The Hypocrisy of the Rich and PMC in Complaining About What They Created
rogerboyd.substack.com
The United States is an oligarchy, and it pretty much has been since the late 1800s when businesses grew to be massive in size (railways, steel, oil) while the US state was still very small. Hamilton had attempted to install an oligarchy in the late 1700s, but this was fought back and US politics during most of the 1800s was a result of the fight between oligarchy and democracy – which was lost for good at the end of the nineteenth century. Between the 1930s and 1970s there was a compact between the oligarchs and the working class to more equitably share the dividends of a growing economy and increasing productivity, but that was thrown away by the rich from then on and the US is probably more an oligarchy now than it was in age of the Robber Barons.
The Hypocrisy of the Rich and PMC in Complaining About What They Created
The Hypocrisy of the Rich and PMC in…
The Hypocrisy of the Rich and PMC in Complaining About What They Created
The United States is an oligarchy, and it pretty much has been since the late 1800s when businesses grew to be massive in size (railways, steel, oil) while the US state was still very small. Hamilton had attempted to install an oligarchy in the late 1700s, but this was fought back and US politics during most of the 1800s was a result of the fight between oligarchy and democracy – which was lost for good at the end of the nineteenth century. Between the 1930s and 1970s there was a compact between the oligarchs and the working class to more equitably share the dividends of a growing economy and increasing productivity, but that was thrown away by the rich from then on and the US is probably more an oligarchy now than it was in age of the Robber Barons.