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EV_Ares

(6,587 posts)
Fri Jun 27, 2014, 08:52 AM Jun 2014

The Pitchforks Are Coming… For Us Plutocrats By NICK HANAUER From Politico Magazine

This is a really good read & he is spot on.


You probably don’t know me, but like you I am one of those .01%ers, a proud and unapologetic capitalist. I have founded, co-founded and funded more than 30 companies across a range of industries—from itsy-bitsy ones like the night club I started in my 20s to giant ones like Amazon.com, for which I was the first nonfamily investor. Then I founded aQuantive, an Internet advertising company that was sold to Microsoft in 2007 for $6.4 billion. In cash. My friends and I own a bank. I tell you all this to demonstrate that in many ways I’m no different from you. Like you, I have a broad perspective on business and capitalism. And also like you, I have been rewarded obscenely for my success, with a life that the other 99.99 percent of Americans can’t even imagine. Multiple homes, my own plane, etc., etc. You know what I’m talking about. In 1992, I was selling pillows made by my family’s business, Pacific Coast Feather Co., to retail stores across the country, and the Internet was a clunky novelty to which one hooked up with a loud squawk at 300 baud. But I saw pretty quickly, even back then, that many of my customers, the big department store chains, were already doomed. I knew that as soon as the Internet became fast and trustworthy enough—and that time wasn’t far off—people were going to shop online like crazy. Goodbye, Caldor. And Filene’s. And Borders. And on and on.

Many of us think we’re special because “this is America.” We think we’re immune to the same forces that started the Arab Spring—or the French and Russian revolutions, for that matter. I know you fellow .01%ers tend to dismiss this kind of argument; I’ve had many of you tell me to my face I’m completely bonkers. And yes, I know there are many of you who are convinced that because you saw a poor kid with an iPhone that one time, inequality is a fiction.

Here’s what I say to you: You’re living in a dream world. What everyone wants to believe is that when things reach a tipping point and go from being merely crappy for the masses to dangerous and socially destabilizing, that we’re somehow going to know about that shift ahead of time. Any student of history knows that’s not the way it happens. Revolutions, like bankruptcies, come gradually, and then suddenly. One day, somebody sets himself on fire, then thousands of people are in the streets, and before you know it, the country is burning. And then there’s no time for us to get to the airport and jump on our Gulfstream Vs and fly to New Zealand. That’s the way it always happens. If inequality keeps rising as it has been, eventually it will happen. We will not be able to predict when, and it will be terrible—for everybody. But especially for us.


Read more: http://www.politico.com/magazine/story/2014/06/the-pitchforks-are-coming-for-us-plutocrats-108014.html#ixzz35qMb4eeA

