Comment

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

129
Obdicut (Now with 2% less brain)10/04/2013 4:41:07 pm PDT

re: #120 EPR-radar

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.

The advantages of wealth in our society are huge. Look at Trump failing his way through life, making shitloads all the time. If we actually wanted a meritocracy we’d have massive estate taxes.