Tuesday, March 22, 2016

Both Parties ignore the bottom 90%

Hartmann explains that Republicans are the Party of the ultra-rich. The Democratic Party used to be the Party of labor and the working class but is now the Party of the professional class, the top 10%. Neither give shit about the rest of us.

Another interesting point is that these professional-favoring Democrats got obsessed with complexity. But given the distinctions made in recent posts about different kinds of complexity, the kind favored by these Dems was the metaphysically abstract kind that doesn't arise from concrete embodiment. Hartmann uses the example of Wall Street's complex financial instruments, which are exactly of this kind. They are not based in concrete wealth but are mere abstract things is some kind of Platonic ideal plane. They do manage though to extract real wealth from the economy.

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