“In 2008, their economic worldview and unrestrained corruption precipitated a global economic crisis that literally caused, and is still causing, billions of people to suffer — in response, they quickly protected the plutocrats who caused the crisis while leaving the victimized masses to cope with the generational fallout. Even now, Western elites continue to proselytize markets and impose free trade and globalization without the slightest concern for the vast inequality and destruction of economic security those policies generate…
Corrupt elites always try to persuade people to continue to submit to their dominance in exchange for protection from forces that are even worse. That’s their game. But at some point, they themselves, and their prevailing order, become so destructive, so deceitful, so toxic, that their victims are willing to gamble that the alternatives will not be worse, or at least, they decide to embrace the satisfaction of spitting in the faces of those who have displayed nothing but contempt and condescension for them.”
Glenn Greenwald
“As their fundamental failures become more evident to all, these elites have lost credibility, influence, and the ability to dictate outcomes. The West’s establishment credibility is dying, and their influence is precipitously eroding— all deservedly so. The solution is not to subserviently cling to corrupt elite institutions out of fear of the alternatives. It is, instead, to help bury those institutions and their elite mavens and then fight for superior replacements.”
Glenn Greenwald
That about sums it up.
In Amerika’s case, the solution will be far worse than the current state of affairs. The FSA will be up in arms (literally), the fixed incomers (SS and disabled) will die off in droves and those still with some assets to live on will be bled to death.
No, the solution, unless carefully plotted out, including a sharp depression, default on the National Debt, do COMPLETELY away with a several dozen Federal Departments (DOE, DOH, DOEd, HUD, Et al) that pass rules the Federal Government was never empowered to do in the first place, let the banks who have gambled their capital away go belly up, eliminate the medical and pharma monopolies, refine the banking financial markets to include strict observation of Glass/Steagall, eliminate all the gambling, theft and shadowed games around “derivatives”, bets on VIX, et al and reduce the STOCK markets to what it used to be under the shade of the tree in Philly – sale of shares of working and producing companies and that’s all; unless this and more happens, the “solution” will be a continued decline into an inflationary anarchy.
Anarchy is not a fun way to live a long and healthy life. We may get back to brutal, dangerous and short as a normal life span. I hope not. I’m not through living yet and having too much fun!
Muck