General Discussion
In reply to the discussion: The imminent backlash of the Democratic Left. [View all]TBF
(35,632 posts)what a pickle we're in when the banks were declared "too big to fail".
I don't blame Obama - he is a figurehead who took over a fiasco from a president (GWB) who will likely go down as one of the worst - if not the worst - in history.
We are now sitting in a new country that has turned into a playground for the oligarchs. One family, one single family, controls over 40% of the wealth. With advances in technology the few people who own everything have no ties to living here. They can be located in a skyscraper in Dubai, London or Tokyo just as easily as NYC.
If you look at capital in a wholistic fashion you can see (especially when you look at NAFTA and TPP) that we are turning into one world with capital leading the charge. This wouldn't have to be a bad thing, theoretically, because tearing down borders and letting people roam really isn't that horrible of an idea. The bad part comes when you realize that all the capital, however, is concentrated in the hands of just a few. Moreover, the few that hold the capital have pretty much destroyed our environment so while they are looking for new planets the rest of us are living with decreasing resources in every conceivable way.
I'm sorry, I know that isn't a very positive painting, but that's where we're at.
And the democratic party? Well-intended at best, better than the alternative, but we've got a lot of work to do that goes way beyond voting.