“Here’s the ugly truth. For the last few decades, institutions, whether political parties, businesses, governments, and so on, have been able to profit from this breakdown. They have been able to grow at the expense of middle classes, by deconstructing social contracts (“offshoring”) and pursuing the lowest common denominator (“financialization”). What they have really been doing is extracting value from people, and giving it to shareholders — and this weakening themselves in the process. Think the mall brand that creates a fake persona, makes everything at the lowest cost, whether this year by barely legal children in Vietnam or next year Madagascar, invests almost nothing in design, people, creativity, all to squeeze out the last few pennies boosting its share price demands. Where is the real prosperity in this exercise? That is all a game, mostly done in this day and age to please hedge fund robots.
But now all that is changing. For the next few decades, the pendulum will swing the other way. Institutions that give the most — not take the most — will be those that prosper. Those that create real, enduring value, genuine wealth, lives worth living. Why? Because they will earn the trust, devotion, and admiration of the very people abandoned by their rivals. Institutions that really improve and transform people’s lives in this dismal age of breakdown are going to create something new, bright, and lasting from the rubble of yesterday’s shattered dream. And the bottom-dwellers digging around in the ruins? Well, they’re probably going to end up trapped in the darkness.
There is no avenue left for advocacy, grievances or redress in a system dominated by global corporations.
Phi Beta Iota: Actually, there are two avenues left. First, governments must declare debt jubilees or replace soverign debt with sovereign printed wealth. Second, local communities must start expropriating all land and property and excommunicating all absentee landlords — “rent” is no longer a viable concept. We must restore rural power over rural lands and structures and natural resources. This is easier than most might believe — but will be aided by armed militia loyal to the local community.