Thursday, January 28, 2021

Taking on the Oligarchs

 Hate to say, but I didn't see the populist insurgency against Oligarchs coming.... (i.e. Gamestop stock manipulation).  But, I think it is a very adroit response to serfdom shifts, inordinate Oligrarch power, and a quickly increasing elite class size and its commensurate need for increase grifting off the producer class(es).


The nice thing with the insurrection is that it allows direct targeting against otherwise untouchable targets. The bad thing with this is mob energy can be directed at wrong-thinkers.


For instance, let's imagine a mob decides they want to take down their religious foe - say Donald Trump. Right now they're just leveraging legal systems to do it.  But if you've got a political machine, you have a fair bit of protection.  But, a populist mob isn't limited to such things. They can simply decide to game any investment or business Trump has. While production industries should be more resistance to these games than hedge fund investors (who Trump hates...) with cancel culture, everyone is vulnerable.  Especially if you only have a few resistors who can then have their investments gamed.


But, in general right now I think you may start to see some power coming back to commoners.  Of course the hegemonic blue uni-party establishment won't let this last for long.  Serfdom here we come. Revolution seems more likely to follow.


UPDATE - It looks like the establishment is rigging it...


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