Jacob Lew: Another Brick in the Wall Street on the Potomac (William K. Black)

[rhett o rick]

11. I am currently reading "The Irony of Democracy" by Thomas R. Dye.

I am just getting started but it looks like the Elite Theory says that the elite rule and if they understand that the masses should have some success or the whole system fails, good. But if they get tooo fucking greedy, they kiss the whole system goodbye. It isnt clear to me, but I think the Elite Theory suggests that we are just fucked. Totally at the mercy of the elite. Rebellion will just cause repression. Now I dont believe that.

On another note, you talked about the creation of wealth. I would like to learn more about that subject. As of now, it appears to me that not much wealth has been created in the last decade. Why bother to work to create wealth when it is soooooooo easy to steal wealth? For example, Bains Capital has made billions w/o creating any wealth.

Someone figured out in about 1980 that the middle class in the USofA had a great deal of total wealth and they started to loot it. Sharing, of course with our so-called Congressional representatives.

Seems to me that this will continue despite the "Democrat" in the WH, until the masses revolt and the elite figure out they need to give us some "cake".