Charles Hugh Smith: The Tyranny Nobody Talks About

by David Solomonoff

There is much talk of tyranny in the political realm, little said about  tyrannies in the economic realm, primary one being tyranny of high costs: high costs crush the economy from within and enslave those attempting to start enterprises or keep their businesses afloat.

Every high-cost structure is someone’s gravy train: some politically sacrosanct and untouchable special interest or class of insiders depends on ever-higher costs to fund their ever-higher wages, benefits, profits, etc., and they will not be denied their gravy train.

All the tricks to hide our unaffordable cost structure have reached marginal returns. Reality is about to intrude. The tyranny of ever-higher costs is about to crush the economy, and saying it isn’t so doesn’t make it so.

Source: oftwominds-Charles Hugh Smith: The Tyranny Nobody Talks About

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