Forum Post: One idea: Reform
Posted 13 years ago on Oct. 24, 2011, 2:19 a.m. EST by TheMostITP
(0)
from Atlanta, GA
This content is user submitted and not an official statement
"In the first decades of the 20th century there was a huge gap in wealth between people at the top and people at the bottom, the working class. Our cities were festering. The rich were capturing more and more power and wealth, but what did we do as a society? We didn't have a revolution. We didn't turn to socialism or communism or fascism. We reformed ourselves. The progressive era was an era of reform. We adopted a progressive graduated income tax. We regulated corporations. We busted up the big trusts, the big monopolies. We made jobs safer. We provided, eventually, in the 1930s unemployment insurance, and also, old age insurance called "Social Security." We, in other words, did not embrace socialism, we embraced reform." - Robert Reich, U.S. Secretary of Labor '92-'96
Hmmm..... Yep -- after the wild joy ride called Plutonomy, "we" (the perps) started reforming (after milking the economy nearly dry). Go to a website that has charts showing the stock market's history from 1894 to 1933. The chart for the first 20th century bubble economy (plutonomy) is nearly identical to the chart for 1947 to 2001.
The only major difference was that the bubble of the 1920s was tracked by the Dow & NY stock exchange. The modern Plutonomy Game blew up the Nasdaq and S&P 500, then real estate.
Since 2005 its been a shell game played with stocks, derivatives, and bailouts, etc. (inflating Fed bucks & cooked books). Now, the cunning NeoLib perps of the Clinton regime who helped design the prelude to the Big Bank bubble of our day want to keep pretending they resemble the saviors of the Great Depression Bust cycle (when the poor got poorer, the rich got fewer and richer faster).
It would be wonderful to find out what investments were favored by the fanatics who pushed for prohibition (first of alcohol) during the volatile twenties & thirties (then of marijuana, etc.) as the mob's fortune in bribe money temporarily took a hit when alcohol was legallized.