Sadly, like everything else -
History may not repeat itself, but it does rhyme.
This is not the US’s first rodeo when it comes to economic inequality leading to rough times.
Southern oligarchs wanting to protect and enshrine their source of wealth - slavery -
led to the civli war.
The “Gilded Age” (which Mar a Lardo often lovingly refers to) led to the Panic of 1907, and indirectly to WWI.
The “Roaring 20’s” led to the Great Depression and WWII.
We then had decades of middle class prosperity and relative income equality,
Until Saint Ronnie and “trickle down economics” happened.
Since then, poor and middle class incomes have stagnated,
while the top 1% have seen unprecedented increases in their wealth.
And here we are.
Yet again.