Authoritarianism rises in societies with broken social contracts, that are failing the average person.

Granted. And this is how we got two of the most authoritarian laws passed in decades. The first was Dodd-Frank, which purported to end “too big to fail”, but in fact granted the big banks permanent government funding should a meltdown occur again, and gave them a perpetual competitive advantage over their competitors, the regional banks. The second was the ACA, which put a sixth of the US economy under extreme government regulation, while providing a pre-paid medical programme for the lower and middle lower income brackets that never had a chance of being fiscally sustainable.

And now, the “anti-authoritarians” are starting to talk about the Mother of All Authoritarian Actions, something called “basic income”.

Wake me up when the anti-authoritarians stop pontificating, and actually stop backing authoritarian economic measures.

Written by

Data Driven Econophile. Muslim, USA born. Been “woke” 2x: 1st, when I realized the world isn’t fair; 2nd, when I realized the “woke” people are full of shit.

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