Versailled

Getting "Versailled", as in the French royal palace Versailles — the epitome of excess of the French aristocracy in the Courts of Louis XV and XVI during the 18th century. The excesses of the French monarchy caused enough economic pressure on the working classes to instigate what was finally the rise of the violent revolt that would usurp the French aristocracy and sweep it beneath the swelling tide of the ideals of reason and individualism of the Age of Enlightenment.

“Privatizing profits and socializing losses” refers to any instance of speculators benefiting (privately) from profits, but not taking losses, by pushing the losses onto society at large, particularly via the government.

How utterly aristocratic are our modern-day courtiers who preside over the board rooms as masters of the universe, also known as Wall Street executives. Their dealings are portrayed in Matt Taibbi’s Rolling Stone article The Real Housewives of Wall Street, which brings to light the theft of taxpayer dollars, pouring like a “waterfall” into the hands of two of the wives of the very rich, through a TALF (Term Asset-backed Securities Loan Facility) handout to Wall Street approved during the sunset months of the Bush Administration.

For the years 1762-1778 – the last time Pluto was in Capricorn – history records the build-up to the French Revolution caused by the oppression of the peasant and working classes. In the UK the period started with the Seven Years War establishing British dominance in India and Canada and ended with the American Revolution and the culmination of the philosophies of the Age of Enlightenment, the cultural movement of intellectuals emphasizing reason and individualism rather than tradition

Pluto entered Capricorn in November 2008 where it will stay until 2024, who knows what the world will be like then. At first, like a wrecking ball. The old must be reduced to rubble, even as new life springs up from within.

Be assured that by the end of this Pluto in Capricorn de-structuring of top-down institutional power over others, we shall have prepared the ground for Pluto’s next transit, through Aquarius, and the distribution of power equally to everyone, it is no coincidence that Libertarianism is once more the dominant political and social force in societies.