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Survival of the Richest: How the Corruption of the Marketplace and the Disparity of Wealth Created the Greatest Conspiracy of All PDF

229 Pages·2017·2.7 MB·English
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Preview Survival of the Richest: How the Corruption of the Marketplace and the Disparity of Wealth Created the Greatest Conspiracy of All

Copyright © 2017 by Donald Jeffries Foreword © 2017 by Richard Syrett All rights reserved. No part of this book may be reproduced in any manner without the express written consent of the publisher, except in the case of brief excerpts in critical reviews or articles. All inquiries should be addressed to Skyhorse Publishing, 307 West 36th Street, 11th Floor, New York, NY 10018. Skyhorse Publishing books may be purchased in bulk at special discounts for sales promotion, corporate gifts, fund-raising, or educational purposes. Special editions can also be created to specifications. For details, contact the Special Sales Department, Skyhorse Publishing, 307 West 36th Street, 11th Floor, New York, NY 10018 or [email protected]. Skyhorse® and Skyhorse Publishing® are registered trademarks of Skyhorse Publishing, Inc.®, a Delaware corporation. Visit our website at www.skyhorsepublishing.com. 10 9 8 7 6 5 4 3 2 1 Library of Congress Cataloging-in-Publication Data is available on file. Cover design by Rain Saukas Cover photo credit: iStock Print ISBN: 978-1-5107-2065-7 Ebook ISBN: 978-1-51072066-4 Printed in the United States of America This book is dedicated to the millions of anonymous souls such as my parents, grandparents, and great- grandparents, who have been forced to live with constant financial uncertainty, because of a system that is stacked against them. C ONTENTS Foreword Introduction Chapter 1 Are They Worth It? Chapter 2 Deindustrialization and Free Trade Chapter 3 Part-Time Jobs Chapter 4 Special Perks of the Wealthy Chapter 5 Hating the Poor Chapter 6 Huey Long Chapter 7 Does Anyone Even Care? Chapter 8 How Failure Keeps Succeeding Chapter 9 The Third-World Standard Chapter 10 Natural Talent Chapter 11 The Good Old Days Chapter 12 Why What Pays What Chapter 13 Profits Before Progress Chapter 14 Keeping the Masses Down Chapter 15 The Best and the Brightest Chapter 16 No Admissions, No Gratitude Chapter 17 The Future of Wealth Distribution Notes Bibliography Acknowledgments Index F OREWORD THE RECENT US PRESIDENTIAL CAMPAIGN pitted a rude, crude, alpha-male, reality TV star and real estate tycoon against a political insider, opportunist, and fair- weather progressive feminist. And for the first time in living memory, the battle lines were cleanly drawn between two diametrically opposed camps. On one side was a cabal of globalists who view western liberal democracies as an annoying obstacle to the free flow of capital. Once content to pull strings from the shadows, a perceived change in the wind—namely, a nationalist fever sweeping Europe—forced them out of their lairs and into the glare. For their latest standard-bearer, they awkwardly shoehorned onto the ballot, by hook and by crook (but mostly by crook) the tired and insipid Hillary Rodham Clinton. Across the irreconcilable breach, the brash, trash-talking disruptor Donald J. Trump defied all odds and won the White House and the hearts and minds of the disaffected with a barrage of plainspokenness and rough-hewn truths. His ball cap–ready battle cry in defense of the sanctity and sovereignty of the nation-state was a middle finger in the face of political, corporate, and media elites. Like JFK’s pledge “to smash the CIA into a thousand pieces and scatter it into the wind,” Trump’s anti-globalist screed may yet still prove to be his coffin’s final nail. Against this revolutionary and historic backdrop, Don Jeffries has once again proven himself to be a true and righteous chronicler of our times and for our times. In Survival of the Richest, he shines a disinfecting light on the dark insidious players that have, over the course of only two generations, conspired in a process that has led to the hollowing out of the flyover states and the virtual collapse of America’s middle class. Jeffries tackles his subject—the root causes of economic inequality—with all the finesse of a back-alley brawler. Understanding the urgency of America’s perilous decline, he spends little time on nuance and subtlety. Like Rowdy Piper’s immortal drifter, John Nada in the John Carpenter film They Live, Jeffries has come to chew bubble gum and kick ass. Don Jeffries is all out of bubble gum. —Richard Syrett is a veteran radio and television broadcaster based in Toronto, and a frequent guest-host on Coast to Coast AM. I NTRODUCTION Poor—Persons who are unable to pay their taxes. For example, Vanderbilt. —Ambrose Bierce, The Devil’s Dictionary THERE HAVE BEEN WEALTHY PEOPLE and poor people throughout the course of history. One cannot exist without the other, much as no one would understand what “beautiful” meant, if there wasn’t a contrasting “ugly” to compare it with, and teenagers would have no idea who the “popular” kids were, if there weren’t corresponding “unpopular” kids. How many organizations—from Country Clubs to Freemasons—would exist without exclusionary rules? What good is a group, after all, if anyone can be a member? Rich and poor, success and failure, are man-made constructs. However, when the medium of exchange in our society, which largely determines the quality of everyone’s lives, is being distributed in an obscenely unfair way, then the vast majority of the people, who aren’t benefiting from the present arrangement, have a right and an obligation to demand change. This book is not meant to be an attack upon the rich. Without wealthy statesmen, which nearly all the Founding Fathers were, the United States would still be a colony of England. Historically, many rich individuals heeded the call to public service and felt an obligation to look out for the interests of their fellow human beings. They had a sense of history and were principled enough to care about liberty and justice. Joseph P. Kennedy urged all his children to enter public service, reminding them regularly of the old adage, “To whom much is given, much is expected.” Can anyone picture the Koch brothers, Warren Buffet, and their ilk—the closest approximations we have today to George Washington,

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A fresh look at economic inequality in America Survival of the Richest scrutinizes how the collective wealth of America has been channeled from the poor and middle class into the hands of a few elitists. American industry has been gutted, with wages and benefits stagnant or reduced, thanks to a disa
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