Olde Europe
Diamond Member
- Dec 8, 2014
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Then we linked our economy to the Wall Street Casino, where great companies like Sears got destroyed by speculation and greed. This is a good in your world? I don't think so.
Is that actually something "we" did? For I think that 99.95 percent of the population had nothing to do with that.
That, the financialization of the industry, is a long story, which began in earnest with Reagan, basically the project to eliminate workers from the income distribution as much as possible, while enabling the plutocrats to make money out of money. That is why 40% of corporate earnings in the U.S. of A. go to financial institutions, when a healthy proportion should be an order of magnitude smaller. That entailed that Republicans, who drove the development, had nothing to offer the vast majority of people, and thus they settled ever more for the Southern Strategy of peddling and exploiting grievances, resentments, and hate, while also seeing to it that white males in non-supervisory positions didn't get a raise, in real terms, since the late 1970s. So, from Atwater to Reagan to the Trumpy runs a straight line of sowing hatred, exploiting fears and grievances, and that shall not, under any circumstances, be talked about. Never, ever. And that's also why we see our righty friends squealing, screaming, and in spluttering apoplexy whenever their racism is being pointed out.
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