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<channel>
	<title>The Consumer Trap &#187; The Coming End of Pre-History (One Way or The Other)</title>
	<atom:link href="http://www.consumertrap.com/category/socialism-barbarism/feed" rel="self" type="application/rss+xml" />
	<link>http://www.consumertrap.com</link>
	<description>exposing capitalism, marketing &#38; market totalitarianism</description>
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		<title>Attack of the Feather Brigade</title>
		<link>http://www.consumertrap.com/2011/05/feather-brigade.html</link>
		<comments>http://www.consumertrap.com/2011/05/feather-brigade.html#comments</comments>
		<pubDate>Tue, 10 May 2011 22:10:18 +0000</pubDate>
		<dc:creator>Michael Dawson</dc:creator>
				<category><![CDATA[Green Shopperism]]></category>
		<category><![CDATA[The Coming End of Pre-History (One Way or The Other)]]></category>
		<category><![CDATA[GDP]]></category>
		<category><![CDATA[National Wildlife Federation]]></category>

		<guid isPermaLink="false">http://www.consumertrap.com/?p=3461</guid>
		<description><![CDATA[Capitalism, we now know, is a pipe-dream, an ecological suicide mission.]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.consumertrap.com/wp-content/uploads/2011/05/feather_attack.jpg"><img class="alignleft size-full wp-image-3462" title="feather_attack" src="http://www.consumertrap.com/wp-content/uploads/2011/05/feather_attack.jpg" alt="feather_attack" width="253" height="199" /></a> Apparently, the National Wildlife Federation recently &#8220;called upon&#8221; the powers-that-be to stop using Gross Domestic Product as the main benchmark of human welfare.  (Not that you&#8217;d ever know it by looking at the <a href="http://www.nwf.org/">NWF homepage</a>, which makes no mention of the news or even the topic.)</p>
<p>NWF types provide this analysis of the situation:</p>
<blockquote><p><a href="http://steadystate.org/national-wildlife-federation-adopts-key-element-of-steady-state-thinking/">The root cause of our environmental problems—our ecological crisis—is  infinite planet economic theory, the rules and axioms of a discipline  that tells us that it is possible to have infinite economic growth on a  finite planet.</a></p></blockquote>
<p>So, our problem is that economic theorists are tricking us all into doing the wrong things?</p>
<p>Poppycock.  GDP counts most because our main problem is the cold, hard, in-the-flesh dominion of corporate capitalists over the whole of modern life.  GDP is a mere expression of that actual, material dominance.  All the special pleading in the world isn&#8217;t going to change either capitalism or the way it gets described in the corporate media/corporate politics.  This isn&#8217;t tiddly-winks.</p>
<p>But such is the state of the greens:  So well-indoctrinated and craven, they think hopeless language games are going to flip us toward survival.</p>
<p>And, to add insult to injury, the NWF feather jousters are proposing <em>to count what isn&#8217;t countable</em> &#8212; particular qualitative states of matter, a.k.a. the remaining unspoiled bits of nature here on middle-aged Earth.  GDP counts human labor.  No amount of human labor is going to turn smoke, heat, and ashes &#8212; or a pack of Charmin Ultra asswipes &#8212; back into an old growth tree.  That &#8220;greens&#8221; don&#8217;t get this speaks volumes about how very far away we remain from having proper leadership.</p>
<p>Capitalism, we now know, is a pipe-dream, an ecological suicide mission.  But it is a suicidal pipe-dream backed by the richest and most ideologically and organizationally powerful overclass in human history.  These people are not going to agree to start counting and reporting their destruction.  Unless and until those who hope to leave our children a decent world get honest with ourselves and direct with others about what we&#8217;re up against, we are simply f&#8212;ed.  Circumlocution and feigned naivete are not going to cut it.  Not by a long shot.</p>
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		<title>Extraordinary Misery</title>
		<link>http://www.consumertrap.com/2011/02/extraordinary-misery.html</link>
		<comments>http://www.consumertrap.com/2011/02/extraordinary-misery.html#comments</comments>
		<pubDate>Tue, 15 Feb 2011 19:21:50 +0000</pubDate>
		<dc:creator>Michael Dawson</dc:creator>
				<category><![CDATA[Carmageddon]]></category>
		<category><![CDATA[The Coming End of Pre-History (One Way or The Other)]]></category>
		<category><![CDATA[energy]]></category>
