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Democratic capitalism – marriage on the rocks

Start the Week

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The Right Class Is Winning

In the last 50 years, there has been a $50 trillion transfer of wealth that went from the bottom 90% to the top 1%. In America today, real inflation accounted for wages have been more or less stagnant. The billionaire class has become phenomenally richer. When you have a handful of people controlling the economy and controlling or significantly controlling the political process, I would call that an oligarchy. It is certainly a flawed democracy which money buys enormous power.

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