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In reply to the discussion: The Scale of Wall Street’s Holdings Are ''Unprecedented in U.S. History'': Senate Report [View all]hifiguy
(33,688 posts)Last edited Mon Dec 1, 2014, 03:15 PM - Edit history (1)
that a certain degree of prosperity has to be spread around. I am reading Milton Mayer's "They Thought They Were Free" - an examination of how ordinary Germans in one town viewed the Hitler regime. They were unanimous is observing that all of their lots improved, materially, in the 1932-1939 pre-WWII era, sometimes very significantly. White South Africans were prosperous in the apartheid era. There was a solid middle-class in both Pinochet's Chile and Mussolini's Italy.
The American plutocrats have something else in mind - a system of purely feudal economics, with themselves and their small coterie of necessary servitors owning everything and the rest of the populace reduced to a state below that of a medieval serf or peon, with a fascist power structure in place to protect them - at ALL costs - from the impoverished Teeming Millions.
There is something new under the sun, after all, and it is goddamn terrifying.