Barry's Economics: How power really wins (and what we can do about it).

[bucolic_frolic]

1. The pattern of capital accumulation is repetitive

The rich become so greedy that they want it all, then the political and economic structure must be toppled. It's happened many times in the last 500 years. We tend to label them Nazis, but they were just the latest incarnation that we had to deal with, and they were an exploitative system of plunder for the rich. But so were the Tsars, the various Royal Houses of Europe that were overthrown in the 1800s in many countries, and so was Napoleon I, and King Louis XVI, and the wars of English succession. Power and money. Yes, taxing the wealthy solves it, but try getting it going and permanent. We have failed, the great USA has failed.