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News Link • Economy - Economics USA

Thoughts on a Surreal Depression

• Pajamas Media
History’s revolutions and upheavals — whether the Nika rioting in Constantinople, the periodic uprising of the turba in Rome, the French upheavals, or the Bolshevik Revolution — are rarely fueled by the starving and despised, but by the subsidized and frustrated, who either see their umbilical cord threatened, or their comfort and subsidies static rather than expansive — or their own condition surpassed by that of an envied kulak class. Perceived relative inequality rather than absolute poverty is the engine of revolution. These are strange and dangerous times. An insolvent federal government, an exporting China and India, and an almost complete indifference to federal immigration, tax, and regulatory laws have all combined to create a well-entitled but increasingly angry population, one “empowered” and made more, not less, bitter by the last two years of governance in Washington.

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