		<category><![CDATA[future]]></category>
		<category><![CDATA[Shell Oil]]></category>

		<guid isPermaLink="false">http://www.consumertrap.com/?p=3264</guid>
		<description><![CDATA[As President Hope and Change proposes double-digit budget cuts for the Environmental Protection Agency and the Office of Elementary and Secondary Education, what are his sponsors planning for back in the boardroom?]]></description>
			<content:encoded><![CDATA[<p><a href="http://astore.amazon.com/thecontra-20/detail/B00005Y7R6"><img class="alignleft size-thumbnail wp-image-3267" title="oldhaminmatewan" src="http://www.consumertrap.com/wp-content/uploads/2011/02/oldhaminmatewan-150x150.jpg" alt="oldham rifle" width="150" height="150" /></a> As President Hope and Change proposes <a href="http://pewresearch.org/pubs/1889/poll-federal-spending-programs-budget-cuts-raise-taxes-state-budgets">unpopular</a> <a href="http://www.nytimes.com/packages/html/newsgraphics/2011/0119-budget/index.html?hp&amp;ref=politics">double-digit budget cuts</a> for the Environmental Protection Agency and the Office of Elementary and Secondary Education, what are his sponsors planning for back in the boardroom?</p>
<p><a href="http://oilandglory.foreignpolicy.com/posts/2011/02/14/the_coming_misery_that_big_oil_discusses_behind_closed_doors">Check it out</a>, and don&#8217;t miss the <a href="http://www-static.shell.com/static/aboutshell/downloads/aboutshell/signals_signposts.pdf">underlying report</a>.</p>
<p>Draw your own conclusions.</p>
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		<title>Quote for MLK Day</title>
		<link>http://www.consumertrap.com/2011/01/mlk-day-2011.html</link>
		<comments>http://www.consumertrap.com/2011/01/mlk-day-2011.html#comments</comments>
		<pubDate>Mon, 17 Jan 2011 20:02:50 +0000</pubDate>
		<dc:creator>Michael Dawson</dc:creator>
				<category><![CDATA[Lifelines]]></category>
		<category><![CDATA[The Coming End of Pre-History (One Way or The Other)]]></category>
		<category><![CDATA[Keye]]></category>
		<category><![CDATA[mlk]]></category>

		<guid isPermaLink="false">http://www.consumertrap.com/?p=3213</guid>
		<description><![CDATA[Given his religious commitments, MLK might not have said this exactly this way had he somehow lived to be 82 in this nation of right-wing shooters.]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.consumertrap.com/wp-content/uploads/2011/01/mlk.jpg"><img class="alignleft size-thumbnail wp-image-3214" title="mlk" src="http://www.consumertrap.com/wp-content/uploads/2011/01/mlk-150x150.jpg" alt="mlk" width="150" height="150" /></a> Given his religious commitments, MLK probably would not have said this in this way, had he somehow lived to be 82 in this nation of right-wing shooters.  Still, I think the following quote sums up the situation, the day, and the ever-widening (and demoralizing) gulf between verbally celebrating MLK and the utterly heedless actions of our overclass and their political lapdogs, including the nation&#8217;s first black President.  It also overlaps with MLK&#8217;s still under-appreciated denunciation of the Vietnam War and its <a href="http://astore.amazon.com/sociologymd-20/detail/0060921072">long-standing imperial instigator</a>.  From the great <a href="http://keyecommentary.blogspot.com/2011/01/new-way-of-understanding-our-situation_936.html">James Keye</a>:</p>
<blockquote><p>Reality  is that the earth is a summary of innumerable coincidences creating  conditions of stability upon which life formed and now rides.  The  variations of life have had sufficient opportunity to produce an  adaptation manifesting the most minutely possible principles of a new  system of order riding on (or in if you like) a single species.  The magnificence of this occurrence is beyond beyond.  The  functioning of this adaptation is problematic given the nature of its  origin, and now it is a toss up as to whether the carrier species will  discover how to manage such a powerful adaptation before its more  dangerous expressions destabilize the conditions that allow it to exist.</p></blockquote>
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		<title>Al Gore Manifesto</title>
		<link>http://www.consumertrap.com/2011/01/al-gore-manifesto.html</link>
		<comments>http://www.consumertrap.com/2011/01/al-gore-manifesto.html#comments</comments>
		<pubDate>Fri, 14 Jan 2011 17:35:49 +0000</pubDate>
		<dc:creator>Michael Dawson</dc:creator>
				<category><![CDATA[Restriction of Macro-Choices]]></category>
		<category><![CDATA[The Coming End of Pre-History (One Way or The Other)]]></category>
