4 Matching Annotations
  1. Jun 2021
    1. Some argue that the American elite is functionally an old-fashioned aristocracy that owes its income to nepotism and opportunism. Others argue that the elite is functionally an oligarchy that owes its rising income to a shift away from labor and toward capital. According to this view, elites don’t even need nepotism — they are using preexisting wealth and inheritance to rebuild an old-fashioned feudal class.

      So much here to unpack...

  2. Feb 2021
    1. So which seems likelier: that we're no better off than we were a quarter century ago, or that Shadow Stats is total bunk?

      Great Question

      This is an easy question to answer from my perspective. For me (age 62) and most of my peers, their kids and their peers, we are NO better off than we were a quarter century ago! A large part is the change from Industrial/Manufacturing to Technology and the outsourced labor and manufacturing. America has changed, this is FACT

  3. Jan 2021
  4. Aug 2020