Tuesday, September 24, 2013

The scent of fresh Lenin


The way the class issues in America are coming up - food stamps, one percent, 47 percent, etc.  - sooner or later, seems to me, will coalesce not with the old Marxism we knew, but with what really may be an inescapable fact.  We and the Chinese and the other smart econo/socio/politico engineers are putting together societies with a huge, increasing gap in income and wealth.  It may be forever.  It may be inescapable. We all get the idea that free unregulated markets are a good way to balance supply and demand.   But are they a good way to balance wealth?  All the evidence says no.

Sooner of later we have to face the fact that there will be many more people than jobs, jobs that are worth a damn with incomes that are enough to raise and educate children and put away enough to create an annuity that will enable old people to live well.  Walk around in America.  Ask the working guys you know in their fifties and sixties if they are really going to accumulate enough money to do anything but work until they drop. And that's the middle class.  The poor folks will just look for handouts.

That's a really big failure, and I think it's coming everywhere, over the next few decades.  The way these things have been addressed in the past have always been through the Four Horsemen.  Are they the only ways out?

Seems bleak, I know, and I'm a basically pretty cheerful dude, but I really can't solve this one.  If this is how America looks, what about the rest of the world?  Asia's markets seem to be based on the US Federal Reserve System.  What?  Don't they have their own central banks?  Is it all here, all dependent on Harvard and Chicago grads?

 Trouble, my friends, trouble.  Right here in River City.

1 comment:

Steve said...

Hi Michael,

My pops shared your blog with me and this is the first post I've read. I voted first for COOL as a guest, because I love your voice that comes through in this writing. Then I signed in and voted CREEPY, because what you are writing about is indeed troublesome.

Looking forward to reading further! Dad tells me you're a very busy fella so I admire you actually making time to put your thoughts into words. I've gotta start that up again.

Steve