When people lose faith in system fairness and if they deem that the system only serves the elite, is revolution then bound to happen in one form or another? Might it become inevitable? In some places of the world they've seen significant political changes recently because the younger generations or dismayed voters have felt current conditions to be intolerable to the point of some areas pushing for regime change in a drastic way.
Crony capitalism = where corporate monopoly meets bureaucratic privilege
Ignoring the problems might itself bring about forced change, we have seen this happen again and again throughout history.
an eroding standard of living thanks to loss of purchasing power?
Unfortunately most people have confused free market capitalism with the bastardized version that we operate with today around the world, but they are not the same.
Crony capitalism brings about undesirable results like we see today, where the state can act as gatekeeper deciding who gets an opportunity to try and rise up and do better in life. Through permits, subsidies, occupational licensing, and other barriers, and these restrictions work to protect already elite and entrenched players in the game. Real capitalism the free market kind however offers true and open opportunity to all.
just keep printing, just keep printing
The central banks manipulation in the market also has a role to play here as well in serving corporate interests as well as political, they can enrich prices for a few while debasing wages and savings for millions of others with their policies.
Are we seeing now economic authoritarianism masquerading as a Constitutional Republic or democracy?
To make matters worse, the general public might not be likely to recognize who is behind their problems, their eroding standard of living, or lack of liberty, and they might call for more of the same from the people who caused issues in the first place for them.
For those who might turn to the state it's then going to bring yet another “solution” which will add another layer of bureaucracy and dependency, this arguably grows the anti-liberty machine fueling such unnatural imbalance in the first place. For those on the left who so often want to criticize the wealth inequality, it might make you wonder why they largely ignore discussions on central banks and the idea of loss of purchasing power over time and they don't seem to question why that is happening in the first place. Instead these representatives want to run up even more debt and act as if money falls from the sky, when we know how purchasing power erosion and inflation are connected. How do you help people by making life harder for them?
Those who push for massive spending should first educate the public on how money is created to begin with and what the downstream consequences of that might be. If you even want to pretend that you're the least bit interested in addressing inequality one must address the underlying system.
pic:pixabay