The middle class is not democratizing economically or politically. The middle class is not taking control of its money and instead the middle is rapidly transferring money from its savings into the massive market profits for the super rich. The middle class should immediately abandon any transfers from savings into the stock market and preserve their wealth, but instead they will be lured into hedge funds and mutual markets speculating that someday they will be super rich.

Richard Goodwin said, “money establishes priorities, holds down federal revenues, revises federal legislation, shifts income from the middle class to the super rich.” “Money restrains the enforcement of laws written to protect the country from abuse of wealth-laws that mandate environmental protection, anti-trust, laws to protect the consumer against fraud, laws that safeguard the securities market…and more.” Money in Babylon has become all powerful, while reform has dawdled. Politics has capitulated to the Market barons. For example, lobby investment dollars can turn a 100,000% return. Manufacturers craft industry-specific subsidies, insert tax breaks into code, extend patients or give away public property for free. The Timber industry spent $8 million in campaign contribution to preserve the logged road subsidy worth $458 million. Glaxo Wellcome spent $1.2 million to get a 19th month extension on Zantec worth $1 billions. The tobacco industry spent $30 million in tax contribution for tax breaks totaling $50 billion.

Historically, conspicuous consumption became a pillar of statecraft in Venice. Licentiousness stimulated art demand increasing competition for nude paintings. The market attacked and destroying all moral codes inhibiting content in the market and lead to opulence, extravagance, and vice. “The world we inhabit today, with its ruthless competitiveness, fierce consumerism, restless desire for ever wider horizons, discovery, and innovation…is a world which was made in the Renaissance.” Renaissance emerged as Materialism philosophy reigned supreme; objective argument provided the ideology within the corrupting gatherings of individuals. American Renaissance and industrialism embraced Darwinism. Darwinism represented the longest-lasting philosophic shield held up by the American Wealth Accumulators: Andrew Carnegie, John D. Rockerfeller, Chauncey Depew, and James J. Hill. The trinity materialistic God equaled Darwinism, conspicuous consumption, and self interest. The Renaissance lionized the idols of consumption, the top artist and purveyors of luxury goods: Bottielli, Titan, Michelangelo, and Leonardo da Vinci. Monetarist, Milton Friedman said, “Greed was the basis to society” and wanted a system “setup an arrangement under which greed will do the least harm. Capitalism is that kind of system.”

Chicago University indoctrinated students with doctrines of big business. Public choice argued American law was a system of commands, prohibitions, and rules often contradicting and countermanding, the “natural logic” of the markets. The cleansing of the law of interferences like government regulation worked to facilitate the freedom of the markets. Disillusionment strengthened and market utopia was a idealism not a reality. Consumption drove debt burdens. Debt burdens peaked in the 1920s, 1960s, 1980s, and 1990s. Debt is the double edged sword that threatens the wealth accumulation of the super rich. The super rich flee markets heavy in debt at a certain point of no return. “Speculative excesses supported by the tendencies of elites spin illusions for themselves and the less-sophisticated public about the new capacities of government and private sector management. Manias require convincing siren songs: insisting that things really are different this time, financially as well as technologically.” Debt has transformed the two headed eagle into on head. The fed and the treasury, in a sense have become joint, proactive managers of the multi-trillion dollar “USA fund”. Markets economies might be claim, but globalizing U.S government economic management has become the game.