That self confessed capitalist Nick Hanauer wrote a most interesting piece ‘the Pitchforks are coming for us’. I also believe in the free market system however there are some worrying trends gaining momentum. The pressure to keep wages down, the continuation of cost cutting at the expense of workers and the middle classes. Mix these elements with the greed levels of a considerable number of the management elite and the massive year on year increase in living costs, political games over fuel and profit pressures along with low salary increases and you have a formula for disaster. It would seem that the political and management classes are moving towards a major own goal for society in general.There is no balance to the direction currently being taken by business and political leaders apart from maximizing profit for a select few.
We are moving towards a working class and middle class society that will not be able to afford proper living conditions. The gap between the working class, middle class and wealthy is widening at an alarming greed fueled rate. As a society we are fast reaching a stage where the classes below the extremely wealthy will not be able to sustain paying rising fuel, utilities and food bills. Without the less wealthy classes it will also be impossible for the wealthy classes to maintain themselves. Once you have a breakdown within the producing classes there is no production from which the wealthy can profit. You can add to this in an aging world population, poor pension performance and annuity rates all adding to a majority deprived of a reasonable lifestyle.
Once the greater population can’t sustain itself there will come more and more civil unrest and there will be only one of two outcomes total economic breakdown or a war – history repeats. I am not saying this is the current conclusion what I am saying is it is becoming imperative that our leaders get a strong grip on living costs and living income while curbing the greed levels of management. Nick Hanauer is correct push the producing classes to Banking Practices,a level that they can’t survive at and you leave the wealthy classes with no buyers and no profit.
Shane Aurousseau .