Sobering Up: Why the 1% Is Fussing About Guillotines ...

[Ichingcarpenter]

11. I'm reminded what Wolff warned and the elites know it

Wolff warns that we cannot band-aid capitalism. However laudable and even attainable may be suggestions from economists like Piketty or Dean Baker, to name just two, piecemeal policies designed to stop the system from funneling wealth upwards will not work for long.


'The elites are fully focused on preserving and expanding their fortunes, and the structure of the contemporary economy puts in the hands of a very few people in large corporate enterprises “both the incentive and the resources to roll back whatever adjustments a movement from below is able to make.”