That The Hidden Looting by the Rich leads to the Physical Looting by Those Who’ve Been Looted is so obvious that it is strictly taboo in the polite circles of those tasked with protecting The Hidden Looting by the Rich behind the cliches of “market forces” and the many carefully obscured mechanisms of state subsidies, tax giveaways, insider trading, market manipulation, and so on.
An astute reader summarized the dynamic succinctly: “Looting by the rich is hidden, silent, not criminalized while the physical looting by the poor is overt, thunderous and criminal.”
Note that “the market” doesn’t dictate what is legal and what is criminalized; the state dictates what is legal and what is criminal. This establishes the second truth which is taboo in the status quo:
“The Market” and the State are one system. Every claim that these are separate is self-serving misdirection/artifice. Consider the difference between what happens when Average Citizen contacts their state representative or a regulatory agency, and what happens when Tech Bro Billionaire contacts their state representative or a regulatory agency with an offer to fund $10 million of campaign contributions if various regulations and tax codes are amended.
The truth is “the state” is a “market” for corruption and self-service in which the “market” is hidden from view: The auction that dictates what’s legal and what’s criminal is won by the highest bidders, who are of course the wealthiest and most powerful few, who then dictate state policies that expand and protect their wealth and power by looting the powerless many.....
As in any conflict staged for show, “the market” is glorified as the saint and “the state” is demonized- or, on other stages, the roles are reversed. Neither staging reflects the truth: there is only one system, and the only possible output of this morality-free system of self-enrichment is the terminal expansion of looting until the system breaks down.
Legal looting by the rich–who have eliminated both the moral foundations of society and avenues of Redress as impediments to the ceaseless expansion of their wealth and power–leads to uncontrollable looting by those who have been looted– retribution. I address all these dynamics in my book Investing In Revolution. If you can find another book that explains everything I explain, by all means buy that book. But there is no other such book to my knowledge.