You know things are getting bad when one of the 0.01 Percent sounds a warning call to his fellow plutocrats:
Here's what I say to you: You're living in a dream world. What everyone wants to believe is that when things reach a tipping point and go from being merely crappy for the masses to dangerous and socially destabilizing, that we're somehow going to know about that shift ahead of time. Any student of history knows that's not the way it happens. Revolutions, like bankruptcies, come gradually, and then suddenly. One day, somebody sets himself on fire, then thousands of people are in the streets, and before you know it, the country is burning. And then there's no time for us to get to the airport and jump on our Gulfstream Vs and fly to New Zealand. That's the way it always happens. If inequality keeps rising as it has been, eventually it will happen. We will not be able to predict when, and it will be terrible—for everybody. But especially for us.
Read the entire article here.
I was actually looking forward to seeing the gutters of Wall Street (or the wee gated bankster suburbs) running bright red with the blood of the plutocrats that foisted this ill-gotten wet dream upon the world. The sad reality is that Lear Jets and Gulfstreams fly much faster than the horse and buggies that carried the villains away in days gone by, and the treacherous little wankers will most likely abscond to their fortified island retreats where their private SWAT teams will fight off the hoards with high tech weaponry. Ah yes, you've just got to love unbridled capitalism. But just in case I've started a collection of pitchforks, pikes, torches and guillotines should the opportunity present itself.
Most revolutions look planned and inevitable with historical hindsight, but they are not so while they happen.
I've been thinking this for years, I've actually been called a conspiracy theorist. History will always repeat itself.
Seems to me that this article could actually mark that we've reached the tipping point.