Diagnosing the American Disease

charles hugh smith-How the Middle Class Lifestyle Became Unaffordable

Wallerstein is one of the few who clearly understands the State’s role as enabler and
enforcer of monopolies and cartels.
High profit margins are most easily maintained
by persuading politicians to create/regulate quasi-monopolies and cartels.

The State has two core mandates: enforce quasi-monopolies and cartels
for private capital, and satisfy enough of the citizenry’s demands for
more benefits to maintain social stability.

If the State fails to maintain monopolistic cartels, profit margins plummet and
capital is unable to maintain its spending on investment and labor. Simply put,
the economy tanks as profits, investment and growth all stagnate.

If the State fails to satisfy enough of the citizenry’s demands, it risks social instability.

Which is a primary explanation for our current plight, in which the power of the state is nakedly for sale to the highest bidder as a means of crushing competition, while whatever is left over (borrowed, actually) is applied to pacifying the masses in two ways: bribes, and growing police powers in the emerging authoritarian police state.

Read the whole thing.  This is just a taste.

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About Bill Quick

I am a small-l libertarian. My primary concern is to increase individual liberty as much as possible in the face of statist efforts to restrict it from both the right and the left. If I had to sum up my beliefs as concisely as possible, I would say, "Stay out of my wallet and my bedroom," "your liberty stops at my nose," and "don't tread on me." I will believe that things are taking a turn for the better in America when married gays are able to, and do, maintain large arsenals of automatic weapons, and tax collectors are, and do, not.

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