Series

The Situation

Editor: Sam Gödel-Conway 7 entries

A curated selection from the forum.

All posts All series

Showing entry 2 of 7 (oldest first)

Entries per page

The Situation 2

Post #142

The purpose of a system is what it does

What the System Does:

- It moves wealth upward.
- It shields institutions from accountability.
- It converts crises into expansions of technocratic power.
- It ensures that the people who bear the losses - pensioners, depositors, taxpayers - have no meaningful say in the rules that produced those losses.
- It writes the next chapter of control before the current chapter collapses, then waits for the collapse to make the chapter look like a rescue.
- It removes constraints so bubbles can form, then blames the bubbles on market excess, then demands more authority to prevent the next one.
- It maintains the fiction of democratic control over economic policy while steadily transferring that control to bodies beyond electoral reach.

That's what it does. So that’s what it's for.

Source:
https://substack.com/@escapekey/note/c-277226214