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The Big Picture: A 40-Year Scan of the Right-Wing Corporate Takeover of America
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At this moment, there are growing protests on Wall Street in Manhattan, in Boston at the Bank of America, and in cities around the country. These embryonic and creative efforts are targeting the greed of the banks, the collusion of the corporate class with their corrupt elected officials, the high level of unemployment, the huge burden of student loans in a time of diminished opportunities, the increasing numbers of poor and hungry people, and much more. These protests, along with those earlier in Wisconsin, Michigan and Ohio, are signs of revival of a long tradition of popular revolt against excesses of wealth and the corporate class.
Don Hazen: Why have conservatives succeeded so dramatically in this period, and liberals and progressives are arguably the weakest in decades?
Colin Greer: There is no single causal factor. The shaping of these two divergent paths begins in the 1980s when you had the last flourish of an expansive society. But the last three years of the '70s were characterized by stagflation and disappointment and took a great toll, forfeiting a real sense that the constant growth of openness in American society and economy was endlessly sustainable. Fast-forward to the present and we have the twin dominance of austerity, i.e. eviscerating public spending as the solution to economic crises; and aristocracy, represented by the protected tax and profit oasis of the wealthiest 1 percent.
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