UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next
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 72188  
Subject: OT: Why Populism no longer Popular Date: 11/30/2010 9:33 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 4

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.

Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next


Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.