My column yesterday attempted to examine the importance of the Bain Capital Mitt Romney story.
Taking a look at the Mitt Romney Bain Capital fiasco from the air, it’s really illustrating a major flaw in both the American mindset — not to mention our corporatocracy.
In the relationship between the corporate world, the financial sector and the rest of us, there’s absolutely no contest as to which of these groups will always be screwed. Throughout the last 100 years in America, the rest of us have been crushed under the mighty heft of the “one percent” as we wait for either the wealth to trickle down to us or as we claw our way up the socioeconomic ladder, often deluding ourselves into believing that with enough tenacity we’ll become one of the glorious few who can then about-face and crush the rest of us under our newly attained mighty heft.
But as the middle class shrinks, the pathway to our own opportunity to sit atop a bazillion dollars becomes increasingly obstructed. Due to the pervasive influence of Reaganomics — de-regulation, tax cuts for the wealthy and a 30 year nuclear Armageddon against social programs — the middle class is shrinking, the poor and working classes are growing and the wealthiest one/two percent has become walled off in its exclusive gated community while playing blue-booded grabass with its near immortality. Continue reading here…