		<category><![CDATA[equality]]></category>
		<category><![CDATA[socialism]]></category>
		<category><![CDATA[Staniford]]></category>

		<guid isPermaLink="false">http://www.consumertrap.com/?p=3200</guid>
		<description><![CDATA[Capitalists, meanwhile, are militant ostriches and obstacles, like it or not, because they are trying to retain what is utterly unkeepable.]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.consumertrap.com/wp-content/uploads/2011/01/human-history.jpg"><img class="alignleft size-medium wp-image-3202" title="human-history" src="http://www.consumertrap.com/wp-content/uploads/2011/01/human-history-300x265.jpg" alt="human-history" width="300" height="265" /></a> Stuart Staniford, who tracks peak energy problems, <a href="http://earlywarn.blogspot.com/2011/01/environmentalism-socialism.html">today suggests</a> that those of us who hope to help engineer soft landings ought to abandon socialism in favor of Al Gore.  Speaking of human history, Staniford proposes that, &#8220;at least until we decide to engineer better human beings, a decent society will have an economic elite.&#8221;  To try to combat elites, in Staniford&#8217;s view, is to deny human nature.  The best we can do, he suggests, is to accept and nurture our overclass, in hopes of convincing &#8220;them, like Al Gore, to use a portion of their undoubted economic  privilege in an attempt to move society in a direction of lower impact  and less emissions.&#8221;</p>
<p>FWIW, I replied thusly:</p>
<blockquote><p>If you are going to appeal to big history, I would suggest you stick with it.  5,500 years ago, permanent elites figured out how to keep surplus wealth for themselves as &#8220;property.&#8221;  That, as you note, was the beginning of the end for egalitarian kinship societies.</p></blockquote>
<blockquote><p>Fair enough.</p></blockquote>
<blockquote><p>But when did anybody start making a serious attempt to check ruling classes and their stories of biological superiority?  1776/1789.  Less than 250 years ago, on a 5,500-year timeline.</p></blockquote>
<blockquote><p>And when did socialists  start trying to extend democracy to economic affairs?  150 years ago.   And they also did so while making the mistake of dismissing existing democracy as mere bourgeois illusion.  So, socialism 2.0 has barely started, here in the latest 20 years on that 5,500-year timeline.</p></blockquote>
<blockquote><p>And here you are, talking about the naturalness of elites?  I don&#8217;t buy it, either as history or strategy.</p></blockquote>
<blockquote><p>The point of leftism is not absolute monetary equality.  It is the extension of democracy over macro-economic choices.</p></blockquote>
<blockquote><p>Of course, the impending energy/eco crash is going to make modern wealth levels and our range of macro-economic options a lot smaller.</p></blockquote>
<blockquote><p>Capitalists, meanwhile, are militant ostriches and obstacles, like it or not, because they are trying to retain what is utterly unkeepable.  Al Gore thinks electric cars are a sufficient answer.</p></blockquote>
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		<title>Twin Quotes for Late 2010</title>
		<link>http://www.consumertrap.com/2010/11/twin-quotes-for-late-2010.html</link>
		<comments>http://www.consumertrap.com/2010/11/twin-quotes-for-late-2010.html#comments</comments>
		<pubDate>Mon, 22 Nov 2010 21:33:10 +0000</pubDate>
		<dc:creator>Michael Dawson</dc:creator>
				<category><![CDATA[A Culture of...]]></category>
		<category><![CDATA[Corporate Capitalism]]></category>
		<category><![CDATA[The Coming End of Pre-History (One Way or The Other)]]></category>
		<category><![CDATA[Jared Diamond]]></category>
		<category><![CDATA[social class]]></category>

		<guid isPermaLink="false">http://www.consumertrap.com/?p=3034</guid>
		<description><![CDATA[Wealth inequality and social decline.]]></description>
			<content:encoded><![CDATA[<p>“It’s not just the fact that the elites have all the wealth in a  society, but that they are disconnected from the problems. If the rich  and powerful still live the good life as society is spinning downhill,  they are not motivated to solve the problems.” (Jared Diamond)</p>
<p><a href="http://www.consumertrap.com/wp-content/uploads/2010/11/marie.jpg"><img src="http://www.consumertrap.com/wp-content/uploads/2010/11/marie-150x150.jpg" alt="marie antoinette" title="marie" width="150" height="150" class="alignleft size-thumbnail wp-image-3035" /></a><br />
