A 50-year project to turn the world’s strongest democracy into a playground for the rich... hartmannreport.com/p/the-great-...
130 reposts239 likes
A 50-year project to turn the world’s strongest democracy into a playground for the rich... hartmannreport.com/p/the-great-...
130 reposts239 likes
Great article @hartmannreport.com. A good reminder that this wasn’t a natural de-evolution, but a very planned long-game. And that means WE CAN turn things around. It’s time for phase 2 Capitalism. Maximum wages, build unions, tax billionaires to pay for the transition. 🤞🙏
Excellent facts, but I’d argue this is missing modern context. I’m not sure it helps to talk about wealth concentration at this moment without discerning the difference between Reagan-Bush-Clinton-Bush-Obama-Trump1 Plutocracy and the Trump2 Oligarchy we have entered. My little effort to explain:
So, please forgive some extra words here, but I think it’s worthwhile to review the difference of two concepts that are far too often conflated: Plutocracy and Oligarchy. 🧵