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Showing posts with the label economic populism

Class Warfare as explained by the WSJ...

Allan Brinkley, provost and history professor at Columbia University, has an article in today's Wall Street Journal focused on the rise of economic populism he fears is about to sweep over the nation. Brinkley brings up Huey Long, the Depression-era governor of Louisiana as a case in point - whose call for a radical redistribution of wealth was viewed by some contemporaries as "heroic," and he warns of the dangers we face right now: "Whether or not we are now entering a new Great Depression, we are almost certainly entering a period in which resentment of financial and corporate titans will increase, and in which many politicians will feel they have no choice but to join the chorus of denunciation -- perhaps even a president with almost unprecedented approval ratings as he begins his term." I'm here to say ordinary people don't resent people for being rich. They resent rich people for their sense of entitlement. For the idea that they can work the ...