Our Financial System Is Optimized for Sociopaths and Exploitation – Silver Doctors

Let’s name this monetary system what it truly is: the MetaPerverse, a conjured world of self-serving cons…

 by Charles Hugh Smith by way of Of Two Minds

Let’s name this monetary system what it truly is: the MetaPerverse, a conjured world of self-serving cons.

We reside in a peculiar juncture of historical past during which reality has been banished as a menace to the maximization of personal achieve, i.e. the hyper-pursuit of self-interest.Proof that helps a causal chain has been changed by cherry-picked information that helps a self-serving narrative: each the proof and narrative are manufactured to serve the pursuits of the few on the expense of the numerous.

On this juncture of historical past, proof is definitely disputed as a result of the method of producing self-serving proof has been perfected. Certainly, self-serving proof is now a commodity which might be bought wholesale: rig the pattern dimension, therapeutic massage the info statistically, conjure up a context that serves to border the proof in a slippery self-interested trend, omit disinterested proof and contexts, prime with arcane math and voila, proof and narrative are offered as “details” moderately than what they are surely, an elaborate, well-staged con designed to maximise the personal good points of the few by exploiting the numerous.

Organizing all the system to serve the pathological greed of the few is finest served by devaluing reality to mere opinion and causal chains to mere narratives. On this juncture of historical past, reality has been revealed as a chimera; there’s solely opinion, and all opinions are equal. Opinions are beliefs, and all beliefs are equal. All narratives are equal. All questions boil right down to values: values are all equally indifferent, free-floating and of the identical worth: zero.

This con has reached perfection in our monetary system, which is now optimized for exploitation and sociopaths. As Nassim Taleb has defined (referencing Adam Smith), markets solely perform if there are guidelines that are imposed equally on all members. In our monetary system, there are two units of guidelines: one which we are able to summarize as something goes for the super-wealthy and the well-connected, and one other set for everybody else.

Shear the sheep of billions, pay a modest wonderful–and if all of your bets go unhealthy, get bailed out since you’re too essential to fail. Sneak just a few thousand out of the credit score union, go to jail. Promote a monetary product that’s designed to go bust as low-risk, oh effectively, purchaser beware, haha, that’s simply the free market at work. Promote a nickel bag of medication, get a tenner within the Gulag.

Two units of guidelines: one simulacrum of guidelines for the wealthy–simply one other con, actually–and punitive guidelines for everybody else.

Since proof, causal chains and values have all been devalued, there isn’t any longer any recognition that the will for achieve–greed–might be both exploitive or helpful to the numerous. In case your greed drives you to make a product that’s quicker, higher, cheaper, extra sturdy and environment friendly than what’s at present out there, your achieve is the results of an advance that serves the pursuits of the numerous.

In case your want for achieve leads you to misrepresent a shoddy product designed to fail (subprime mortgages, Landfill Financial system merchandise) otherwise you increase the value as a result of you possibly can, your greed serves your pursuits on the expense of the numerous. That is the acme of exploitation. Kleptocrats and sociopaths, rejoice!

This technique is optimized for exploitation, because the exploiters can exploit the numerous with out the numerous even recognizing they’ve been stripmined. We not have the means to distinguish fraud from truth or exploitation from rules-based markets.

This panorama of wide-open exploitation and debauchery is Heaven on Earth for sociopaths who not solely don’t see any distinction between good points skimmed at others’ expense and good points earned by offering a superior product / service, they enjoy exploiting the system and each participant: workers, companions, suppliers, depositors, debtors and prospects.

However on this desert of exploitation and the supremacy of self-interest, some issues stay true and others stay false. Some truths stay self-evident. As I’ve proven right here many occasions, we are able to have a look at the hourly wages and value of necessities in 1980, 1990, 2000, 2010 and the current and calculate what number of hours of labor it took to pay for necessities similar to lease, property taxes, healthcare, childcare, taxes, schooling, and so forth. These calculations reveal that the buying energy of wages has declined for many years. This proof can’t be made to fade by declaring it opinion, perception or a “totally different set of values”–it’s truth.

If we measure prosperity by how a lot labor should buy, all however the prime few wage earners are much less affluent at the moment. The proof and causal chain are self-evident. The self-interested few who’ve reaped the overwhelming majority of the economic system’s good points can rent shills to argue that since TVs now require fewer hours of labor to purchase, we’re all higher off, however these obfuscations are nothing greater than distractions designed to divert our consideration from the mechanisms of exploitation which can be working 24/7 beneath the ceaseless churn of “information” and “market motion.”

Let’s name this monetary system what it truly is: the MetaPerverse, a conjured world of self-serving cons that’s optimized for exploitation, the perversion of justice, infinite inequality and the stripmining of the numerous to the good thing about the few, all securely protected by a cloud of confusion during which every little thing is equally worthless and reality not exists. All that continues to be is a babble of competing cons.

My new e book is now out there at a ten% low cost this month: World Disaster, Nationwide Renewal: A (Revolutionary) Grand Technique for the USA (Kindle $8.95, print $20)

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Current Movies/Podcasts:

Charles Hugh Smith on Why Many are Resigning From Their Jobs (35 minutes, with Richard Bonugli)

My current books:

World Disaster, Nationwide Renewal: A (Revolutionary) Grand Technique for the USA (Kindle $9.95, print $25) Learn Chapter One totally free (PDF).

A Hacker’s Teleology: Sharing the Wealth of Our Shrinking Planet (Kindle $8.95, print $20, audiobook $17.46) Learn the primary part totally free (PDF).

Will You Be Richer or Poorer?: Revenue, Energy, and AI in a Traumatized World
(Kindle $5, print $10, audiobook) Learn the primary part totally free (PDF).

Pathfinding our Future: Stopping the Closing Fall of Our Democratic Republic ($5 Kindle, $10 print, ( audiobook): Learn the primary part totally free (PDF).

The Adventures of the Consulting Thinker: The Disappearance of Drake $1.29 Kindle, $8.95 print); learn the primary chapters totally free (PDF)

Cash and Work Unchained $6.95 Kindle, $15 print) Learn the primary part totally free

Change into a $1/month patron of my work by way of patreon.com.


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