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Politics : Mainstream Politics and Economics
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To: Joe Btfsplk who wrote (50316)8/7/2013 12:57:45 AM
From: i-node  Read Replies (1) of 85487
 
>> TR's attack on concentrations of wealth simply because it existed was a serious flaw that left rotten consequences.

It wasn't as much an attack on wealth as it was on abuses of monopoly power created by wealth. He was focused on trusts that he believed were abusive; those that weren't, he wasn't concerned with.

What we're seeing today is attacks on wealth as though it is somehow ill-gotten, even though a great number of wealthy people got it through above-board commerce.

This, to me, seems like a really fundamental difference, in that the vilification of wealth constitutes a kind of demagoguery, whereas vilification of abuse of monopoly power seems to me a legitimate function of government. IMO, at least.
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