Capitalism – Protect & Survive
Why we are where we are is simple. Increasing Income inequality, leading to increasing anger within society has lead to popularism & political instability. The politicians have done what Capitalism pays them to do, be the lightning rod and take the heat. The anger at the 1% doesn’t worry the 1% even 1% at the moment. They are happy that the usual tricks (identify scapegoat figure to hate, divide the masses into groups that blame each other) will work as they have done for centuries.
I argue that this is a fundamental misreading of the situation. This is not the place to discuss why the masses are a lot more cynical, well educated, well connected or insubordinate than ever before. Let’s just take the world around us as evidence that they are. This is the place to argue that the 1% and the rest of us have common cause in finding a solution. They need to vent the smoke before the whole genie bursts out of the bottle.
The 1% see the rest of humanity as cattle and I’ll go with that analogy for now. Their only focus is on how to feed the cattle less and less whilst earning more and more from them. Since 2008 they have ensured their own increasing wealth whilst reducing the real-term income of the majority in society. Unlike farmers who plan for a sustainable business they act without any thought for the future. There will always be more cows after all and hey, who cares how loudly they moo or how thin they are looking these days?
Capitalism may not eat itself but if it doesn’t allow the workers enough money to eat then it’s crossing the Rubicon. What happens when the people look beyond the firewall of politicians and start to camp on the lawns of the 1%? How much will it cost to buy them off (if you even can) when their anger has moved into mass direct-action? It is therefore in the self-interests of the 1% to change course and join the movement towards a living wage and increasing social equality. Pay off whatever it takes now to cool the anger of the post 2008 world - whilst they still can.
The 2020’s will be the decade where society rebels against Capitalism unless the 1% can do something completely alien to their nature - think about someone other than themselves. I appeal to their unlimited selfishness to think it through and realise it’s a small price to pay for maintaining the status quo.