Fully Oligarchic Luxury Californication

Subject: Fully Oligarchic Luxury Californication Tue Jun 29, 2021 6:51 pm

The tech elite have joined forces with progressive visionaries to establish a model of America’s feudal future.

What happens in California matters well beyond its borders. The Golden State’s cultural and technological influence on America, and the world, now could provide the nation’s next political template.

Fully Oligarchic Luxury Californication GettyImages-1314703003

Fully Oligarchic Luxury Californication GettyImages-1314703003

What California is creating can be best described as oligarchic socialism, a form of collectivism that combines hierarchy with “equity,” regulation with oligopoly, and progressive intentions with feudal results. Like so much else, the pandemic has accelerated this trend, vastly enriching the tech elite, while turning much of the working and middle classes dependent on what Marx called “the proletarian alms bag.”

In contemporary California, traditional notions of economic development and upward mobility have been replaced by subsidized housing, a state bailout for renters in default emergency aid to small businesses and enhanced unemployment payments. Once all the state’s new commitments are met California’s much ballyhooed $75 billion surplus, Chapman economist Jim Doti estimates, shrinks to a still considerable $25 billion.

With such a rich surplus, other states would consider either spending the extra cash, as Texas and other states do, on economic development, either through tax cuts, regulatory holidays, or incentives. But work and upward mobility for the middle and working classes are no longer a prime concern in the Golden State. “The culture for much of California, driven by state politics, is one of benefits (and now guaranteed income), not a jobs strategy or expectation,” suggests Michael Bernick, a former director of the state’s Employment Development Department.

https://americanmind.org/salvo/fully-oligarchic-luxury-californication/

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Fully Oligarchic Luxury Californication

Fully Oligarchic Luxury Californication

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