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What's shocking as someone who is well know to rant about the inevitability of capital accumulation, and the acceleration of that process once wealth captures g
by aaroninsf 3y ago
What's shocking as someone who is well know to rant about the inevitability of capital accumulation, and the acceleration of that process once wealth captures governance—something that happened many many decades ago in the US—is that this would surprise anyone.
For the 1%, or if you prefer, for those classes which have seized and all but exclusively retain control over not just wealth but power, this is of course "bug not feature."
The social ills and crises of contemporary democracy are entirely, directly, obviously even, traceable to the consequences of this tendancy and its execution.
Lest anyone in the 1% (or, more likely for the readership here, the precariate 10%) take solace in being in the narrow pool of "winners" of this system,
we are now experiencing the all but inevitable dis-equilibrium resulting from the fact that this accumulation has no check, no retarding feedback.
The end state is single-state autocratic kleptocracy,
troubled be deep and permanent social unrest and all but ubiquitious disaffectation and dis-ease and hence violence, mostly incorrectly targeted at fellow victims of the system.
This is a hell-state and hell-scape we do not deserve.
Yet here we are.
Billionaires and their corporate proxies should be ALIGNED.