A new lost decade. For most; not for all.

In this post, the respected commentator Satyajit Das says, among other things, that of our current period of uncertainty, "The most likely outcome is a protracted period of low, slow growth, analogous to Japan’s Ushinawareta Junen – the lost decade or two. The best case is a slow decline in living standards and wealth as the excesses of the past are paid for."

What he does not say (and may not believe - but we do) is:

1. The "excesses of the past" are were entirely those of Rentier Capitalists - Private actors using the legal system and the government to appropriate your money, and
2. Those excesses are going to be paid for by you, not them