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by wrkrinsec99 2129 days ago
Both parties have supported Fed leadership that relied on worker insecurity to keep people in their jobs:

https://www.nytimes.com/1997/02/27/business/job-insecurity-o...

America does not have a stories history of being labor friendly. It’s pretty much old European pissing competitions imported anew after WW2. Identity which the country had begun to schlep off between the Gilded Age and WW1. Refugees brought it back over.

The best part of all this is Adam Smith only ever mentions markets in the context of a free labor market, buoyed by government support of equality of condition.

But Smith and Aristotle, who wrote Democracy is likely the most moral government, are cast aside for James Madison who wrote the Senate ought to protect the rich from Democracy or the people will take all the aristocrats stuff.

This is all 2,000+ years old rhetoric. Human biology hasn’t evolved so fast in that time that such concerns of the past are rendered obsolete.

2 comments

Were I rich right now, being educated enough to understand history, and looking at the relative income gap being larger than the french revolution, I'd be wanting to redistribute some wealth right now myself, lest it be taken by force. A 3% wealth tax seems "extreme" right now, but it will be preferable if the wedge making the poor fight each other breaks down.
The people who become obscenely wealthy in this country become so precisely because they have so little regard for others and almost no comprehension of the long-term impacts of massive inequality (either to the nation or their own physical security). And the system has become so perverse and adept at indoctrination that these people are heralded as heros when they drop a few crumbs from the table.
Aristotle considered democracy a deviant form of a polity. His views on democracy are more negative and complex than you're making it sound, which leads me to doubt what you're saying about the rest.

To learn more: https://plato.stanford.edu/entries/aristotle-politics/

Forgive me for not satisfying you with a nuanced treatise on a casual forum. Aristotle’s ultimate conclusion was that “for the average person” Democracy was the moral government.

He was not of average status. His nuance and negativity was, to my mind, self preservation driven. Nonetheless, he understood the benefits of Democracy to what we’d call “Main Street” life as obvious. He dismissed on those grounds as well, given the threat to his status. He got what it meant as an idea and agreed it would be a moral win for the public.

Ultimately I’m not writing a biography here. This isn’t rocket science and there’s little new territory to really be walked.

America of a generation ago had high taxes flooding communities with money. Now that generation is wielding a nations wealth against the next generation.

America is a lot of control freaks policing each other for compliance to sound economics and calling it freedom.