Saw an interview with this guy. He's as conservative as they come, a "money-manager".
He said that with the current distribution of wealth in the US, wherein the top 0.1% control 90 percent of the wealth, isn't sustainable. That society will turn violent eventually, just as did the French with a similar distribution of wealth.
I think if you add to that what I've pointed out before, and that John Edwards is making a campaign issue, that the US has more people in prison, both numerically and as a percentage of the population, than ANY other nation we are building a powder keg.
"Globalization" is cutting out much of the middle class. Demonizing Unions has done the same. The tax structure is unfairly weighted toward the middle class, and now there is an underclass with no skills, no socialization, and no ability to eventually work and send their kids to college. And they know it.
The US is in for some adjustments, for sure. And just as surely, we will not be proactive about it.
Arf
"The Battle for the Soul of Capitalism" - John Bogle
