Cut the Chains of Financial Serfdom
Ours is a neofeudal economy of financial serfs in servitude to a Financial Aristocracy.
The Financial Nobility/Aristocracy own all the debt and the serfs owe the debt to the Aristocracy. The serfs own assets that don’t generate much income, the Aristocracy owns assets that generate trillions of dollars in income.
The serfs pay high tax rates if they make above-poverty wages, the Financial Nobility pay low taxes thanks to tax-avoidance scams arranged by the Aristocracy’s toadies and lackeys in the Central State. The serfs create value, the Financial Nobility is parasitic.
That we are powerless is one of the key social control myths constantly promoted by the Status Quo. What better way to keep the serfs passive than to reinforce a belief in their powerlessness against Financial Feudalism?
But we are not powerless. Our complicity gives the Financial Aristocracy its power. Remove our complicity and the Aristocracy implodes.
The pathway of liberation is to opt out of financial feudalism. Here are 12 paths any adult can legally pursue in the course of their daily lives:
Identity and social status are established in the non-market economy by collaboration, sharing, reciprocity, conviviality and generosity.
Decentralized means localized; farmers markets are examples of local market economies where the transactions are in cash (so banks can’t skim transactions fees) and the money stays in the local economy rather than flowing to some distant concentration of capital.
If you start valuing non-market assets and experiences as the most important markers of status, you are resisting both financialization and consumerism.
Top-down centralized “solutions” imposed by the Central State are the problem, not the solution, as they further the concentration of wealth and power into unstable monocultures. Stop looking to overly complex fake reforms and centralized solutions to unsustainable systems.
Start exploring decentralized, localized solutions that bypass both the Central State and the Financial Aristocracy.
Stop Playing the Game
As the finances of local governments implode under the weight of their protected fiefdoms, many are heeding the siren song of financialization as a temporary (and inevitably disastrous) “fix” to their structural insolvency.
For example, the revenue stream from parking meters is financialized into an asset that is sold to a private corporation. When parking fees double, the residents of the city have no recourse via democracy or petition, as the meters in their city are now “owned” by a distant concentration of capital that can double late fees, charge outrageous transaction costs, etc., at will.
This is how financialization inevitably transitions into financial tyranny.
The erosion of America’s middle-class security has several structural causes, but chief among them was the financialization of the housing market. This has led to serial bubbles of housing valuations and the widespread extraction of equity for consumption – the classic “windfall” that financialization always produces in its first toxic blush.
Reliance on the State weakens the correlation between sustained effort and gain, so the work ethic and entrepreneurism both atrophy as they no longer offer competitive advantages in a system where bread and circuses are guaranteed by the State.
Security flows from resilience, self-reliance, decentralized, diversified sources of income and abundant social capital, not speculation fueled by Fed policies and Wall Street.
Stop eroding your health and sending your money to corporate headquarters by no longer frequenting fast-food restaurants and by no longer buying unhealthy packaged foods from corporate agribusiness.
Close your accounts with Wall Street investment firms and the “too big to fail” banks that dominate the mortgage, credit and debt markets in the U.S. If you need such an account to transact your business, maintain low balances so the banks cannot sweep your capital for their own use every day.
Get out of Debt
Stop judging people based on their lack of status signifiers. Free your own mind from the toxic sociopathology of consumerism and social defeat. Stop watching commercial television and streaming corporate distractions and minimize your exposure to marketing and consumerist propaganda.
Vote Against the Plutocracy
Avoid voting for either the Demopublican or Republicrat branches of the plutocracy; vote for an independent or third-party candidate.
Remember that resistance isn’t just about refusing to participate in pathological neofeudalism; it’s about establishing a sustainable alternative to the unsustainable State-Aristocracy partnership.
When people say that voting for a third-party candidate is “wasting your vote,” reply that voting for either of the plutocrat parties is the real waste of a vote because their “leadership” is dooming the nation to destabilization and insolvency.
As independents pick up more and more “wasted” votes, they shift from being “marginalized” to becoming powerful voices of integrity and transparency.
Take Control of Your Life
Devote your energy and time to mastery, new skills, developing social capital and friendships, projects you own and enterprises that benefit your true self-interest. Refuse to follow the marketing/media siren song into chronic ill health, social-media addiction and social defeat.
Just because nobody talks about neofeudalism doesn’t mean it’s not real.
At readers' request, I've prepared a biography. I am not confident this is the right length or has the desired information; the whole project veers uncomfortably close to PR. On the other hand, who wants to read a boring bio? I am reminded of the "Peanuts" comic character Lucy, who once issued this terse biographical summary: "A man was born, he lived, he died." All undoubtedly true, but somewhat lacking in narrative.
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