Chris Hedges sees dark days ahead. The reincarnated robber barons are now in charge. And capitalism is in deep trouble:
We are entering the twilight phase of capitalism. Wealth is no longer created by producing or manufacturing. It is created by manipulating the prices of stocks and commodities and imposing a crippling debt peonage on the public. Our casino capitalism has merged with the gambling industry. The entire system is parasitic. It is designed to prey on the desperate—young men and women burdened by student loans, underpaid workers burdened by credit card debt and mortgages, towns and cities forced to borrow to maintain municipal services.
Casino magnates such as Sheldon Adelson and hedge fund managers such as Robert Mercer add nothing of value to society. They do not generate money but instead redistribute it upwards to the 1 percent. They use lobbyists and campaign contributions to built monopolies—this is how the drug company Mylan raised the price of an “EpiPen,” used to treat allergy reactions, from $57 in 2007 to about $500—and to rewrite laws and regulations. They have given themselves the legal power to carry out a tax boycott, loot the U.S. Treasury, close factories and send the jobs overseas, gut social service programs and impose austerity. They have, at the same time, militarized our police, built the most sophisticated security and surveillance apparatus in human history and used judicial fiat to strip us of our civil liberties. They are ready should we rise up in defiance.
The new lords of the manner are just as repulsive as William Faulkner's people. Faulkner's novels are populated by low lifes like the Snopes family:
The Snopeses filled the power vacuum of the decayed South and ruthlessly seized control from the degenerated, former slave-holding aristocratic elites. Flem Snopes and his extended family—which includes a killer, a pedophile, a bigamist, an arsonist, a mentally disabled man who copulates with a cow, and a relative who sells tickets to witness the bestiality—are fictional representations of the scum now elevated to the highest level of the federal government. They embody the moral rot unleashed by unfettered capitalism.
It's hard to read a Faulkner novel -- because the characters are so repellent. Now they have come off the Nobel Prize winner's page and made their way to the top of American society. We are in for dark days indeed.