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The Pitchforks Are Coming… For Us Plutocrats By NICK HANAUER From Politico Magazine (Original Post) EV_Ares Jun 2014 OP
So worth going to the link JustAnotherGen Jun 2014 #1
Another response on this JustAnotherGen Jun 2014 #2
The trick will be to make that flight to New Zealand worthless too....... socialist_n_TN Jun 2014 #3
When New Zealand denies them landing rights. PeoViejo Jun 2014 #11
. . .if the headhunters don't carve them up first. . . DinahMoeHum Jun 2014 #33
They might just do that... PeoViejo Jun 2014 #104
Good point! emsimon33 Jun 2014 #49
Huge K & R !!! WillyT Jun 2014 #4
There is nothing new in this article, Brigid Jun 2014 #5
true stupidicus Jun 2014 #21
A .01%er saying the rich should pay more and the poor shouldn't be poor! valerief Jun 2014 #66
This was a great read! The only paragraph I had a quibble with was this one. Uncle Joe Jun 2014 #40
Exactly. Louisiana1976 Jun 2014 #53
Let's don't squelch. JDPriestly Jun 2014 #89
I'm not trying to squelch it in anyway, as my first four words and exclamation point attested to. Uncle Joe Jun 2014 #91
Great1 JDPriestly Jun 2014 #93
I like this. It is well phrased. JDPriestly Jun 2014 #86
Great parts of an excellent article. Agreed. n/t Laelth Jun 2014 #106
Thank you for a very important read, EV_Ares! Octafish Jun 2014 #6
And I suspect that is what ... 1StrongBlackMan Jun 2014 #62
Nicely written, and he has a few points that I keep mentioning as well. Xyzse Jun 2014 #7
Sounds like someone is seriously in worry mode. Baitball Blogger Jun 2014 #8
Don't hold your breath. It won't. IrishAyes Jun 2014 #98
Nick Hanauer is the one who said, "Rich people aren't job creators, customers are job creators." tclambert Jun 2014 #9
They don't spend most of their money, they hoard it. That's part of the problem. n/t nomorenomore08 Jun 2014 #50
That hoarding is because they can't find enough profit....... socialist_n_TN Jun 2014 #64
I don't think the majority of the 1% worry about it much. zeemike Jun 2014 #10
They don't remember Spartacus?..... socialist_n_TN Jun 2014 #65
They only remember they were able to crush it with military power. zeemike Jun 2014 #69
With Police Departments buying up excess military equipment KoKo Jun 2014 #101
I fear you are correct. zeemike Jun 2014 #103
See: History of the Praetorian Guard. Ikonoklast Jun 2014 #79
Good point. zeemike Jun 2014 #81
Ayup. Ikonoklast Jun 2014 #82
That reminders me of the movie 7 Days In May. zeemike Jun 2014 #83
(cough) USAF General Curtis LeMay (cough) Ikonoklast Jun 2014 #84
Yep zeemike Jun 2014 #85
Aristotle's observations: olegramps Jun 2014 #12
Now - if he organizes some of his buddies to go up aganst the Koch Brothers and their hedgehog Jun 2014 #13
I agree-I think there is a lot of anger brewing underneath this quiet calm Stargazer99 Jun 2014 #14
Which is why the Ruling Class work so hard to divide us... truebrit71 Jun 2014 #17
And why NSA is so busy, rickyhall Jun 2014 #45
I for one, am not taking the bait. WHEN CRABS ROAR Jun 2014 #59
The general strike...... socialist_n_TN Jun 2014 #67
K&R. Read the entire article. Well worth it. trof Jun 2014 #15
Agreed. The entire article is worth the read... truebrit71 Jun 2014 #16
meh, the 0.01% hfojvt Jun 2014 #18
If people get angry enough, there won't be a lid to keep on things anymore. n/t nomorenomore08 Jun 2014 #52
HE GETS IT!!! ewagner Jun 2014 #19
He certainly does! calimary Jun 2014 #46
recommended reading G_j Jun 2014 #20
Everyone should read it more closely MFrohike Jun 2014 #22
I read it all and I disgree Tom Rinaldo Jun 2014 #41
If you say so MFrohike Jun 2014 #47
Make as many of the poor no longer poor by paying them a living wage, there would be MORE money Ikonoklast Jun 2014 #90
He sees the folly of unregulated capitalism. That in itself is significant, for someone like him. nomorenomore08 Jun 2014 #54
I don't think so MFrohike Jun 2014 #76
Maybe so. He is still acting out of his own self-interest, mainly. Not unlike the rest of us. nomorenomore08 Jun 2014 #77
The fewer people that need safety net programs the better for all of us. Kablooie Jun 2014 #72
Told you SO! imthevicar Jun 2014 #23
they've already decided on the police state magical thyme Jun 2014 #24
the tens of thousands of GIs brutalized by Iraq/Afghanistan... grasswire Jun 2014 #30
Cuts more ways than one, though. DinahMoeHum Jun 2014 #35
You're forgetting that essentially everyone can arm themselves legally closeupready Jun 2014 #39
Tumbril Carts kairos12 Jun 2014 #25
Divide and conquer is the only reason it hasnt happened yet, the pitchforks, in fact randys1 Jun 2014 #26
There is no front line. toby jo Jun 2014 #27
+1 nomorenomore08 Jun 2014 #55
Maybe now would be a good time to support the second amendment mindwalker_i Jun 2014 #28
We might have pitchforks, but they'll have drones Auggie Jun 2014 #29
...and total surveillance grasswire Jun 2014 #31
Exactly my thought. The spy state and drones change things. Barack_America Jun 2014 #32
Hannauer's family background is well worth mentioning DinahMoeHum Jun 2014 #34
True. Louisiana1976 Jun 2014 #56
This is a great article. I read it on Facebook earlier. Raksha Jun 2014 #36
I'm K&R'ing this, but to be honest, I think it's too late. closeupready Jun 2014 #37
"Terrible - for everyone"? Nope, just him Taitertots Jun 2014 #38
THIS^^^^^^^^^^ socialist_n_TN Jun 2014 #68
Great article. Well worth reading. bklyncowgirl Jun 2014 #42
So refreshing to hear a one percenter extol demand-side economics Populist_Prole Jun 2014 #43
. . . and of course, swaths of Politico's commenters STILL INSIST that "Gubmint's th' problems!" HughBeaumont Jun 2014 #44
I see this at the company my husband works at. CrispyQ Jun 2014 #48
Actually, one company I used to work for eliminated one level of middle management Fortinbras Armstrong Jun 2014 #107
There are levels of upper management that would go without notice, too. CrispyQ Jun 2014 #109
I agree completely. n/t Fortinbras Armstrong Jun 2014 #111
Despite the historical odds, our current 0.1% are betting this time will be different... alterfurz Jun 2014 #51
Boots Riley is probably the most "famous" person I've ever said hello to/shook hands with. nomorenomore08 Jun 2014 #58
Excellent post. K&R Louisiana1976 Jun 2014 #57
Wouldn't they take a helicopter to their Gulfstreams? nt valerief Jun 2014 #60
Posted to so I can find the article later. eom. 1StrongBlackMan Jun 2014 #61
Nothing will happen, nothing will change Puzzledtraveller Jun 2014 #63
He's right that the argument should not be about fairness. Kablooie Jun 2014 #70
It's sad, really. Those sociopaths are incapable of empathy Blaukraut Jun 2014 #73
Yep, but capitalism is based on selfishness so the selfish are the ones who profit most. Kablooie Jun 2014 #80
We already have plenty of profit. GeorgeGist Jun 2014 #74
Actually, I found that the most depressing part of the article. woo me with science Jun 2014 #94
Depressing but realistic, unfortunately. Kablooie Jun 2014 #95
K&R...n/t ms liberty Jun 2014 #71
I'll believe it when the first head rolls into the basket Doctor_J Jun 2014 #75
That's actually the part that I believe the most........ socialist_n_TN Jun 2014 #99
Well, how far along are we? Doctor_J Jun 2014 #100
I don't disagree with much of this... socialist_n_TN Jun 2014 #102
Hanauer did an excellent TED talk. octoberlib Jun 2014 #78
It damn sure is...... DeSwiss Jun 2014 #87
Most likely Helen Borg Jun 2014 #96
Saving to read the whole thing. loudsue Jun 2014 #88
Sooner or later it will happen. The rich won't change. They'd alfredo Jun 2014 #92
Thanks for posting this. I read the whole thing online, and it's a great piece. IrishAyes Jun 2014 #97
k&r for exposure. n/t Laelth Jun 2014 #105
I quote from Pope Francis' Apostolic Exhortation, Evangelii Gaudium -- "The Joy of the Gospel" Fortinbras Armstrong Jun 2014 #108
I'm sharpening mine already. JaneyVee Jun 2014 #110
Kick & recommend Yo_Mama_Been_Loggin Jul 2014 #112

JustAnotherGen

(38,054 posts)
2. Another response on this
Fri Jun 27, 2014, 09:01 AM
Jun 2014


http://www.celebritynetworth.com/richest-businessmen/ceos/nick-hanauer-net-worth/

1 Billion Dollars

Recently Nick Hanauer has made headlines when he announced he supports taxing the rich more heavily. He also disagrees with the notion that rich Americans create jobs and that in reality we need to support the middle class if we want to reduce unemployment.

What he supports is interesting too - land conservation, public education, etc. etc.

socialist_n_TN

(11,481 posts)
3. The trick will be to make that flight to New Zealand worthless too.......
Fri Jun 27, 2014, 09:09 AM
Jun 2014

because NZ is experiencing the same revolution. That's what internationalism is all about. In fact, when it comes to the USA I strongly suspect that it will ALREADY be happening in the rest of the world.

 

PeoViejo

(2,178 posts)
11. When New Zealand denies them landing rights.
Fri Jun 27, 2014, 11:01 AM
Jun 2014

..they can divert to Papua-New Guinea and become kings of Cargo Cult.

DinahMoeHum

(23,604 posts)
33. . . .if the headhunters don't carve them up first. . .
Fri Jun 27, 2014, 01:32 PM
Jun 2014

. . .or throw them into a stew. . .

emsimon33

(3,128 posts)
49. Good point!
Fri Jun 27, 2014, 05:49 PM
Jun 2014

The world that these bastards have made with their greed and psychopathy leaves them nowhere to hide--at least, no where very comfortable. And then they would turn that place into a revolution.

Brigid

(17,621 posts)
5. There is nothing new in this article,
Fri Jun 27, 2014, 09:41 AM
Jun 2014

At least not to us here at DU. What is new is who is saying it. Perhaps Hanauer's fellow one-percenters will start listening eventually, but I doubt it. This is the most lucid, thoughtful article I have read in a long time.

 

stupidicus

(2,570 posts)
21. true
Fri Jun 27, 2014, 11:29 AM
Jun 2014

even to those of us that don't spend much time here

It's merely the same dynamics that preceded the decisions to try some different pie cuts back in the Great Depression. What ever cooperation the fat cats provided in that was motivated by the same very real concerns for the safety of their heads on their part.

That's the likely only reason, since it's hard to imagine or believe they had any real concerns about the social disorder that will arise other than a bigger dent in their profits/wealth it would likely result it.

valerief

(53,235 posts)
66. A .01%er saying the rich should pay more and the poor shouldn't be poor!
Fri Jun 27, 2014, 07:25 PM
Jun 2014

You won't hear those Bravo Housewives say that.

Uncle Joe

(65,134 posts)
40. This was a great read! The only paragraph I had a quibble with was this one.
Fri Jun 27, 2014, 02:05 PM
Jun 2014


It happened because we reminded the masses that they are the source of growth and prosperity, not us rich guys. We reminded them that when workers have more money, businesses have more customers—and need more employees. We reminded them that if businesses paid workers a living wage rather than poverty wages, taxpayers wouldn’t have to make up the difference. And when we got done, 74 percent of likely Seattle voters in a recent poll agreed that a $15 minimum wage was a swell idea.

Read more: http://www.politico.com/magazine/story/2014/06/the-pitchforks-are-coming-for-us-plutocrats-108014_Page2.html#ixzz35raJJevr



We didn't need reminding about this, most of us knew it all along.

JDPriestly

(57,936 posts)
89. Let's don't squelch.
Fri Jun 27, 2014, 11:55 PM
Jun 2014

The article is great. Hanauer is doing a good thing publishing it with his name on it.

If we think it is information we already know, we need to send it to Republican friends and family who don't know it

Uncle Joe

(65,134 posts)
91. I'm not trying to squelch it in anyway, as my first four words and exclamation point attested to.
Sat Jun 28, 2014, 12:14 AM
Jun 2014
This was a great read!

Having said that I don't believe the .01% should be under the mistaken delusion that the vast majority of the rest of us didn't know that a higher minimum or livable wage would be good for the economy.

Part of the problem with being in the . less than 1% is living in a bubble, detached from reality and under the mistaken belief that the uber-wealthy needed to tell us peons what was good for us, the economy and the nation.

Letting them know front and center that we didn't need to be told might at least work toward reducing the size of their bubble even if just by a little bit.

Having said that I will repeat the major premise of my previous post, I highly recommend it and I am spreading it around.

JDPriestly

(57,936 posts)
86. I like this. It is well phrased.
Fri Jun 27, 2014, 11:10 PM
Jun 2014

So forget all that rhetoric about how America is great because of people like you and me and Steve Jobs. You know the truth even if you won’t admit it: If any of us had been born in Somalia or the Congo, all we’d be is some guy standing barefoot next to a dirt road selling fruit. It’s not that Somalia and Congo don’t have good entrepreneurs. It’s just that the best ones are selling their wares off crates by the side of the road because that’s all their customers can afford.

And this:

Republicans and Democrats in Congress can’t shrink government with wishful thinking. The only way to slash government for real is to go back to basic economic principles: You have to reduce the demand for government. If people are getting $15 an hour or more, they don’t need food stamps. They don’t need rent assistance. They don’t need you and me to pay for their medical care. If the consumer middle class is back, buying and shopping, then it stands to reason you won’t need as large a welfare state. And at the same time, revenues from payroll and sales taxes would rise, reducing the deficit.

Both quotes from

http://www.politico.com/magazine/story/2014/06/the-pitchforks-are-coming-for-us-plutocrats-108014_Page3.html

Octafish

(55,745 posts)
6. Thank you for a very important read, EV_Ares!
Fri Jun 27, 2014, 09:55 AM
Jun 2014

He said, "Police State."

And so I have a message for my fellow filthy rich, for all of us who live in our gated bubble worlds: Wake up, people. It won’t last.

If we don’t do something to fix the glaring inequities in this economy, the pitchforks are going to come for us. No society can sustain this kind of rising inequality. In fact, there is no example in human history where wealth accumulated like this and the pitchforks didn’t eventually come out. You show me a highly unequal society, and I will show you a police state. Or an uprising. There are no counterexamples. None. It’s not if, it’s when.



 

1StrongBlackMan

(31,849 posts)
62. And I suspect that is what ...
Fri Jun 27, 2014, 07:18 PM
Jun 2014

a bunch of the really, really wealthy are hoping for ... a police state. Until they realize that that same police state will only protect them as long as they are really, really wealthy AND willing to make the captain of that police state, eventually, wealthier than they.

Xyzse

(8,217 posts)
7. Nicely written, and he has a few points that I keep mentioning as well.
Fri Jun 27, 2014, 10:04 AM
Jun 2014

Particularly in regards to how this system is self defeating.

Where:
"The model for us rich guys here should be Henry Ford, who realized that all his autoworkers in Michigan weren’t only cheap labor to be exploited; they were consumers, too. Ford figured that if he raised their wages, to a then-exorbitant $5 a day, they’d be able to afford his Model Ts."

The idea has always been, if you raise the bottom, it creates an effect where it raises everyone's standard up.

America is increasingly doing the "I got mine, F- everyone else." mentality, which can not last.

Baitball Blogger

(52,345 posts)
8. Sounds like someone is seriously in worry mode.
Fri Jun 27, 2014, 10:13 AM
Jun 2014

He is saying the same thing that most rich people fear. Yes, there will be change. It will come easy, or it will come from the same kind of pressure that resulted in the Civil Rights Act.

I hope it will come easy.

tclambert

(11,193 posts)
9. Nick Hanauer is the one who said, "Rich people aren't job creators, customers are job creators."
Fri Jun 27, 2014, 10:50 AM
Jun 2014

And he pointed out most customers are working people. The rich could buy more stuff, but they really don't. A rich person making 1,000 times what a regular working stiff makes doesn't buy 1,000 times as many blue jeans.

socialist_n_TN

(11,481 posts)
64. That hoarding is because they can't find enough profit.......
Fri Jun 27, 2014, 07:21 PM
Jun 2014

on any reinvestment. The only way capitalism can work is if they can find a healthy rate of return on their investment of capital. When the rate of return on investment in the productive sectors doesn't pay off as much as the Wall Street casino does (even with higher risk), they'll go where the best potential return is. The only way they'll return to the more productive sectors is if they can bring down labor costs (since labor is the highest cost to the capitalists) to the point where they can make a greater return than at the casino. That's the way the system is set up. It's called capitalism.

zeemike

(18,998 posts)
10. I don't think the majority of the 1% worry about it much.
Fri Jun 27, 2014, 10:53 AM
Jun 2014

They are confident that they have a militarized police force willing and able to bust some heads to keep them safe.
When greed is your creed you can never get enough, and you don't give a shit if millions have to die to get you more.
And they look at Rome, which had vast inequities and lasted for hundreds of years...and they hope it will work here too...or longer if globalization is spread throughout the world with military strenth...as the Romans did.

I hope they are wrong.

socialist_n_TN

(11,481 posts)
65. They don't remember Spartacus?.....
Fri Jun 27, 2014, 07:24 PM
Jun 2014

Even Rome had it's slave rebellion that ALMOST toppled the empire.

Although I certainly hope the rebellion goes more in the way the Russian revolution did rather than the Spartacist one did.

zeemike

(18,998 posts)
69. They only remember they were able to crush it with military power.
Fri Jun 27, 2014, 07:34 PM
Jun 2014

And feel confident they can do the same because of our hi tech weapons and a police force willing to do the job.

KoKo

(84,711 posts)
101. With Police Departments buying up excess military equipment
Sat Jun 28, 2014, 01:45 PM
Jun 2014

and a more militarized training program for our police (some say that's why there's such a rise in police abuse) ....we aren't far from seeing much more repression in the future.

zeemike

(18,998 posts)
103. I fear you are correct.
Sat Jun 28, 2014, 04:04 PM
Jun 2014

The only question is whether we will wake up in time to stop it...If not I feel for the young generation that will have to live with it.

Ikonoklast

(23,973 posts)
79. See: History of the Praetorian Guard.
Fri Jun 27, 2014, 09:03 PM
Jun 2014

You'll get the answer to your question.

Works the same way today, the tools are different, but the people and the greed is not.

Ikonoklast

(23,973 posts)
82. Ayup.
Fri Jun 27, 2014, 09:50 PM
Jun 2014

All it would take is an ambitious general and a cowardly politician in the executive office getting screamed at by billionaires to protect the status quo.

We are almost at the decision point, things can go either way.

The thing that I am most afraid of is another economic shock pushing the house of cards over, we are still in a very, very precarious financial state.

zeemike

(18,998 posts)
83. That reminders me of the movie 7 Days In May.
Fri Jun 27, 2014, 09:57 PM
Jun 2014

Where Burt Lancaster plaid just such a general...a great movie and really a warning.

Ikonoklast

(23,973 posts)
84. (cough) USAF General Curtis LeMay (cough)
Fri Jun 27, 2014, 10:27 PM
Jun 2014

Sort of actually not quite but there's some truth to it based on a coup that almost sort of didn't quite happen they just killed Kennedy instead.

zeemike

(18,998 posts)
85. Yep
Fri Jun 27, 2014, 10:42 PM
Jun 2014

They took a more direct route...and after that all future presidents would know what the game was about.

olegramps

(8,200 posts)
12. Aristotle's observations:
Fri Jun 27, 2014, 11:02 AM
Jun 2014

In his work, "Politics" written some 300 years before the Christian era he examined in detail over 100 forms of government and concluded that a democracy was the best form government. However, from his extensive examination he concluded that a democracy can only be sustained by a prosperous and majority middleclass. He showed that the eventual result of the concentration of wealth, a Plutocracy, has through out time eventually resulted in a violent revolution. Who knows what the "Tipping Point" could be if the situation is not corrected. Perhaps the attempt to impeach President Obama would be enough. Perhaps it could be sparked by some unforeseen event.

Perhaps I will not live long enough to witness it, but it can be guaranteed that if the present situation is not rectified that, indeed, history will be repeated.

hedgehog

(36,286 posts)
13. Now - if he organizes some of his buddies to go up aganst the Koch Brothers and their
Fri Jun 27, 2014, 11:12 AM
Jun 2014

"grass roots" Tea Party!

Stargazer99

(3,517 posts)
14. I agree-I think there is a lot of anger brewing underneath this quiet calm
Fri Jun 27, 2014, 11:18 AM
Jun 2014

I know I am fed up and the "French solution" and/or revolt seems like it might be the only way to deal with greed and the immoral state of mind that the 1% so freely indulge in. I'll bet there are others who feel the same way or even more intensley.

 

truebrit71

(20,805 posts)
17. Which is why the Ruling Class work so hard to divide us...
Fri Jun 27, 2014, 11:22 AM
Jun 2014

..it keeps our attention way from what is really going on...

WHEN CRABS ROAR

(3,813 posts)
59. I for one, am not taking the bait.
Fri Jun 27, 2014, 06:51 PM
Jun 2014

These tired old eyes have seen a lot in the last 74 years, a lot that can't be forgotten easily, we know the problems, the solution lays in a non-violent peaceful, populist revolution, that will happen when enough of the population understands clearly how to achieve results using general strike tactics.

 

truebrit71

(20,805 posts)
16. Agreed. The entire article is worth the read...
Fri Jun 27, 2014, 11:21 AM
Jun 2014

...he's in a very small minority I fear, the vast majority of his peers belong to the F.Lee Bailey school of thinking, 'He who dies with the most toys, wins'...

ewagner

(18,967 posts)
19. HE GETS IT!!!
Fri Jun 27, 2014, 11:28 AM
Jun 2014

I posted the link on facebook in hopes (slim probably) that some of my conservative friends will read it.

The thinking is remarkably fresh....and the reasoning is simple enough for a tea-bagger to understand...maybe...

I think the argument will appeal to those who reject of are turned off by the social justice arguments but understand that there is something intrinsically wrong in America and we have two choices : change or revolution...

Maybe the message will get through...maybe..

calimary

(90,017 posts)
46. He certainly does!
Fri Jun 27, 2014, 04:01 PM
Jun 2014

From the second page:

The model for us rich guys here should be Henry Ford, who realized that all his autoworkers in Michigan weren’t only cheap labor to be exploited; they were consumers, too. Ford figured that if he raised their wages, to a then-exorbitant $5 a day, they’d be able to afford his Model Ts.
What a great idea. My suggestion to you is: Let’s do it all over again. We’ve got to try something. These idiotic trickle-down policies are destroying my customer base. And yours too.
It’s when I realized this that I decided I had to leave my insulated world of the super-rich and get involved in politics. Not directly, by running for office or becoming one of the big-money billionaires who back candidates in an election. Instead, I wanted to try to change the conversation with ideas—by advancing what my co-author, Eric Liu, and I call “middle-out” economics. It’s the long-overdue rebuttal to the trickle-down economics worldview that has become economic orthodoxy across party lines—and has so screwed the American middle class and our economy generally. Middle-out economics rejects the old misconception that an economy is a perfectly efficient, mechanistic system and embraces the much more accurate idea of an economy as a complex ecosystem made up of real people who are dependent on one another.
Which is why the fundamental law of capitalism must be: If workers have more money, businesses have more customers. Which makes middle-class consumers, not rich businesspeople like us, the true job creators. Which means a thriving middle class is the source of American prosperity, not a consequence of it. The middle class creates us rich people, not the other way around.


Read more: http://www.politico.com/magazine/story/2014/06/the-pitchforks-are-coming-for-us-plutocrats-108014_Page2.html#ixzz35s6Ixl1R

MFrohike

(1,980 posts)
22. Everyone should read it more closely
Fri Jun 27, 2014, 11:29 AM
Jun 2014

He wants to see the minimum wage go up so that safety net programs can be cut.

Tom Rinaldo

(23,187 posts)
41. I read it all and I disgree
Fri Jun 27, 2014, 02:18 PM
Jun 2014

What he clearly wants is for the minimum wage to go up so that workers can afford to be active consumers supporting a robust economy - that is his primary pitch. To help sell that idea to his fellow 1%ers who worry about how bad it is to have government meddle in the market place he makes the case that if we lift people out of poverty by allowing workers to earn enough money to truly live on, there will be less people who will be forced to depend on government programs merely to survive.

I don't think he is saying cut the safety net. I think he is saying if we fill in most of the cracks in the economy that millions of Americans currently fall through that we will no longer need the safety net to keep growing just to keep increasing numbers of people alive. I don't hear him arguing that there should not be a safety net for those who need one, I hear him arguing that we should increase wages so that far fewer people need a safety net - which would organically decrease the size of those programs.

MFrohike

(1,980 posts)
47. If you say so
Fri Jun 27, 2014, 05:25 PM
Jun 2014

I see a call for smaller government and less government aid to all Americans, not just the poor.

Ikonoklast

(23,973 posts)
90. Make as many of the poor no longer poor by paying them a living wage, there would be MORE money
Sat Jun 28, 2014, 12:14 AM
Jun 2014

for those who really need it.

The previously poor are now paying taxes, earn a decent living, and do not need government assistance anymore.

There are less poor people, the bureaucracies dedicated to helping the poor have less to do now, they can be shrunk or given other higher-priority jobs to do.


My take, ymmv.

nomorenomore08

(13,324 posts)
54. He sees the folly of unregulated capitalism. That in itself is significant, for someone like him.
Fri Jun 27, 2014, 06:19 PM
Jun 2014

Plenty of people at his level still buy into the "free market" myths, or at least profess to.

MFrohike

(1,980 posts)
76. I don't think so
Fri Jun 27, 2014, 08:48 PM
Jun 2014

It seemed more like "throw them a sop to forestall more drastic moves" than anything deeper. It reeked of noblesse oblige, in that it struck me as a suggestion for the barons to throw the peasants a bone, rather than the peasants acting as the political sovereign they are.

nomorenomore08

(13,324 posts)
77. Maybe so. He is still acting out of his own self-interest, mainly. Not unlike the rest of us.
Fri Jun 27, 2014, 08:50 PM
Jun 2014

But even the proverbial stopped clock is right twice a day.

Kablooie

(19,107 posts)
72. The fewer people that need safety net programs the better for all of us.
Fri Jun 27, 2014, 08:00 PM
Jun 2014

To lift people out of government programs and into personal independence is a good thing.

 

imthevicar

(811 posts)
23. Told you SO!
Fri Jun 27, 2014, 11:39 AM
Jun 2014

I know what you think: You think that Occupy Wall Street and all the other capitalism-is-the-problem protesters disappeared without a trace. But that’s not true. Of course, it’s hard to get people to sleep in a park in the cause of social justice. But the protests we had in the wake of the 2008 financial crisis really did help to change the debate in this country from death panels and debt ceilings to inequality.

Read more: http://www.politico.com/magazine/story/2014/06/the-pitchforks-are-coming-for-us-plutocrats-108014_Page4.html#ixzz35r2dpjap

 

magical thyme

(14,881 posts)
24. they've already decided on the police state
Fri Jun 27, 2014, 11:44 AM
Jun 2014

The reason the rest of the 0.01%ers think he's crazy is because, as he says, this level of inequality ends *either* in revolution *or* a police state.

They've already armed and trained the police for a police state. That die has been cast. We just need to hope the police will wake up and realize it's their extended families and neighbors they're tasing and flash bang grenading.

grasswire

(50,130 posts)
30. the tens of thousands of GIs brutalized by Iraq/Afghanistan...
Fri Jun 27, 2014, 12:54 PM
Jun 2014

....have been perfectly prepared for war against their own citizens. Many of them already have gone into policing. Many of them will be sought as privatized policing grows to protect the plutocrats.

DinahMoeHum

(23,604 posts)
35. Cuts more ways than one, though.
Fri Jun 27, 2014, 01:51 PM
Jun 2014

There may be others who could go the other way and conduct vigilante or underground operations against said plutocrats.

randys1

(16,286 posts)
26. Divide and conquer is the only reason it hasnt happened yet, the pitchforks, in fact
Fri Jun 27, 2014, 12:11 PM
Jun 2014

you wouldnt need pitchforks if the idiot middle class and poor on the right would grow up...

we could change everything, fix everything, including and ESPECIALLY our disastrous trade policy

 

toby jo

(1,269 posts)
27. There is no front line.
Fri Jun 27, 2014, 12:15 PM
Jun 2014

Our military is so massive it just isn't going to happen unless it is they who lead. They won't, they're being fed.

The revolution will be intrinsic - universal strike style. Nobody goes to work, nobody pays their taxes, nobody shows up for court, everybody hits the streets. And we call it, we own the time, the place, the beginning of it, and the end of it.

Well, at least Nick is paying attention.

grasswire

(50,130 posts)
31. ...and total surveillance
Fri Jun 27, 2014, 12:56 PM
Jun 2014

Dissenting will be much harder in this militarized surveillance state at home.

Barack_America

(28,876 posts)
32. Exactly my thought. The spy state and drones change things.
Fri Jun 27, 2014, 01:01 PM
Jun 2014

The upswell would have to enormous to counter those.

Still, I don't doubt that it will someday happen.

DinahMoeHum

(23,604 posts)
34. Hannauer's family background is well worth mentioning
Fri Jun 27, 2014, 01:47 PM
Jun 2014

and serves as a cautionary tale:

http://www.politico.com/magazine/story/2014/06/the-pitchforks-are-coming-for-us-plutocrats-108014_Page4.html#ixzz35rVtccUt

(snip)
My family, the Hanauers, started in Germany selling feathers and pillows. They got chased out of Germany by Hitler and ended up in Seattle owning another pillow company. Three generations later, I benefited from that.
(snip)

Back then, Germany, like the rest of the world, in was the Depression. It gave rise to Hitler and the Nazis who gave unemployed starving Germans convenient targets to blame for their problems. And it was mostly the middle class (both formerly and what was left of them) that made his rise to power possible.

Lest we forget.

 

closeupready

(29,503 posts)
37. I'm K&R'ing this, but to be honest, I think it's too late.
Fri Jun 27, 2014, 01:57 PM
Jun 2014

I think that trickle-down has been SO successful and capturing the talking heads in the DC bubble and in the 'free market' of ideas that it's certain to lead to significant social disruption. It has given crooks and our corrupt Congress a plausible theory as a means of covering the fact that they are all in the same bed together, taking the same money, and serving the same uber-masters.

