tag:blogger.com,1999:blog-14857092.post7747256120122076320..comments2024-03-16T02:16:54.082-07:00Comments on Vagabond Scholar: Attack of the PlutocratsBatocchiohttp://www.blogger.com/profile/02193752396025012825noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-14857092.post-86218584948419672012010-12-20T10:35:57.246-08:002010-12-20T10:35:57.246-08:00"From the New Deal up to the Reagan administr..."From the New Deal up to the Reagan administration" things were fairly good. However the cause of the degrading economy comes from Nixon. The gulf widened after Nixon ended bretton woods (google it)which limited inflation rate each year. Nixon needed money for his war and fire bombing villages, and didn't want to raise taxes as it was too visible (sounding like Bush?)<br /><br />Mom in Omahahttps://www.blogger.com/profile/01391339620848691761noreply@blogger.comtag:blogger.com,1999:blog-14857092.post-50530476538665514792010-12-20T10:33:11.737-08:002010-12-20T10:33:11.737-08:00"From the New Deal up to the Reagan administr..."From the New Deal up to the Reagan administration" things were okay. However the cause of the degrading economy comes from Nixon. The gulf widened after Nixon ended bretton woods (google it)which limited inflation rate each year. Nixon needed money for his war and fire bombing villages, and didn't want to raise taxes as it was too visible (sounding like Bush?)<br /><br />The Mom in Omahahttps://www.blogger.com/profile/01391339620848691761noreply@blogger.comtag:blogger.com,1999:blog-14857092.post-85289074417011289612010-08-09T14:42:22.501-07:002010-08-09T14:42:22.501-07:00Graham, thanks for the permission prod - sloppy on...Graham, thanks for the permission prod - sloppy on my part. It's done, I've updated the post accordingly, and as you said, Prof. Domhoff was very gracious.Batocchiohttps://www.blogger.com/profile/02193752396025012825noreply@blogger.comtag:blogger.com,1999:blog-14857092.post-47471713713596231282010-07-25T14:00:23.749-07:002010-07-25T14:00:23.749-07:00Graham, thanks for a detailed, thoughtful comment ...Graham, thanks for a detailed, thoughtful comment here and over at Hullabaloo!Batocchiohttps://www.blogger.com/profile/02193752396025012825noreply@blogger.comtag:blogger.com,1999:blog-14857092.post-40361252315694490132010-07-22T17:58:05.540-07:002010-07-22T17:58:05.540-07:00Bit late to this one, picked up the link from your...Bit late to this one, picked up the link from your guest post at Digby's.<br /><br />This is a very nice summary of a comlex issue, and I'm pleased to see it. There is no reason to just accept things as they are, as though there was a natural right for there to be such a huge discrepancy between the economic classes.<br /><br />I agree that the current swing towards massively Graham Firchlishttps://www.blogger.com/profile/17836327586888512157noreply@blogger.comtag:blogger.com,1999:blog-14857092.post-6171593517205177952010-07-19T21:18:45.047-07:002010-07-19T21:18:45.047-07:00Yeah, I was debating that one. America has always ...Yeah, I was debating that one. America has always had a ruling class, but it's been held in check at times. I think the major turning point was Reagan, and the plutocrats have been gaining more power ever since. You're putting it a bit earlier, to Nixon's first term, I guess? There's no doubt that he was a bastard, and part of the problem, but it was Reagan who really slashed Batocchiohttps://www.blogger.com/profile/02193752396025012825noreply@blogger.comtag:blogger.com,1999:blog-14857092.post-46028874953232538342010-07-19T20:37:32.230-07:002010-07-19T20:37:32.230-07:00Batocchio - This is your best post ever. Thanks.
...Batocchio - This is your best post ever. Thanks.<br /><br />My one quarrel is where you say, "America is increasingly becoming a plutocracy." America has BEEN a plutocracy for many decades, since well before Reagan, certainly by the time Nixon killed the Great Society. But the plutocracy has become so overwhelming since Reagan, for so long, that we've forgotten what democracy Anonymousnoreply@blogger.com