{"id":23713,"date":"2017-04-22T10:18:22","date_gmt":"2017-04-22T15:18:22","guid":{"rendered":"http:\/\/olduvai.ca\/?p=23713"},"modified":"2017-04-22T10:18:22","modified_gmt":"2017-04-22T15:18:22","slug":"our-state-corporate-plantation-economy","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=23713","title":{"rendered":"Our State-Corporate Plantation Economy"},"content":{"rendered":"

Our State-Corporate Plantation Economy<\/a><\/h3>\n
\n
We’ve been persuaded that the state-cartel Plantation Economy is “capitalist,” but it isn’t. It’s a rentier skimming machine.<\/i><\/div>\n
I have often discussed the manner in which the U.S. economy is a Plantation Economy<\/b>, meaning it has a built-in financial hierarchy with corporations at the top dominating a vast populace of debt-serfs\/ wage slaves with little functional freedom to escape the system’s neofeudal bonds.<\/div>\n
Since I spent some of my youth in a classic Plantation town (and worked on the plantation as a laborer in summer), the concept of a Plantation Economy is not an abstraction to me, but a living analogy of the way our economy works.<\/div>\n
Wal-Mart and the Plantation Economy<\/a>\u00a0(August 24, 2010)<\/div>\n
Colonizing the Plantation of the Mind<\/a>\u00a0(August 25, 2010)<\/div>\n
We Need a Social Economy, Not a Hyper-Financialized Plantation Economy<\/a>\u00a0(November 12, 2015)<\/div>\n
Loving Our Servitude in America’s Plantation Economy<\/a>\u00a0(February 10, 2017)<\/div>\n
The Plantation Economy is extremely hierarchical.<\/b>\u00a0Corporations and the state are both extremely hierarchical.<\/div>\n
In the Plantation Economy, the Company has access to nearly unlimited credit.<\/b>Small businesses serving the employees and the employees have enough credit to live on but not enough to buy productive assets. As a result, the Corporation can always buy up any productive assets, expanding its monopoly.<\/div>\n
The state also has an essentially unlimited line of credit which it can use to fund its favored cartels and state fiefdoms.<\/div>\n
In the Plantation Economy, the Company suppresses any innovation that threatens its monopoly<\/b>\u00a0and the state enforces whatever means the Corporation deploys: buying up patents and small companies, predatory pricing to bankrupt competitors, etc.<\/div>\n
The Plantation Economy is a mono-culture of large corporations and their partner in rentier skimming, the state.<\/b>\u00a0Our economy is a state-cartel finance-debt system; it’s only capitalist on the margins, that is, in the fringes that aren’t profitable enough for corporations to control.
\n…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Our State-Corporate Plantation Economy We’ve been persuaded that the state-cartel Plantation Economy is “capitalist,” but it isn’t. It’s a rentier skimming machine. I have often discussed the manner in which the U.S. economy is a Plantation Economy, meaning it has a built-in financial hierarchy with corporations at the top dominating a vast populace of debt-serfs\/ […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[127,4924],"class_list":["post-23713","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-charles-hugh-smith","tag-oftwominds"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/23713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23713"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/23713\/revisions"}],"predecessor-version":[{"id":23714,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/23713\/revisions\/23714"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}