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We’d rather risk societal collapse than face the sacrifices and challenges of revolutionizing our unsustainably neofeudal economy and broken gears of governance.

Let’s review how to select a town that the rich won’t ruin via gentrification / swarming in en masse and driving out locals who have to work for a living.

This is the direct consequence of the Federal Reserve’s decades of unprecedented stimulus: extremes of wealth and income inequality that gave the wealthiest households the means to bid up housing to the point it’s no longer affordable to the bottom 90%.

The whole point of democracy and free markets is to force competition on elites who are desperate to eliminate competition.

If you want to understand the neofeudal reality, study these charts.

In stock market news, toilet paper manufacturers continued rallying while tech and luxury-brand stocks continued their slide to decade lows.

It turns out society isn’t just the sum total of the Fed goosing “maximizing shareholder value.” People actually have to live in the corrupt, bifurcated, distorted ghetto the Fed and “maximizing shareholder value” have created.

The decay of social norms and status quo systems triggering an authoritarian tightening of the screws is a well-worn pattern throughout human history.

This is how bubbles collapse: the “vital few” 4% sell at whatever the market will bear, pushing prices down, and the 64% awaken to the rapidly narrowing window for locking in bubble capital gains.

This concentration of housing ownership by the wealthy is the direct result of Federal Reserve and federal policies that benefit the wealthy.

So hey, central bank cheerleaders, lackeys, toadies, apologists, apparatchiks and sycophants: no, the central banks aren’t going to “save” your precious asset bubbles from popping.

Unexpected things tend to happen when the real source of problems are papered over and then suddenly reality intrudes.

Isn’t AI just a shoddy facsimile of authentic expertise that “serves the state and the media” in a new theater of Spectacle?

After all, “they can always print more money.” That’s always the solution until it becomes the problem.

No nation clinging to the current “waste is growth / landfill economy” will survive the emergent global polycrisis.

Let’s dispense with human presidential candidates and conventions, and replace both the candidates and their supporters with idealized AI fabrications.

Economists and pundits steer well clear of the eventual social and political consequences of America’s entrenched neofeudal wealth-income inequality.

History suggests such a stratified society cannot endure as a democracy.
When we say “The Wealthy Are Not Like You and Me,” most people will assume we’re talking about
ultra-high-net-worth individuals (UHNWIs) with $30 million or more in assets or even the hyper-rich worth hundreds of millions or billionaires.