Cross-posted from NewDeal2.0
In a recent column in the NYTimes, Charles Blow sounds like he has taken a page from FDR’s famous “economic royalist” speech. Talking about what he calls “the right’s flimsy fiscal argument,” Blow claims that:
"It all loses traction as more Americans begin to see the far right for what it truly is: a gang of bandits willing to sacrifice the poor and working classes to further extend the American aristocracy — shadowy figures who creep through the night, shaking every sock for every nickel and scraping their silver spoons across the bottom of every pot".
At another low point in American economic history, during the 1936 Democratic National Convention, FDR decried the domination of a small economic elite:
"For out of this modern civilization economic royalists carved new dynasties. New kingdoms were built upon concentration of control over material things. Through new uses of corporations, banks and securities, new machinery of industry and agriculture, of labor and capital — all undreamed of by the fathers — the whole structure of modern life was impressed into this royal service…"
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