The people finally realized that we are serfs in a feudalistic system
“These are the Times. . .”
By John Perkins
“A man in debt is so far a slave.” – Ralph Waldo Emerson
My job as an economic hit man during the 1970s was to enslave nations that had resources our corporations coveted by burdening them with debts they could never repay. We then demanded that they sell those resources cheap, without social or environmental regulations, to our corporations.
It was an incredibly successful strategy. In essence it created the world’s first truly global empire and the first one that was not built primarily through military occupations. It also transformed geo-politics. The power of elected officials was usurped by those who sit at the top of the multinational corporations (the ‘corporatocracy’).
This success led to the realization that similar strategies could be applied in the United States in order to emasculate a population that was exerting its democratic rights in ways that threatened the corporatocracy – forcing an end to the highly profitable Vietnam War, demanding racial and gender equality, increasing social security, Medicare, education, and other services.
By 1980, the Reagan administration understood that its most effective weapon to protect corporations against labor movements was debt. Borrowers were deceived into believing that they were paying low interest rates when in fact balloon payments, adjustable rate mortgages, and other technically complex packages resulted in higher overall rates that made it increasingly difficult to break the shackles of debt.
This story continued. Regulations that protected our rights were demolished. New wars erupted. Family businesses were wiped out by the unfair practices of huge chains. The media was commandeered by a handful of giant conglomerates. Unemployment, poverty and foreclosures escalated. The upward trend line of a growing and prospering middle class plummeted.
We the people fell into a trance of lethargy.
We have finally realized that we are serfs of a system that reflects the feudal Middle Ages. Modern-day lords of the castle, the corporatocracy had convinced us – we who live outside the walls and supply all the food and conveniences for them – that if we didn’t pay our “debts” and service their every desire we would be raped and pillaged by soldiers from neighboring castles. But we are no longer buying their lies.