What is a baby boomer?

I’ve mentioned them in a lot of things I’ve written about – they are the cause of virtually all the problems in the world. In case you are wondering what a baby boomer is, here is what I am talking about when I mention a baby boomer. Baby Boomer = White (non Jewish, non Hispanic) … Continue reading “What is a baby boomer?”

I’ve mentioned them in a lot of things I’ve written about – they are the cause of virtually all the problems in the world. In case you are wondering what a baby boomer is, here is what I am talking about when I mention a baby boomer. Baby Boomer = White (non Jewish, non Hispanic) American born between 1941 and 1961. I realize that many definitions make them from later or earlier – but essentially they are kids born during or after World War II but before Vietnam to white American parents without Jewish or Hispanic heritage. There you go. Note: There are good baby boomers, but they are very rare.

special note before baby boomers leave comments: No one cares

Social Insecurity and the Unpleasant American Dream

I’m certain that I’m not alone. I have no retirement plan. There is no windfall waiting for me. No inheritance or IRA sits patiently waiting for my time of need. I have enough debt to keep me awake at night from time to time. No social safety net protects me or my family from a very hard fall – a fall that could be triggered by an accident, an extreme weather event, or sudden political chaos – all of which could be imminent. I am sure that I’m not alone in my social insecurity and the dark pit of hopelessness that looms around each and every corner. This is the unpleasant American Dream realized – constant dread of financial disaster which is coming whether I like it or not.

Is it my own fault? Certainly I have made many of the decisions that have brought me here. I could have stayed in the Marines for twenty years. I could have gone to University right after graduating high school in 1990 instead of going in the Marines and deferring a degree until 2008. I could have stayed in a number of careers that didn’t bring me joy -I could have pursued a management career in hospitality, I could have remained an Air Traffic Controller, I could have stayed a stock broker or an insurance agent, I could have stayed in Hawaii after graduating and taken any job that might have been available at the height of the recession, I could have stayed in radio, I could have persevered in a tech career after the dot-com bust, and so on. I second guess my life decisions all the time. I made them, I live with the consequences – but there is no going back. At the time, I made the best decision that I could and did what I thought was best for my future. Usually, those decisions had very little to do with finance and much more to do with things like ethics, spiritual beliefs, and an awareness that life is transitory and if I didn’t take the time to live while I was young, I would someday be old and regret that I had not. My life is worthy, my experiences a joy and comfort, and my integrity mostly intact.

But this is the United States of America – the country I was raised in was a country formed by revolutionaries and shaped by organized labor. A country with laws to protect workers, the poor, the sick, the elderly, the insane and handicapped. We were supposed to have social security and peace of mind in our old age. I’m not old yet – mid-life at worst – but I don’t see any sort of retirement or ease of living in my American future. I see a nightmare. For two decades now, I’ve seen senior citizens filling the low wage workforce – working in jobs that in my youth belonged to high school students. Senior greeters at Walmart and Senior fry cooks at McDonalds. In the 1970s and 1980s – I remember people having retirement parties when they reached age 65 – When was the last time you heard about someone actually retiring? Yes, it happens in government and maybe in some other isolated fields – but not in my world. I have some friends who will retire – but not many. Most of us will have to scrabble until the day we die for enough to pay our insurance, buy prescriptions, pay heating bills, and buy food. That’s the fate of the majority of us in the United States.

I don’t know why, but I thought we were better than that. We’ve elected billionaires who have put millionaires and billionaires in charge of the public protections and we’ve gotten what we pay for. And when you elect billionaires, one thing you can be sure of is that they want everyone to pay. There is no public safety net. There is no protection for workers. There is no future for this country except for increasing oppression against the working class and the poverty class until the pressure becomes so extreme that it explodes. We are already seeing the vents of steam jetting from the cracks – and there is more of that to come.

