Correspondent Ron G. summarized a core reason why the status quo can no longer self-correct politically: the middle class has been so diminished, it has lost its essential function as a political counter-balance to the financial-political elites:
“The American economy and people are not being served by a government that was designed to be a Democratic Republic, whose architecture and balance of power depended on a property-owning middle class to be the countervailing force against Oligarchy; given the irreversible nature of the market and technology that contributed to the decline of the US middle class, (globalization, automation and AI), it is apparent that we will stay on this downward track of the middle class for the immediate future, and therefore more disparity, dispossession, and coercion will be needed to maintain control, and to me this means a future of intimidation, censorship and continued involuntary servitude.”
Charles Hugh Smith
April 4, 2017
You may have seen these charts before, but they tell the story of a middle class in decline.
For any system to endure, it must maintain a built-in capacity to self-correct: that is, it must generate accurate informational feedback about dangerous asymmetries and auto-correct with behavioral feedback.
This is true of ecosystems and enterprises as well as political/social systems.
Human systems can lose the ability to self-correct in three basic ways.
1. The information feedback is no longer accurate because self-serving interests manipulate the data to maintain whatever narrative/data-flow supports their power, wealth and income.
2. Self-serving interests limit any behavioral feedback that threatens their power, wealth and income.
3. Those in positions of responsibility who are tasked with managing behavioral feedback are no longer accountable, so the needed behavioral feedback fails.
Self-serving interests committed to protecting their power, wealth…
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