Elite reveal anxiety over ‘class war’ and ‘revolution’

https://www.ft.com/content/0f9cf638-6c28-11e9-80c7-60ee53e6681d

by chewz • 7 years ago

20 18 7 years ago

chewz3• 7 years ago

“Throughout centuries what we’ve seen when the masses think the elites have too much, one of two things happens: legislation to redistribute the wealth . . . or revolution to distribute property. Those are the two choices historically and debating it back and forth, saying ‘no, it’s capitalism; no, it’s socialism’ is what creates revolution.”

renox• 7 years ago

I couldn't access the article but the quote you give is weird: in the ages of kings, the masses thought that the elites have too much for centuries before the revolution happened.

chewz3• 7 years ago

It is a quote from Guggenheim Partners’ Alan Schwartz.

The so called peasant revolts were quite regular occurrence in Europe.

But it isn't the first article in FT about the wealthy realizing that revolution is coming for them.

https://www.truthdig.com/articles/cartier-boss-says-thought-...

kybernetikos2• 7 years ago

It's striking that the rather obvious solution of the elites self-regulating a little as a way to avoid the dramatic problems they worry about doesn't seem to have been discussed.

SigmundA• 7 years ago

Probably because self regulation doesn't work and never has, if it did there would be no need for laws or government we would all just self regulate and get along and help each other without a central authority with a monopoly on violence.

Another way to look at it, laws and democratic government are a form of self regulation similar to buying an alarm clock rather than just waking up on time through self control. Granted you may not have a choice in which alarm clock to buy or when the alarm is set because it is agreed upon over time through mass consensus.

HNKingpin• 7 years ago

Can you repost the article somewhere else? I can't access it.

chewz3• 7 years ago

Try http://facebook.com/l.php?u=https%3A%2F%2Fwww.ft.com%2Fconte...

or in the original url change www. to amp. and scroll down

Viva la revolucion! ;-)

brainfeed03• 7 years ago

No workey

pmx• 7 years ago

This worked for me :)

dredmorbius• 7 years ago

http://archive.is/9TVCZ

brainfeed03• 7 years ago

Workey! TY kind individual.

brainfeed03• 7 years ago

The younger generation that support socialism are “people who don’t know history”, he said.

Gee, I wonder if he remembers Oklahoma was a bastion of American socialism until the red scare (and Trump's mentor, the insane, "sue everyone" fascist Roy Cohn) excommunicated and banished anyone who wasn't for the nouveau "libertarianism" anarcho-capitalism (socialism/regulatory capture for the rich, austerity/neglect for everyone else).

whenchamenia• 7 years ago

Your comment is pure political flamebait.

pizzazzaro2• 7 years ago

Distilled from history, no less. It's perfect, isnt it?

Elite reveal anxiety over ‘class war’ and ‘revolution’

Related Stories