THE ECONOMICS OF REVOLUTION
by Jack Reeves
A major fact, yea lesson, of history is that economic disparity is a dominant cause of revolution. Class warfare is the better designation.
Class, related to wealth and resulting power, creates disparities that cause revolutions. Examples: England, France, the 13 Colonies, Russia, Germany, Italy, India, China, Iraq, Argentina, etc.
Arguably, the United States could undergo a revolution. Our last attempt was the American Civil War.
"We are the 99%" is the slogan of "Occupy" protesters. It refers to the concentration of wealth since the 1970s among the top 1% of earners. The Congressional Budget Office says that between 1979 and 2007 incomes of the top 1% of Americans grew by an average of 275%. During the same time, the 60% of Americans in the middle of the income scale saw their income rise by 40%.
There are economic forces of the 1%, the upper class, determined to strengthen this status quo.
We are not there yet, but the writing is on the wall. Wall Street et al. are not immune to revolution caused by economic disparity.
"Mene mene tekel upharsin"--the 'writing on the wall' interpreted by Daniel: The king's deeds have been weighed and found deficient, and his kingdom will therefore be divided.
The Bible. History. We learn from history or we repeat it.