Source: Charles Hugh Smith
Privilege serves the same purpose–benefiting the few at the expense of the many–regardless of the system’s ideological labels.
The righteous disgust with the status quo that spawned the broad-based campaigns of Bernie Sanders and Donald Trump is not unique to the U.S.Globally, those disenfranchised by the status quo–the unprivileged, or in Peggy Noonan’s phrase, the unprotected– are starting to express their discontent in the streets, in social media and in elections.
Why are people around the world angry? It’s obvious to everyone in the unprivileged classes and a mystery to the “we’re doing just fine here, what’s your problem?” privileged classes: The system is rigged to benefit the protected few and marginalize the unprotected many.
The problems are not just political; they are structural. As I outline in my new book, Why Our Status Quo Failed and Is Beyond Reform, there are two structural engines of disorder at the heart of the system:
1. Automation, software and the forces of globalization are disrupting jobs and wages everywhere.
2. Centralized hierarchies and the forces of financialization have extended the power of privilege globally so the few are benefiting at the expense of the many, as revealed in this chart of global wealth: