The Phaserl


Opportunity Squandered: We Blew It

We are about to reap the consequences of tolerating the perfection of the Savior State / cartel-crony capitalism’s neofeudal debtocracy.

by Charles H. Smith, Of Two Minds:

We as a nation had an unparalleled, historic opportunity to set things right in the aftermath of the 2008 financial meltdown. Alas, we blew it. Instead of tearing down what had failed spectacularly, we chose to do more of what failed spectacularly: cartel-crony capitalism, centralized wealth and power and an expansion of our financialized debtocracy.

Gordon Long and I discussed this epic miss in Window of Opportunity: Blown!

While it’s certainly easy to blame our corrupt, self-serving leadership, we have tolerated their “more of the same.” It’s been said that a people get the government they can tolerate (as well as the one they deserve), and the American people have tolerated an expansion of everything that is systemically destructive because we dared not risk our share of the Savior State swag.

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