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It is clear that whatever is going on in Egypt, it discomfits the degenerate, sociopathic trust fund babies of Wall St. in power today the way the French Revolution did the powdered wigged fops of Versailles and their ilk across Europe two hundred years.
However imperfect that and the revolutions that followed were, they swept away the last remains of feudalism and inherited political power, and gave us a degree of democracy but still hierarchy topped by a moneyed ruling class, still mostly inherited but fluid enough to accommodate a meritocracy (of sharp businessmen at least).
Unlike the feudal aristocracy that could largely sit on their asses for centuries and have a steady source of income from their tenant farmers, the newer ruling class had to be able to plan the efficient us of people, money, and materials in the span of months or years or lose it.
More people had to know how to read to be able to run the machines and keep the books of the factories, but that same ability made them ever more aware that those at the top were skimming more than a fair share, not just of profits but political power.
Fascism of the 20th century was that moneyed class's attempt to stop further evolution toward real democracy, and the Soviet and Chinese descent into totalitarianism must have led to a sigh of relief among those bankers and brokers bracing for society to take the next step and put them in their place.
The information age is inevitably going to change society radically again.
For most of the 20th century and even most of my forty some odd years, information came through a very range of sources: newspapers, printing presses, radio stations, and a handful of TV networks. The common denominator was that it took a good chunk of change to buy or build any of those, which limited free expression to those who could afford it. It also created the subtle belief in the rest of us of a meritocracy of opinions--if that person I disagree with got published or on TV, they must at least know more than me, have access to more information, and be uniquely talented as a communicator.
The internet has blown that to shit.
Not only through geometric increase in sources of information, but by destroying the illusion of a meritocracy of opinions. Anyone with half a brain who can spell Google can fact check a columnist or TV commentator and see when they are lying or glossing over important details. More importantly, bloggers who post their work for free often match and even exceed the depth of research and writing ability of paid pundits. I have noticed this even with newspaper columnists I agree with. This is especially glaring with TV talking heads, who, with some cable exceptions, appear to be parroting a handful of vapid talking points someone faxed them that morning,and repeating them ad nauseum. Would anyone bother to READ a blog as vapid as the Sunday morning news talk shows? If someone posted that inside the beltway wisdom to any discussion board without support of any kind, would it sway opinions or even be read?
By contrast, there are some writers I only know through their work online and I don't know if anyone pays them to do it--nor do I care. That makes the old meritocracy of opinions look more like a meritocracy of going to school with the right people, being invited to the right parties, and not ruffling the feathers too much of the person who has enough money to pay you to write for their paper or talk on their TV network.
I do not believe that anyone who writes for the New York Times is better or smarter than me. And after having a good long look at George W. Bush, I do not believe that the moneyed class hold onto power because they are smarter, harder working, or more moral.
This democratization of information is bound to lead to political revolutions as surely as the industrial revolution did, but probably with even more profound and lasting effects. Those with the most to lose seem to know this which is probably they are cashing in their chips, and trying to figure out how to wring every last penny out of the middle and working class they can while they can and squirreling it away to some tax haven or Third World country that doesn't allow extradition. They have even given up on investing in making things and delivering services in favor of ever more elaborate ponzi schemes and bubbles that destroy rather than build the real economy.
In the long run, it doesn't matter. They will be gone, and the world will belong to the rest of us. But what kind of political system can we build that fits the new freedom of information?
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