Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

A major Democratic donor went on MSNBC to demand that his party stop attacking billionaires and millionaires.

Politics

Rich Democrat Angry at Attacks on Billionaires

“We should be a party of business and leadership,” Cloobeck said of Democrats. Cloobeck is the worst kind of centrist; he thinks the only good Democrat is “Republican Lite.” His party is one that President Grover Cleveland (D-New York) would be very comfortable in, but Harry S. Truman (D-Missouri) would hate.

Such class warfare might tear the Democratic Party apart much as it has already devastated the Republicans. It remains to be seen if the two-party system can survive income inequality in America. Can a country with one party for the rich; and another for everybody else, have an effective democracy or a status quo of permanent class warfare?

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