Global capitalism can be summarized thusly: take from the poor, give to the rich. Robbing Peter to pay Paul. As Zerohedge points out, Republicans still believe in the "system", Democrats not so much. Mark that down to the power of exceptional brainwashing. Loyal defenders of the empty values. Recycling the exact same lies over and over again, each time expecting a different result. Now placing their fate in the hands of a known con man.
"50% of Republicans think the economy is fair to most Americans, but 82% of Democrats think it unfairly favors powerful interests."
BLS: Labor's Share Of The Economy Has Collapsed
"The labor share—the fraction of economic output that accrues to workers as compensation in exchange for their labor—was thought by some early-to-mid-20th-century economists to be relatively stable. Yet its decline during the second half of the 20th century and on into the early years of the 21st century has shown otherwise"
This collapse in labor's share of the economy is why I started blogging. After 9/11, corporate Shock Doctrine ravaged the U.S. economy, as real worker incomes were outsourced and replaced with debt. Instead of real prosperity, the American Dream was now based upon rented prosperity. After the housing crash, the bailout of financial malfeasance invited still more Shock Doctrine criminality. Each time, billionaires took a bigger chunk of the pie and lent it back to the masses. Debt has now been fully conflated with "wealth". Which is why a full decade later and financial prospects have not improved for the average American:
"More than a decade into the longest economic expansion on record, almost two-fifths of people said in a new Bankrate poll that their main financial priority was just keeping their heads above water on living expenses rather than saving money."
"This is the greatest economy in U.S. history"
Along with the empty promises come the empty values and empty way of life. Passed down to the children, merely to keep this morally bankrupt gong show going for a few years longer:
Continuous bailouts and tax cuts for the rich
Indentured servitude for everyone else
Debt as "GDP"
Printed money to inflate fake wealth
Non-stop lying to be "great again"
De-regulated corruption
Frat boys on the Supreme Court
Warehousing babies in cages
Rigging elections
Strip-mining social programs
Infotainment spectacle
Kardashian-emulated narcissism
Competitive consumption
Device addiction
Rampant obesity
Environmental desecration
Mass shootings
Biblical weather events
Opioid-assisted suicide
How did we get here? Bailouts for proven criminals and exceptional mythology, that's how.
Don't believe anyone who says the bailout was "paid back".
What has been paid so far is merely a down payment on what is owed for a belief in nothing. The carbon tax is due.
