by Charles Hugh-Smith
So by all means, give attention to the inexorable rise of shares, cryptos and housing as “proof” of America’s hovering “wealth” whereas the social order unravels beneath our toes.
It’s a supremely tragic irony that whereas the company media ceaselessly touts America’s hovering monetary “wealth,” the nation’s true wealth–its social order–is quick unraveling. Whereas we’re inspired to cheer billionaires blowing a tiny sliver of their wealth on area tourism and $500 million yachts as proof of “prosperity,” our media and management (ahem) professes to being mystified by The Nice Resignation, recognized right here on Of Two Minds as The ‘Take This Job and Shove It’ Recession, and different unmistakable indicators of unraveling.
(This period’s anthem must be Johnny Paycheck’s timeless basic, Take This Job And Shove It 2:31).
In my evaluation, the social order is comprised of all of the intangible social parts which serve to bind a nation’s individuals past their authorized rights. The social order contains (however isn’t restricted to) social (upward) mobility–the ladder to advancing one’s company (management of 1’s life) and alternatives for improved safety and well-being.
The social order additionally contains civic advantage, the willingness to share the sacrifices of 1’s fellow residents for the widespread good in proportion to 1’s wealth and energy, and equal remedy earlier than the regulation, not simply as an abstraction however in the actual world of the judicial system.
The social order additionally contains the ethical legitimacy of the governance system: does the state (authorities) serve the citizenry, or is it the opposite means round?
Lastly, the social order manifests social cohesion, which is the capability for shared values and objective and widespread floor, all of which generate a priority for the well-being of different residents and a willingness to give attention to shared pursuits.
America has misplaced all of those parts, as self-interest is the one worth, objective and objective that guides habits, beginning on the high: how do politicians purchase fortunes in extra of $100 million (cough, Pelosi, cough)? Via public service? (Don’t bust a intestine laughing…) How do billionaires achieve further wealth so effortlessly (cough, Federal Reserve, cough)?
The rot begins on the high after which seeps down into each fiber of the nation’s financial, social and political orders. As famous right here beforehand, America is now an ethical cesspool, and “democracy” is merely the public-relations cowl for a neofeudal autocracy.
Behind each PR narrative lies the corruption of self-interest. How is it that day-traders now rabidly observe Pelosi’s inventory portfolio, and super-wealthy Federal Reserve “leaders” front-run the Fed’s insurance policies to additional enrich themselves whereas claiming the mantle of “public service”?
How does a toddler molester like Jeffrey Epstein find yourself entertaining Invoice Clinton, Invoice Gates, the Harvard elite, and a veritable who’s who of America’s rich and highly effective gamers?
The proof of irreversible social decay is in all places: street rage is now ubiquitous in plane and different social settings, widespread floor has vanished, and the willingness and even the capability to determine widespread pursuits has been pulverized by the supremacy of self-interest.
“Reform” is one other insider joke. Actual reform would possibly impinge on the wealth and energy of our self-interested elites, so what we’ve got as a substitute is simulacra of reform which solely add further friction to a system choking on bureaucratic sand within the gears.
Homeless encampments are actually simply one other accepted reflection of “hovering wealth and prosperity” in America, together with the declining prospects and wealth of the underside 80%. In case you fail to repeat the social gathering line with adequate enthusiasm, Huge Tech will ship you to the Digital Gulag.
The extra that politicians, Fed governors, insiders and billionaires bleat that they actually, actually care about commoners, the better the gulf between the truth of their self-interest and their laughably clear PR. Because the apologists, toadies, lackeys, factotums and apparatchiks frantically spew rah-rah PR in regards to the “restoration” (you imply we’re all addicts and are actually “recovering”?), the workforce is lastly awakening to the vacancy of the PR and the decay of America’s social order: the rewards of the economic system have flowed to 2 lessons, the Monetary Aristocracy, the highest 0.1% who now personal extra wealth than the underside 80% of American households, and speculators, from the front-running scammers on Wall Road to the daytraders playing their Pelosi portfolios.
So by all means, give attention to the inexorable rise of shares, cryptos and housing as “proof” of America’s hovering “wealth” whereas the social order unravels beneath our toes. Self-interest by no means had it so good.
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