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Posted on 3-8-11 Monocracy Hangs On
By AM, 3 August 2011
Since the 1970s, the last peak in human-voting power, democracy has been
taken over by monocracy, money-voting power. Monocracy has taken some
pretty big hits since Black September 2008 but the following recent events
show that it is hanging on.
1. The Obama Administration in the USA will continue to demand that the
capital-poor pay for the capital-rich
2. The UK Government, buoyed by Obama, will extend its programmes of
government cuts and support for the financiers
3. The EU will continue to bail-out its member states/banks/corporates by
accelerating state spending cuts and the fire-sale of state assets
4. The New Zealand and Australian Governments will continue to borrow
foreign private finance to support the domestic and international
capital-rich and will refuse to use state-bank internal money creation in
support of employment and asset building for the capital-poor.
The only question is, how much longer 1. to 4. can be maintained before
there is a `Western Winter', ie., violent protest by the world's fastest
growing class, The Indignanti.
....................................
Update, 9 August 2011
Have just looked at the Guardian. Predicted violent response in `The West'
but not within 6 days.
The rioting in the UK is bad, and entirely predictable, as I did in this
pl.net article posted over a week ago but take no comfort/credit from
that.
Financialism, Monetarism, Capitalism... whatever the name it smells just
as bad and like all empires will end in tears. Knowing that we who are in
the middle of the fall need to think and act intelligently to survive. My
thinking is along the lines of:
1, get serious about survival without panic, ie., prepare self-standing
psychological reserves that do not rely on a `return to normal', because
there is no going back we must
2, lay in physical reserves for a possible long and period of
self-reliance but
3, maintain and strengthen existing family/social networks knowing that
4, in hard times even small goods assume great importance
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