Kenneth L. Wrote:
Feb 14, 2013 12:14 PM
More important, I think you misread Hansen's article. Plutocrats have never been numerous enough to support an indolent middle class. The problem Greece illustrates, and the problem we are approaching very quickly, is that we will collapse into hunger and violence as our own productivity declines to the point we can't support ourselves because we have cultivated such a large underclass of folks who expect everything to be provided for them. If you know anybody under the age of 30 you know what I mean.