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Donald Trump and the politics of resentment


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2016 Mar 14, 8:26pm   1,566 views  3 comments

by uomo_senza_nome_0   ➕follow (0)   💰tip   ignore  

http://thearchdruidreport.blogspot.com/2016/01/donald-trump-and-politics-of-resentment.html

Broadly speaking—there are exceptions, which I’ll get to in a moment—it’s from one of four sources: returns on investment, a monthly salary, an hourly wage, or a government welfare check. People who get most of their income from one of those four things have a great many interests in common, so much so that it’s meaningful to speak of the American people as divided into an investment class, a salary class, a wage class, and a welfare class.

...
Just as the four classes can be identified by way of a very simple question, the political dynamite that’s driving the blowback mentioned earlier can be seen by way of another simple question: over the last half century or so, how have the four classes fared?

The answer, of course, is that three of the four have remained roughly where they were. The investment class has actually had a bit of a rough time, as many of the investment vehicles that used to provide it with stable incomes—certificates of deposit, government bonds, and so on—have seen interest rates drop through the floor. Still, alternative investments and frantic government manipulations of stock market prices have allowed most people in the investment class to keep up their accustomed lifestyles.

The salary class, similarly, has maintained its familiar privileges and perks through a half century of convulsive change. Outside of a few coastal urban areas currently in the grip of speculative bubbles, people whose income comes mostly from salaries can generally afford to own their homes, buy new cars every few years, leave town for annual vacations, and so on. On the other end of the spectrum, the welfare class has continued to scrape by pretty much as before, dealing with the same bleak realities of grinding poverty, intrusive government bureacracy, and a galaxy of direct and indirect barriers to full participation in the national life, as their equivalents did back in 1966.

And the wage class? Over the last half century, the wage class has been destroyed.

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The next point that needs to be discussed here—and it’s the one at which a very large number of my readers are going to balk—is who benefited from the destruction of the American wage class. It’s long been fashionable in what passes for American conservatism to insist that everyone benefits from the changes just outlined, or to claim that if anybody doesn’t, it’s their own fault. It’s been equally popular in what passes for American liberalism to insist that the only people who benefit from those changes are the villainous uber-capitalists who belong to the 1%. Both these are evasions, because the destruction of the wage class has disproportionately benefited one of the four classes I sketched out above: the salary class.

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1   Tenpoundbass   2016 Mar 14, 8:33pm  

There's no politics with Trump he's just a guy who can afford his own bullhorn.

Stop it Stop it STOP IT!

If Politicians could do it, they would be doing it. Trump sounds like somebody we know, there's America in his words just dying to get out.
Try speaking American if anyone wants to downsert Donald Trump.

2   uomo_senza_nome_0   2016 Mar 15, 4:13am  

Tenpoundbass says

Try speaking American if anyone wants to downsert Donald Trump.

Sorry this is just rambling without reading the content of the link.
The post is written by an American who is thinking through the underlying dynamics of Trump, though he is the poster boy.

3   uomo_senza_nome_0   2016 Mar 15, 4:15am  

Ironman says

What they don't get is, if you want to make more money, you need to be a bigger asset to the company and show the company you're worthy of that increase. Unfortunately, today's workforce wants the pay but doesn't want to put in the effort....

LOL, this argument is thrashed in the post itself -- where people in the wage class have been trapped through debt by the salary class, and can never escape this debt cycle despite "jobs training". Unfortunately, you are way too trigger happy to respond - as opposed to completely reading the content.

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