Thursday , November 23 2017
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No More Consent of the Conned?

Summary:
Every single line item in our entire Bernie Madoff scam of a system is cooked. My theme this week is The Great Unraveling, by which I mean the unraveling of our social-political-economic system of hierarchical, centralized power. Let’s start by looking at how the basis of governance has transmogrified from consent of the governed to consent of the conned. In effect, our leadership leads by lying. As we know, when it gets serious, you have to lie to preserve the perquisites and power of those atop the wealth-power pyramid, and well, it’s serious all the time now, so lies are the default setting of the entire status quo. But all too many of us are willing to accept the lies because they’re what we want to hear. As any competent con-man

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Every single line item in our entire Bernie Madoff scam of a system is cooked.

My theme this week is The Great Unraveling, by which I mean the unraveling of our social-political-economic system of hierarchical, centralized power. Let’s start by looking at how the basis of governance has transmogrified from consent of the governed to consent of the conned.

In effect, our leadership leads by lying. As we know, when it gets serious, you have to lie to preserve the perquisites and power of those atop the wealth-power pyramid, and well, it’s serious all the time now, so lies are the default setting of the entire status quo.

But all too many of us are willing to accept the lies because they’re what we want to hear.

As any competent con-man knows, you can only con those who want to be conned. You can only scam the marks who want to believe that what’s obviously too good to be true is in fact true.

The story of scams such as Bernie Madoff’s isn’t that canny Bernie victimized helpless wealthy people; the untold story is that all those “victims” wanted to believe that something that was obviously too good to be true–incredibly high returns, logged month after month and year after year like clockwork–was in fact true because their greed made them more than just vulnerable to being scammed–they wanted to be bamboozled by Bernie.

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Victims of scams naturally deny their own culpability. It’s extremely uncomfortable to admit that greed didn’t just blind us to a patently impossible yield; we wanted to be conned because it felt so wonderful to believe we richly deserved unearned wealth.

All wealth is “earned” to those doing the skimming. The greatest con machine of all time, Wall Street, judiciously refers to every skim and scam as “earnings.”

And so the “victims” blame our lying leaders for telling them what they want to hear. You see how the webs of self-interest reinforce each other: those atop the wealth-power pyramid secure their position by lying persuasively enough to gain The Consent of the Conned–those who give their consent to a visibly corrupt and unsustainable status quo because that status quo is promising to provide too good to be true goodies.

In other words, the lies are constantly compounding: the leadership lies to themselves– we have to lie to keep everything glued together for the good of the people–when their real motivation is to keep the system glued together because the system gives them wealth and power.

If we can be honest for a moment, we might admit that representational democracy encourages leaders to issue too good to be true promises because those promises win votes.

Those on the bottom of the wealth-power pyramid accept the too good to be true assurances because that’s exactly want we want to hear: that we all deserve a piece of the unearned wealth that, like Bernie Madoff’s painfully impossible scam, flows in permanent abundance via some sort of financial magic.

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Charles Hugh Smith

Charles Hugh Smith is an American writer and blogger. He is the chief writer for the site “Of Two Minds”. Started in 2005, this site has been listed No. 7 in CNBC’s top alternative financial sites. His commentary is featured on a number of sites including: Zerohedge.com., The American Conservative and Peak Prosperity. He graduated from the University of Hawaii, Manoa in Honolulu. Charles Hugh Smith currently resides in Berkeley, California and Hilo, Hawaii.

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