Debt Rattle July 4 2023

[D Benton Smith]

Why would any government in its right mind (or even in its wrong mind for that matter. So let me reword that question. Why would any government with any mind of any kind work to impoverish the people that it is stealing from? It just doesn’t seem to make common sense, or even criminal sense. Wouldn’t it by WAY self-servingly smarter and “better” to steal from rich folks?

Well, yeah, obviously it pays better to rob a rich guy than a poor guy, but rest assured. They are doing that, too. No big secret there.

But my point is that there is a VERY pragmatic and self-serving in creating a vast sea of desperately poor people whose lives exist on the teetering edge of total destruction. Among those ranks it is easy as hell to find and hire as many and as heartless of any kind of goon that is needed for any deed, no matter how dirty.

Need a hit man, a child killer, a bio-war criminal (I said heartless, not stupid) ? No problemo. There will be 10 applicants for every position. . . and for CHEAP.

[maryballon]

This essay by Fabio Vighi gives some insight as to why TPTB seem determined to steal from the poor.

Gradually, Then Suddenly? Crisis Capitalism and Its Disavowals

As the gap between real capital and fictitious credit widens, so does the potential for systemic collapse. At the same time, transnational capital has no other option except try to control the narratives that guarantee a continuous supply of credit. Here, then, is the paradox introduced at the start of the essay: for the credit chains to continue to stretch into the future, the real economy must be radically downsized. In order to survive its own devastating contradiction, hyper-financialized capitalism must limit and regulate real demand by turning the screw on the work society. In this kind of New Normal, the combination of impoverishment and revolt is met with mass-scale media manipulation, behavioral conditioning, and social engineering. Today, the ‘curious copulation’[ii] between science and capital brings about not only a fatal crisis of valorisation, but also the dematerialisation of the real as such, with codes and algorithms working as master signifiers for the ideological restructuring of social reality.

[Author]

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