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Of Two Minds – While Everyone Cheers Soaring “Wealth,” America’s Social Order Is Unraveling


October 1, 2021

So by all means, focus on the inexorable rise of stocks, cryptos and housing as “proof”
of America’s soaring “wealth” while the social order unravels beneath our feet.

It is a supremely tragic irony that while the corporate media ceaselessly touts America’s soaring
financial “wealth,” the nation’s true wealth–its social order–is fast unraveling.

While we’re encouraged to cheer billionaires blowing a tiny sliver of their wealth on space
tourism and $500 million yachts as evidence of “prosperity,” our media and leadership (ahem)
professes to being mystified by The Great Resignation, known here on Of Two Minds as

The ‘Take This Job and Shove It’ Recession
, and other unmistakable signs of unraveling.

(This era’s anthem should be Johnny Paycheck’s timeless classic,

Take This Job And Shove It
2:31).

In my analysis, the social order is comprised of all the intangible social
elements which serve to bind a nation’s people beyond their legal rights.
The social order
includes (but is not limited to) social (upward) mobility–the ladder to advancing one’s agency
(control of one’s life) and opportunities for improved security and well-being.

The social order also includes civic virtue, the willingness to share the sacrifices
of one’s fellow citizens for the common good in proportion to one’s wealth and power, and
equal treatment before the law, not just as an abstraction but in the real world of the judicial
system.

The social order also includes the moral legitimacy of the governance system: does
the state (government) serve the citizenry, or is it the other way around?

Lastly, the social order manifests social cohesion, which is the capacity for
shared values and purpose and common ground, all of which generate a concern for
the well-being of other citizens and a willingness to focus on shared interests.

America has lost all of these elements, as self-interest is the only value, purpose
and goal that guides behavior, starting at the top:
how do politicians acquire fortunes
in excess of $100 million (cough, Pelosi, cough)? Through public service? (Don’t bust
a gut laughing…) How do billionaires
gain additional wealth so effortlessly (cough, Federal Reserve, cough)?

The rot starts at the top and then seeps down into every fiber of the nation’s economic,
social and political orders.
As noted here previously, America is now a moral cesspool,
and “democracy” is merely the public-relations cover for a neofeudal autocracy.

Behind every PR narrative lies the corruption of self-interest. How is it that day-traders
now rabidly follow Pelosi’s stock portfolio, and super-wealthy Federal Reserve “leaders” front-run the
Fed’s policies to further enrich themselves while claiming the mantle of “public service”?

How does a child molester like Jeffrey Epstein end up entertaining Bill Clinton, Bill Gates,
the Harvard elite, and a veritable who’s who of America’s wealthy and powerful players?

The evidence of irreversible social decay is everywhere: road rage is now
ubiquitous in aircraft and other social settings, common ground has vanished, and the willingness
or even the capacity to identify common interests has been pulverized by the supremacy
of self-interest.

“Reform” is another insider joke. Real reform might impinge on the wealth and power
of our self-interested elites, so what we have instead is simulacra of reform which
only add additional friction to a system choking on bureaucratic sand in the gears.

Homeless encampments are now just another accepted reflection of “soaring wealth and prosperity”
in America, along with the declining prospects and wealth of the bottom 80%. If you fail to
repeat the party line with sufficient enthusiasm, Big Tech will send you to the Digital Gulag.

The more that politicians, Fed governors, insiders and billionaires bleat that they really,
really care about commoners, the greater the gulf between the reality of their self-interest
and their laughably transparent PR.

As the apologists, toadies, lackeys, factotums and apparatchiks frantically spew rah-rah PR
about the “recovery” (you mean
we’re all addicts and are now “recovering”?), the workforce is finally awakening to the emptiness
of the PR and the decay of America’s social order: the rewards of the economy have flowed to
two classes, the Financial Aristocracy, the top 0.1% who now own more wealth
than the bottom 80% of American households, and speculators, from the front-running scammers on
Wall Street to the daytraders gambling their Pelosi portfolios.

So by all means, focus on the inexorable rise of stocks, cryptos and housing as “proof”
of America’s soaring “wealth” while the social order unravels beneath our feet.

Self-interest never had it so good.


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