“This elite-generated social control maintains the status quo because the status quo benefits and validates those who created and sit atop it. People rise to prominence when they parrot the orthodoxy rather than critically analyze it. Intellectual regurgitation is prized over independent thought. Voices of the dispossessed, different, and un(formally)educated are neglected regardless of their morality, import, and validity.
Real change in politics or society cannot occur under the orthodoxy because if it did, it would threaten the legitimacy of the professional class and all of the systems that helped them achieve their status…
Even Alan Greenspan admits that neoclassical economics has flaws in theory and practice, yet it continues to be the dominant model at universities and in society. The faulty belief in the uber-rational, self-interested homo economicus probably persists mainly because it is a projection of the people who inhabit the privileged class.
Corporate externalization of costs are absorbed by society and forgotten when heralding the successes of industrialists and capitalists. Resource extraction and environmental degradation, which are part and parcel of production, consumption, and consequently, economic growth, are downplayed or ignored.”
Kristine Mattis, The Cult of the Professional Class
“I don’t think there’s any doubt that quantitative easing enabled the rich and the quick. It was a massive gift… I hope that we do indeed succeed in being able to say in the end the wealth effect was more evenly distributed. I doubt it.”
Richard Fisher, former Dallas Fed President
It has been a grand looting, a looting made legal, and oh so
profitable for the law makers by the law makers. We note
that the law makers are the elite owners, not the grunting
liars in Congress.
“Resource extraction and environmental degradation, which are part and parcel of production, consumption, and consequently, economic growth, are downplayed or ignored.”
This is the proverbial elephant in the living room, nobody wants to deal with. Including me. I see it, I am wed to the machine, unable to extract myself or my family. Consequently, I occasionally hope for a calamity that will bring us into or at least closer to balance.
“I occasionally hope for a calamity that will bring us into or at least closer to balance.”
Seek help before you snap and kill us all.