Equality by lot

Here are a few instances where DeMockery has badly failed us, and where Demiocracy [to be explained later] would have done a better job—and had greater legitimacy with the public, because of its Everyman composition. The priorities of common folk are not as much warped by the Pernicious P’s. (Their relative resistance to Propaganda, for instance, was portrayed by the cynicism of the “proles” in the saloon-set scenes in 1984.)

To me, as to the alienated Greeks I posted about yesterday, these outrages are not just incidental accidents, but revelations of the essential objectionable character of the political class that is nurtured and sustained by DeMockery.

There’s no such thing as a cheap politician. — Ferdinand Lundberg, Scoundrels All, 1968.

1. The Great Depression, Part 1. I’ve read that some officials wanted the Federal Reserve to be more hawkish in 1927, because a house of cards was a-building due to its loose credit policy. But moderating the roaring Twenties then would have impinged on the wealth of Wall Streeters and dimmed the GOP’s presidential prospects in 1928, so pressure was applied to keep the party going. Even if this speculation isn’t 100% correct, it is the SORT of thing that is likely occur under DeMockery. For instance:
   

   Also to blame is former President Donald Trump, who repeatedly pressured and even threatened to fire Federal Reserve Chairman Jerome Powell to continue to keep the interest rates low to aid his re-election campaign. When Mr. Trump was first elected, the 2007-09 recession and its aftereffects had more or less ended. But he wanted low interest rates to artificially boost the economy at great expense. He met with the Fed chairman to remind him of his expectations. —Letter to the WSJ, April 10, 2023, by A. Salinity.

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