Regimes that are losing public support always make the same mistake: rather than fix the source of the loss of public trust–the few enriching themselves at the expense of the many– the regime reckons the problem is dissent: if we suppress all dissent, then everyone will accept their diminishing lot in life and the elites can continue on their merry way.
What the regimes don’t understand is dissent is the immune system of society: suppressing dissent doesn’t just get rid of pesky political protesters and conspiracy theorists; it also gets rid of the innovations and solutions society needs to adapt to changing conditions. Suppressing dissent dooms the society to sclerosis, decline and collapse.
Dissent is the relief valve: shut it down and the pressure builds to the point that the system explodes. Regimes that no longer tolerate anything but the party line fall in one of two ways: 1) the pressure builds and the masses revolt, tearing the elite from power or 2) the masses opt-out and stop working to support the regime, so the regime slowly starves and then implodes.
If we had to choose one “big picture” reason why the vast majority of households are losing ground, it would be: the costs of essentials are spiraling out of control. I’ve often covered the dynamics of stagnating income for the bottom 90%, and real-world inflation, i.e. a decline in purchasing power.
But neither of these dynamics fully describes the relentless upward spiral of the cost basis of our economy, that is, the cost of big-ticket essentials: housing, education and healthcare.
The costs of education are spiraling out of control, stripping households of income as an entire generation is transformed into debt-serfs by student loan debt. The soaring costs of healthcare are a core driver of higher costs in the education complex (and government in general), and to cover these higher costs, counties raise property taxes, which add additional cost burdens to households and enterprises as rents rise.
We all know what Plan B is: our pre-planned response to the emergence of risk. Plan B is for risks that can be anticipated, regular but unpredictable events such tornadoes, earthquakes, hurricanes, etc. In the human sphere, risks that can be anticipated include temporary loss of a job, stock market down turns, recession, disruption of energy supplies, etc.
Hidden in most Plan B’s are a host of assumptions that all the systems running in the background pf the economy will remain stable. Even if electrical and cell-phone service go down, for example, we assume the outage will be temporary. We assume delivery of energy and food will resume shortly, we assume medical care will be available somewhere nearby, roadways will soon be cleared and so on.
In other words, we assume emergencies will be short-lived and that these non-linear events will leave the rest of our social and economic orders as fully intact linear systems, that is, predictable because the outputs (results) will continue to be proportional to the inputs.
You’ve probably heard of the Truth Commissions held in disastrously corrupt and oppressive regimes after the sociopath/kleptocrat Oligarchs are deposed. The goal is not revenge, as well-deserved as that might be; the goal is national reconciliation via the only possible path to healing: name names and tell the plain, unadorned truth, stripped of self-serving artifice, spin, propaganda and PR.
Is such a stripped-of-spin truthful account of names and events even possible in the U.S.? Sadly, there is precious little evidence that a Truth Commission in the U.S. would be anything more than a travesty of a mockery of a sham, a parade of half-truths, misdirections, falsehoods and fabrications, all aimed at one goal: protecting the powerful from the consequences of their decisions and actions.
Sadly, we’ve lost the capacity to simply tell the truth: everything, and I mean everything, is crafted to protect the guilty, polish the putrid decay of legalized looting, defraud the unwary, ease the most venal, power-mad sociopaths into positions of unparalleled power, sell low-quality goods and services nobody needs or would even want if the marketing weren’t so Orwellian, persuade debt-serfs to borrow more and bamboozle voters into further enriching the few at the expense of the many.
In this episode of the Keiser Report, Max and Stacy discuss the toxic consequences of shipping plastic to be recycled. The latest reports from Indonesia show that plastic waste exports to the nation has caused dioxin pollution as high as that near the notorious Agent Orange hotspot in Bien Hoa, Vietnam, which is considered one of the most dioxin-contaminated locations on Earth. In the second half, Max interviews debt campaigner, Joel Benjamin, about the latest on the toxic debt in the UK where local councils are paying an 80% penalty to get out of onerous LOBO loans from the taxpayer-owned Royal Bank of Scotland. They also discuss the ongoing scandal of the dangerous cheap cladding covering many buildings in the UK.