Thursday, January 12, 2017

Elizabeth Warren, The Greatest Generation And Cowboy Capitalism's Betrayal Of That Generation

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My friend Tarantino posted the above quotation on his Facebook page.

Here is how I "fill in the blanks" of the long, degrading process Elizabeth Warren outlines...

When "The Greatest Generation" came back from World War II, they assumed -- as did everyone -- that labor and capital were collaborating in building a "new world" and that the fruits of their joint productivity would be shared more or less equitably.

Then, as automation, robotization and software enhancement eliminated need for much of the manower that formerly ran "the wheels of production," Cowboy Capitalists (a ruthless pack of jackals insightfully revealed in Martin Scorsese's "The Wolf Of Wall Street") decided to sequester an ever larger slice of the pie for themselves.

"Automation, Robotization, Software-Enhanced Productivity And Permanent Job Loss"

Simultaneously, "the wolves of Wall Street" shredded The Social Contract and hurled now-unneeded workers into the bloody maw of Social Darwinism.

Remarkably, the workers who were dispossesed by grab-it-all capitalists began to ally with the very plutocrats who were systematically depriving them of their livelihoods.

The first meme on the following webpage encapsulates this bizarre situation as well as I can.

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