Quotes of the Day: Pitchforks and Plutocrats


From Matt Steinglass, commenting on Chrystia Freeland’s “global elites”:

Back in mid-2009, Barack Obama told the assembled plutocrats of Wall Street that they ought to be more grateful to him; he was “the only thing standing between you and the pitchforks.” The plutocrats smiled, and departed by helicopter. To the extent any pitchforks have been seen, they were applied to the Democrats’ behinds last November. Perhaps, rather than attempting to stand between Wall Street and any hypothetical pitchforks, Mr Obama should have gotten out of the way.

And Ryan Avent on the same theme:

It’s striking how little inchoate public rage has actually boiled to the surface in the rich world….In America, the language of the angriest is very similar to that of the plutocrats themselves. Indeed, the complaint that today’s elite lack the noblesse oblige of the aristocrats of old, and are therefore risking public anger, seems to badly misread American public opinion. The middle class doesn’t want hand-outs from condescending rich people. They want moralistic language and complaints about deficits.

Amazing, isn’t it? After nearly destroying the world, the plutocrats just dipped into their petty cash accounts, funded a tea party movement dedicated to promoting their interests, and won the next election. Problem solved! Now, where should we have dinner tonight? Paris or Rome?

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