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by andix 38 days ago
I agree with you to some point. I just wouldn't frame it in a Marxist way, working class vs. everyone else. It concerns nearly everyone, not just the working class. Limiting it to the working class, excludes many influential people who are more wealthy, far away from being billionaires, but still suffer from the current developments.

We've seen such cycles before. Elites getting too wealthy and influential, until they are stopped. Long ago it was feudalism. But even early capitalism had such an example with the Gilded Age in the US. After WW2 it probably reached the state of being mostly reversed, only to start redeveloping. Funnily enough the Gilded Age was ended by Republicans.