4 ms·

This seems to be lacking some historical perspective ("Those who forget history are condemned to repeat it"). This happened before: https://en.wikipedia.org/wi

• spikels 13y ago
  Funny how the Gilded Age, a pejorative term BTW, gets a bad rap because a few people got extremely rich. It was actually one on the most economically successful periods in US history. As pointed out by Wikipedia real wages were up 60% in 30 years despite a doubling in population including around 8 million very poor new immigrants. For comparison we have had around 5% real wage growth over the past 40 years and are having difficulty absorbing a similar number of poor immigrants despite being almost 10 time more populous. To paraphrase Santayana: "Those who cannot remember the past are condemned to be UNABLE to repeat it."