<blockquote>Sanford C. Bernstein analyst Ali Dibadj saw in the third quarter a  &#8220;decoupling&#8221; of the luxury and prestige markets, also including LVMH and  Elizabeth Arden, from the mass marketers. And the results extended  beyond beauty, as Macy&#8217;s and Nordstrom showed increases in customer  traffic year over year last quarter even as the U.S. Walmart division  last week reported continued year-over-year declines in traffic for the  quarter ended Oct. 31, albeit improvements from the prior quarter.</p></blockquote>
<blockquote><p>&#8220;The luxury consumer is shopping again, and we are seeing our strategy  contribute to &#8230; prestige beauty growing faster than mass in many parts  of world,&#8221; said Estee Lauder CEO Fabrizio Freda on a conference call  with analysts last month. He pointed to U.S. beauty sales in department  stores and Sephora growing 4% last quarter, according to NPD Group,  while sales in mass channels grew only 1%.  (<em>Advertising Age</em>, &#8220;Prestige, Luxury Products Thrive as Mass Market Sputters,&#8221; November 22, 2010)</p></blockquote>
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		<title>Our Revolutionary Right/Duty</title>
		<link>http://www.consumertrap.com/2010/07/our-revolutionary-rightduty.html</link>
		<comments>http://www.consumertrap.com/2010/07/our-revolutionary-rightduty.html#comments</comments>
		<pubDate>Sun, 04 Jul 2010 16:03:31 +0000</pubDate>
		<dc:creator>Michael Dawson</dc:creator>
				<category><![CDATA[Lifelines]]></category>
		<category><![CDATA[Public Enterprise (Shouting Down, Crowding Out)]]></category>
		<category><![CDATA[The Coming End of Pre-History (One Way or The Other)]]></category>
		<category><![CDATA[declaration of independence]]></category>
		<category><![CDATA[revolution]]></category>

		<guid isPermaLink="false">http://www.consumertrap.com/2010/07/our-revolutionary-rightduty.html</guid>
		<description><![CDATA[Time for another one.]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.consumertrap.com/wp-content/uploads/2010/07/jefferson.jpg"><img src="http://www.consumertrap.com/wp-content/uploads/2010/07/jefferson.jpg" alt="jefferson" title="jefferson" width="92" height="105" class="alignleft size-full wp-image-2626" /></a> We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.</p>
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		<title>40 IQers and a Fool</title>
		<link>http://www.consumertrap.com/2010/05/40-iq-fool.html</link>
		<comments>http://www.consumertrap.com/2010/05/40-iq-fool.html#comments</comments>
		<pubDate>Mon, 17 May 2010 23:48:45 +0000</pubDate>
		<dc:creator>Michael Dawson</dc:creator>
				<category><![CDATA[A Culture of...]]></category>
		<category><![CDATA[The Coming End of Pre-History (One Way or The Other)]]></category>
		<category><![CDATA[Waste]]></category>
		<category><![CDATA[housing]]></category>
		<category><![CDATA[Las Vegas]]></category>

		<guid isPermaLink="false">http://www.consumertrap.com/?p=2401</guid>
		<description><![CDATA[Leave it to The New York Times to call this standard late-imperial effort to make a symptom into a cure "unlikely."]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.consumertrap.com/wp-content/uploads/2010/05/housefeast.jpg"><img class="alignleft size-thumbnail wp-image-2402" title="housefeast" src="http://www.consumertrap.com/wp-content/uploads/2010/05/housefeast-150x150.jpg" alt="" width="150" height="150" /></a>So, like, Las Vegas, the poster child for late capitalist heedlessness, is totally wrecked and doomed.  So, what are the local sellers and chasers doing down there?</p>
<blockquote><p>Home prices in Las Vegas are down by 60 percent from 2006 in one of the  steepest descents in modern times. There are 9,517 spanking new houses  sitting empty. An additional 5,600 homes were repossessed by lenders in  the first three months of this year and could soon be for sale.</p></blockquote>
<blockquote><p>The price declines in Las Vegas have been so brutal that most homeowners  with a mortgage owe more than their home is worth. If they must sell,  their only option is a so-called short sale done with the approval of  the lender, which can be a lengthy and frustrating process for all  concerned.</p></blockquote>
<blockquote><p>Yet builders here are putting up 1,100 homes, and they are frantically  buying lots for even more.</p></blockquote>
<blockquote><p>Las Vegas is trying to recover by building what it does not need. It is  an unlikely pattern being repeated in many of the areas where the  housing crash was most severe.</p></blockquote>
