EXCERPT: "THE SIMULACRUM OF UTOPIAN DECAY" (A. GLASS 2020)

 

"The belief that the grandeur of technology will free us and that the wealth effect of a

productive and collective society will benefit all, except these societal imprints of a past

resonance, ceased to exist a long time ago. Only this Simulacrum of Urban Decay remains

as a collapsed structure, pinned together within its fabricated design – and if we look at the

configuration of this copy, it reveals decayed aspects in a very obvious manner. One being

the global debt to Gross Domestic Product is over two hundred trillion US dollars, the

Utopian and pragmatic 1950s, government and public debt was very low, productivity and

savings were so much higher than what it is today.

After the 2008 financial crisis, instead of reining in public and government debt, it

expanded. The whole concept of the Utopian dream, which was orchestrated in the 1800s

after the French revolution was to ensure that a shared responsibility between participants

on the interconnectivity of a European Union. This became an issue when the poorer

European countries after 2008, requested that they stay within the Union asking that their

billowing government debt be forgiven or at least bailed out by the wealthy countries such

as Germany and France.

The wish of a Utopian socialist two hundred years ago and the later glorious 1950s, was

to allow wealth to be spread out with low taxes, in lieu with interest rates being relatively

balanced; for a productive industrial society to continue its contributions this would be

ideal. Of course this is all but a myth."

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THE SIMULACRUM OF UTOPIAN DECAY (A.Glass 2020)