Rise of the Wall Street Ruling Class – Socialism for the Rich

by THOMAS VOLSCHO at CounterPunch.org

Mr. Volscho gives a brief overview of the policies of the last century that have pushed us further and further along toward a society that funnels money from the vassals and serfs working in fast food joints upward into the trusts of the monied.

The last paragraph of the article sums it up nicely:

The last thirty years of the class war waged by the Wall Street Ruling Class and the Federal Reserve Bank has been about reducing wages and goods inflation while sustaining financial asset inflation to increase the enrichment of the bond and stock holders. Net interest payments on Treasury securities are welfare payments to the Wall Street Ruling Class. One of the propaganda functions of the highly concentrated (by ownership) mass media is to keep the masses confused about this great source of power. From the perspective of the elite, it is better to inflame and encourage hatred for Mexican immigrants, welfare recipients, and Muslims. But Mexican immigrants and Muslims, generally speaking do not run the country. Instead, the simple answer is: follow the money. By following the money you will be led to a street with a river at one end and a graveyard at the other. In fact, it is for whom the firms located on this street received the largest welfare check ever written. As the chorus of Ron Paul supporters, Tea Party activists and white supremacists continues rising and violence escalates, the question arises: Is there socialism in the United States? The answer is a resounding Yes! Socialism for the rich.

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About greengoddesslove

Gosh, I dunno. I'm a human adult who is interested in just about everything. Life is interesting. Everything else is gravy.
This entry was posted in Billionaire, Commentary, Economy, Policy, Politics, Socio-Econmic Class, Wealth. Bookmark the permalink.

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