There’s been plenty of people who claim that the goal of the 1% is serfdom for the 99%. But what they’re doing has nothing in common with serfdom. What our 1% lords have instituted is not a feudal system, unlike what their critics often claim. Under the feudal system, the lords of the realm looked after the serfs on their land, for if the serfs starved or became unable to work, their own fortunes dwindled. But our new lords of the realm say “there’s no shortage of serfs, I’m going to use up these serfs then move somewhere else where there’s more serfs.” They are burn and slash agriculturalists, burning down a forest to bring in a few crops, then once the soil is exhausted, moving on to another forest to burn down. And the people and animals who once lived in that now-forever-gone forest starve. But the 1% don’t care, because there’s always more serfs, another forest, another place to go.
And, sadly, the people who live in the destroyed landscape once our slash-and-burn capitalists move on still worship Ronald Reagan, who made the destruction they live in possible.
— Badtux the Baffled Penguin