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View Diary: Austerity isn't dead... but it should be (132 comments)

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  •  You give the parasite class too much credit. (2+ / 0-)
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    JerryNA, RandomNonviolence

    First of all, they fiercely  opposed the New Deal, with some exceptions who were capable of taking a longer view. The primary driver of acceptance was fear -- mainly of a Communist revolution. The threat of such an outcome was openly discussed in major media. The Capital and other cities were filled with "Hoovervilles" waiting to explode.. Crowds cheered when bankers jumped out of high windows.

    The New Deal was sold to the plutocracy as the last-ditch play to save capitalism. Unions, leftist movements, and just plain hatred of the plutocracy and its government allowed FDR to get his way on many points, though the New Deal remained riddled with unfortunate concessions to the plutocrats. The difference between then and now are that there is no significant Left in this country, and the plutocrats then had nowhere near the leverage that the current ones have.

    If there were such a thing as "a better class of plutocrats", there would be no plutocrats.

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