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Our New “Gilded Age” November 10, 2010

Posted by tkcollier in Economy & Business, Geopolitics, philosophy & politics.
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The Boomers have been a terrible generation of political leaders. As in the case of most revolutionary generations in history, once the initial stab at change in their youth fell to the wayside, the real talent went into business and technology and changed the world–dramatically–for the better. The dregs went into politics and, in the process, have managed to thoroughly discredit it as a career and force for good in our society.

Last time it was this bad in America was those latter decades of the 19th century. The “revolution” then was the U.S. Civil War, and the crew that came out of that crucible was dramatically altered in character and vision and–most importantly–in personal connections. The bonds forged by war led to a lot of follow-on business development during a great and lengthy boom time. But it was an era much like today: frontier integration thanks to a rapidly expanding continental economy, the knitting together of a sectional economy into world-class “rising China” of its age, huge flows of people and FDI into the country–a miniature version of today’s globalization.

And during that age of booms and busts and the early populism that accompanied it, politics became a very dirty profession, so much so that when progressive icon TR decided to step into the fray, his wealthy NYC family begged him not to do so–it was considered such a huge step down from respectable obscurity. Few of us came name any politicians from that era (distant relation Grant being my favorite), but we all remember the industrial-financial titans, whose very names equal wealth: Rockefeller, Carnegie, Morgan, etc.

via Thomas P.M. Barnett’s Globlogization – