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xchrom

(108,903 posts)
Wed Nov 6, 2013, 06:35 AM Nov 2013

There Once Was a Time When the Super-Rich Needed a Middle Class to Be Successful -- Not Any More [View all]

http://www.alternet.org/economy/rich-dont-need-us

***SNIP

As Paul Buchheit brilliantly points out over at AlterNet, "As they accumulate more and more wealth, the very rich have less need for society. At the same time, they've convinced themselves that they made it on their own, and that contributing to societal needs is unfair to them. There is ample evidence that this small group of takers is giving up on the country that made it possible for them to build huge fortune."

Buchheit goes on to say that, "The rich have always needed the middle class to work in their factories and buy their products. With globalization this is no longer true... They don't need our infrastructure for their yachts and helicopters and submarines. They pay for private schools for their kids, private security for their homes. They have private emergency rooms to avoid the health care hassle. All they need is an assortment of servants, who might be guest workers coming to America on H2B visas, willing to work for less than a middle-class American can afford"

Unfortunately, these millionaires and billionaires who have given up on America and on the working class are in control of the political process in this country.

They have brainwashed Republicans into thinking that the success of working-class Americans no longer matters for the future of this nation.
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What kills me is how many voters associate themselves with this demographic... Earth_First Nov 2013 #1
They still do, they have just found a way to circle the drain more slowly with a weak middle class stevenleser Nov 2013 #2
Now all you have to do is convince the ultra-smart super-rich of that fact Fumesucker Nov 2013 #5
they've created ways to make money no matter how the economy is doing for the rest of us. KG Nov 2013 #3
And a lot of it is automated - if an asteroid destroyed all life on earth. it would keep going. bananas Nov 2013 #27
In the big picture their wealth is worthless. n/t RKP5637 Nov 2013 #4
Only if enough people don't think what they have is wealth The2ndWheel Nov 2013 #20
They brainwash the people they don't need to buy. nt valerief Nov 2013 #6
The have the military Ichingcarpenter Nov 2013 #7
+1 xchrom Nov 2013 #8
And they have AnotherMcIntosh Nov 2013 #26
The Oligarchs And Corporations Own And Control The Politicians That Own And Control Us cantbeserious Nov 2013 #9
Agree ReRe Nov 2013 #25
k&r for exposure. n/t Laelth Nov 2013 #10
Hillary 2016. NYC_SKP Nov 2013 #11
I suppose when they are making fortunes by betting and trading on what amounts to complicated IOU's Douglas Carpenter Nov 2013 #12
When making money is de-coupled from generating wealth (in the classic meaning of the word) Ikonoklast Nov 2013 #13
I am far from an economist, but ... LisaLynne Nov 2013 #17
I don't think it's sustainable - anymore than if you and I traded back and forth notes promising Douglas Carpenter Nov 2013 #21
That is an excellent metaphor and description of it. nt LisaLynne Nov 2013 #22
The last little bump was a warning. We failed to heed it. Ikonoklast Nov 2013 #23
I have found, from posting on my local right wing site, watoos Nov 2013 #14
Traditionalists Awknid Nov 2013 #28
Someone, somewhere has to be able to buy stuff. winter is coming Nov 2013 #15
We shall emulate the fall of Rome if we discard our middle. Festivito Nov 2013 #16
Sadly, I think that's a fait accompli at this point. marmar Nov 2013 #29
With the insane trade policies that allow companies to offshore B Calm Nov 2013 #18
The funniest part is this: They don't need us, because of growing classes with disposable income Ikonoklast Nov 2013 #24
We need to hurry and find a way flobee1 Nov 2013 #19
What utter bullshit revisionist claptrap hootinholler Nov 2013 #30
This is why it may take their blood and that of all their relatives to end this emsimon33 Nov 2013 #31
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