The American Empire in a Changing World


Wednesday, October 17, 2012

''American Rentiers''

From Bullion Vault

''Now, mothers want their sons and daughters to work for "the system"... to join the ranks of the bureaucrats... to have an edge... to be in an industry favored by the feds. They know it's almost impossible to get ahead without an "in". The weight of taxes and regulations is just too heavy.

That is a big part of the reason US wages have gone nowhere in the last 40 years... and household incomes are nearly back to where they were two decades ago.

Of course, this phenomenon – zombification – applies to private organizations and businesses as well as the government. As a business ages, it typically changes from a dynamic, outward-looking organization to a stodgy, bureaucratic organization focused on holding onto power and money at all cost.

The big difference between government and private organizations is that only the government has the power to force you to do anything. When private organizations get infested by unproductive zombies, they go broke... or get taken over by more dynamic organizations. Government generally continues favoring the zombies... until the whole country goes broke.''

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