My dad thinks I’m a socialist because I don’t think utility companies represent capitalism.
“Nobody can compete with Duke Energy.” – I said. “That’s not a free market.”
If someone wanted to start a competitive energy business, the costs and regulations would be overwhelming and nearly impossible to do. Even if you had a product to compete, like a solar product, the lobbyists for Duke Energy would exert pressure on the politicians and you’d be squeezed out before you could get started.
It’s not capitalism.
It’s fake, phony, crony capitalism.
Unfortunately, America is full of these type of industries.
Five companies control 90% of everything you see on television, the newspapers, and movies. Only five.
The internet is dominated by Facebook, Google, Amazon and Twitter and all are powered by a shared underlying technology that captures our personal data and resells it for profit without our consent. What’s worse is that they didn’t create the technology, they, with help from their paid politicians, usurped it from our own government.
Our banking system is dominated by financial institutions on Wall Street who trade on information not available to the general public. To boot, they regularly get bailed out in economic downturns. These institutions are “too big to fail.”
Although I’m against all of these corrupt institutions, and I don’t consider myself a socialist, I find myself agreeing with a lot of what the socialists have to say.
Men and women work their whole lives building their wealth and instead of leaving it to their heirs, they give it back to the overpriced health care system in their final days of life. Their kids, desperate to get ahead, take on debt to get an education that doesn’t quite provide a job that pays enough to settle that debt. All while these institutions profit quite nicely.
People just want a fair shot at earning a living. Socialism comes from the hearts and minds of well intentioned people.
Crony capitalism even rears its ugly head during the current pandemic.
Wal-Mart is open, yet small coffee shops are shut down. Amazon’s business just rolls along while local bookstores are closing. Home Depot is open while local gyms, dentists, and restaurants across the country are draining their life savings to keep their business afloat.
America has lost it’s way and left individuals and small businesses behind. Capitalism? I don’t think so.
Even so, don’t fret, I think something good, no, something great is coming–devolution.
You’ve heard of evolution, well this is the opposite. Devolving. Getting less centralized. Going back in time. To a simpler and better place.
For a few years now, I’ve seen the economic collapse coming. These corrupt institutions, and the debt system that props them up, are coming to an end. The bankruptcy of the United States of America is well into it’s final stages and once it’s settled there will be a fresh start.
On the other side will be a wealth transfer from these institutions to everyday Americans as the devolution begins. Technology and information hoarded by those in New York and Palo Alto will be democratized to middle America.
The giant internet companies, along with the corporate media will be broken up either by the weight of their corruption or by legislation.
Banks, health care, education, will all be decentralized. No longer propped up by politicians and debt, these mega institutions will be completely destroyed as they won’t be able to compete with the smaller, more nimble, more affordable competitors.
You don’t think it will happen?
It’s already started.
Traditional banks are being replaced by banking apps. Doctors and teachers are practicing their craft from their dining room tables right now. Decentralized. No large institution needed. No tax money needed.
The devolution continues.
According to polls 40% of parents are considering homeschooling. Jack Dorsey, CEO and founder of Twitter, recently emailed his employees granting them remote work status, even after Corona has been solved.
More and more high school graduates are opting out of a high debt college education, opting instead for traditional trade schools and apprenticeships.
As schools lose customers, (notice I didn’t say students), and Twitter leaves their commercial office space, the devolution will be accelerated.
How will the devolution impact you and me? How should we prepare to take advantage of this new world?
First, I think we need to embrace the only constant in life, change. Radical change.
Next, we need to take the opportunity to grow. Read. Take classes. Pursue interests for which we have passion. Make something. Solve a common problem. Start a side business. Begin a blog.
As our inner voice calls us to build, produce, and create, I think we should lean into our unique differences and find a way to serve our fellow man.
The unique you. The unique me. Monopolies in our own right. Even Duke Energy won’t be able to compete.