We could write more articles on the latest scandal, the outrage du jour, or the capricious speculative flows throughout the capital markets, but something much more elementary and fundamental should be addressed: that very substrate upon which Capital subsists.
When Capitalism(Predators) Runs out of Suckers(Prey)
To win a capital gain necessarily requires a winner and a loser.
For those who say that is not the case, they fail to consider the possible winners who now no longer can win.
Why Capitalism Reigned Supreme for so Long…
Till very recently, Capitalism could be regarded as a Benevolent force, pushing more competent men into power, forcing merit to be rewarded, and reducing the influence of arbitrary and wanton rule by imposing a dispassionate, self-regulating “market” philosophy on the world.
This meant the world needed no God or gods, and that philosophers, men of culture, and artists of great and sublime works became not only irrelevant, but impediments to the “men of the future”.
Despite this loss, Capitalism and Materialism meant that inept aristocrats and corrupt theocrats, who often caused unimaginable harm to their own people, were effortlessly carried away not by a superior sublime metaphysics, but by the crushing dialectic that the Materialists brought with them and their monotonically-increasing production forecasts and wealth indices.
We no longer needed to argue about theology or deep ideas: whoever failed to maximize the slope on the chart was wrong. Arguing about ethics or fighting over religion made no sense and everyone was wrong, in the end: all that mattered was maximizing the slope on the damn chart!
However, when the suckers run dry and the charts start to flatten-out, then Capitalism, and its uncle, Materialism, themselves become moot.
Where Do Suckers Come From, Or Capitalism’s Free Ride
Ever wonder how Amazon could fail as a company, overnight?
Simple: if every American began robbing his neighbor’s doorstep, the Amazon business model would fail.
This means that Amazon, a global beheamoth, depends on the simple American resident’s sense of decency to not rob his neighbor doorstep.
When Bezos launches his spaceships, it is thanks to the simple American peasant who was raised to not steal.
Notably, this is not a common ethic in the third world.
Capitalism Gives Production but Displaces Soul
Our simple American who does not rob his neighbor’s Amazon packages depends on his Soul, not just simple fear, to direct his subconscious and his decisions.
That the third world has wanton violence and theft leaves little room for the argument that terror suffices to eliminate crime.
Civility is an expression of Spirit and husbanded by Leaders within the given community.
Spiritual Collapse and End of Simple Americans
America’s spiritual crisis will soon manifest as an economic one.
The drug epidemic reflects the reality of American society.
The wealthy do not care.
If the wealthy did care, they would have already stopped the decline.
Some of them actively foster the rot, while others think they simply are along for the ride.
Materialism, Capitalism, & The Generation Gap
Many of the older generation, especially the wealthier older generation, simply want to perpetuate, at any cost, the existing system.
They see any potential revolution, let alone reform, as an existential threat.
That they prove obscenely selfish towards their own children and grandchildren escapes their blinkered cosmology.
How the Elite Could Save America (& Why They Won’t)
The United States is in a death-spiral.
The men who could save this country would rather patronize resorts, summer homes, and country clubs than invest an hour of their time auditing or leading local government.
Despite temptations to the contrary, America is like every other society: the rot always begins locally. An active and responsible elite could still save this country.
However, our surveys indicate that this elite believe they are entitled to a comfortable retirement in luxury, and their children believe (justifiably) that Public Service is only for losers, suckers, or cronies.
How This Ends: Too Little, Too Late
The elite of the US depend solely on the capital markets for its survival, whether directly or indirectly.
The coming political crisis, a variant of which we have never seen in our lifetimes (if born after 1865), will crush the capital markets and end the lifestyles and comfort of our elite.
Only after seeing the retirement cut short and chaos erupt will the heretofore elite emerge from their bunkers and luxury condos and demand answers for the collapse.
The problem, though, is that no one will care or listen to them: it will be too late.
When the People Awaken, They May Relish Their Destructive Power
Americans are becoming restless and more anxious than ever, but they have yet to really feel their power.
Soon, Americans will understand that by simply behaving very badly, they sabotage the fortunes of their betters.
Already, people on the margins are losing their minds in the commons and damaging social stability.
When the average man considers his own outrageous behavior as the only way to blackmail a callous and indifferent ruling class, you have a serious problem.
Unfortunately, unscrupulous men with schemes could harvest this anger to propel themselves into a new albeit less glamorous and “meritocratic” elite.
In fact, this is essential politics, and that is why Leadership is more important than ever.
How History Will View our Elite
Many people, when they read about the Holocaust, ask themselves, “How were those Jews so naive that the Germans wouldn’t kill them?”
Likewise, “How did those rich & aristocratic Russians not realize their time was up?”
Yes, our elite’s easily averted fall will be regarded with the same curiousity.