An interesting comment for those of you who follow my theory on the dynamics of power groups and why Plato believed all states have the seeds of their corruption and decadence.

"I feel completely blessed to be alive right now. To be a witness and participant in a moment in human history that will be written about and passed down in tales for as long as humanity remains on this planet. We are currently observing the evaporation of what Nazis referred to as “The Big Lie.” In very basic terms the concept of The Big Lie is that if you are going to lie you may as well lie big. So big in fact that the majority of well meaning citizenry could never imagine anyone lying on such a grand scale (particularly not their government “officials”) so that they don’t even question the basis of their own reality. In the case of the United States the Big Lie is that we have a free market capitalist economy. Instead we have a corporatist/fascist economy that enriches three main groups. Wall street financiers, the military industrial complex and large multi-national corporations that don’t pay taxes. So that begs the question, how can the American people be so brainwashed into thinking they live in this false reality? It’s very easy. It’s all about the money." Mike Krieger

My theory is that the dynamics concerned in the search of power and wealth typical of every living being leads to an increasing concentration of power and wealth in the hands of few power groups. The outcome is corruption and the decadence of the state and much slower economic growth.

In other words, the income of the general population decreases with the increase of the concentration of power and wealth in the hands of few power groups. See for instance what happens in dictatorial regimes.

Is our economy growing too slowly because power and wealth is being concetrated in the hands of few power groups? Only time will tell.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest

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