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The 9.9 Percent Is the New American Aristocracy

By Feux Follets following x   2018 May 27, 4:18pm 366 views   15 comments   watch   sfw   quote     share    


The meritocratic class has mastered the old trick of consolidating wealth and passing privilege along at the expense of other people’s children.

We are not innocent bystanders to the growing concentration of wealth in our time. We are the principal accomplices in a process that is slowly strangling the economy, destabilizing American politics, and eroding democracy.

Our delusions of merit now prevent us from recognizing the nature of the problem that our emergence as a class represents. We tend to think that the victims of our success are just the people excluded from the club.

But history shows quite clearly that, in the kind of game we’re playing, everybody loses badly in the end.

2. The Discreet Charm of the 9.9 Percent

3. The Origin of a Species

4. The Privilege of an Education

5. The Invisible Hand of Government

6. The Gilded Zip Code

7. Our Blind Spot

8. The Politics of Resentment

9. How Aristocracies Fall

10. The Choice

As long as inequality rules, reason will be absent from our politics; without reason, none of our other issues can be solved. It’s a world-historical problem.

NOTE: It should be obvious this is a long article, video and graphs etc. included. Some degree of thought suggested...

https://www.theatlantic.com/magazine/archive/2018/06/the-birth-of-a-new-american-aristocracy/559130/

#Inequality #Socioeconomics #Demographics #Society #Aristocracy

1   HEYYOU   ignore (13)   2018 May 27, 5:10pm   ↑ like (0)   ↓ dislike (0)   quote        

the atlantic:"The class divide is already toxic, and is fast becoming unbridgeable. "

Nothing that the 2nd Amendment Solution can't solve. Thanks Donald.
How many times in history have there been revolts big & small because of money?
I know! I could look it up. But face to face is so much more real.
2   Quigley   ignore (0)   2018 May 27, 5:15pm   ↑ like (2)   ↓ dislike (0)   quote        

The Atlantic... what a terrible source.
3   BradK   ignore (0)   2018 May 27, 5:26pm   ↑ like (2)   ↓ dislike (0)   quote        

I'm currently trying to read through this unintentionally hilarious piece now, bit by bit. I keep the print version of The Atlantic in the throne room as I find it promotes movement of the bowels.

Quotes like "Economists are prudent creatures" are positively priceless.
4   Patrick   ignore (0)   2018 May 27, 5:33pm   ↑ like (5)   ↓ dislike (0)   quote        

The Donald himself is actually the personification of the resistance to the complete consolidation of all wealth.

I know he does not look like a savior of any kind, but he most certainly was elected to be the resistance and that is why he is so devoutly hated by the 9.9%, which of course includes essentially everyone in the media. This is why the media will not give him a millimeter, much less an inch of credit for any of his considerable accomplishments on behalf of the lower 90% so far.

Democracy is the only thing more powerful than the aristocracy. And so we should expect to be told by the media that we must do away with democracy.
6   Reality   ignore (5)   2018 May 27, 6:52pm   ↑ like (4)   ↓ dislike (0)   quote        

Both Aristocracy and Democracy can rise from the ashes; which one becoming ascendant depends on the military technology of the time: horse (the raising of which is expensive and takes a team of support) gave rise to Aristocracy, whereas pikes and guns gave rise to Democracy (or at least a Republic, in order to raise a citizen army).

