International Man: There’s little doubt the self-anointed elite are hostile to the middle class, which is on its way to extinction thanks to soaring inflation and taxation.
It seems they would like to implement a kinder and gentler version of feudalism. What is really going on here, and what is the end game?
Doug Casey: The middle class, the bourgeoisie, emerged with the death of feudalism, the inception of the Renaissance, the Enlightenment, and finally, the Industrial Revolution.
“Middle class” has been given a bad connotation in recent times. Leftists want everybody to believe that the bourgeoisie is full of consumerist faults. They’re mocked for being concerned with material well-being and improving their status. The elites feel threatened by them. Unlike the lower class plebs, grunt workers who don’t expect more from life.
Bourgeoisie simply means city dweller. Starting in the late Middle Ages, city dwellers were independent, with their own trades and businesses. Living in towns got them out from under the control of the feudal warrior elites.
Cities became intellectual centers, where the growing wealth of the bourgeoisie—the middle class—gave them the leisure needed to develop science, technology, engineering, literature, and medicine. Universities expanded the idea of education beyond the realm of theology. Commerce and personal freedom attracted the best of the peasants, who rose to the middle class. Cities ended feudalism, a system whereby everyone was born into a class and occupation, and was expected to stay there for life, obligated to pay taxes—protection money—to his “betters”. The rise of the bourgeoisie didn’t suit the ruling classes, who liked dominating society.
Capitalism developed as the bourgeoisie became wealthy. The rest is well-known history, but the point must be made that the creation of the middle class, capitalism, and bourgeois values elevated peasants from poverty and created today’s world.
But, then and now, a certain percentage of the population wants to control everyone else. The types who go to Bilderberg, the World Economic Forum, CFR, and the like see themselves as elite new aristocrats who should dominate the others. Even though most of them came from the middle class, now that they’ve “made it,” they like to pull the ladder up. And if not eliminate, at least neuter or defang the remaining bourgeoisie.
So what’s the end game?
I think it might look something like the movie Rollerball. Keep the plebs entertained while the elite, in the form of a corporate aristocracy, controls society.
International Man: Yuval Harari is a prominent World Economic Forum (WEF) member.
He suggested that the elite should use a universal basic income, drugs, and video games to keep the “useless class” docile and occupied. What is your take on these comments in the context of Feudalism 2.0?
Doug Casey: A nasty little fellow, Harari is what might be termed a court intellectual for the World Economic Forum. He’s there to provide an intellectual patina for the power members, who are basically the businessmen, politicos, and media personalities. They’re not thinkers or interested in ideas but philistines concerned with money and power. Harari gives them an intellectual framework to justify their actions and plans.
As far as his books are concerned, they amount to a lot of generic truisms, obvious observations, justifications of current trends, and a projection of how the world will evolve. As an author and thinker, he’s knowledgeable and intelligent but grossly overrated. He owes his success to promotion from the new wannabe aristocracy and their hangers on. He illustrates the advantages of being hooked up with power people.
Harari has gone from being just another college professor, living with his husband in Israel, to being an internationally famous multi-millionaire pundit.
He expects the “useless eaters” will be maintained on a subsistence basis until they die out. I’m not sure how much the Covid hysteria, followed by the vaccine, has to do with that. It’s becoming quite clear that Covid itself was an artificially constructed flu variant, mainly affecting the very old, very sick, and very overweight. The vaccine is useless in preventing Covid but has caused significant increases in morbidity and mortality among healthy recipients. Was it a trial run to cleanse the world of useless eaters?
I don’t know. But, based on what people like Stalin, Hitler, Mao, and Pol Pot—among many others—have done in recent years, I don’t think it’s out of the question. No doubt, the new aristocracy wants to cement themselves in place. They certainly don’t like rubbing shoulders with the hoi polloi when they visit Venice, Machu Pichu, and the like.
International Man: How does the WEF’s vision of “you will own nothing and be happy” compare to the previous feudal system of medieval Europe?
Doug Casey: Serfs, unlike slaves, had some rights; they owned tools and huts. But their position in society was fixed, they couldn’t easily move—rather like a medieval version of today’s 15-minute city. They had to recognize their betters, and not say anything challenging—like today’s increasingly draconian limits on free speech.
I expect that the gigantic amount of debt in society today will be the means of turning middle-class Americans into serfs. The lower classes are already welfare recipients who produce very little; they’ll soon be replaced by robots.
The better educated ones are buried under their college debts. But everybody is buried under growing credit card debt, auto debt, mortgage debt, and sometimes even tax debt.
If someone makes a lucky capital gain in the stock market or by selling his house, he might spend that money only to find that the government wants 20%, 30%, or 40% of the gain. So the gain, instead of a blessing, becomes a disaster in disguise.
Many people today are burdened by debt, living paycheck to paycheck. They’re barely getting by, under immense pressure to cover food and rent. They’d probably be quite willing to take a deal offering essentially “three hots and a cot,” a tiny apartment, internet, and some extra money to hang around Starbucks.
