Dawn of the Age of Oligarchy: the alliance between government and the 1%. “…both political parties are to blame. Republican fealty to the interests of the investor class has been long-standing. But Obama and the Democrats are also increasingly backed in their ‘progressive’ causes by the very people – Wall Street traders, venture capitalists and tech executives – who benefit most from the federal bailouts, cheap money, low interest rates, and low capital gains tax rates.” And each party hates the oligarchs of the other – at least they pretend to – because they don’t want to point fingers at their own cronies. Hence, today’s politics is just a noisy kabuki dance meant to distract the rubes.
