Woke Capitalism: Answering a Question Nobody Asked

Woke Capitalism: Answering a Question Nobody Asked by Doug Casey for International Man

International Man: Everything seems to be increasingly politicized these days… in a way that it wasn’t just a few years ago. To name a few, we see it in sports, with large corporations like Procter & Gamble in their razor blade ads.

Politics is creeping into more and more areas. It’s a trend that seems to be accelerating.

How did this happen and what does it mean?

Doug Casey: The politicization of the country is poisonous. Politics is not like the fiction of some friends getting together and deciding what movie to see. It’s about force and coercion. This is the myth of democracy, which amounts to a somewhat gentler version of mob rule.

Politics is about getting control of the reins of the State. It’s a question of one group of people getting to tell every other group what they must and must not do. And how much they have to pay for the privilege.

It’s astonishing politics has become so popular—considering that only the worst kind of people are drawn to it. As evidence, I’d offer the current slate of Democratic presidential candidates. Although, I promise you, their Republican counterparts, waiting in the wings, are no better. Remember that lineup of buffoons who were on stage in 2016?

In theory, the purpose of the State—which itself is congealed force—is to protect its citizens within its bailiwick from illegitimate force. That means police to protect you from force within the country, a military to protect you from outside force, and a court system to allow you to adjudicate disputes without resorting to force.

But the State has gone far, far, beyond those boundaries. In fact, it does none of those three things well today. Instead, it tries to control every other aspect of life, at the expense of its subjects.

That’s why everything has become politicized in the US. Americans have come to see the State as their parent, so they’re constantly pleading with it, like children, asking it for favors and benefits. Like children, they expect the State to magically support them.

They don’t seem to understand that the State isn’t a cornucopia. It’s the opposite. It’s a dangerous parasite. A huge tapeworm in the body of society.

Over the last 100 years the average American’s mind has been captured by the idea of politics and the State. It’s the Stockholm syndrome—where people are captured by kidnappers and actually grow to love and support them—writ large.

Where’s this trend going to go?

I’m a believer that trends in motion tend to stay in motion until they reach a crisis. Only then can the trend change. So the growth of the State—which is abetted by the politicization of American society—is going to continue growing until we reach a crisis. I don’t know what will happen during that crisis. Will it change direction, or will it mutate into something even worse? Could it be as bad as what happened in France in 1789, Russia in 1917, Germany in 1933, or China in 1946? It’s unpredictable.

International Man: Where do you think this shift in seeing everything through a political lens comes from?

Doug Casey: The State has expanded hugely from its original function of protecting people from actual force. It’s now perceived as a cornucopia that can give everybody everything.

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Doug Casey

For over a quarter of a century, legendary investor and best-selling author Doug Casey and his team at Casey Research have been helping self-directed investors to earn superior returns through innovative investment research designed to take advantage of market dislocations..