What the Atlantic article refers to as "Meritocracy" has always produced shit-show, turning prosperity into man-made catastrophe, throughout human history. Why? Because those man-made templates of merit (test-scores, etc.) are deliberately designed to shield children form real market-place or battle-field challenges. The results are inevitably silliness, such as: SJW cry-babies trying to out virtual-signal each other, church-funded scholarstics dbating how many angles can dance at the tip of a pin, and government-funded "scientists" cooking up man-made global warming religion. The fundamental problem is that those artificially privileged idiots add negative value to society, as they were never promoted by the real market place or the real battle field. Those imbeciles eventually get wiped out either by the mobs or by a new crop of warlords.
7   Patrick   ignore (0)   2018 May 27, 10:44pm   ↑ like (4)   ↓ dislike (0)   quote        

At least the article is showing awareness of the nature of the problem: that the 9.9% dutifully served the 0.1% by exporting US manufacturing jobs to places where working class wages are far lower, and importing 20 million illegals to put even more downward pressure on wages for the poor.
8   Quigley   ignore (0)   2018 May 28, 5:59am   ↑ like (2)   ↓ dislike (0)   quote        

@reality
Another great post! I fully agree.
9   bob2356   ignore (1)   2018 May 28, 7:26am   ↑ like (0)   ↓ dislike (0)   quote        

Patrick says
Democracy is the only thing more powerful than the aristocracy. And so we should expect to be told by the media that we must do away with democracy.


Sorry patrick you can't have it both ways The media can't be a liberal commie socialist tool of big business deep state, and oligarchs. Even the most minimal amount of shallow thinking would serve to show how absurd the that meme is.
10   Strategist   ignore (1)   2018 May 28, 9:13am   ↑ like (0)   ↓ dislike (0)   quote        

Feux Follets says


If this was true we wouldn't have welfare, free schooling, and other social programs designed for the poor.
11   Quigley   ignore (0)   2018 May 28, 10:27am   ↑ like (1)   ↓ dislike (0)   quote        

bob2356 says
The media can't be a liberal commie socialist tool of big business deep state, and oligarchs


That’s a pretty strange assertion when the mainstream media so clearly is all of that. They don’t even dissemble about it anymore. Are you a shill?
12   LeonDurham   ignore (0)   2018 May 28, 12:44pm   ↑ like (0)   ↓ dislike (0)   quote        

Quigley says
bob2356 says
The media can't be a liberal commie socialist tool of big business deep state, and oligarchs


That’s a pretty strange assertion when the mainstream media so clearly is all of that. They don’t even dissemble about it anymore. Are you a shill?


You may want to look up the definition of commie and socialist. Hard to be both commie and pro-big business...
13   TwoScoopsOfWompWomp   ignore (2)   2018 May 28, 2:00pm   ↑ like (0)   ↓ dislike (0)   quote        

I wonder how much of our failed foreign policy was die to monotonous worldview of Georgetown IR grads who only looked at liberal internationalism
14   Quigley   ignore (0)   2018 May 28, 2:11pm   ↑ like (0)   ↓ dislike (0)   quote        

LeonDurham says
Hard to be both commie and pro-big business...


The Chinese manage it just fine, thank you very much!
15   marcus   ignore (1)   2018 May 28, 2:53pm   ↑ like (2)   ↓ dislike (0)   quote        

Patrick says
the 9.9% dutifully served the 0.1% by exporting US manufacturing jobs to places where working class wages are far lower, and importing 20 million illegals to put even more downward pressure on wages for the poor.


I see these very differently. As for the immigrants, that phenomenon goes way back and is supposedly way down in numbers in recent years, which is astonishing given the juice that Trump got out of his "lets build a wall !" Population growth is a requirement of our system built on economic GROWTH. Stabilizing the population means ending economic growth and consequences that would require possibly an entirely different economic system. So not stopping immigration from Mexico is just a status quo policy that was relatively unavoidable, and not a conspiracy of the 9.9% or the deep state.

As for the exporting of manufacturing ? That's globalization which is complicated, but again, the goal was not to hurt U.S. workers. I'm not defending it one way or the other. But our role in the world since WW2 has been as a leader and a fighter for capitalism and free trade being the best system for the world. Globalization has been a follow through on that. As for the question of what kind of global rules of cooperation between countries eventually come to exist ? That's still evolving. Are we right to want to play a leading role in how that evolves ? I think so. These things are not simple.




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