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dennyc
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The Rise of the Praetorian Class

- David Galland - Casey Resarch

Mr. Galland's comments and Mr. Kofod's analysis of the current political and economic situation in the United States are worthy efforts which do not, however, quite measure up to the realities which we find ourselves confronting on an almost daily basis. Almost, but not quite. I agree that a praetorian class has evolved. I agree that the political class has managed to insert its agendas into almost every aspect of our lives and most of their activities have had a profoundly negative impact on the way life and especially business has been traditionally conducted here in the USA. However, there are other considerations to ponder. Rome wasn't only brought down by military adventurism. Concentration of wealth and power hastened its decline. Like Sparta before it, Roman citizens were slowly locked out of participation in the Republic as wealth began concentrating in fewer and fewer hands. Why play the game if the rules do not include you? Mr. Galland also seems to forget that many businesses were eagerly jockeying to get in those QE lines and he also seems to forget that this nation hasn't had anything like a 'free' market in a long, long time. It's some kind of market these days, but WHAT kind of market escapes me. He absolves business by their exclusion from the political and praetorian groups. He mentions that lobbyists are a reality, but he doesn't mention who they represent and why they're at the Capitol waving fistfuls of cash at passing legislators (I've been told by someone who knows that Goldman and Morgan have ARMIES of lobbyists based in Washington D.C. That none of their employees have even been investigated for the mortgage backed security imbroglio proves something). While his observations concerning the looming police state are accurate; he simply forgets to mention the connection between politicos, politics (legislation) and business. Correct me if I'm wrong, but for every bit of legislation creating a new facet of the police state, there are equal or larger numbers of legislation affecting business and the current trends seem to indicate that small businesses are receiving a real hosing from the corporate backed politicos. Marx was correct in his prediction - wealth concentrates - period and in the process there will always be smoldering ruins of lives and businesses laying in the wake of the entities straining to combine forces - period. He seems to be making an attempt to keep it simple; yet it's not a simple state of affairs. There are long, long litanies of congress members accepting cash and other favors from business interests in order to produce more favorable conditions for LARGE businesses and the reality that no one seems to want to deal with is that the larger corporations like it this way. They're doing great! With our money. Talk about being on the government dole. How can markets be expected to function naturally in an environment like this? They can't. Impossible. Blaming it solely on government and the growing police state addresses only half of the problem. To correct mistakes, bad choices and imbalances one first has to admit they exist AND admit to their part in the situation. I detect some of the former but almost none of the latter. Investors are now fleeing equities in greater numbers. Obviously, they either know or sense something about to strike. Our system seems to be on the brink of something. What it is only time will tell, but the tragic side to this situation is that it will more than likely be a staggering surprise to most people. Good luck and hold on tight.

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Début de l'article :Much attention has been paid to the “disappearing middle class” and the “vanishing American Dream.” While the observations are largely accurate, they are also misleading. The traditional three-tier model of the upper, middle and lower class broadly categorizes people according to income and net worth. One significant problem with this model is that membership in any... Lire la suite

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