The current economic system that underlies this totalitarian economic society is a contrivance that has evolved over decades bolstered by a civil society and social consciousness that corresponds to the precepts and direct control exerted by the business elite. It is just one of innumerable economic models humanly imaginable that could have served as a basis for the economic foundation of economic society. As it stands the global community has settled upon the 'bones' of what once may have been a 'free market' system envisioned by Adam Smith, Ricardo, and other utopian classical economic thinkers who failed to inject the element of human unpredictability into their 'perfect' economic models.
Do to the direct manipulation by the business elite of this malleable economic system we have ended up with a distorted hideous dysfunctional relic. The distortion of the labor market by the business elite in order to reduce our equality of interest within the system envisioned by Adam Smith is now perturbing this complex system; sending ripple upon ripple of economic disturbance across the globe.
Through the business elite's manipulative contrivances that allow them to scour the planet in search of low wage labor while labor is relatively constrained from free mobility because of nation-state laws and economic circumstance the bargaining power of labor is now negligible. With direct control over the civil society and complete influence through their media interests and other outlets of communication the business elite continue to validate the instituted governmental, religious, and societal norms that enhance their direct unfettered control over all the working class. We will never know whether the utopian economic system envisioned by Adam Smith would ever have functioned as envisioned but one thing is abundantly clear any economic model that doesn't account for the inherent instability of human beings is irrelevant.
Instability is now the touchstone reflected in the daily perturbations coursing across the economic system, civil society, and social consciousness. With income 'dripping' in imperceptible 'drops' down upon the outstretched 'hands' of toiling workers their now exists such an extreme mal-distribution relative to the top 5% of the business elite that consumption (spending) by the working class is almost completely choked off. Coupled with inflationary price distortions that have raised food, and energy costs beyond the reach of only the most income resilient citizens of the developed world we have a fast approaching economic societal disaster moving into view. The shock waves of which are already further perturbing the contrived system with 65,000 retail stores projected to close within the upcoming months, durable goods (big ticket items - cars, refrigerators, etc.) orders falling precipitately, unprecedented mortgage foreclosures, and other too numerous indicators of a working class no longer able to just acquire credit from the 'company stores' (banks, credit cards) in order to shore up our paltry wages.
This totalitarian economic society contrived in the interests of the business elite channels greed, corruption, environmental destruction, inequity, disruption, unreliability, instability, governmental malfeasance, and government by lobbyist into a stream of putrid slime that is raining its filth across our planet. It is time to take back our governments, exert our power in numbers, pressure our governmental representatives into the realization that they'll be held to account for their treasonous actions unless they dislodge the lobbyist tentacles, protest, and organize within the remaining viable labor unions. Act now not tomorrow - from the standpoint of economic justice they'll be no tomorrow if we disregard reality.