Oligarchy and democracy cannot coexist. Thank you, Professor Reich, for your assiduous efforts to make this crucial point, of which this column is such a great example. Inequality has soared since Reagan’s election in 1980, and fitful efforts to narrow it have effectively failed. Inherited dynastic wealth will always support right-wing p…
Oligarchy and democracy cannot coexist. Thank you, Professor Reich, for your assiduous efforts to make this crucial point, of which this column is such a great example. Inequality has soared since Reagan’s election in 1980, and fitful efforts to narrow it have effectively failed. Inherited dynastic wealth will always support right-wing politicians and tax reduction, if not elimination. Biden has tried very hard to help stop the upward accumulation of wealth, and debt penury for those lower down on the economic ladder, but without a Congress and judiciary to help him he has had limited success. Plus *Rump will wipe what little has been accomplished away in a heartbeat if he gets back in. All those dumb racist MAGAS who send him their nickels and dimes so he can pay his legal bills are the manifestation of what propaganda and the culture wars can do to destroy a country. A wealth tax would help, but avoiding a French 1789 moment is becoming harder. In our case it would produce fascism not freedom or equality.
Oligarchy and democracy cannot coexist. Thank you, Professor Reich, for your assiduous efforts to make this crucial point, of which this column is such a great example. Inequality has soared since Reagan’s election in 1980, and fitful efforts to narrow it have effectively failed. Inherited dynastic wealth will always support right-wing politicians and tax reduction, if not elimination. Biden has tried very hard to help stop the upward accumulation of wealth, and debt penury for those lower down on the economic ladder, but without a Congress and judiciary to help him he has had limited success. Plus *Rump will wipe what little has been accomplished away in a heartbeat if he gets back in. All those dumb racist MAGAS who send him their nickels and dimes so he can pay his legal bills are the manifestation of what propaganda and the culture wars can do to destroy a country. A wealth tax would help, but avoiding a French 1789 moment is becoming harder. In our case it would produce fascism not freedom or equality.
Democracy with capitalism leads to Oligarchy. Human greed, given a free rein, thrives!
https://www.theatlantic.com/ideas/archive/2024/02/solzhenitsyns-warning-for-the-united-states/677508/