{"id":25901,"date":"2017-09-21T06:27:11","date_gmt":"2017-09-21T11:27:11","guid":{"rendered":"http:\/\/olduvai.ca\/?p=25901"},"modified":"2017-09-21T06:27:11","modified_gmt":"2017-09-21T11:27:11","slug":"loving-our-debt-serfdom-our-neofeudal-status-quo","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=25901","title":{"rendered":"Loving Our Debt-Serfdom: Our Neofeudal Status Quo"},"content":{"rendered":"

Loving Our Debt-Serfdom: Our Neofeudal Status Quo<\/a><\/h3>\n

Democracy (i.e. political influence) and ownership of productive assets are the exclusive domains of the New Aristocracy. <\/i><\/p>\n

I have often used the words neoliberal, neocolonial and neofeudal<\/i> to describe our socio-economic-political status quo.<\/b> Here are my shorthand descriptions of each term:<\/p>\n

1. Neoliberal: the commoditization \/ financialization of every asset, input (such as labor) and output of the economy; the privatization of the public commons, and the maximizing of private profits while costs and losses are socialized, i.e. transferred to the taxpayers.<\/p>\n

2. Neocolonial: the exploitation of the domestic populace using the same debt-servitude model used to subjugate, control and extract profits from overseas populations.<\/p>\n

3. Neofeudal: the indenturing of the workforce via debt and financial repression to a new Aristocracy; the disempowerment<\/i> of the workforce into powerless debt-serfs.<\/p>\n

Neofeudalism is a subtle control structure that is invisible to those who buy into the Mainstream Media portrayal of our society and economy.<\/b> This portrayal includes an apparent contradiction: America is a meritocracy–the best and brightest rise to the top, if they have pluck and work hard– and America is all about identity politics: whomever doesn’t make it is a victim of bias.<\/p>\n

Both narratives neatly ignore the neofeudal structure<\/b> which disempowers the workforce in the public sphere and limits the opportunities to build capital outside the control of the state-corporate duopoly.<\/p>\n

The book The Inheritance of Rome: Illuminating the Dark Ages 400-1000<\/a> shed some light on the transition to a feudal society and economy.<\/b> While the author is a fine writer, the subject matter doesn’t lend itself to light reading. The transition from the Roman legacy of centralized governance (empire, monarchy, theocracy, etc.) to feudalism (governance by local lords \/ aristocracy) was complex and uneven, and the author takes pains to describe the process and many variations that arose in a highly fragmented post-Roman Europe.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n","protected":false},"excerpt":{"rendered":"

Loving Our Debt-Serfdom: Our Neofeudal Status Quo Democracy (i.e. political influence) and ownership of productive assets are the exclusive domains of the New Aristocracy. I have often used the words neoliberal, neocolonial and neofeudal to describe our socio-economic-political status quo. Here are my shorthand descriptions of each term: 1. Neoliberal: the commoditization \/ financialization of […]<\/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":[127,16075,204,16077,16076,7081,5068,587,1302],"class_list":["post-25901","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-charles-hugh-smith","tag-deft-serfdom","tag-democracy","tag-neocolonial","tag-neofeudal","tag-neofeudalism","tag-neoliberal","tag-of-two-minds","tag-status-quo"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/25901","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=25901"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/25901\/revisions"}],"predecessor-version":[{"id":25902,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/25901\/revisions\/25902"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}