"America has long had a ruling class but the public was willing to tolerate it during the three decades after World War II, when prosperity was widely shared and when the Soviet Union posed a palpable threat. Then, the ruling class seemed benevolent and wise"
"Yet in the
last three decades – when almost all the nation’s economic gains have
gone to the top while the wages of most people have gone nowhere – the
ruling class has seemed to pad its own pockets at the expense of the
rest of America."