Posted 1 year ago on Oct. 13, 2012, 11:26 a.m. EST by agkaiser
from Fredericksburg, TX
This content is user submitted and not an official statement
Alternet, October 13, 2012
October 10, 2012 The following is an excerpt from 99 to 1: How Wealth Inequality Is Wrecking the World and What We Can Do About It , by Chuck Collins (Berrett-Koehler, 2012).
“Starting in the mid-1970s, the rules were changed to reorient the economy toward the short-term interests of the 1 percent. ”
The rules did change in the mid seventies. While I don't know when the re-concentration of wealth started, I do know that the 'Right to Work” laws sprang up in the mid fifties in the South and piggybacked onto the racist backlash to Brown v Board. That's when many in the working class were made dupes, who worked against their own self interest, by the Republican far right simulacrum of the Ku Klux Klan. The acolytes of Ayn Rand were co-opted by the right at the same time and still haven't figured out that they've been subsumed by a fascist resurgence reaction to the New Deal.
The cons have never forgiven FDR for allowing the unions to have a little power in America or the general prosperity it promoted. That's why it's impossible to compromise with the right wing. They want it all for themselves and don't have enough sense to know that only one in a hundred of them actually can be part of the one percent. If we allow them to have half of what they want today they'll demand the rest tomorrow. In the end there won't be enough left for us to survive.