<p>Leave it to <em>The New York Times</em> to call this standard late-imperial effort to make a symptoms into a cure &#8220;unlikely.&#8221;</p>
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		<title>Keep an Eye on New Jersey</title>
		<link>http://www.consumertrap.com/2010/03/new-jersey-government-spending.html</link>
		<comments>http://www.consumertrap.com/2010/03/new-jersey-government-spending.html#comments</comments>
		<pubDate>Tue, 16 Mar 2010 19:09:53 +0000</pubDate>
		<dc:creator>Michael Dawson</dc:creator>
				<category><![CDATA[Bad Products]]></category>
		<category><![CDATA[Private-Sector Boondoggles]]></category>
		<category><![CDATA[Public Enterprise (Shouting Down, Crowding Out)]]></category>
		<category><![CDATA[The Coming End of Pre-History (One Way or The Other)]]></category>
		<category><![CDATA[christie]]></category>
		<category><![CDATA[government spending]]></category>
		<category><![CDATA[new jersey legislature]]></category>

		<guid isPermaLink="false">http://www.consumertrap.com/?p=2256</guid>
		<description><![CDATA[It&#8217;s actually far from funny.  But, after three decades of selling the more deluded crackers the notion that big government is the primary source of economic hardship and social discombobulation, there are now enough deep believers to not just elect peddlers of this laughable dogma, but a few major office-holders who are actually going to [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.consumertrap.com/wp-content/uploads/2009/01/roflmfao.jpg"><img class="alignleft size-full wp-image-798" title="roflmfao" src="http://www.consumertrap.com/wp-content/uploads/2009/01/roflmfao.jpg" alt="" width="200" height="131" /></a> It&#8217;s actually far from funny.  But, after three decades of selling the more deluded crackers the notion that big government is the primary source of economic hardship and social discombobulation, there are now enough deep believers to not just elect peddlers of this laughable dogma, but a few major office-holders who are actually going to try it all out.</p>
<p>One such is the perfectly-named Chris Christie, the doughy, mafia capo look-alike who was recently elected by the benighted part of the New Jersey electorate to be that state&#8217;s Governor.<a href="http://www.consumertrap.com/wp-content/uploads/2010/03/christie.jpg"><img class="alignright size-thumbnail wp-image-2257" title="christie" src="http://www.consumertrap.com/wp-content/uploads/2010/03/christie-150x131.jpg" alt="" width="150" height="131" /></a></p>
<p>According to today&#8217;s <em>New York Times</em>, Christie didn&#8217;t get the memo that actually cutting government is not something a good government-basher actually does upon reaching power:</p>
<blockquote><p>“Today, we are fulfilling the promise of a smaller government that lives  within its means,” Governor Christie said in remarks prepared for  delivery at 1 p.m. “The defenders of the status quo have already begun  to yell and scream. They will try to demonize me. They will seek to  divide us rather than unite us. But even they know in their hearts, if  not yet in their minds  — it is time for a change.”</p></blockquote>
<p>The plan?</p>
<blockquote><p>Over all, [Christie's] budget would shrink state spending by 9 percent from the  fiscal year that ends in June, to $28.3 billion.</p></blockquote>
<blockquote><p>Upending the priorities of his Democratic predecessors,  Governor  Christie  unveiled a budget that would hit the poor, elderly,  schoolchildren, college students and inner-city residents hardest, while  largely sparing the wealthy and businesses.</p></blockquote>
<p>It remains to be seen whether Christie can get this through the New Jersey legislature, given that most office holders, including those who peddle anti-government cant, secretly know that cutting government spending in the middle of a depression is a recipe for disaster.</p>
<p>But, if Christie gets his way, look for New Jersey to implode even faster than the rest of this deluded and dying empire.</p>
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		<title>American Un-Civilization</title>
		<link>http://www.consumertrap.com/2010/02/american-uncivilization.html</link>
		<comments>http://www.consumertrap.com/2010/02/american-uncivilization.html#comments</comments>
		<pubDate>Sat, 20 Feb 2010 20:42:09 +0000</pubDate>
		<dc:creator>Michael Dawson</dc:creator>
				<category><![CDATA[Assholes]]></category>
		<category><![CDATA[Bad Products]]></category>
		<category><![CDATA[The Coming End of Pre-History (One Way or The Other)]]></category>
		<category><![CDATA[oliver wendell holmes]]></category>