International Man: How do you see Feudalism 2.0 developing over the coming months and years? What can be done to resist this agenda?
Doug Casey: Trends in motion tend to stay in motion until they reach some type of a crisis—when anything can happen. Let’s look at some economic systems, as spelled out by Karl Marx.
In Communism, the Marxist ideal, the State owns both the means of production (factories, farms, and such) as well as consumer goods (houses, cars, and theoretically, even your clothes). Mao’s China is as close as anyone’s come.
Socialism is a way station to Communism. The State owns the means of production, but individuals can still own consumer goods. There are lots of countries with socialist ideals, but no real socialist countries. Cuba probably comes closest.
Fascism is an economic system where both the means of production and consumer goods are privately owned, but they’re both 100% State-controlled. Most of the world’s countries are fascist. The word was coined by Mussolini; he meant it to describe the melding of the State, corporations, and unions.
Few people know that Marx coined the word “capitalism”. It’s a system where everything is both privately owned and privately controlled. There are no purely capitalist countries.
In feudalism, a lord owns everything but grants fiefs to subordinates. An aristocracy is supported by the plebs through taxation. Feudalism is based on the plebs providing service and taxes to the lord in exchange for “protection” from other lords.
Now for some pure speculation on my part.
Most of the world’s governments, including that of the US, are terminally bankrupt. They’ll prove unable to meet their obligations. Meanwhile, the prospect of wars, secessions, and crime is growing. I suspect wealthy corporations and individuals will wind up supplanting most traditional governments.
The result could be called neo-feudalism.
The average person is looking for someone or something to save him, to kiss everything and make it better, when times get tough. With governments bankrupt and dysfunctional, solvent and powerful individuals and corporations could take their place.
Harari and his pals want to see the plebs given a guaranteed annual income, a place to live, and entertainment until the useless eaters fade away. But it won’t be as neat as Harari’s wet dreams imagine. The world will be chaotic. We may be on our way to an idiocracy as well, where the populace is dumbed down so they don’t get dangerous ideas.
No matter how things sort out, I think we’re looking at a chaotic and dangerous situation in the near term.
I don’t see voting as a solution. Notwithstanding the differences between Harris and Trump, it just amounts to choosing the lesser of two evils, which in this case would certainly be Trump. But even if you elected Mises, Hayek, Ron Paul, or Harry Browne, I’m afraid the tide of history would wash them away.
In any event, your vote doesn’t really count. Or perhaps I should say it counts about as much as a grain of sand on a beach with hundreds of millions of grains of sand. And even then, as Stalin said, it’s not who votes that counts. It’s who counts the votes.
What can you do to resist the shape of things to come?
It’s an uphill fight because if you’re liberty-oriented, you’re part of a tiny minority at odds with the views of most of your fellow citizens, who’ve been indoctrinated by years of schooling, media, and entertainment. Collectivist memes are cemented in their minds. And when they talk to their contemporaries, they tend to mutually reinforce their beliefs.
When you’re in a group, it can be dangerous to have different beliefs, in much the same way that it’s dangerous for a chicken in a flock to have a feather out of place. The other chickens will peck it to death. Reigning ideas tend to be brutally enforced.
What can you do about this?
Other than trying to maintain your personal integrity, there’s not much you can do to roll back the tsunami. There wasn’t much that a freedom-loving Russian could do in 1917, a freedom-loving German could do in 1933, or a freedom-loving Cuban could do in 1959. Or a freedom-loving Venezuelan today.
The best you can do is to try to save yourself, your family, and your like-minded friends. Changing society for the better is a long shot. Although I hope Milei in Argentina proves me wrong.
International Man: What do you suggest individuals do to ensure they don’t become modern serfs if Feudalism 2.0 emerges?
Doug Casey: There are two types of freedom: physical and financial.
From a physical point of view, it’s important not to be tied down the way a serf might be. You don’t want all your possessions to be in one place where they’re easily controlled by the powers that be. Don’t act like a plant. Staying rooted in one place is not an optimum survival strategy for a human in tough times.
The powers that be are interested in controlling other people. It’s best to be a moving target, which makes you much harder to hit.
This is a problem for those of us who think that the US is still the land of the free. It’s not. It’s been devolving for decades. My guess is that over the next few years, perhaps starting with this election, the US will evermore closely resemble the other 200 nation-states that cover the face of the globe like a skin disease.
The single most important thing you can do is internationalize and make sure that all your assets aren’t in one bailiwick, under the control of one government.
From a financial point of view, it gives you the freedom to travel and move, especially with the coming FX controls and CBDCs. Use gold and Bitcoin. You should already have a good stash of both. If you don’t, it’s not too late to start accumulating and transferring assets into them.
Editor’s Note: The months and years ahead will be politically, economically, and socially volatile. What you do to prepare could mean the difference between suffering crippling losses and coming out ahead.
That’s precisely why, legendary investor and NY Times best-selling author Doug Casey just released this urgent report on how to survive and thrive. Click here to download the PDF now.
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