QUOTE OF THE DAY

“A credibility trap is a condition wherein the financial, political and informational functions of a society have been compromised by corruption and fraud, so that the leadership cannot effectively reform, or even honestly address, the problems of that system without impairing and implicating, at least incidentally, a broad swath of the power structure, including themselves.

The status quo tolerates the corruption and the fraud because they have profited at least indirectly from it, and would like to continue to do so. Even the impulse to reform within the power structure is susceptible to various forms of soft blackmail and coercion by the system that maintains and rewards.

And so a failed policy and its support system become self-sustaining, long after it is seen by objective observers to have failed. In its failure it is counterproductive, and an impediment to recovery in the real economy.

Admitting failure is not an option for the thought leaders who receive their power from that system. The continuity of the structural hierarchy must therefore be maintained at all costs, even to the point of becoming a painfully obvious, organized hypocrisy.”

Jesse, 18 September 2013

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2 Comments
Anonymous
Anonymous
April 23, 2020 7:17 pm

“even to the point of becoming a painfully obvious, organized hypocrisy.”

Too painful to be acknowledged by almost all Americans.

oldtimer505
oldtimer505
  Anonymous
May 7, 2020 10:54 am

It is hard to look in the mirror and in one way or another see the complete issue, isn’t it? Not easy having to admit that we are ‘all’ part of the problem and at the same time a possible solution. It is all so very circular, don’t you think?