The Dukes at Versailles
Oratory topic, MN high school (oh to be a kid again)
King Louis IVX was a pretty savvy fellow. He builds Versailles a ridiculous monument to decadence. He was trying to consolidate power into his hands from the dukes and various local douchebags that controlled everything. So he builds his monumen, and invites the dukes to join him.
What do they do? They go, and they become so enraptured by everything they spend all of their time and money and wealth and power at Versailles. Transferring it essentially, to Louis. They have no power and rely on Louis to allow them the opportunity to run their shit etc. So there is controlling all of France. How absolutely clever!
The lesson being that if we sell our wealth we'll lose our power and control etc.
What do businesses and neo-liberal governments do? Sell off(privatize) as much of their shit as possible because the private sector is more efficient. Outsourcing is cheaper so let's buy all of our shit and not produce anything. Even though we are the most productive nation in the world we import huge amounts of shit. It doesn't seem to make sense that we can import so much without somehow paying for it.
Well, china sells us shit and immediately buys US debt, keeping inflation low. We are indebted to China, they have (arguably limited) control over our pursestrings. We also buy a lot of our stuff on inflated houseing and credit cards. Lots of debt, means lean times in the future.
The chinese sell us cheap shit and we just smile and take it and then have nothing to sell ourselves... How Clever!
butz
King Louis IVX was a pretty savvy fellow. He builds Versailles a ridiculous monument to decadence. He was trying to consolidate power into his hands from the dukes and various local douchebags that controlled everything. So he builds his monumen, and invites the dukes to join him.
What do they do? They go, and they become so enraptured by everything they spend all of their time and money and wealth and power at Versailles. Transferring it essentially, to Louis. They have no power and rely on Louis to allow them the opportunity to run their shit etc. So there is controlling all of France. How absolutely clever!
The lesson being that if we sell our wealth we'll lose our power and control etc.
What do businesses and neo-liberal governments do? Sell off(privatize) as much of their shit as possible because the private sector is more efficient. Outsourcing is cheaper so let's buy all of our shit and not produce anything. Even though we are the most productive nation in the world we import huge amounts of shit. It doesn't seem to make sense that we can import so much without somehow paying for it.
Well, china sells us shit and immediately buys US debt, keeping inflation low. We are indebted to China, they have (arguably limited) control over our pursestrings. We also buy a lot of our stuff on inflated houseing and credit cards. Lots of debt, means lean times in the future.
The chinese sell us cheap shit and we just smile and take it and then have nothing to sell ourselves... How Clever!
butz
posted by Butz | 2:42 PM
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