What's happened, no, since the ideology of deregulation at the financial markets and lightening the fiscal burden of the wealthiest class, which was supposed to make the crumbs more copious that fell from the table of the rich upon the groping hands of the poor (or raise the water table, such that even the little boats buoy at a higher level): has been, to the contrary, the creation of an ever restricted group of mega-wealthy, who not only hold claim to a quantity of capital today that's as sensational as it is unedited, but that is proportionally much, much higher to the total national revenue than ever before.
I don't have the statistic handy, but the total amount of wealth concentrated in the hands of a few in this elite club with respect to the figure that the rest of society generates, is a far greater percentage today than this relationship was 40 years ago. What this means is that in America after 30 years of catering to the rich, the imbalance and inequality between the few highest earners at the top relative to that which the remainder of society finds in its paychecks, has reached a level of excess that goes beyond any sense of decency or justice.
Thus a theory and ideology that was supposed to have made us all a bit better off, has instead, and quite naturally, proven to be a pure and false illusion that was predictable from the start. Predictable because the real scheme behind the facade was ever to favor the accumulation of wealth for wealth's sake alone, because this is what a certain American values above all else: namely, to find a sense of accomplishment in seeing how many among its business class can make it to the Forbes 500 list. To then package it off, finally, in that fantasy of the so called American dream, which says that anyone can enter into membership with this club, so long as he has the hard working attitude and fortune to arrive, because the state won't certainly hinder anyone's liberty to pursue getting rich, which is the greatest freedom of all.
The problem, however, was that all along what the people weren't told was that there is a limit to how many of them can have access to such wealth, and thus such liberty, which only increases the more that club is able to horde the profits and consequently further restrict its membership. While it has never found wanting the necessary pressure to bear on government and hence to keep the politicians attached to the puppet strings they work and master.
What appears to be called for today is a new legislation that breaks the stranglehold this group has gotten over society and to begin to favor a small business class in the majority that permits more steady, moderate economic growth that's more democratic and really will make the masses a bit better off, rather than the one that yields to a type of brutal capitalism that merely produces gargantuan earnings to benefit an alpha class in the plutocracy. And above all to end the irresponsible and hazardous wagering at an unprincipled Wall Street, which has not only caused everyone else to become rather fiscally more encumbered by the state, but poorer as well, for now and a couple of generations to come.
But then we get back to the lobbies and campaign financing and this leaves us little hope for a future in which a more sane distribution of profit will ever be realized.
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