Corporations are the greatest wealth generators in human history. They have made everyone’s lives in the industrialized world, much, much richer, compared to a hundred years ago. Banks also are absolutely essential to human progress, economic progress. However, like all economic things, banks and corporations are subject to Pareto Distributions…..and that’s bad news, for capitalism. It’s not just, that people can be selfish and greedy. Of course that’s true. It’s far worse than that. It’s structural. It’s embedded in the nature of hierarchical structures. Listen to Jordan Peterson, below. This is the conclusion I came to: Due to the Pareto Effect, a few corporations, a few banks, a few people in those banks and corporations, they get most of the financial benefit from the creation of banks and corporations…while most people get little.
And that’s a real dilemma for human beings: The most amazing human social inventions, corporations and banks, have a very negative downside. What happens is that banks and corporations and the financial elite have so much power in this arrangement, this starts a trend of them buying and controlling government decisions…and this is de-stabilizing capitalism, as the peasants and economic serfs have figured out, the social and economic order, is not for their interests.
Due to the Pareto Effect, capitalism has a pretty severe Achilles Heel.
Money gets concentrated, due to naturally occurring economic principles. Then, all social and economic policy is written, just for those 1%. It’s happening everywhere. It doesn’t matter if the government is left wing, or right wing. Governments get bought and sold, by the elite…especially banksters. Eventually the common horde of humanity figures out: democracy is a fraud. Governments serve the financial interests of the elite, not ordinary people. That’s why for decades, the elites in America, shipped jobs overseas, effectively de-industrializing middle America, destroying the American middle class. The elites didn’t care what happened to people, not of their class. That’s why Donald Trump rose to power. Charles Murray wrote a book called Coming Apart. It’s about how America is fragmenting into classes, based on education and intelligence. No doubt the same thing is happening in Europe. The elite marry and procreate with others in the elite. So what happens in time is what Paul Joseph Watson talks about: the elite come to despise the working class. They have nothing in common with them. At that point, the elite see no point in sticking up for the political and economic interests of their underlings in the middle and lower classes.
That’s why Europe is politically unstable. That’s why both Republican elites and Democrat elites supported globalism, supported destroying the American middle class, by letting in, tens of millions of Mexicans, which drove down labor prices for the middle class. That’s why elites in both parties put in legislation which started building up China, while tearing down the American middle class. When labor got globalized, the elites got to hire Chinese and Mexican workers at a fraction of the cost, of hiring an American. So they did so, effectively killing the American middle class. Paul Ryan or Mitt Romney were no better than the Clintons or Obama, in that regard: both groups simply lost interest in maintaining the economic fortunes of their fellow Americans, who they had so very little in common with. And this sort of neglectful, blind cruelty eventually is rebounding, in economic nationalism. That’s why left wing people and right wing people are embracing populism: it’s an effort to take back political and economic control from the elite, who have spent decades, screwing them over. This is happening everywhere and eventually destabilizes capitalism itself.
Follow the money.
So, in short, the Pareto Effect brings all the money to a few people, who make all the laws, this separates the social classes and the middle and lower classes get screwed.
Capitalism has a fatal flaw….and it starts with naturally occurring tendencies, for wealth and power to concentrate…..The Pareto Effect.
But it gets even worse:
Naturally occurring biological variations among humans, plays into this. Because Ashkenazim Jewish Europeans have high IQ’s, especially for numbers and language, they are disproportionately over-represented among the financial elite…and the media elite. So slow witted people jump to the erroneous conclusion, that there is some sort of “Jewish conspiracy” afoot here. Nonsense.
And all of these facts, lead to this:
What to do about it? I don’t know, communism sure as hell doesn’t work, but we have to re-think corporations, re-think banking, re-think many things…and come up with new and better answers, for people…so we can all have better lives. We need to stop the rich from buying the government. We need to Make France Great Again.
We need answers. We need potential solutions. We need reform, to capitalism itself. Here is my brief stab, at that question