Douglas Rushkoff: Throwing Rocks at the Google Bus—How Growth Became the Enemy of Prosperity

I Know Why Poor Whites Chant Trump, Trump, Trump

I met the man who said those words while working as a bartender in the Ozark Mountains of northwest Arkansas. It was a one-street town in Benton County. It had a beauty parlor, a gas station, and a bar where locals came on Friday nights to shoot the shit over cheap drinks and country music. I arrived in Arkansas by way of another little town in Louisiana, where all but a few local businesses had boarded up when Walmart moved in. In Arkansas, I was struggling to survive. I served drinks in the middle of the afternoon to people described as America’s “white underclass” — in other words, people just like me.

Across the highway from the bar was the trailer park where I lived. I bought my trailer for $1000, and it looked just like you would imagine a trailer that cost $1000 would look. There was a big hole in the ceiling, and parts of the floor were starting to crumble under my feet. It leaned to one side, and the faint odor of death hung around the bathroom. No doubt a squirrel or a rat had died in the walls. I told myself that once the flesh was gone, dissolved into the nothingness, the smell would go away, but it never did. Maybe that’s what vermin ghosts smell like.

I loved that trailer. Sitting in a ratty brown La-Z-Boy, I would look around my tin can and image all the ways I could paint the walls in shades of possibility. I loved it for the simple reason that it was the first and only home I have ever owned.

My trailer was parked in the middle of Walmart country, which is also home to J.B. Hunt Transportation, Glad Manufacturing, and Tyson Chicken. There is a whole lot of money in that pocket of Arkansas, but the grand wealth casts an oppressive shadow over a region entrenched in poverty. Executive mansions line the lakefronts and golf courses. On the other side of Country Club Road, trailer parks are tucked back in the woods. The haves and have-nots rarely share the same view, with one exception: politics. Benton County has been among the most historically conservative counties in Arkansas. The last Democratic president Benton County voted for was Harry S. Truman, in 1948...

http://www.stirjournal.com/2016/04/01/i-know-why-poor-whites-chant-trump-trump-trump/

Conned, seduced and intimidated by The Rich

Governments deliberately create economic crises so that they then have an excuse to privatize public property and reduce spending on the poor.

"The financial oligarchy ... has embarked on an unprecedented economic coup d’état against the people, the ravages of which include extensive privatization of the public sector, systematic application of neoliberal austerity economics and radical redistribution of resources from the bottom to the top...

http://aangirfan.blogspot.com/2013/11/conned-seduced-and-intimidated-by-rich.html

Federal Spending Grew Nearly 12 Times Faster than Median Income

http://www.heritage.org/federalbudget/growth-federal-spending

Plutonomy: Buying Luxury, Explaining Global Imbalances.

SUMMARY

• ➤  The World is dividing into two blocs - the Plutonomy and the rest. The U.S., UK, and Canada are the key Plutonomies - economies powered by the wealthy. Continental Europe (ex-Italy) and Japan are in the egalitarian bloc.
  
• ➤  Equity risk premium embedded in “global imbalances” are unwarranted. In plutonomies the rich absorb a disproportionate chunk of the economy and have a massive impact on reported aggregate numbers like savings rates, current account deficits, consumption levels, etc. This imbalance in inequality expresses itself in the standard scary “ global imbalances”. We worry less.
  
• ➤  There is no “average consumer” in a Plutonomy. Consensus analyses focusing on the “average” consumer are flawed from the start. The Plutonomy Stock Basket outperformed MSCI AC World by 6.8% per year since 1985. Does even better if equities beat housing. Select names: Julius Baer, Bulgari, Richemont, Kuoni, and Toll Brothers... 

http://www.sourcewatch.org/images/8/86/CITIGROUP-OCTOBER-16-2005-PLUTONOMY-MEMO.pdf

Alternative 4 - i,ROBOT - A.I. Reloaded! - YouTube