Friday, December 21, 2018

Financialization and a Split Economy

British East India Company Flag
The British East India Company flag is remarkably similar to the US flag. There are 13 stripes--supposedly for the 13 founders of the BEIC and of course the 13 original colonies in the US flag. "13" is a numeric reference, possibly, to the Knights Templar "Friday the 13th" downfall.

The modern world is the grandchild of the BEIC. It's corporate world, and corporate world is really "finance" world. The conquering armies and navies of age of exploration imperialism has been replaced with legalisms and fraud. This form of imperialism doesn't put people in chains or press them into service aboard a ship, it puts people in debt and makes them poor.

Every person, from the poorest to even the wealthiest corporate execitive in the system is playing an unwinnable game with rules that can be adjusted at any time. For poorer people, even for the middle class people, there's almost no attachment to this system. The inevitable outcome is a split economy and political split.

The Internet counterculture is the sharp edge of the political split. It seems like the political split is just in the early stages of pushing the creation of parallel economic institutions and even societal institutions.

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