Weekend Economists Pull Timmy Out of Well (and Throw Him Back In)May 30-June 1, 2014

[Demeter]

40. The Peasants Are About To Revolt And The 1% Is Already Plotting To Stop It

http://www.addictinginfo.org/2014/05/29/peasant-revolt/



The Guardian has a fascinating article about how the Masters of the Universe are starting to realize that screwing 99% of the Earth’s population will lead to a populist uprising. In other words, the peasants are about to revolt and the aristocracy is getting worried.

So will they amend their ways? Will they put a check on their enormous greed? Will they stop rigging the system and stealing millions billions trillions from the people that do all the work?

Hellllllll no!

Far from acknowledging the predatory and unequalising impact of neoliberal capitalism, the document shows that the inclusive capitalism project is concerned with PR to promote “a more nuanced view of society,” without which “there is a risk that… we will be led down a policy path of increased regulation and greater state control of institutions, businesses and the people at the heart of them, which will fatally cripple the very system that has been responsible for economic prosperity.”

The project is thus designed “to influence political and business opinion” and to target public opinion through a “media campaign that seeks to engage major outlets.”

By “nuanced”, of course, they mean “shovel copious amounts of bullshit.” Because if there’s one thing the rich despise more than anything else, it’s a well-informed populace capable of rationally discussing the issue of income inequality and corporate greed.

But the sentence really sums up the 1%’s resistance to government regulation is the one in bold above: “We will be led down a policy path of increased regulation and greater state control of institutions, businesses and the people at the heart of them, which will fatally cripple the very system that has been responsible for economic prosperity.” This is absolutely correct! Increased government control would fatally cripple that system. What the 1% neglects to mention is that the economic prosperity they’re so protective of only exists for them. More specifically, it only exists for them at the expense of everyone else.

Under the old system of tighter regulations and higher taxes, the rich still got richer but so did the people that provided the labor. Banks still made money but they couldn’t rob people blind or risk the entire economy. The 1% got rid of that system because they just weren’t getting richer fast enough. The current system lets them destroy the economy and still accumulate mass amounts of wealth in the process. What’s not to love about that? If you’re already rich, that is...

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