Friday, August 22, 2014

Capitalism Vs. the Middle Class (A Reminder)

These are capitalists' friends, Americans' enemies.
"Despite what you might read in the Wall Street Journal or see on Fox News, capitalism is not an economic system that produces a middle class. In fact, if left to its own devices, capitalism tends towards vast levels of inequality and monopoly. The natural and most stable state of capitalism actually looks a lot like the Victorian England depicted in Charles Dickens’ novels."

--Thomas Hartmann, Alternet (here) in a piece titled "How Reaganomics killed the American middle class." It's an old argument, but no less valid for its age. Reagan got the oligarchial urges set in motion seriously and the Bush boys, along with a compliant GOP Congressional contingency, carried it to what we have now.


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