A New Spin from the Inequality Denialist Set

from Too Much: A Commentary on Excess and Inequality:


A New Spin from the Inequality Denialist Set
JUNE 15, 2014

A key keeper of the free-market fundamentalist flame wants us to know that all his rich and powerful red-state pals really do care about income maldistribution.

By Sam Pizzigati


The go-to intellectual guardians of our corporate order — those conservative analysts whose op-eds appear regularly in the Wall Street Journal — have a problem. Their defense of plutocracy just isn’t selling.

Two events this spring have now put this failure in particularly stark relief.

First came the cultural phenomenon of Thomas Piketty: An obscure French economist jumps to the top of the bestseller lists with a book that makes a compelling case for no longer tolerating, anywhere on earth, grand concentrations of private wealth.

Then last week came a political shocker, the stunning Republican primary election collapse of Wall Street waterboy Eric Cantor, the House majority leader. His opponent Dave Brat, an obscure Tea Party professor who fancies Ayn Rand, presented himself to voters as a fighter against “the rich and powerful.” ..................(more)

The complete piece is at: http://toomuchonline.org/deep-in-the-heart-of-texas-equality/#sthash.RoR3QrpM.dpuf