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Plutocracy examples
Plutocracy examples








plutocracy examples

From below, the middle classes find themselves exposed to a new resurgence of criminality, which has discovered in their plight a business opportunity. Gilman cites Thatcher’s quote, “There’s no such thing as society” as “the cri de coeur of insurgent plutocrats everywhere.” The resulting retreat of the state left middle-class lives dramatically more precarious, especially vulnerable to threats on two fronts:įrom above, middle classes find themselves threatened by a global financial elite, in league with ultra-wealthy compradors, both of whom seek to cut social services and the taxes that pay for them - taxes that these elites depict as a form of illegitimate expropriation. Politically, leadership came from figures like Margaret Thatcher and Ronald Reagan. Many states stopped even pretending they wanted to create a more egalitarian society and instead sought to legitimate themselves by claiming they were maximizing individual opportunity."

plutocracy examples

"It wasn’t just that the state 'retreated' from the ‘commanding heights’ of the economy, to use Daniel Yergin’s terms, but also that the very ambition of the state receded. Levels of economic inequality began to grow again, eventually reaching heights not seen since the 1920s," Gilman writes. "By 1980, the reaction against the social modernist state had set in. “Stagflation” in the West, central planning failure in the East and debt crisis in the global South were hallmarks of the different ways in which the model fell short. Perhaps one of the most helpful ways of framing that big picture can be found in "The Twin Insurgency," a 2014 article by Nils Gilman in The American Interest, with the subhead "The postmodern state is under siege from plutocrats and criminals who unknowingly compound each other’s insidiousness."Īs Gilman argues, during the post-World War II “social modernist era,” between 19, states around the world sought “to legitimate themselves by serving the interests of middle classes whose size they sought to expand.” Gilman doesn’t dwell on their relative successes - which were considerable in the industrialized West, at least - but concerns himself with what began happening as they fell short of their intended goals. As the Donald Trump campaign implodes into the black hole of his damaged psyche, it’s important not to lose sight of the bigger picture, because it’s not simply going to vanish along with Trump’s chances of winning the presidency.










Plutocracy examples