The “Crapification” of the U.S. Economy Is Now Complete – Silver Doctors

The crapification of the U.S. financial system is now full. The one factor left is the tiresome ready for the implosion of the complete travesty of a mockery of a sham…

 by Charles Hugh Smith by way of Of Two Minds

The crapification of the U.S. financial system is now full. The one factor left is the tiresome ready for the implosion of the complete travesty of a mockery of a sham.

The U.S. financial system has essentially modified, and never for the higher. There are quite a few dynamics behind this decay, and I’ll talk about a number of of the extra consequential ones this month.

One consequential dynamic few mainstream pundits dare talk about is the “crapification” of the complete U.S. financial system. That isn’t my description, “crapification” is now in frequent use. If the phrase offends you, substitute terminal decay of high quality, competitors, utility, sturdiness, repairability and customer support.

One facet no person appears to note is the transformation from a society that when drew its identification from producing high quality items and providers to a society that pulls its identification from consuming crapified items and providers. Now that People outline themselves by consuming, they’re enslaved to consumption: to restrict consumption is to vanish–and ‘spending time” on social media is a type of consumption, even when no items or providers are bought immediately, as one’s consideration / time are priceless commodities.

In different phrases, People have been skilled like Pavlov’s canines to eat, regardless of how poor the standard and repair. We simply purchase it anyway, and grumble over the decaying high quality and repair–however we received’t take the one motion that may impression firms and the federal government: cease shopping for the services and products. Decide out, drop out, make it at dwelling, cancel the service, simply cease shopping for abysmally made junk and pathetically poor providers.

Companies and the federal government are monopolies or quasi-monopolies, and they also don’t should care whether or not prospects are appalled by poor high quality and repair: they know the client has to eat no matter is obtainable, regardless of how crapified.

Go forward and situation nugatory warranties, merchandise designed to fail, merchandise designed to be unrepairable, software program that’s routinely declared out of date so we now have to purchase the brand new crapified model that calls for insane quantities of reminiscence and processing energy–go forward, as a result of the herd will proceed shopping for the identical rubbish services and products as a result of to cease consuming is unthinkable: I eat, due to this fact I’m.

Governments know we now have no selection and since we proceed electing the identical “finest democracy cash should buy” politicos, nothing will change. These in energy know the grumbling is simply background noise as a result of the herd will dutifully vote for a similar crapified, corrupt, dysfunctional system each two years.

Contemplate the IRS, the company with a monopoly on accumulating taxes. I’m sympathetic to the workers of the IRS, these tasked with the thankless job of accumulating taxes, a job made extra arduous by underfunding and understaffing. It appears the super-wealthy determined that if the IRS was starved of funding, the percentages of their tax evasion being caught by an audit would plummet, and so voila, the IRS has been starved by the Demopublicans – Republicrats for many years, as Demopublicans – Republicrats all reply to the identical small pool of super-wealthy donors and company sponsors.

In the meantime, the common powerless taxpayer suffers the terminal decay of service and accountability. I’m sorry to report that my Kafkaesque experiences with the IRS are additionally shared by many others. Our tax funds are instantly deposited (shock!) however our tax returns that have been delivered with the cost are declared non-existent– the company experiences no file of the return being acquired.

This has occurred to me yr after yr. And naturally the crapification of the nation’s core record-keeping– taxation–then bleeds into different companies and crapifies their information. So the Social Safety Administration experiences my 2020 earnings as zero, that means I get no credit score for the immense sum I paid in Social Safety taxes (being self-employed, I pay 15.3% of all earnings in Social Safety taxes–each the worker and employer shares).

Because the IRS claimed it had no file of my 2020 tax return, I wrote the IRS a letter asking in the event that they wished me to resubmit the return. Some months later I acquired a reply to my earlier handle–regardless of the very fact I’d submitted an official IRS Change of Tackle kind–saying “we’re engaged on it.” Uh, positive. High-quality.

After repeated tries, I lastly discovered that the one tax yr in my file the IRS system acknowledges in 2016. If I wish to pay my quarterly estimated taxes on-line, I’ve to enter the info from 2016. Another tax yr knowledge will draw a clean. In impact, I solely exist within the yr 2016, six years in the past.