At some point, the United States decided that taking care of business was the best way to take care of people. That point happened somewhere between the 1950s and the 1980s – it was a gradual erosion of the New Deal until suddenly, we found ourselves living in a society where there is no longer a deal at all except perhaps for The Art of the Deal – from nurturing to shystering and exploitation.

I find a strange comfort in beating myself up at not having made the right choices – but if I had made different choices, I could easily have found myself in worse conditions than those I live in now. The Marines and ATC could have led to an early death from alcoholism, radio has merged and consolidated until only the most talented are able to achieve careers, I could have been a dot-com has been, or a real estate tycoon who lost everything in the recession, the soul sucking work of selling stock (let’s make money from this war Bob!) could easily have led to suicide, and the list goes on. There’s really no reason or purpose in beating myself up over the past.

The future though – it is that which worries me. I cannot see a future that I want to be a part of in the United States. I cannot see a future that I want my child to be a part of in the United States. When I attempt to see the future here, I see tragedy and hardship. I wanted to come back to my country and succeed. I wanted to come back to my country and find a future I could believe in. I am trying. I am really trying to see past the storm on the horizon. From my perspective though – it just looks like it will get worse and worse and worse with no prospect for a sunny day.

A Shameful Society

What kind of world do we live in when a slime ball like Bill O’Reilly not only doesn’t get fired for sexual harassment but also gets a huge payoff when the company he works for (FOX) realizes that people are upset that he got away with sexually harassing multiple women – who were also paid off by Fox to keep them from pursuing charges? Certainly I’m no fan of the politics of Fox news, but this takes the cake – essentially, O’Reilly just got a huge payoff for being a dirtbag – it’s almost as bad as electing a man accused of sexually assaulting an underage girl to the office of the President – which, come to think of it, actually happened and so this shouldn’t be a surprise at all. Decency does not matter any more in the United States – only money.As long as existing home sales rise (they have), marketshare, and the Dow Jones Industrial Average rises – all is forgiven.

I have spent a fair amount of time trying to figure out what is propping up our economy and I’ve failed to discover anything – which is not a surprise – no one seems to have the answers as to why the economy in general should be rising but the fundamentals of the economy remain gloomy. I’ve got a few guesses 1) there is a lot more US Currency being printed than we are being told – the economy is still being fluffed 2) student debt is somehow being packaged and resold despite an average default of once every minute 3) capital doesn’t have a safehaven or a strong negative bet and is bouncing around while it waits for a shoe to drop.

As a retailer, I know one thing for sure, people are not spending recklessly on material goods. I don’t know where their money is going – but they are being tight with it when it comes to spending in brick and mortar shops. My suspicion is they are spending credit on online retail, spending cash on food and experiences like travel, and investing equity in their properties which they use for AirBnB rentals – which drives the cost of rent up and the cost of buying a property up as well.

And all of that leaves the great majority of us – scratching our heads and wondering where all the prosperity we were promised as kids has disappeared to. And the answer is, it doesn’t matter. Go buy a lottery ticket or do some serious sexual harassment because that is the surest path to riches in the USA of today.

Where Does Capitalism Lead?

I’ve established (many times) that I am not psychic. So I won’t spend a few paragraphs guessing where the world economy (or the American economy) is heading. I don’t know. I don’t think anyone knows. We are in uncharted waters.

There are a lot of misconceptions about what capitalism is and what it isn’t. One thing I’ve heard frequently is that the Chinese economy has moved towards capitalism – that is not true. First of all, let’s get a definition of capitalism out of the way. Websters offers the following:

an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market

There are three key concepts here – private or corporate ownership and control rather than state (although I think corporate ownership is something altogether different), the use of investments for control, and competition in a free marketplace.

Ownership and Control of the Means of Production
In reality there are four types of economies. Primitive, Command, Market, and Mixed. In a primitive economy the means of production belong to the producer. A command economy gives control of the means of production to the state. A market economy gives control to the market itself and a mixed economy combines aspects of command and market economies – for example – the government controls education and the post office in the USA.

