Happy Monday. We have some good news: We’re in deep shite.
“The overwhelming consensus of the punditry across the political spectrum,” Charles Hugh Smith writes on his blog Of Two Minds, “is that ‘Nothing Good Can Come of This Election’ — and that’s a very good thing.”
More on why this is great news in a moment.
First, as you know, the “lesser of two evils” is set to rise to take the gilded throne. Whichever way the wind blows, though, it makes little difference.
The outcome will be the same either way: The majority of America will feel cheated, bamboozled, conned… fed up.
And they’ll have plenty of reasons to feel this way. Smith gives us five to chew on:
OK. So I know what you’re wondering…
Why, pray tell, is all of this good news? Because, says Smith, “ridding the nation of its political corruption requires hitting rock bottom.
“Just as an alcoholic or drug addict is incapable of making any truly positive changes until he/she hits absolute bottom, so it is with our tolerance of a corrupt political system that is poisoning the nation, one injection of corrupt cash, collusion and pay-to-play at a time. If our rotten-to-the-core politics as usual is indeed flying off the cliff to complete destruction, that is an unalloyed good.”
Moreover, America is receptive as ever to something new. And this is a tremendous opportunity for the “creative minority” — the small group of changemakers building new systems to creatively destroy (a la Schumpeter) the Old Guard.
“Never doubt,” anthropologist Margaret Mead once wrote, “that a small group of thoughtful, committed citizens can change the world; indeed, it’s the only thing that ever has.”
Yes, it’s good news that the American people are no longer comfortably numb. It’s good that they’re angry. It’s great that they’re sick and tired of being sick and tired.
It’s even better, as Smith raps about below, that the ruling Elite has lost the consent of the governed. The country’s ready for an overhaul.
And as you’ll see below, it doesn’t get any better than this.
Brimming with hubris and self-importance, the ruling Elite and mainstream media cannot believe they have lost the consent of the governed.
Every ruling Elite needs the consent of the governed: even autocracies, dictatorships and corporatocracies ultimately rule with the consent, however grudging, of the governed.
The American ruling Elite has lost the consent of the governed. This reality is being masked by the mainstream media, mouthpiece of the ruling class, which is ceaselessly promoting two false narratives:
Both of these assertions are false. The Great Divide in America is between the ruling Elite and the governed that the Elite has stripmined. The ruling Elite is privileged and protected, the governed are unprivileged and unprotected.
That’s the divide that counts and the divide that is finally becoming visible to the marginalized, unprivileged class of debt-serfs.
The “prosperity” of the 21st century has flowed solely to the ruling Elite and its army of technocrat toadies, factotums, flunkies, apparatchiks and apologists.The Elite’s army of technocrats and its media apologists have engineered and promoted an endless spew of ginned-up phony statistics (the super-low unemployment rate, etc.) to create the illusion of “growth” and “prosperity” that benefit everyone rather than just the top 5%.
The media is 100% committed to promoting these two false narratives because the jig is up once the bottom 95% wake up to the reality that the ruling Elite has been stripmining them for decades.
As I have tirelessly explained, the U.S. economy is not just neoliberal (the code word for maximizing private gain by any means available, including theft, fraud, embezzlement, political fixing, price-fixing, and so on). It is neofeudal, meaning that it is structurally an updated version of Medieval feudalism in which a top layer of financial-political nobility owns the engines of wealth and governs the marginalized debt-serfs who toil to pay student loans, auto loans, credit cards, mortgages and taxes — all of which benefit the financiers and political grifters.
The media is in a self-referential frenzy to convince us the decision of the century is between unrivaled political grifter Hillary Clinton and financier-cowboy Donald Trump.
Both belong to the privileged ruling Elite: both have access to cheap credit, insider information (information asymmetry) and political influence.
The cold truth is the ruling Elite has shredded the social contract by skimming the income/wealth of the unprivileged. The fake-“progressive” pandering apologists of the ruling Elite — Robert Reich, Paul Krugman and the rest of the Keynesian Cargo Cultists — turn a blind eye to the suppression of dissent and the looting the bottom 95% because they have cushy, protected positions as tenured faculty (or equivalent).
They cheerlead for more state-funded bread and circuses for the marginalized rather than demand an end to exploitive privileges of the sort they themselves enjoy.
Consider just three of the unsustainably costly broken systems that enrich the privileged Elite by stripmining the unprivileged: healthcare (a.k.a. Sickcare because sickness is profitable, prevention is unprofitable), higher education and Imperial over-reach (the National Security State and its partner the privately owned Military-Industrial Complex).
While the unprivileged and unprotected watch their healthcare premiums and co-pays soar year after year, the CEOs of various sickcare cartels skim off tens of millions of dollars annually in pay and stock options.
The system works great if you get a $20 million paycheck. If you get a 30% increase in monthly premiums for fewer actual healthcare services — the system is broken.
If you’re skimming $250,000 as under-assistant dean to the provost for student services (or equivalent) plus gold-plated benefits, higher education is working great.
If you’re a student burdened with tens of thousands of dollars in student loan debt who is receiving a low-quality, essentially worthless “education” from poorly paid graduate students (“adjuncts”) and a handful of online courses that you could get for free or for a low cost outside the university cartel — the system is broken.
If you exit the Pentagon, CIA, NSA, etc. at a cushy managerial rank with a fat pension and lifetime benefits and are hired at a fat salary the next day by a private “defense” contractor — the famous revolving door between a bloated state and a bloated defense industry — the system works great.
If you joined the Armed Forces to escape rural poverty and served at the point of the spear somewhere in the Imperial Project — your perspective may well be considerably different.
Unfortunately for the ruling Elite and their army of engorged enablers and apologists, they have already lost the consent of the governed. They have bamboozled, conned and misled the bottom 95% for decades, but their phony facade of political legitimacy and “the rising tide raises all boats” has cracked wide open, and the machinery of oppression, looting and propaganda is now visible to everyone who isn’t being paid to cover their eyes.
Brimming with hubris and self-importance, the ruling Elite and mainstream media cannot believe they have lost the consent of the governed. The disillusioned governed have not fully absorbed this epochal shift of the tides yet, either.
They are aware of their own disillusionment and their own declining financial security, but they have yet to grasp that they have, beneath the surface of everyday life, already withdrawn their consent from a self-serving, predatory, parasitic, greedy and ultimately self-destructive ruling Elite.
Charles Hugh Smith
Founder, Of Two Minds
The post Breaking Election News: “We’re in Deep Sh*t and It’s Great” appeared first on Laissez Faire.