Source: OfTwoMinds blog, by Charles Hugh-Smith
We’ve been persuaded that the state-cartel Plantation Economy is “capitalist,” but it isn’t. It’s a rentier skimming machine.
I have often discussed the manner in which the U.S. economy is a Plantation Economy, meaning it has a built-in financial hierarchy with corporations at the top dominating a vast populace of debt-serfs/ wage slaves with little functional freedom to escape the system’s neofeudal bonds.
Since I spent some of my youth in a classic Plantation town (and worked on the plantation as a laborer in summer), the concept of a Plantation Economy is not an abstraction to me, but a living analogy of the way our economy works.
Wal-Mart and the Plantation Economy (August 24, 2010)
Colonizing the Plantation of the Mind (August 25, 2010)
We Need a Social Economy, Not a Hyper-Financialized Plantation Economy (November 12, 2015)
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