How Neoliberalism Really Works

The US dollar went off the gold standard completely in 1971. In the years following, the whole world went to a "free floating" system of fiat currencies. (although some countries retained aspects of gold backing for much longer)

The dollar is now mainly "valued" against corporate assets, like stock, and other currencies and to commodities like oil. The dollar only has a one-way "valuation" trend. It's worth less and less as the value of assets and commodities appears to "rise", that is, they're priced higher in dollar terms as there are ever more dollars. At the same time the dollar has been depreciating, and corporate paper has been rising in price, wages have been stagnant or declining.

This dollar devaluation can "work", that is, people can still afford to live as long as "productivity" gains take place along side the devaluation. The cost of goods should fall in tandem with the devaluation of the money. However, what actually happens with "productivity" gains is "crapflation" in consumer products and in food.

A set of managers, from middle managers to corporate executives serve as proxies of the financial system and the government and controls the strawman elements of the system. They implement the rituals and rites that keep the whole thing working. As an aside, the strawman elements of the system could be completely automated today--the system is really a big paper and human version of a computer program--however "the system" aims to automate blue collar and working class jobs for the most part to suck more resources up the pyramid. Shifting jobs to slave labor countries was another way to shift more resources up the pyramid too--but that's actually 99% done already in a couple of decades.

"Neoliberalism" is really the bloating of the system strawman. It provides ever more wealth and job opportunities to people who work as functionaries. The strawman could get fatter and fatter without limit, apparently, as more money is pumped into the economy by the Federal reserve. Corporate bureaucracy bloats each and every year. Every year, for example, corporations spend thousands of man-hours of employee time watching political propaganda videos about pronouns and "trans" and other issues that don't really have anything to do with the business.

The "white collar" work force is literally invested in the system and is willing participants in extracting wealth from the people who are further down the pyramid from them. They willingly, if not happily, fucked over the blue collar work force during the 90s and 2000s as jobs were shipped to India and China. They're really like the knights who work for the equivalent of dukes and counts and kings today.

They remain loyal and attached to the top of the pyramid because their livelihood depends on it. Now, the top of the pyramid sees them as the next group to rob. Scumbag Janet Yellen has talked about taxing "unrealized capital gains" which is totally hilarious. That's the precursor to taxing 401(k) and IRA money, by the way.

The top of the pyramid is terrified that the white collar work force would throw-in with the blue collar workers, which is why the concept of MAGA was villified by TV networks and other scumbags. It really doesn't matter if Trump/MAGA was real or mere advertising, by the way, the concept of the citizens of the USA acting in concert on their own behalf--a real "New Deal"--would exclude the parasites on the top of the pyramid.