I'm not sure what form that disruption is going to take - I don't think it will be violence - but the momentum behind trickle down is simply too strong after 34 years since Reagan really put it into practice.

 

Taitertots

(7,745 posts)
38. "Terrible - for everyone"? Nope, just him
Fri Jun 27, 2014, 02:02 PM
Jun 2014

If the productive gains of the masses went to the mass it would be a golden age for the vast majority of the people on earth.

Populist_Prole

(5,364 posts)
43. So refreshing to hear a one percenter extol demand-side economics
Fri Jun 27, 2014, 02:32 PM
Jun 2014

Not only is it the more just system, but the upper ends will actually benefit as well, but that most 1 percenters are so greedy that they think a prosperous middle class is somehow bilking them out of money right now.

HughBeaumont

(24,461 posts)
44. . . . and of course, swaths of Politico's commenters STILL INSIST that "Gubmint's th' problems!"
Fri Jun 27, 2014, 02:43 PM
Jun 2014

It of course could NEVVAHRR be teh preshius infallible and uncorruptible St. Free MARKETZ that's the problem. NOOOOOOOooO!!! If gubmint would just let the CEOs just do what they want and pay what they CAN (because they're SOO poor!) everything would be clouds shitting rainbows on 'Murica!! "Yew libs are so stuped and want to trun The Untied Statists uf Murica into a commewnist socaltits paradice". "Raise minimum wage, get maximum unemployment!" "Y not just rayse it ot a hunnert dollarz n hour, or a thousand or a BILLIN??"

Worse yet, they talk to YOU like YOU'RE the stupid one. That's what galls ME above everything.

CrispyQ

(40,969 posts)
48. I see this at the company my husband works at.
Fri Jun 27, 2014, 05:48 PM
Jun 2014

Lay off dozens of workers & to hire more VPs & Directors.

Because here’s an odd thing. During the past three decades, compensation for CEOs grew 127 times faster than it did for workers. Since 1950, the CEO-to-worker pay ratio has increased 1,000 percent, and that is not a typo. CEOs used to earn 30 times the median wage; now they rake in 500 times. Yet no company I know of has eliminated its senior managers, or outsourced them to China or automated their jobs. Instead, we now have more CEOs and senior executives than ever before.

Fortinbras Armstrong

(4,477 posts)
107. Actually, one company I used to work for eliminated one level of middle management
Sun Jun 29, 2014, 10:02 AM
Jun 2014

And as far as anyone could tell, it made no difference. Which says to me that it was wholly unnecessary.

CrispyQ

(40,969 posts)
109. There are levels of upper management that would go without notice, too.
Sun Jun 29, 2014, 10:36 AM
Jun 2014

Why don't those jobs get outsourced?

alterfurz

(2,681 posts)
51. Despite the historical odds, our current 0.1% are betting this time will be different...
Fri Jun 27, 2014, 06:08 PM
Jun 2014

Maybe if we listened to it, history would stop repeating itself. -- Lily Tomlin



[Intro]
Hey you!
We got your war
We're at the gates
We're at your door

[Hook]
We got the guillotine
We got the guillotine, you better run

[Verse 1]
We want to thank you for flying with us
We know you coulda stayed home, just cried and cussed
May all your guns go off if it's time to bust
May all they tanks have time to rust
They got the armies turning bullets into gold
They got the hookers turning tricks in the cold
And every time the police kicks in a door
An angel gas break dips in the O
And even if a d-boy flips him a O
It ain't enough to buy shit anymore
Sleep in the doorway, piss on the floor
Look in the sky, wait for missiles to show
It's finna blow cause
They got the TV, we got the truth
They own the judges and we got the proof
We got hella people, they got helicopters
They got the bombs and we got the, we got the

[Hook]

[Bridge: Silk-E]
Don't talk about it
It won't show
Be about it
It's 'bout to blow

[Verse 2]
I just spit the dope lines, I don't snort 'em
Tell the boss to call police to escort him
You don't write all them lines, you just quote 'em
Get offline, plug in to this modem
No, you can't out-vote 'em
The rules is still golden
Only jewels we holding is if we guarding our scrotum
If you press your ear to the turf that is stolen
You can hear the sound of limitations exploding
Please sir, may we have another portion?
We're children of the beast that dodged the abortion
Neck placed firm 'tween the floor and the Florsheim
We'll shut your shit down, don't call it extortion
Caution -- we're coming for your head
So call the Feds and get files to shred
Every textbook read said bring you the bread
But guess what we got you instead?

[Hook]

[Outro: Silk-E]
Let's keep it banging like a shotgun
We in a war before we fought one
Now if you're tired of working from day to day
A common enemy, we got one
Now keep it banging like a shotgun
We in a war before we fought one
Now if you're tired of working from day to day
A common enemy, we got one

nomorenomore08

(13,324 posts)
58. Boots Riley is probably the most "famous" person I've ever said hello to/shook hands with.
Fri Jun 27, 2014, 06:27 PM
Jun 2014

Living in Oakland (which I don't anymore) does have its perks.

Puzzledtraveller

(5,937 posts)
63. Nothing will happen, nothing will change
Fri Jun 27, 2014, 07:20 PM
Jun 2014

we will swap one oligarchy for another and think we are getting somewhere, we do this every 4-8 years.

Kablooie

(19,107 posts)
70. He's right that the argument should not be about fairness.
Fri Jun 27, 2014, 07:56 PM
Jun 2014

It should be about economics.

Talk of fairness will make the guys who can do something about the problem plug their ears.
Put it in terms of making a stronger economy and more profits for all and you will get their attention.
That's the real bottom line.

