Thursday, December 31st, 2015
Stephan: Here is an excellent assessment of the growing Neo-Feudalism Trend, and how it is being put in place. The 2016 Presidential election is either going to dismantle this, or lock it into place. One of the main reasons I support Bernie Sanders over Hillary Clinton is that now that she and her husband are worth over $100 million it is very unclear to me where she honestly stands on this. Only Sanders will try to unravel it, and if the Congress remains Republican I am not sure even he can do it.You will note most of these billionaires and their minions work through the Republican Party.
The truth is that except for a small middle class, and a minor gentry -- mostly attorneys and tax planners -- who will administer the system for their masters, who have better things to do, or those provide professional services, most people in the future will be peasants. Not agricultural peasants as in the past, but still essentially peasants. Think carefully as to how you vote. Your children and grandchildren will live with the consequences.
Daniel S. Loeb, shown with his wife, Margaret, runs the $17 billion Third Point hedge fund. Mr. Loeb, who has owned a home in East Hampton, has contributed to Jeb Bush’s super PAC and given $1 million to the American Unity Super PAC, which supports gay rights.
Credit Left: Patrick McMullan Company; Right: Doug Kuntz
WASHINGTON — The hedge fund magnates Daniel S. Loeb, Louis Moore Bacon and Steven A. Cohen have much in common. They have managed billions of dollars in capital, earning vast fortunes. They have invested large sums in art — and millions more in political candidates.
Moreover, each has exploited […]
