Sunday, May 2, 2010

Oligarchs and the New Feudalism

With the notion that taking on the big banks is taking on the 'heartland' (does that include the northeast and California ... or Nebraska?), Dodd and Corker have gone from "What's good for General Motors is good for America" to "Wall Street is America." Whether they believe that or not, they and many other members of Congress certainly know that Wall Street campaign dollars are good for them.

This fits with my own view that the US is not just becoming an all-but-constitutionally-enshrined oligarchy, but is in fact moving toward a new Feudalism. How many members of Congress 'inherited' seats from family — the number is growing. They serve Wall Street and a handful of other massive corporate interests (health insurers, big pharma, agrichem — industries that do, comparatively, remain markedly American, as opposed to, say, auto manufacturers).

The only group that has little or no say is that constitutionally given a say — the People.

The Oligarchs are further served by institutions of opinion and thought manipulation — chiefly the 'news' organizations and universities.

We the People lose what little grip we had on a decent standard of living under the constant aegis of a new security state emboldened by laws ostensibly designed for terrorism but largely used for purely domestic purposes.

Far-fetched? Watch and wonder.

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