Blaukraut

(5,998 posts)
73. It's sad, really. Those sociopaths are incapable of empathy
Fri Jun 27, 2014, 08:11 PM
Jun 2014

and a sense of fairness. Everything has to be presented through the lens of economic opportunity for them. (make more profit by giving the unwashed masses more spending money).

Kablooie

(19,107 posts)
80. Yep, but capitalism is based on selfishness so the selfish are the ones who profit most.
Fri Jun 27, 2014, 09:05 PM
Jun 2014

GeorgeGist

(25,570 posts)
74. We already have plenty of profit.
Fri Jun 27, 2014, 08:20 PM
Jun 2014

The 2013 GDP was $49000 for every man, woman and child in the US.

If normally distributed, the average family of 4 would have nearly $200,000 annual income.

woo me with science

(32,139 posts)
94. Actually, I found that the most depressing part of the article.
Sat Jun 28, 2014, 02:01 AM
Jun 2014

The fact that arguments about empathy and service to human beings are immediately disregarded as completely irrelevant shows how malignantly the corporate messaging is perverting us.

We are supposed to have a government, "of, by, and for the people." People are the reason we have governments. People create governments to serve us, not the other way around. The welfare of people should NEVER be irrelevant. It should be our priority.

We need more than adjustments to the flow of money. We need serious challenges to the sick assumptions and obscene priorities that make this kind of predatory behavior by the wealthy not only acceptable, but expected in our nation.

Kablooie

(19,107 posts)
95. Depressing but realistic, unfortunately.
Sat Jun 28, 2014, 02:16 AM
Jun 2014

But to be fair, there are one percenters who do retain compassion.
I think it has to do with the reason people got rich.
For example many rich actors, and other people in the arts are Democrats because they believe in supporting people.

If you're an entrepreneur or banker the accumulation of wealth is your goal in life and a cutthroat attitude is needed to become successful.
This avarice kills empathetic qualities in a person.

For some artists becoming rich was never a real goal.
Instead they are driven to do what they love.
The money comes because they do their job so well and is a nice perk but was never their goal.
For these people even if the job didn't pay well they would still do it.
When this is the case they can retain human feelings towards others in spite of being wealthy.



socialist_n_TN

(11,481 posts)
99. That's actually the part that I believe the most........
Sat Jun 28, 2014, 09:52 AM
Jun 2014

They won't see it coming and, quite frankly, neither will most of us. A revolutionary mass movement appears to come suddenly (as the article says, someone sets himself on fire or bus rates are raised), but it builds under the surface for a while. So we won't really know what spark sets it off, but we just need to be prepared when it does.

That's where a vanguard group comes in and why a vanguard group is so important. The vanguard are the ones who are prepared to guide the anger of the masses in the correct direction, i.e., the wealthy capitalists and more broadly, the system itself. If there is no vanguard pushing in this direction, there are a couple of other ways the anger can go, into fascism or into Bonapartism.

 

Doctor_J

(36,392 posts)
100. Well, how far along are we?
Sat Jun 28, 2014, 12:29 PM
Jun 2014

Suppose an IED or some such thing were to go off at Fox "News" HQ. What would follow - a quick succession of similar acts of rebellion, or...nothing? If the "spark" were to happen next week or next month or in November assuming the Repukes take the Senate, will it catch fire?

As we saw in Nevada right wingers are allowed to get away with pretty much anything, including pointing rifles at federal officers. But I have a feeling that any pushback against the right will be met with the full power of the state, and formulating a revolution under such conditions will be very tough. It would be nice, as my time on Earth is running a little short and I'd love to see a realignment before I go, but a long shot IMO.

socialist_n_TN

(11,481 posts)
102. I don't disagree with much of this...
Sat Jun 28, 2014, 02:02 PM
Jun 2014

And if it is some sort of IED going off at Fox Noise, that would actually be counterproductive. It needs to come from the working class probably via some sort of strike action that is brutally repressed.

As to the RWers getting away with pretty much anything, that's par for the course. The fascists are the attack dogs of the capitalist system, so they're always in lock-step with the power structure when it comes to repressing the people and especially the working class. Look at Ukraine for the model of anything that happens here. Or in western Europe for that matter.

Now is the time for organizing and propagandizing against this situation. People need to know the history. The VERY FIRST people the fascists come after are not social or racial groups, but unionists, communists, and socialists because the owners and their attack dogs (the fascists) know that any sort of effective resistance will come from those groups.

octoberlib

(14,971 posts)
78. Hanauer did an excellent TED talk.
Fri Jun 27, 2014, 08:59 PM
Jun 2014

I've posted it on here before but re-posting for those who haven't seen it.







alfredo

(60,301 posts)
92. Sooner or later it will happen. The rich won't change. They'd
Sat Jun 28, 2014, 12:35 AM
Jun 2014

Rather die than give up one filthy copper.

IrishAyes

(6,151 posts)
97. Thanks for posting this. I read the whole thing online, and it's a great piece.
Sat Jun 28, 2014, 08:21 AM
Jun 2014

The French aristocracy never saw it coming either.

Fortinbras Armstrong

(4,477 posts)
108. I quote from Pope Francis' Apostolic Exhortation, Evangelii Gaudium -- "The Joy of the Gospel"
Sun Jun 29, 2014, 10:05 AM
Jun 2014

In which he describes trickle-down economics, "The promise was that when the glass was full, it would overflow, benefitting the poor. But what happens instead, is that when the glass is full, it magically gets bigger, nothing ever comes out for the poor."

He also wrote,

Some people continue to defend trickle-down theories which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world. This opinion, which has never been confirmed by the facts, expresses a crude and naïve trust in the goodness of those wielding economic power and in the sacra­lised workings of the prevailing economic system. Meanwhile, the excluded are still waiting.
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