So, capitalism itself in a pure form would be a pure market economy with no government intervention or control. Essentially, capitalism leads to big fish swallowing small fish and small fish trying to get big enough to swallow smaller fish and eventually to swallow big fish. Capitalism may start with a level playing field (in an idealized world) but eventually it leads to Disney owning Marvel, Pixar, ABC, and every other entertainment company while Google swallows every new technology company, Facebook eats all the social fish, and JP Morgan eats all the other banks. In the meantime, the capital itself is consolidated into not just top corporate hands, but also into top tier individual hands – the 1% of the 1%. Capitalism is not about making a profit from your work – all economies are built around that. Capitalism is about mergers and acquisitions of the means of production, distribution, and disposal. It’s fish eat fish until there is only one fish that has nothing to eat and then we have a ‘Too Big to Fail’ situation where government steps in and saves the big fish – at which point, we are no longer talking about capitalism and free markets – we are talking about a command economy with the illusion of capitalism.

This is where capitalism leads. As I said at the outset, I’m not psychic. I can say for certain that capitalism leads here because it is where we are. As the World Bank and IMF sail into the bizarre waters of Quantitative Easing on the winds of salable debt and free spinning currency production – we have left the market economy behind though we still cling to the idea that a free market is running. In truth, the US economy has been a mixed economy for a long long time. We are closer to a command economy now than we have ever been. And part of the reason this has been allowed to happen is because people have this crazy idea that capitalism means making a profit. China is not capitalist. And yet, they make huge profits and have more entrepreneurs than any country in the world. China is a command economy. The US is a command economy with bizarre monetary leftovers of a market economy.

And that leaves everyone who is not in the top 1% vulnerable. The means of production and the power to overcome regulations to production, distribution and disposal exists only at the top of the pyramid. Capitalism leads to vast inequality first and then to an increasingly command economy ruled by corporate or private interests that are dependent on expansion and growth of market share. At a certain point, that expansion and growth can only be achieved by opening new markets through politics and war. And the gross inequality leads to either an altruistic super-state or to genocide of those unable or unwilling to produce for the corporate controlled government.

So where should we be heading? I’m not sure it matters. My personal preference would be a sort of socialist syndicalism market economy. That is, the government controlling certain essential industries (agriculture, medicine, housing, education, security) and worker/user owned syndicates or co-ops competing in a free market for everything else. But the question is moot. We can go nowhere until we see where our current monstrosity takes us.

4 years in the USA

It was yesterday that we passed the 4 years in the USA milestone. Yes, of course, I was born here – but the milestone is in regards to my family – and our time together. We’ve been here 4 years now. For me personally, I lived abroad from January 2009 until April 2013 – just a little over four years. My wife spent her entire life without having ever been to the USA and so did my daughter at least until the age of one. So, yesterday, April 17th, 2017 marked four years for us in the USA. Here is what we have done:

We arrived in 2013 with three large suitcases and about $7000. We had no home and no jobs. My relatives turned us away and told us they had their own problems to deal with – despite their assurances while we were abroad that they ‘had our backs’ until we were on our feet. I should have known better than to trust relatives.

I bought a $1500 car and moved my wife, 1-year-old daughter and myself into a foreclosure squat with a friend from high school in Sacramento while I looked for work in Silicon Valley. I quickly learned that over forty meant too old to get a job in the Bay Area.

I moved my family to the town on the West Coast that had the lowest incidence of child molesters combined with the lowest rent. I paid our expenses buying at thrift shops, yard sales, and estate sales and then selling on Ebay. Then I opened an antique mall space. Then I started selling in flea markets. Then I opened an antique store in our new town. Then I started publishing a small town news-sheet. Then I ran for public office but lost after only getting 33% of the vote. Then I realized that small town elected positions are volunteer only and decided to focus on my family and business.

Then I ran my business for a couple of years. Now, here I am, but not very satisfied with my existence…now, I am ready to change…meanwhile my wife became a citizen, my daughter started kindergarten and dance classes, and we have become a part of this small town…

Now, what to do?