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Wall Street Is Underestimating How Dangerous Republicans Are For The World's Economy

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EPR-radar10/04/2013 3:31:46 pm PDT

re: #113 Absalom, Absalom, Obdicut

It’s the people who are mega-wealthy and come from mega-wealthy stock that worry me most. The people who grew up in the privilege bubble. You grow up sheltered by enough money, you can be a completely non-malicious person and still capable of supporting horrifically regressive policies.

It seems that a dangerously large fraction of these people are just stupid. We can have a plutocracy in the US, with sick levels of wealth concentration, provided the system works well enough for a large enough fraction of the population.

Too many oligarchs are forgetting that the system has to basically work. Any real attempt to return to the gilded age will spark a revolution in the US that would rank right up there with the French and Russian revolutions in terms of horror and destruction.