11-12-2019, 05:11 PM
TARP put the rescue of the financial industry first. The failure of the banks kept the meltdown of 1929-1932 snowballing, and rescuing the banks looked like the right way to keep savings accounts, payrolls, and other assets from disappearing.
The problem: Big Business recovered first, found Obama and liberalism no longer useful, and able to bankroll the reactionary Tea Party, they were able to install reliable stooges in Congress and in state legislatures. Pure plutocracy was the dream, and with the election of Donald Trump the plutocrats came close to getting what they wanted.
So if the 1930's were a time of social reform and improving conditions for most people, the 2010's have been a time in which the only progress is in concentrating wealth and income among the economic elites. Obama and what may have remained of the Democratic Party may have slowed the trend, but by 2017 the Master Class seemed to have all the levers of power in its hands
.
The problem: Big Business recovered first, found Obama and liberalism no longer useful, and able to bankroll the reactionary Tea Party, they were able to install reliable stooges in Congress and in state legislatures. Pure plutocracy was the dream, and with the election of Donald Trump the plutocrats came close to getting what they wanted.
So if the 1930's were a time of social reform and improving conditions for most people, the 2010's have been a time in which the only progress is in concentrating wealth and income among the economic elites. Obama and what may have remained of the Democratic Party may have slowed the trend, but by 2017 the Master Class seemed to have all the levers of power in its hands
.
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.