An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Saturday, November 3, 2012
Consider Us Collectively Ignorant.
Bill Black: Why Are There No Famous Financial Whistleblowers in This Crisis?
Over at MMT-discuss, Jerrit writes:
"Just a wild guess, but the rank and file at most dead-end jobs feel
(maybe correctly) that they're lucky to have a job and don't want to
rock the boat.
It's not outlandish to think that that's actually part of the looting
class' strategy. Keep the working class just desperate enough for
employment that they'll be less likely to speak out against further
looting."
Exactly. That's why education and mis-education are essential strategies for both sides, the 99% ... and the (innocently/purposely) Upper Looting Class. It's a risky game to loot your own electorate. You have to keep 'em confused enough to allow the looting, yet letting situational awareness dip too low risks losing the entire system.
It's stupid of course, since there's a better way. The only way looting gets started is when net situational awareness lags enough that people get distracted into such badly divisive strategies. It's never advised to even step onto a slippery slope, let alone grease it further. Return on coordination offers so much more, and so much less risk that an electorate has to be ignorant to ever stray from the path.
Consider us collectively ignorant.
Sure, we're always dumb when it comes to adapting to constantly and unpredictably changing situations, but are we getting dumber, or smarter in terms of our Adaptive Rate? We should be finding slopes that head up, not down. And stop letting sociopaths slinging oil in front of everyone else. Please?
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