The stock market is
way up, but hiring is
way down. One supposes that is because investors
believe things are going to get better, but they're waiting to be sure of it before taking on the significant costs entailed by hiring employees.
Richard Fernandez helpfully recasts the current moment in
mythic terms.
They say there are only two kinds of stories: ones that begin with a man leaving on a journey and ones that start with a stranger riding into town. But there is a third type: one about a man who goes on a journey and returns four years later with a bunch of formidable-looking strangers.
In that genre, the townsfolk know the significance of these arrivals and understand the meaning of the sudden burst of activity down at the Hall, the heightened vigilance, the preparations for defense. They cast anxious glances at the calendar, reckoning the time 'til Nov. 5, when they expect things to come to a head. Instinctively they gather into groups, the loners staring out of windows, wondering....
The people of the town doubted that the newly arrived strangers fully comprehended the power of the Hall and understood its monstrous strength and resilience. Could they know that it could be razed to the ground yet recover the instant they left? Did they suspect that many a man who believed himself the site’s new master would awake at night to find themselves covered with vines sprung overnight from the ground and borne whence they were never seen again? November 5 would be their doom.
But that is the appeal of stories involving men who leave on journeys and return as strangers with mysterious companions. They have been somewhere and perhaps returned with knowledge that the townsfolk and maybe even people in the Hall do not know. Or else why would they have returned?
Much of what he says in the full piece explains why it's almost impossible to believe that the system will accept a defeat; all of its powers will be used in the interest of self-preservation. It is vast, it is rich, it is powerful, and it has deep roots among power structures themselves old. These include the governments of most of the major cities, where voting has been corrupt at least since Tammany Hall, and probably since voting started.
The power structure's only weakness is that part of its self-preservation entails maintaining the illusion among its supporters that it has been freely chosen. That illusion remains in effect. The Washington Post this week did a survey of supporters from both sides, and finds that it is the Democrats who would be troubled more if they lost, but also the Democrats who believe the result will be fair.
Trump supporters don't expect the election to be fair, so they won't be as surprised -- or as hurt -- if the result allows their opponents to remain in power. They'll know they've been cheated, not rejected. Because the illusion of consent has been retained among the supporters of the power structure, losing would create a psychic effect of rejection of their model by America itself.
The system could defend itself more powerfully by discarding the illusion, and like Egypt just openly stating that only certain candidates will be allowed to win. That would do away with the challenge, but also a major source of the system's power -- somewhat like destroying the Ring unmade Sauron and his challenge to the freedom of the age, but also destroyed the work of the Three and the ability of the world to sustain magical things like elves. The system seems to think of its challenger as being Sauron-like in evil, given their choices of analogies for him. Will they destroy the Ring to stop him? The loss of this illusion would protect the powerful, but they would retain only a shadow of their power, only what they could hold onto by naked force and coercion.
Can the system be defeated? Is the need to retain the illusion strong enough to limit the amount of cheating to an amount that can be overcome? We will find out in a week or so.
