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It’s What’s Happening Beneath the Surface That Matters: Moral Decay and Rising Inequality

It’s What’s Happening Beneath the Surface That Matters: Moral Decay and Rising Inequality

These disintegrative forces are easy to see but elusive to pin down. Nobody defines themselves as self-serving, greedy and lacking in virtue. Everyone feels trapped in the system.
With the media’s hyperactive three-ring circus blasting 24/7, it’s easy to forget that everything consequential is happening beneath the surface, out of sight and largely out of mind.
What’s going on beneath the surface is structural and systemic–for example, the 4th Industrial Revolution that is transforming the global economy and social order, regardless of political ideologies or our wishes.
Centralization–the “solution” to every problem since 1940–is now the problem.Centralization generates corruption, privilege, rentier skims, institutionalized rackets and pushes one-size-fits all failure down the chain of command.
Another “solution”–issuing more costly credentials–has also failed. An over-abundance of credentials pushes wages down, even for the highly educated, while the credential mill of higher education has become a bloated, ineffective cartel that charges outrageous fees for increasingly valueless credentials.
The structural changes in the economy are visible in these charts:
The civilian participation rate is plummeting, despite the “recovery:”
The civilian participation rate for men is in a multi-decade decline:
As a percentage of GDP, wages have been declining for decades.
The rich have managed to gain wealth and income while the bottom 95% have gotten poorer as the cost of living soars and their wages stagnate.
There is more going on here than changes wrought by technology. Consider how many analysts identify central banks as a key cause of rising inequality and debt burdens. Consider how many people identify “money in politics” as a key factor in the corruption of governance.
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