Wall Street Brings Class War to America?

From Huffington Post: http://www.huffingtonpost.com/les-leopold/wall-street-brings-class_b_746489.html?utm_source=DailyBrief&utm_campaign=100110&utm_medium=email&utm_content=BlogEntry

Les Leopold

Author, “The Looting of America”

Posted: October 1, 2010 07:55 AM

As thousands of demonstrators marched in European capitals on Wednesday to protest recent austerity measures, officials in Brussels proposed stiffening sanctions for governments that fail to cut their budget deficits and debt swiftly enough. (“Workers In Europe Protest Austerity Measures”, New York Times, 9/30/2010)

Oh, do the super-rich hate the sound of “class struggle.” Dare to utter the words and they’ll reach for their red-baiting paint guns and spray you silly with invective. It’s un-American. It’s socialistic. It’s an insult to democracy and freedom.

But try as they might, they can’t paint over the reality, which the new Fortune 400 listings make so clear: Wall Street billionaires have more money than they’ll ever be able to use–at a time when more than 29 million of us don’t have that most basic necessity, a full-time job. A hidden class war got us to this point. It’s not hidden anymore.

Once upon a time there was a tangible connection between the plutocrats and the rest of us. Carnegie, Mellon and Rockefeller built sprawling enterprises that employed tens of thousands of workers (even if they did treat them brutally). But today’s billionaire financiers, about 100 of whom are on the Fortune 400 list, have a tough time explaining how their money-making schemes produce any jobs at all. Very few of us have a clue about how they even make their money.

Continue reading at:  http://www.huffingtonpost.com/les-leopold/wall-street-brings-class_b_746489.html?utm_source=DailyBrief&utm_campaign=100110&utm_medium=email&utm_content=BlogEntry

Class war… Not just for the rich any more…

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