- In a letter published by the WSJ, venture capitalist Tom Perkins compared critics of the 1% to that of fascist Nazi Germany and its persecution of Jews. Perkins subsequently apologized for the comparison but not the message. The WSJ editorial page then proceeded to double-down by saying the plight of the 1% is not exactly like Hitler, but it's Hitler-y enough. Ruth Wisse followed up, again in the WSJ, with her own interpretation that yes, Perkins is indeed on to something.I happened upon the following Twitter discussion, with @alexqgb filling in just some of the (many) missing pieces of our political economy that the WSJ and others conveniently choose to ignore: Forest, trees, and all that.
- — Miles Kimball (@mileskimball)Tue, Feb 04 2014 19:08:10Ruth Wisse makes the best case I've seen that anti-1% and anti-Semitism have common elements. Dark Side http://on.wsj.com/MUaT4z
- — Alex Bowles (@alexqgb)Tue, Feb 04 2014 19:30:36@mileskimball Sorry, but this fight isn't rooted in "envy". It's about the power of an oligarchy that's captured and degraded our democracy.
- — Miles Kimball (@mileskimball)Tue, Feb 04 2014 20:05:10@alexqgb It is ugly to vilify broad classes of people like the 1%. Name particular people who deserve to be criticized.
- — Alex Bowles (@alexqgb)Tue, Feb 04 2014 20:12:31@mileskimball But if you want names, try anyone who defends the carried interest rule, the $117k cap on SS deductions, and GWB's tax cuts.
- — Alex Bowles (@alexqgb)Tue, Feb 04 2014 20:20:23@mileskimball BTW, spinning justified anger about ill-gotten gains as a general attack on the 1% was the tactic Perkins used. Go nail him.
- — Trixie (@HaikuCharlatan)Tue, Feb 04 2014 21:05:19@mileskimball Rise of Nazis predictable: http://blogs.wsj.com/eurocrisis/2012/06/19/nowotny-links-austerity-with-rise-of-nazism/ … OWS was response to blaming teachers, BigBird, SocSec for deficits after GFC
- — Trixie (@HaikuCharlatan)Tue, Feb 04 2014 21:23:06@mileskimball So it's rich (pun intended) to see 1% so surprised w/out any context of why we're here. Meanwhile, deficit reduc #1 priority.
- — Alex Bowles (@alexqgb)Wed, Feb 05 2014 03:34:32@mileskimball Evil is HSBC laundering money for murderous drug cartels. Corruption is getting off with "deferred prosecution" from the DOJ.
- — Alex Bowles (@alexqgb)Wed, Feb 05 2014 03:36:52@mileskimball The uppermost echelon does not fear the law in the way that everyone else does. The resulting arrogance is what breeds hate.
- — Miles Kimball (@mileskimball)Wed, Feb 05 2014 03:13:29@alexqgb *Other than trying to keep taxes low* in what way are the rich pushing the country in the wrong direction as oligarchs?
- — Alex Bowles (@alexqgb)Wed, Feb 05 2014 23:12:49@mileskimball Re: it's not just taxes. Here's a perfect example of awful self-dealing by those who've captured govt. https://twitter.com/theifund/status/431200893628067841 …
- — Investigative Fund (@theIFUND)Wed, Feb 05 2014 23:01:19The new Farm Bill means both devastating cuts to poor families' food budgets and millions of $ for Koch Industries http://ow.ly/tjZzc
- — Alex Bowles (@alexqgb)Wed, Feb 05 2014 03:41:36@mileskimball I'm reluctant to generalize, but it's hard to find an industry that doesn't lobby against American people in one way or other.
- — Alex Bowles (@alexqgb)Wed, Feb 05 2014 03:43:55@mileskimball If you want examples I can make a list. But the short version is that power - not money - is the real bone of contention.
- — Trev Boudreau (@TrevBoudreau)Wed, Feb 05 2014 18:10:59@alexqgb @mileskimball Then your issue is with far less people than the top 1%. Unless of you take issue with these http://www.nytimes.com/packages/html/newsgraphics/2012/0115-one-percent-occupations/index.html …
- — Alex Bowles (@alexqgb)Wed, Feb 05 2014 20:32:05
- — Trev Boudreau (@TrevBoudreau)Wed, Feb 05 2014 21:02:58
- — Alex Bowles (@alexqgb)Wed, Feb 05 2014 23:20:09@TrevBoudreau ...as if voicing justified opposition to an obviously unjust political system puts them on par w/ history's greatest monster.
- — Alex Bowles (@alexqgb)Wed, Feb 05 2014 23:20:15@TrevBoudreau Sorry guy, but you missed a key detail. It was Tom Perkins–speaking for the 0.01%–who smeared Occupy by calling them Nazis...
Take III: Tom Perkins, The Wall Street Journal, and the Persecution of The One Percent.
Regardless of your point-of-view, the winner is clear: Godwin's Law.