Trumpism and Modern American Feudalism
I found this conversation with Sam Vaknin very enlightening. He believes that there are only two economic systems in the world: Capitalism and Feudalism.
Vaknin says that Capitalism always deteriorates into some form of Feudalism as did Communist Russia, Nazi Germany and the
present day US.
Feudalism is defined by
*Enormous income inequality- 100 of the richest Americans own 50% of The World's wealth.
*Lack of upward mobility for the working class.
*Politics and the economy are controlled by Family Dynasties and there is glorification of those dynasties. IE" the Royals" and the
Trump family imitation of "The Royals"
* There is absence of inflation because prices are set by the elites.
* There is lack of geographical mobility.
* Anti-Globalization and anti Global trade sentiment is strong. IE: immigration policies, trade sanctions.
* Lack of rebellion by citizens, because people prefer safety and security to economic and social opportunity.