The last great hope of preserving our democracy from the corrupting influence of money is carpal tunnel syndrome.
The reason why Wall Street continues to push the austerity line also has to do with a) class psychology and b) how elite conventional wisdom is shaped.
Think about the days of feudalism. Back then, nobody bothered to justify their position in an egalitarian ethical framework. Instead, there was the “natural” superiority of the aristocracy, which allowed landlords to pillage the peasantry without even a scrap of justification. Concepts like meritocracy or equality were barely even considered; most people simply accepted their place in society.
"There is no equality of opportunity in the U.S., nor anything remotely approaching it. Children’s outcomes are closely correlated with the incomes of their parents, more so in fact than almost every other similarly developed country. Year-to-year economic mobility is also very uncommon.
Since vigorously celebrating equal opportunity that does not actually exist has not managed to soothe the masses, a new tactic has evolved: dismissing the whole inequality discussion as an unfortunate bout of envy.”