Quote:
Originally Posted by Luckbox Inc
It's a conspiracy theory about conspiracy theories. Interesting for sure but also completely wrong.
it is not wrong.
The big shift in American politics is one where both parties had slightly divergent interests but both were generally focused on bigger 'goods' for America over all, that helped build the country's middle class. Infrastructure, minimum wage, etc were 'both side' issues. Growth overall was good for everybody. The rich got richer with growth as did the MC and even the poor.
As however globalism had become the norm, and China and other nations proved to not only take the lowest paying jobs but also compete for the high end jobs and the very companies that create them, it has become tougher for many in the 'elites' or 'rich' to find the next levels of growth and profits. That made those 'Elites' turn inwards and for Wall Street to find a new target.
American MC homeownership had soared, on relatively thin equity that in aggregate was a huge bundle. Social Security, and Medicare are huge pots of collected wealth. So as Wall Street does, there is a focus on how to target and gut those pots of wealth and move them over to the Elite. The 20008/9 Mortgage crisis took a massive chunk of that MC wealth tied up in homes and pushed it up in to the elite. Step 1 done.
It will take a combination of legislation and Wall Street to figure out how to get to SS and Medicare but those are prizes they will never take their eyes off of and they just need to find the right vehicle they can push threw to get them, that they can tie in to culture wars to ensure the populace on the right supports them.
I think it is Rick Scott pushing the idea that all Gov't legislation should sunset every X years, and then if not voted back in, it ceases to exist. this idea of automatically canceling all legislation appeals to the culture warriors on the right who cannot see the folly and danger and will be enticed with programs directed at the poor or POC, that they do not like for culture war reasons.
In the end this all about an emergent American Oligarch class, that would gladly tip the US model more towards the Russian model of management than what the US was when it garnered all this wealth. An age of 'gutting' as opposed to 'building'.