Company Town USA


For anyone who doesn't know, here's the generic Wikipedia definition of a company town: A company town is a place where all or most of the stores and housing in the town are owned by the same company that is also the main employer. What that definition leaves out though, is that in practice the company running everything sets wages and prices so that the employees tend to stay in debt to the company. So every worker has no choice but to keep working, but the cost of surviving in order to work keeps the debt slowly growing. It's a trap that keeps the workers in a position to be exploited without really any recourse.

With that idea in mind: BlackRock, Vanguard, and State Street. Given the different names you'd think that's three competitors in the private equity/investment business. Except they are all major shareholders in each other. So they aren't competitors, in fact they are literally invested in each other's success. To the point it's not an exaggeration to say they're really just one Lovecraftian abomination conglomerate business skirting monopoly laws by pretending they're separate entities.

And with that idea in mind: every major industry in the US. Pick any. Some mix of BlackRock, State Street, and Vanguard are the largest shareholders in every major company in that industry. And don't forget, they're really just one monster. Which means the companies within any industry aren't really competitors, and the only true competition in the US marketplace is established controlled corporations vs. anything new that can't immediately be bought out by a 3 in 1 firm with trillions in assets. 

They control the food industry. Auto industry. Oil and gas industries. Utilities. Banks and other lending institutions. All forms of insurance and the healthcare and other industries that provide the services insurance pays for. Almost everyone in the country is indirectly their employee because of how widespread their holding are across every industry. 

Now they've pushed heavily into multifamily rental properties, as well as investing heavily in the housing market. So much so they were able to illegally manipulate the pricing on rent and housing. The goal is clearly to push any new buyers out of the market so eventually they control all housing. 

So they'll control all our jobs, and have huge influence in setting our wages and benefits, and be able to control housing costs, food costs, the cost to own and maintain a vehicle, utility costs etc etc. US households already have record debt, which is owed almost entirely to companies they control. We are rapidly becoming a nation that is just one big company town. The same people that own our employers control what we need to survive and slowly but surely becoming more and more in debt.

And it gets worse from there. The owners and billionaires running the tech industry see the way the wind is blowing. Their need for constant influx of investment to develop their garbage algorithms they pretend is "AI" put them in a subservient position to private equity firms. And they're fine with that. In the tech world now they aren't competing anymore so much as vying for position. When the firms that back them formally take over government functions, they want to rank high on the hierarchy and get a bigger share of the pie. But they are all working together towards that corporate takeover of the government, which they see as an inevitability that will greatly benefit them and their companies.

That process is in full swing. It's what DOGE was set up for, who are right now illegally farming all government data to give to groups like Palantir, and restructuring government departments to integrate corporations or dismantling them all together to fully hand off their responsibilities and authorities. That's not some wild conspiracy theory, it's very obvious from what little has been made public about their actions, that this is why so little has been willingly made public. Add to that the government moving forward with contracts for Palantir to make official what they've already illegally done. 

It's also one of the major forces behind trying to mass deport workers, and destroying the Department of Education. The private equity firms and tech bros see a future where AI does most "thinking" jobs, and robots do most physical labor. By privatizing education they will make sure their kids wont have to compete for the few prestigious jobs that remain. And by removing immigrant labor, there's less people at the bottom, so less chance of pushback as lower level jobs are done away with by robots and AI. And less people to push back. 

It's also why they are firing so many government employees and trying to cut back government assistance programs. Because the companies taking over the government are trying to maximize profits too, which means more taxes they can funnel to themselves, and less expenses. They don't want to be stuck with the assistance programs cost so cut them now. And they don't want to be burdened with all those salaries when they want their tech to take over those jobs anyway. If it was about fiscal responsibility the government wouldn't be adding trillions a year in debt while they're doing all this. It's about restructuring the government for easier and cheaper corporate buyout and takeover.

Both political parties in the US get most of their donations from the people behind this and their companies. The leadership of both parties aren't just on board, they literally invested their money in stocks that will benefit the most the more this transition to Company Town USA goes forward. 

Comments

Popular posts from this blog

Out Thinking My Brain For Better Health

The Fool's Journey