Once the chasm widens a bit more, the “efficient market” cover story bridge collapses into the abyss.
CHARLES HUGH SMITH OCT 26, 2023 READ
In today’s neofeudalism, the corporate fiefdoms have offloaded all the obligations to States, while maintaining the mutually beneficial ties of State and Corporate Empire of the colonial model. The only obligation the corporate fiefdoms have is to their owners (shareholders) and secondarily, the obligation to grease the palms of their lackeys within the State: the elected and appointed officials who oversee the smooth functioning of the corporate-state bond that is the foundation of both Neofeudalism and Neocolonialism.