Are the American people obsolete?
Have the American people outlived their usefulness to the rich minority in the United States? A number of trends suggest that the answer may be yes. In every industrial democracy since the end of World War II, there has been a social contract between the few and the many. In return for receiving a disproportionate amount of the gains from economic growth in a capitalist economy, the rich paid a disproportionate percentage of the taxes needed for public goods and a safety net for the majority. In North America and Europe, the economic elite agreed to this bargain because they…
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