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Author: XMFBreakerTinker Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75305  
Subject: OT: Why Populism no longer Popular Date: 11/30/2010 9:33 AM
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Interesting article as to why economic populism is no longer popular. In the end, the gist is that we are not a banana republic of just rich and destitute poor, instead our issue is not that the poor don't have resources, it is instead the old story of the Jones's. We measure our happiness against what others have, and not against what we have.

It also happens to be that the "poor" also recognize that those jets being purchased by the rich, and used by the rich, create their jobs (e.g., not just the manufacturing and sale of the jets, but the upkeep and use of the jet as well).

Elite Liberals cannot get over that x has more than y, and don't really seem to get that x may have more than y, but y has quite a lot in the United States.

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