An old school Democrat wonders about the fall of the oligarchs of - TopicsExpress

An old school Democrat wonders about the fall of the oligarchs of the 1960s (ie oil, defense) and the rise of the tech / entertainment oligarchs. At least the old oligarchs needed the middle class. The new oligarchs are fighting the old. He suggests the new oligarchs have little need for the middle class. You dont have to be rich to buy a mobile phone or see a movie. This explains their support for taxes and policies destructive to them.

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