Latest rumor I’ve heard: there’s a structural problem in the US labor market. A severe shortage of skilled servants for billionaires depresses the economy.
Via Pragmatic Capitalism:
Ideally, you and I own Washington. After all, government is merely an entity that the private sector uses to further its own prosperity. It is not intended to be some sort of competing entity. Government is not to be run for its own benefit, but for the benefit of the people it was created to serve. And over the last 25 years Washington has become increasingly owned by one segment of the population – the FIRE industries.
Aha. The plutocrats aspire to a 19th century lifestyle. The Maid’s Room is back. This time even with a bathroom. How generous! Via The New York Times.
Jean-Claude Trichet delivered an amazing speech for being honored with the Karlspreis in Aachen. To paraphrase our new Viking Chieftain Jean-Claude: “Would it go too far if we envisaged, at this second stage, that we — the EU vikings in liaison with the ECB vikings — invade a country which is still not delivering, plunder its treasures and subjugate its labor force.”
There’s no need for me to comment on this speech further. Others have already done so already in a brilliant way. Please read Bill Mitchell’s When the elites wine and dine together and hand out prizes to each other and Michael Hudson’s EU: Class War Declared.
