disunity in the ruling elite as a key cause of the dissolution of the Roman Empire. Grant described this dynamic in his excellent account The Fall of the Roman Empire. The chapter titles of the book illuminate the complex causes of profound political disunity in the ruling elite: The Gulfs Between the Classes: a.k.a. soaring income/wealth inequality: check.

Read More »

The Great Con: Political Correctness Has Marginalized the Working Class

2016-11-19

by

2016-11-19

Shares of Gross Domestic Income
So when the protected class of well-paid institutional "progressives" speak darkly of "reversing 40 years of social progress," what they're really saying is we're terrified that the bottom 95% might be waking up to our Great Con of identity politics and political correctness. To understand the Great Con of political correctness, we must first grasp the decline of the working class (self-described as "the middle class"), i.e. those who must sell...

Read More »

Two Sets of Solutions as the Status Quo Crumbles

2016-10-24

by

2016-10-24

Two charts illustrate Why Our Status Quo Failed and Is Beyond Reform: this chart of the S-Curve of financialization, leverage, debt, central planning, regulatory capture and globalization--that is, the engines of modern "growth"--depicts the inevitable stagnation and decline of these dynamics as overcapacity, debt saturation and diminishing returns take hold.

Read More »

The Ruling Elite Has Lost the Consent of the Governed

2016-10-23

by

2016-10-23

Brimming with hubris and self-importance, the ruling Elite and mainstream media cannot believe they have lost the consent of the governed. Every ruling Elite needs the consent of the governed: even autocracies, dictatorships and corporatocracies ultimately rule with the consent, however grudging, of the governed.

Read More »

Welcome to Neocolonialism, Exploited Peasants!

2016-10-23

by

2016-10-23

In my latest interview with Max Keiser, Max asked a question of fundamental importance: (I paraphrase, as the interview has not yet been posted): now that the current iteration of capitalism has occupied every corner of the globe, where can it expand to for its "growth"?

Read More »

USA 2017-2020: An Ungovernable Nation?

2016-10-10

by

2016-10-10

The U.S. needs to overthrow a corrupt, self-serving elite. Regardless of who wins the presidency, a much larger question looms: will the U.S. be ungovernable 2017-2020? There are multiple sources of the question.

Read More »

Neofeudalism 101: Strip-Mining the Upper Middle Class

Share of nation's income
This Neofeudal structure is unstable by its very nature. I have often examined the Neofeudalist structure of the U.S. economic hierarchy, and the many social and financial fault lines running through this creaking structure.

Read More »

America’s Nine Classes: The New Class Hierarchy

Eight of the nine classes are hidebound by conventions, neofeudal and neocolonial arrangements and a variety of false choices. There are many ways to slice and dice America's power/wealth hierarchy. The conventional class structure is divided along the lines of income, i.e. the wealthy, upper middle class, middle class, lower middle class and the poor.

Read More »

Financialization and Crony Capitalism Have Gutted the Middle Class

Lifecycle of Financialization, Emergence, Expansion, Maturity, Stagnation, Crisis: Ti
The neofeudal colonization of the "home market" has transformed the middle class into debt serfs. According to the conventional account, the Great American Middle Class has been eroded by rising energy costs, globalization, and the declining purchasing power of the U.S. dollar in the four decades since 1973.

Read More »