I have often used the words neoliberal, neocolonial and neofeudal to describe our socio-economic-political status quo. Here are my shorthand descriptions of each term: 1. Neoliberal: the commoditization / financialization of every asset, input (such as labor) and output of the economy; the…
I have long held that our economy is, stripped of propaganda, nothing but an updated version of feudalism, i.e. neofeudal: a vast class of precarious laborers (i.e. precariats–precarious proletariats) who own little to no wealth-producing capital ruled by a New…
In my latest interview with Max Keiser, Max asked a question of fundamental importance: (I paraphrase, as the interview has not yet been posted): now that the current iteration of capitalism has occupied every corner of the globe, where can…
When did our financial and political elites become self-serving parasites? Some will answer that elites have always been self-serving parasites; as tempting as it may be to offer a blanket denunciation of elites, this overlooks the eras in which elites…
In the original version of feudalism, peasants armed with pitchforks knew where to go for redress or regime change: the feudal lord’s castle on the hill. Though you won’t find this in conventional narratives of the Middle Ages, peasant revolts…
Real political representation must be bought, just like everything else in a market economy. Mike Swanson (Wall Street Window) and I were discussing the difference between the 1% who earn $360,000 annually and up and those in the Oligarchy class–the…
Eight of the nine classes are hidebound by backward-looking conventions, neofeudal and neocolonial arrangements and a spectrum of perverse incentives and false choices. My theme this week is the changing world of work. The goal of this week’s five-part look…
Eight of the nine classes are hidebound by backward-looking conventions, neofeudal and neocolonial arrangements and a spectrum of perverse incentives and false choices. My theme this week is the changing world of work. The goal of this week’s five-part look…
This Neofeudal structure is unstable by its very nature. I have often examined the Neofeudalist structure of the U.S. economic hierarchy, and the many social and financial fault lines running through this creaking structure. For example: America’s Nine Classes: The…
This Neofeudal structure is unstable by its very nature. I have often examined the Neofeudalist structure of the U.S. economic hierarchy, and the many social and financial fault lines running through this creaking structure. For example: America’s Nine Classes: The…
With the bankruptcy of Greece now undeniable, we’ve finally reached the endgame of the Neocolonial-Financialization Model. We all know how old-fashioned colonialism worked: the imperial power takes physical control of previously independent lands and declares its ownership of the region…
With the bankruptcy of Greece now undeniable, we’ve finally reached the endgame of the Neocolonial-Financialization Model. We all know how old-fashioned colonialism worked: the imperial power takes physical control of previously independent lands and declares its ownership of the region…
With the bankruptcy of Greece now undeniable, we’ve finally reached the endgame of the Neocolonial-Financialization Model. We all know how old-fashioned colonialism worked: the imperial power takes physical control of previously independent lands and declares its ownership of the region…
With the bankruptcy of Greece now undeniable, we’ve finally reached the endgame of the Neocolonial-Financialization Model. We all know how old-fashioned colonialism worked: the imperial power takes physical control of previously independent lands and declares its ownership of the region…