		<category><![CDATA[paying taxes]]></category>

		<guid isPermaLink="false">http://www.consumertrap.com/?p=2179</guid>
		<description><![CDATA[The demand of the American Revolution was &#8220;No taxation without representation.&#8221;  It was not &#8220;No taxation.&#8221; A hundred years later, Oliver Wendell Holmes frequently repeated the aphorism &#8220;Taxes are the price of civilization.&#8221; Now, facing profound national and global problems in the make-it-or-break 21st century, we have numb-nutters running around dressing up like Thomas Paine [...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignleft" src="/picture_library/gumbies.jpg" alt="" width="360" height="245" /> The demand of the American Revolution was &#8220;No taxation without representation.&#8221;  It was not &#8220;No taxation.&#8221;</p>
<p>A hundred years later, Oliver Wendell Holmes frequently repeated the aphorism &#8220;Taxes are the price of civilization.&#8221;</p>
<p>Now, facing profound national and global problems in the make-it-or-break 21st century, we have numb-nutters running around dressing up like Thomas Paine (who would have hated their guts) while being pandered to by morons like Scott Brown, who defends <a href="http://www.cbsnews.com/blogs/2010/02/19/blogs/coopscorner/entry6222326.shtml">psychotic, murdering crooks</a> by saying <a href="http://www.cbsnews.com/blogs/2010/02/19/blogs/coopscorner/entry6222326.shtml">&#8220;Certainly, no one likes paying taxes, obviously.&#8221;</a></p>
<p>The childishness of it all is breathtaking.  Do you like having a road on which to operate your motor vehicle?  A school for your child?  Are you one of the dupes who think &#8220;our troops&#8221; are fighting &#8220;for us&#8221;?  Do you enjoy knowing that the fire department will arrive if your house catches fire or you go into cardiac arrest?  Do you admit any contradiction between enjoying these things and Mr. Brown&#8217;s (massively dishonest &#8212; the Republican Party is never going to reduce the size of government, as doing so would draw a Depression that would make this Great Recession look like a Golden Age of prosperity) advocacy of an utterly juvenile anti-social worldview?</p>
<p>Not that the lying, bought-and-sold Democrats are an ounce better&#8230;</p>
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		<title>It&#8217;s the Capitalists, Stupid</title>
		<link>http://www.consumertrap.com/2010/02/capitalists-stupid.html</link>
		<comments>http://www.consumertrap.com/2010/02/capitalists-stupid.html#comments</comments>
		<pubDate>Mon, 08 Feb 2010 18:21:42 +0000</pubDate>
		<dc:creator>Michael Dawson</dc:creator>
				<category><![CDATA[Private-Sector Boondoggles]]></category>
		<category><![CDATA[The Coming End of Pre-History (One Way or The Other)]]></category>
		<category><![CDATA[capitalists]]></category>
		<category><![CDATA[personal income]]></category>

		<guid isPermaLink="false">http://www.consumertrap.com/?p=2157</guid>
		<description><![CDATA[One wonders whether the year 1928 doesn't have rather a great deal of relevance as history repeating itself.  2007 looks an awful lot like that former pinnacle, with eerily similar effects seemingly ensuing.]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.consumertrap.com/wp-content/uploads/2010/02/capitalist_pig.jpg"><img src="http://www.consumertrap.com/wp-content/uploads/2010/02/capitalist_pig.jpg" alt="" title="capitalist_pig" width="270" height="320" class="alignleft size-full wp-image-2158" /></a> From <a href="http://elsa.berkeley.edu/~saez/saez-UStopincomes-2007.pdf">economist Emmanuel Saez</a>, reporting on the share of personal income going to various percentiles of the U.S. households:</p>
<blockquote><p>Year 2007 [was] the second highest year on record since 1913 <strong>almost equaling 1928</strong>, the record year when the top percentile share reached 23.9 percent. Even within the top percentile, the gains from 2006 to 2007 are extremely concentrated. The top .01% (top 14,988 US families, making at least $11.5m in 2007) share increased from 5.46% in 2006 to 6.04% in 2007 leaving well behind the 1928 peak of 5.04 percent.</p></blockquote>
<p>One wonders whether the year 1928 doesn&#8217;t have rather a great deal of relevance as history repeating itself.  2007 looks an awful lot like that former pinnacle, with eerily similar effects seemingly ensuing, with the crucial difference that, behind the marketing facade, Obama is Hoover redux, not FDR II.</p>
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