I used to think of financial institutions as conservative or at worst politically neutral. No more. They have been politicized, and of course, given trends these days, they have been politicized to the left.
The first I heard of this was a few years back. There were financial institutions that were punishing the National Rifle Association, though I can’t remember the details. Also, there was the guy running Jihad Watch, Robert Spencer, who got into trouble with MasterCard for being a “hater” (of Muslims). That one made me pretty uneasy, and I remember suggesting to someone talking about how the right would whip the left if it ever came to a civil war that they could simply cancel our bank accounts and credit cards, and we would be forced to stop. He had nothing to say in reply.
Then came news that people owning index funds were forcing companies to follow environmentalist strictures, simply because they owned enough stock to be able to do this.
And finally, we’ve got the saga of the truckers in Canada. As far as I can tell, not a single elite in the West complained about what happened to them, with only some in Eastern Europe doing so.
Basically, this means the end of free speech. Of what use is it to theoretically have free speech if the powers-that-be can steal yours savings? There’s no need to set up a gulag because they can make your life completely miserable in other ways (though the gulag has been set up anyway, as the Jan. 6th “insurrectionists” know).
Consider J.K. Rowling. She may think she’s a multimillionaire, but the powers-that-be in Britain can simply take any money she has in banks or stocks or bonds. Even if she has money in foreign banks, so long as they are in the West, they can direct any other Western elites to do the same. She would need to have money stashed in banks in China or maybe Turkey, and even then that money might be hard to access. (Maybe if she has it in crypto or gold she’ll be safe.) And she is vulnerable because she is known as a transphobic. Who would complain on her behalf if this were to happen? No other elite would, because they would fear having their own meager funds confiscated. She herself probably said nothing against Trudeau when he stole the truckers’ money, so she will have no cause to complain when it happens to her.
Thirty years ago this couldn’t have happened since enough liberals would have spoken up and said something, but the liberals have gone silent or have (like Bari Weiss) moved toward the right, thus discrediting themselves. To put it differently, the adults aren’t in the room anymore, so everything happening is as juvenile as one can imagine. Looking back, I can’t think of any moment that was the point-of-no-return moment. Yet, here we are.
The sad fact is that we have no checks and balances anymore. Our elites can do anything they like to us, if they get the mind to do it. Generally, though not always, they get their way.
Look at it this way. If epidemiologists at Harvard, Oxford, and Stanford can be called “fringe epidemiologists” by Fauci and his team, there is not much hope for the rest of us to defy the elites.
How do we fight back? I don’t think elections will change much. We can boycott groups hostile to us, but sadly, most on the right will not abandon twitter or facebook.
The result is that free speech, for many of us, is dead.