It’s Always About the Money

No, today is not about our “stable genius” who is neither.  Just as an aside, most of us know we are way smarter than he is (don’t equate being a successful salesman and crook with being smart, i.e. acquiring money) because we know we would never be smart enough for the job of president.  But that is again a sign of how we use the acquisition of wealth as a sign of intelligence and success.  Seeing and listening to most of the billionaires that back President DFF, their one identifying characteristic is not intelligence, but an outlook on life and facts through the lens of greed and selfishness.  Maybe a dash of lack of compassion for their fellow-man necessary to their greed and selfishness.

But I get side tracked.  Look at Iran today and the real root cause of the unrest there is their financial insecurity as their expectations have not matched reality (and the failure of many of their financial institutions).  What got them out in the streets is not the Bill of Rights, but money or the lack thereof.  What will get Americans into the streets and probably finally end President DFF’s reign will not be that he is destroying the Constitution or a danger to our national security, but when the economy turns south as it inevitably will.

Money has become the currency of freedom and choice.  Maybe it always has been.  Think about the roots of the economic inequality we see today.  Money equates power and that power provides the method to acquire more money and tilt the playing field in your direction. And you can never have enough.  Money in a capitalist society like ours is security.  And hence we measure everything from success to intelligence in terms of money.

One off shoot of that is how many (dumb) Americans feel confident in President DFF because we now have a “businessman” with the reins of government.  A Trump fool commented the other day to look at the job growth under trump.  The economy is humming and Wall Street has never been higher according to them as a measure of his success.  If that were measures of our feelings of security (and it is for the 1%) then Trump is all set for a second term.

But let me burst a few bubbles.  Let’s take on the businessman assumption first.  A successful business man makes money (see, the ultimate metric for success and intelligence) and increases the value of the company for shareholders.  He does it in a way that out does his competition, not work with them.  In fact, as we watch the big guys, they do things that try to stifle their rivals.  It is called microeconomics and monopolies.  But the country’s success is based upon how we do in the aggregate, all businesses, not just one or two big ones.  It is called macroeconomics.  A business person is one who is least equipped to understand and facilitate that.  The competition is the enemy in their little minds and you can see that in President DFF’s idea about winners and losers.

Second on job growth, all we are seeing is a continuation of the job growth curve that was established under Obama.  We seem to forget (clouded by the security of our money today) that Republicans wrecked the economy and under Obama, both the stock market rebounded in giant leaps, but employment under Obama actually rose faster than it is under Trump.  To say it another way, all the “great business man” has done is not upset the Wall Street apple cart yet.  And that is a big yet.

And on that Wall Street thing, yes, if you own stocks and your income is dividend driven, happy days are here again, but what of the workers?  Is that wealth flowing down?  Are wages rising at the same rate as profits?  We still use the wealth of Wall Street to measure our wellbeing when the reality for most working Americans is that it has no measurable effect.  Sure if it crashed there would be an impact, but the wild profit taking on the ballooning price of shares may just be a troubling sign that a correction is coming.  Some measure.

So the key to upending both the Republicans and Trump is about money.  When enough Americans feel the pinch, only then will they go to the streets.  They may say it is about our Constitution or our rights, but it is their feeling that they are losing their security (read money in our society) under these nitwits.  I don’t mean to demean the Women’s march because it really did give us hope.  I am simply saying that until enough Americans feel their security threatened through their financial security, nothing really changes.

Here is the problem with all that.  Economies grow and contract.  Cycles are the universal accepted norm in a capitalist society.  Our approach to smoothing out these so we don’t have the Great Depression or the recent Great Recession was regulation (Glass Segal) coupled with monetary policy (interest rates and the supply of money), and thanks to the great economist John Maynard Keynes, government spending when private enterprise has rolled up into a fetal ball.  The later one is almost dead because Republicans are loath to spend on anything except themselves (tax cuts).

But they still happen and they have little to do with who is in office, only how we try to respond to them.  Thus, we swing back and forth between Democratic or Republican control of our government seeking security meaning a roaring economy that serves us all.  Sadly, we are focusing on the wrong thing, money instead of security because we equate the two.  Note that both parties have become “the party of business” as though this will solve anything.  Republicans are the Party of the big businesses, and Democrats got lost in entrepreneur politics to save us.  It offered no solution for middle America except move and get and education, neither realistic for the middle aged industrial worker. And neither solution, Democratic or Republican will ever solve the underlying problem, real security in a capitalist world.

Think about it.  In recent history we careened from George H. Bush to Bill Clinton to George W. Bush to Barack Obama, and now to President DFF, and when you step back, none of them solved the underlying problem of security and a better life for our children.  Economic inequality just kept increasing. All the solutions proposed simply tinkered with the existing system that favors the wealthy, one more compassionate than the other, but still tied to the big banks and Wall Street as the measure of success.

There is a glimmer of hope.  Bernie got it.  It’s not about the money, it is about the security.  Many European countries get it. Sure capitalism is the engine of prosperity, but not uncontrolled.  Uncontrolled it damages everything around us while it produces money for the few. It is simply a tool and one of many.  Let capitalism be capitalism constrained only when it hurts us (economically, socially, or environmentally), but then more fairly share the profits toward building security and a better tomorrow.  That would be a guaranteed healthcare system, retirement system, safety net, and advanced education.  That would be infrastructure investments for our future that allows that constrained capitalism to grow and prosper, not for the few, but for all of us. That would be a government who invests in R&D, and takes science and data seriously.  That would be a complete rewiring of our economy.

Our economic system is presently wired to increase economic inequality, which then produces a distribution of power to affect that economic system unevenly in favor of those that have. The gross economic inequality we see today drives so many of our problems like unaffordable cities, politics controlled by money, stagnation of wages, and the lack of inertia to change the system.  Racism whose power to hurt comes from the economic disadvantages of those it is used against gets nullified.  It goes on and on.  Right now the Republicans, in their belief that fewer restrictions on a system already grossly unfair to us will work better for all of us, are in charge. See the latest tax bill and its consequences for who it really helps.

Soon the reckoning will occur and the Democrats will have the government again.  But if we fail to recognize that it is about security and how government can establish that baseline security for all of us, that levels the playing field where the truly exceptional can be exceptional, we will just keep pinging back and forth between parties while our future just gets dimmer and dimmer.  That is really what it is all about.  We don’t need to just throw out the Republicans in 2018, but to throw out those Democrats who are still too wedded to the old system.  Yeah, change, real change, is very, very hard.

Note: Republicans believe self-servingly that the best way to help everyone and grow the prosperity for all (that is not the same as growing the economy) is an unrestrained market place.  That is their whole flow down approach to the economy.  Make me rich you will be too.  It is also informed by the view of mankind where there is a level playing field out there so if you are suffering you deserve it.  Then throw in that they are basically fearful people, resist change, and underlying all of it is I got mine, fuck you (selfishness breed by fear), and you get a world viewed through lenses that filter out reality.  Of course it is hidden underneath hammocks for the poor and removing regulation and freeing the market place will make us all better off.

But the market place already operates by rules or their would not be a market place, just chaos.  And the important thing for you to note here is that those rules favor the wealthy.  So when you hear don’t regulate the market place, it is smoke and mirrors for don’t change the rules that favor me.  It really is that simple.

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