"Around 1980 Americans began to accept in large numbers the idea that wealth should be concentrated entirely in the hands of a small group of people – sure, we tried that in the 19th Century and the results were subpar, but this time there were fancy Austrian economics to reassure us that the rising tide would lift all boats. Abandoning the social safety net, public schools, and the like was a recipe for increased wealth inequality and, as the past 30 years have shown, it worked like a charm. So now our society is less like those we used to consider peers (the U.K., Germany, Canada, etc.) and more like the ones we usually condescend (Brazil, India, and other 2nd World countries with great but poorly distributed wealth)."
Ed at Gin And Tacos. Actually, the quote comes from a post on this generations Prohibition, The War On Drugs.
Wednesday, June 01, 2011
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