The neofeudal colonization of the "home market" has transformed the middle class into debt serfs.
- The divergence of State/private vested interests and the interests of the middle class
- The emergence of financialization as the key driver of profits and political power
- The neofeudal “colonization” of the “home market” by ascendant financial Elites
- The increasing burden of indirect “taxes” as productive enterprises and people involuntarily subsidize unproductive, parasitic, corrupt, but politically dominant vested interests
- The emergence of crony capitalism as the lowest-risk, highest-profit business model in the U.S. economy
Higher Energy Costs = Lower GDP, Lower Incomes
The Middle-Class Work-Around: Substituting Debt for Income
According to the Census figures, the median annual income for a male full-time, year-round worker in 2010 — $47,715 — was virtually unchanged, in 2010 dollars, from its level in 1973, when it was $49,065. Overall, median household income adjusted for inflation declined by 2.3 percent in 2010 from the previous year, to $49,445. That was 7 percent less than the peak of $53,252 in 1999.
The Perverse Incentives and Feedback of Financialization
The Neofeudal Colonization of Home Markets
Subsidizing a Parasitic Central State and Crony Capitalist Cartels
Resistance, Revolution, Liberation: A Model for Positive Change (print $25)
(Kindle eBook $9.95)
We are like passengers on the Titanic ten minutes after its fatal encounter with the iceberg: though our financial system seems unsinkable, its reliance on debt and financialization has already doomed it.We cannot know when the Central State and financial system will destabilize, we only know they will destabilize. We cannot know which of the State’s fast-rising debts and obligations will be renounced; we only know they will be renounced in one fashion or another.
The process of the unsustainable collapsing and a new, more sustainable model emerging is called revolution, and it combines cultural, technological, financial and political elements in a dynamic flux.History is not fixed; it is in our hands. We cannot await a remote future transition to transform our lives. Revolution begins with our internal understanding and reaches fruition in our coherently directed daily actions in the lived-in world.