|No Netters: Life without a net.|
And far from learning from this disaster, we've decided to make it worse by including housing, education, and now, with the food-stamps program, food, into the areas of life where, via Federal governmental largess, the necessities of life are put farther and farther out of reach of any but the wealthy few. Just as no one can hope to get through college now without a student loan that will beggar them for life, or buy a house without a federal subsidy in the form of interest rates below inflation, which is then deductible, which basically means its paid for by the underclass who will never own property, because it's impossible for them to save, given that they have to pay for your house instead, but that's OK, 'cause they'll never own stocks either, because the Fed, to keep those ridiculously low interest rates, in order for it to appear that housing values are rising in a deflating economy, is pumping billions of dollars a month, 85billion, to be exact, amounting to $1.2 trillion a year, into the stock market, albeit indirectly, to keep its valuation above its real worth as well. What this amounts to is, while other government finances go into sequestration, the Fed showers the rich with free money, that they have so little inclination to spend, they shove into the stock market to make a quick buck. The worse that can happen is that you lose money that magically appeared in your pocket in the first place.
And just as tuition and medical costs have skyrocketed out of reach of any without a loan or grant, or employer-based health insurance: No job? No health insurance (that's the modern State's mantra), now we've decided that same dynamic should be applied to housing and now food. Soon, without governmental assistance, you simply won't be able to eat, as food-stamps users develop the same psychology we saw made manifest during the Bush era, where no one cared how much their house cost, as it was going up, up, up anyway, and healthcare, well isn't the government paying (aren't YOU the government, in a Democracy?)?
And the Deloitte Center for Financial Services, publishers of the report on which the Business Times article was based, is wondering why no one is saving for retirement? Well, no, not really; in our new Uber Capitalism environmental Corporations may now be people, but they don't care about any other people, only themselves, and its the flow into their funds that they're concerned about, not anyone's well-being or retirement security. Under an Uber Capitalist regime, neither of those exist. Retirement funds are made available for the investment industry to skim their cream off of everyone's earnings, and leave them destitute Put it in stocks, you lose your capital when the market plummets, leave it in non-interest paying accounts, and it gets eaten alive by a raging inflation that supposedly doesn't exist, even as foodstamps, students loans, Fannie Mae, Freddy Mac, FHA, all using the same techniques that caused the richest investment banks in the history of the world to crash and burn, force the prices of more and more of the necessities of life skyhigh and out of reach.
As the automobile has proven, and computers and the internet are showing once again, once society pursues a technology into the realm of economic necessity, it is whatever makes that technology viable, not human existence, that becomes all-important, all-consuming. The War Department, which we coyly refer to as 'Defence', is a good instance of this. Even as it drags us into conflict all over the world, hoovering cash from the Treasury, engaged in Nation Building on an unprecedented scale, undertaken by the then President Bush who ran on the platform of, "We are not in the business of Nation -building" to spend more US tax-payer dollars, having cut the rate of those benefitting the most from Federal Largess, the Uber Rich. All with the known result of trashing the domestic economy. But it doesn't matter, the War Machine is so integral to the US economy that even as it tears it apart and allocates all of its resources to itself, gutting the very foundation for the weatlh it needs to exist, all in the name of a nameless Security State, it cannot be dismantled. Even if we wanted to ... which we don't ... it would be impossible to extricate our economy from its iron grip. And once one element becomes so intractable as to suck everything unto itself, the only alternative more benign forms of industry have is to try to do the same.
So instead of providing healthcare, the health idustry provides mega dollars to heathcare professionals and manufactureres of MRI equipment, and yes, that would be Asians, specifically Chinese. Defence that provides no security, merely makes more of the world's people want to do us harm; cars that provide no mobility, but alter the entire globe's weather patterns, putting at risk the food that makes us sick, leaving us fair game for a Healthcare industry that bleeds us more than a Medieval doctor; housing that we are urged to own, but will never manage to pay for, education that teaches nothing but conformity and shackles its students with intractable debt, all in preparation for a job that will never materialize, as better-educated workers from poorer eoconomies will be imported, and paid less, and accept that they'll receive no benefits, to take them.
In the Triumphalist euphoria following the dissolution of the Soviet Union, I shuddered as I watched the masses celebrate their 'victory' over the only system in the world that was forcing Capitalism to pretend to care about the lives of people. As long as a seemingly viable alternative existed, the facade was kept in place. But within a mere generation, everything I predicted about what the capitalists were really up to has been proven true as every aspect of life has been made more and more insecure, and fraud, usually called insurance, in some form or another, has taken over the entire economy. Capitalists are criminals. That has always been the case. They espouse Greed as their mantra: it's all that matters, and greed is, the last time I looked, listed among the deadly sins. For a nation of self-proclaimed Christians to heed the siren call of a bunch of criminals that 'greed is good', and never blink an eye, is to suggest that something very dark and murky is stirring in the hearts of those citizens. They are tacitly saying that they will commit any crime, go to any length, to have what they deserve (whatever that may be, most of us actually have no idea, as long as it's MORE).
In so doing, we have destroyed everything that actually has any real value. War is once again upon our doorstep, and a worldwide conflagration awaits only the lighting of that one ill-advised match. As we all stand poised with bated breath, let's hope the exhalation of it will be enough to blow that match out. But I wouldn't hold my breath.