Fear of regime change in NYC

Bob Morris on Aug 27, 2010, 5:30 am

Yves Smith of Naked Capitalism reports her well-connected, wealthy friends are getting twitchy about what they see coming. She doesn’t necessarily agree that major upheaval is coming but found it instructive that some NYC elites are now speaking in these terms.

The conversation turned to whether the US was going towards revolution or fascism. [...]

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“A capitalist will sell you rope on Monday for a revolution on Tuesday in which he gets hung on Wednesday.”

Bob Morris on Oct 22, 2009, 9:48 pm

John Robb on the Citibank Plutonomy memo referenced in Capitalism: A Love Story

Citibank report. In short, the idea is that globalization will continue to accelerate income concentration at the expense of the bottom 90% of the population in developed countries (winner take all, ala Taleb). The good side (as they see it), is that [...]

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