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Plutocracy

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Derryl Hermanutz
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The Biblical Book of Revelation describes "Babylon the Great", which is a totally corrupt system luxuriating in extracted wealth and power and commodification of human beings like the globalized plutocratic empire of billionaires we see today.   Pettigrew was already calling America's system a plutocracy over 100 years ago, as he was losing his Senatorial battles against America's corporate-serving policies of empire building contrary to the spirit and the law of the American constitution.   In Revelation, Babylon and all who live in her system fall violently in a very short timeframe.   The advice given in Revelation is, "Come out of her my people, so that you do not share in her sins, so that you will not share in any of her plagues".  

 

I think that's good advice, because I don't think anyone can succeed in wresting control of this system from its current rulers, nor do I think anyone should try.   In "Plutocrats", Chrystia Freeland quotes robber baron Andrew Carnegie, and members of the new crop of billionaires, expressing their belief that they are "earning" their extreme wealth.   In fact they are "extracting" it, as all great personal wealth cannot be earned by individual effort but must be extracted from the efforts of many other contributors.   Bill Gates and Mark Zuckerberg, two of the modern billionaires, did not "personally" contrive to extract their billions from the world.   Their lawyers and investment bankers and lobbyists handled that bit of the business.   Today's great wealth is "corporate" wealth, after all, and a corporation is a collective effort of thousands of managers and employees and contractors working in common cause to enrich their corporation and themselves.   Adam Smith described this in 1776, and corporate motives haven't changed in the interim.

 

As long as the system of mass society provides opportunity to amass corporate scale wealth and power, self-serving people will just keep seizing control of the system's levers of power.   So I say the best bet for anti-corporatists is to simply fade out of their mass system and work towards building small scale local solutions.   Almost everybody in the world today except peasant farmers depends on the corporate production and transportation system for their necessities of life like food and electricity and heating fuels.   If that system crashes, then we lack the means to survive, especially if the system goes down in winter.   The grocery stores would be emptied on day one and with no fresh deliveries people would soon starve and civil order would break down.   Once we finish starving to death and slaughtering each other "the meek" peasant farmers who never got rich from Babylon and who don't depend on her could very well "inherit the Earth".  

 

So if the question is, "What would life be like without billionaires?" my answer is that it would be a reversion to more simple small scale society where there is little if any excess wealth to extract.   I don't think you can defeat the plutocrats and "redistribute" the fruits of corporate production by changing tax policy, because the plutocrats "are" the administrative top level of "government" and they're not going to willingly give up their privileges.   I think you have to abandon them and their system and make your own life outside their corporatized power structures.  

 

It is not hypocrisy to use what you need from the system, as it has pretty much already claimed ownership of all the economic resources that we need to survive, and you have already contributed to building up the world as it is.   And you don't have to drop out entirely.   Just start retaking responsibility for your own and your family's and your community's well being.   You don't have to wait for "the government" to solve your problems for you by fixing "the system".   The system will probably not get fixed, not in the ways that would benefit you.  

 

Small towns and rural areas are probably better than big cities for more independent living, but even transition towns within big city borders can function as "local" communities that generate some of their own solar or wind electricity, grow their own food and otherwise insulate themselves against failure of "the system".   At least some degree of self-sufficiency in providing the necessities of life for yourself, within a small community of like minded people, is a personal security issue.   Who knows, it might even be a more rewarding way of life than spending all your working hours chasing the almighty buck.

 

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I spent my working life as an independent small business owner/operator. My academic background is in philosophy and political economy. I began studying monetary systems and monetary history after the 1982 banking crash that was precipitated by (more...)
 

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