A View of the Coming Plutocracy

A plutocracy is in the forecast for the United States during the "Green Technology Age", which will start in 2021, immediately following the end of "The Great Deflation". Right now, I would characterize the United States as a hybrid of democracy and plutocracy, much like the economic conditions that existed from 1842 to 1852 (Cycle wave b of Supercycle wave (II)). The United States is rapidly moving towards becoming a full-fledged plutocracy, and the country is more plutocratic during the Obama Administration Period than it was during the Bush (43) Administration Period.

Part of the basis for forecasting a plutocracy has to do with wave personality, as B waves have weak breadth and are technically weak. For the economy, weak breadth translates to a strong concentration of wealth in the hands of the top 1%. The coming "Green Technology Age" would be Supercycle wave (b), which should be a parallel of economic conditions that existed in the United States from 1842 - 1852, but with an even stronger concentration of wealth at the top and even weaker economic fundamentals even as the nominal GDP hits new highs in the early 2040s.

One of the more obvious hints of a coming plutocracy is the widening gap between the top 1% and the working class, which is already larger than it was in 1929 and the trend is still unfolding at a rapid clip. In 2017, we enter the "Bridge to Plutocracy" as the Bachmann Administration works in tandem with the Koch Brothers (more on that later) to set the United States on an inexorable course to a full-fledged plutocracy, that is, the rule of the nation by the top 1%.

On "Main Street", the last of the family wage jobs is predicted to be purged by 2015, and the last of the living wage jobs is predicted to be purged by 2020. When it becomes impossible for the average Joe and Jane on "Main Street" to support a family even with both parents working full time, a full-fledged plutocracy is born -- that point should happen in 2021.

We are already seeing precursors of the coming plutocracy in terms of working conditions as well. A case of point underscoring that trend is the working conditions in the warehouses owned by Amazon Corporation, in which employees are routinely forced to work in an environment where the heat index soars as high as 115 degrees. We are seeing a trend of falling wages and increasingly unsafe working conditions as the wealth gap between the working class and the top 1% continues to widen.

The article Allentown : Inside Amazon.com's warehouse details examples of many of the horror stories associated with increasingly unsafe working conditions that come with the inexorable trend towards a full-fledged plutocracy.

Even now, we are seeing indications of a coming plutocracy in the United States, in which a full-fledged plutocracy will be in place starting in 2021. The wealth gap will continue to widen over time. In 2010, the low end of the top 1% earned $250,000 a year, 10 times the median wage of the working class. In 2021, the ratio will rise to 40 to 1, and by 2042, the ratio will rise to 200 to 1. The CEO to worker wage ratio will skyrocket even faster.

Precursors of the Green Technology Age

We are already seeing some precursors of the coming "Green Technology Age" start to unfold. The latest evidence of the coming period can be seen in Germany, where the government just announced its intentions to close down all of the nuclear reactors by 2022. Its a significant development when a large nation starts taking significant steps towards embracing a green technology industry. This followed closely on the heels of an announcement that the Japanese government intends to push for a plan for solar panels on all new buildings by 2030.

The first precursors surfaced in the smaller developed nations such as Norway, the Netherlands, and Finland back in 2007. These social trends were an indication of what would happen next. After the massive earthquake that struck Japan, and the tsunami that followed, it was only a matter of time before some larger nations start taking steps towards a green technology future.

In the coming years, we will continue to see more and more precursors of the coming "Green Technology Age" as "The Great Deflation" continues to unfold. When "The Great Deflation" ends in 2021, the "Green Technology Age" will start. The "Green Technology Age" is expected to span from 2021 to 2042, and economic fundamentals should be strong enough to support an industry based on green technology such as solar panels, wind farms, carbon capture technology, biofuels, and vehicles that use hydrogen for fuel. In the United States, the green technology industry will result in the creation of 35 million jobs.

For those that can make it through "The Great Deflation" without getting their wealth wiped out by the deflationary collapse, the start of the "Green Technology Age" will offer an unprecedented opportunity to get in on the next emerging market as the green technology industry starts taking off in 2021. The "Green Technology Age" would be identified as Supercycle wave (b), which means that it would be a very long reprieve period, but still a bear market rally within the larger Grand Supercycle degree bear market.

Expect more precursors of the coming "Green Technology Age" to unfold in the coming years. The technology for the coming green technology industry already exists, its only a matter of time before it all gets produced on an industrial scale.