My estimated tax funds are duly deposited, and my cost hooked up to my return is duly deposited, however my tax return doesn’t exist. Others have reported the identical circumstance. Information gadgets report the IRS has a backlog of 10 million unprocessed returns, and also you’d assume our elected officers may present some modest curiosity within the crapification of the nation’s tax and Social Safety companies, however no–they’ve zero curiosity within the crapification of the nation’s core record-keeping so long as their super-wealthy donors and firms can proceed evading taxes by way of armies of tax attorneys and particular giveaways slipped into several-inches-thick congressional payments.

Since Company America is now nothing however a group of rapacious cartels and quasi-monopolies, they don’t care concerning the terminal decay of their high quality or service, both. They know we’re going to indicate up and purchase their rubbish anyway as a result of we now have no selection, they usually know the standard of their “opponents” (hahaha) merchandise and repair is equally noxious.

They’ll depend on well-trained People persevering with to fly, eat out, enroll, and purchase, purchase, purchase regardless of how wretched the standard and repair as a result of consumption is all we now have.

Within the Technicolor fantasy of company promoters, enterprises acquire gross sales by making increased high quality merchandise than opponents. Two generations in the past, this was nonetheless a cultural / financial dynamic.

However then everybody with a line of credit score purchased every thing, and so now everybody owns every thing. This saturation of all demand means gross sales can solely decline, since sturdy items final a very long time. The one approach to juice gross sales increased is by making insecure customers crave the most recent style, however this artifice has limits.

The answer was to crapify all services and products by way of deliberate obsolescence and limitless loops of awful, over-priced service. Merchandise are actually designed to be not possible to restore (eliminating cheapskate do-it-yourselfers) and by utilizing the lowest-quality, lowest-cost parts, producers assure that the complete product will fail as soon as the lowest-quality part fails.

And since many parts are actually digitized, the most affordable digital part failing will trigger the electronics to fail–a $1 chip fails and the complete $600 product fails–and so the complete product is then destined for the landfill– what correspondent Bart D. termed The Landfill Economic system, a a time period I now use to explain the complete international financial system of deliberate obsolescence.

Discerning customers have lengthy famous the crapification of substances and the accompanying decline of worth by way of shrinkflation. Discerning DIYers have famous how merchandise are sealed, warranties voided, and easy upkeep jobs like altering the oil in a car are actually sophisticated by varied perverse means.

As for service–Company America doesn’t should care about poor high quality as a result of they know we now have no selection. All of the members of the cartel supply the identical rapacious pricing and pathetically poor service, so no company or establishment (hospital, college, native authorities company, and many others.) has to concern a competitor may disrupt the comfy profiteering–there isn’t any actual competitors in healthcare, increased training, protection contractors, telecom suppliers, prescription drugs, quick meals, agribusiness, and many others.–none.

I talk about the end-game of those dynamics in my new guide, World Disaster, Nationwide Renewal: A (Revolutionary) Grand Technique for the USA.

The crapification of the U.S. financial system is now full. The one factor left is the tiresome ready for the implosion of the complete travesty of a mockery of a sham.

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

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Latest 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 without spending a dime (PDF).

A Hacker’s Teleology: Sharing the Wealth of Our Shrinking Planet (Kindle $8.95, print $20, audiobook $17.46) Learn the primary part without spending a dime (PDF).

Will You Be Richer or Poorer?: Revenue, Energy, and AI in a Traumatized World
(Kindle $5, print $10, audiobook) Learn the primary part without spending a dime (PDF).

Pathfinding our Future: Stopping the Remaining Fall of Our Democratic Republic ($5 Kindle, $10 print, ( audiobook): Learn the primary part without spending a dime (PDF).

The Adventures of the Consulting Thinker: The Disappearance of Drake $1.29 Kindle, $8.95 print); learn the primary chapters without spending a dime (PDF)

Cash and Work Unchained $6.95 Kindle, $15 print) Learn the primary part without spending a dime

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