Monday, October 12, 2009

American Plutocracy

What we have now is a plutocracy, and plutocracies tend to be either reformed (see 1930s New Deal) or end in considerably more grief (see various armed revolutions in Latin America, Africa and Asia.) I much prefer the "reform" route of the two choices.

One thing that bugs me about people who call themselves "liberals" is that there are enough upper income ("creative class") people calling themselves that that any mention of the typical means of reform (steeply progressive tax rates and income redistribution) is greeted like the rantings of Marxists, rather than the thoroughly sensible, historically proven ideas they actually are.

No comments:

Post a Comment