by Charles Hugh Smith
November 08, 2016
There are many sources of rage:
the destruction of truth
But if we had to identify the one key source of
non-elite rage that cuts across all age, ethnicity, gender and
regional boundaries, it is this:
The Ruling Elite is protected from
the destructive consequences of its predatory dominance.
We see this reality across the entire political, social and economic
If I had to pick one chart that illustrates the widening divide
the Ruling Elite and the non-elites, it is this chart of
wages as a share of the nation's output (GDP):
46 years of
relentless decline, interrupted by gushing fountains of credit and
asset bubbles that enriched the few while leaving the economic
landscape of the many in ruins.
The Ruling Elite once had an obligation to uphold the social
contract as a responsibility that came with their vast privilege,
power and wealth (i.e. noblesse oblige).
America's Ruling Elite has transmogrified into an incestuous
self-serving few unapologetically plundering the many.
hubris-soaked arrogance, their right to rule is unquestioningly
based on their moral and intellectual superiority to "the little
people" they loot with abandon.
Rather than feel a responsibility to the nation, America's Elite
views the status quo as a free pass to self-aggrandizement.
Much has changed in America in the past 46 years.
Not only have
wages and salaries declined as a share of "economic growth," but the
wealth that has been generated has flowed to the top of the
wealth/power pyramid (see chart below).
Social mobility has also declined
America’s Economic Mobility, as has trust in government
and key institutions.
As Frank Buckley, the author of The
Way Back - Restoring the Promise of America observed:
"In a corrupt country, trust is a
rare commodity. That’s America today.
Only 19 percent of Americans say
they trust the government most of the time, down from 73 percent
in 1958 according to the Pew Research Center."
The top 0.01% has seen its share of the
household wealth triple from 7% to 22% in the past four decades,
while the share of the nation's wealth owned by the bottom 90% has
plummeted from 36% to 23%.
As I described in America's
Ruling Elite has Failed and Deserves to Be Fired and Now
That the Presidential-Election Side Show is Finally Ending...,
the economy is rapidly undergoing structural changes that tend to
reward the top 5% class of technocrats and managers and the top 0.1%
with millions in mobile capital, while leaving the bottom 95% in the
Rather than address
this rising inequality directly and
honestly, the Ruling Elite has parroted propaganda and policies that
protect their gains while obfuscating the reality that most American
households have been losing ground for decades, a decline that has
been masked by replacing real income with rising debt.
The ceaseless parroting of the Ruling Elite and
the Mainstream Media that
prosperity has been rising for everyone is nothing less than the
destruction of truth.
This propaganda has one purpose:
to mask the inequality and injustice
built into the American status quo.
The rapid concentration of wealth has
also concentrated political power in the hands of a few who
seamlessly combine public and private modes of power.
This wealth and power protects the Ruling Elite from the perverse
consequences of their dominance.
Their precious offspring rarely serve at
the point of the American military's spear, they never lose their
jobs or income when corporations shift production (and R&D, etc.)
overseas, and they are never replaced with illegal immigrants paid
under the table.
Rather, the Ruling Elite is pleased to pay immigrants a pittance to,
care for their children
clean their luxe homes
walk their dogs, etc.
This is why we're enraged:
we bear the consequences of the
Ruling Elite's dominance.
The system is rigged to benefit the few,
who use their wealth and power to protect themselves from the
destructive consequences of their self-serving dominance.
This rage is as yet inchoate, sensed but not yet understood as the
inevitable result of a broken system and a predatory Elite
that exploits the system to maximize their private gain by any means
As I write this Tuesday (08 November,
2016) evening, it appears Donald Trump may win the
For those who cannot understand how
anyone could possibly vote for Trump, please read the above essay
again and ponder what people were voting against by voting
They may well have been voting against the corrupt, self-serving
status quo rather than voting for the individual Donald Trump.
There are very few opportunities for powerless non-elites to
register their disapproval of the nation's Ruling Elite and the
corrupt status quo. Voting for an outsider in a national election is
one such rare opportunity.
As I noted in October, The
Ruling Elite Has Lost the Consent of the Governed (October
If you still don't understand how Trump could win, please
read the above essay as many times as is necessary for you to get
the status quo of corrupt
self-serving insiders generates injustice and inequality as its
the only possible output...