The signs of decay are all around us and growing with each passing day. Only a blind man or full fledged delusional can't see them. After the fact, everyone will say that they knew "something was wrong". Yet, few people want to admit that the status quo will end during their lifetime because when it goes, it will take with it most of the toys, shopping sprees, and comfort-seeking lifestyle that they have grown addicted to. The implicit assumption of this corrupt era is that somehow printing money and borrowing future generations into oblivion will sustain the shopping spree until the economy floats back from China. Even at this late juncture the parlour game of the day is to discuss how all of this "will end", like it's some sort of secret. Unfortunately, this isn't a fucking mystery novel. The chances that this won't all end in violent economic collapse is the limit approaching zero. Pretending to know the impossible is the order of the day for the masses at large and our dunced frat-boy thought dealers.
Democratize the Economy - Supply is Demand
If nothing else, this entire era has proven that there is no point in having a democratic political system if the economy itself and all of its wealth is massively concentrated in the hands of a fraction of the population. Therefore, the economy itself needs to be democratized and decentralized from large multinationals back to smaller businesses led by individual entrepreneurs who have a meaningful stake in the growth of the economy. Via securitization, Wall Street's wealth concentration machine has systematically concentrated the wealth of the economy in the hands of fewer and fewer individuals. At the same time, it has given rise to the oligopolistic economy in which a small number of massive corporations have outsized influence over their respective markets. Contrary to modern economy theory, economies of scale haven't led to greater overall wealth, scale has merely concentrated wealth in fewer hands, leading to inevitable demand stagnation. Most working people have zero economic stake in the growth of the economy beyond having access to an ever-dwindling array of low paying low-skill jobs. Those (libertarians) who believe in "Say's" law (Supply is Demand), should be the first to acknowledge that turning the average wage earner into a low paid robot with no vested stake or upside in their own employer, was always going to lead to economic stagnation. And then of course there is the outsized influence of money in politics again concentrated in the hands of a few puppet masters, which I've railed about at length elsewhere. The bottom line is Wall Street needs to be extensively neutered. Its benefits to broader society have been vastly exaggerated - a lesson that was ignored after 2008. Suffice to say, this next lesson will be more convincing.
Pretending is for Kids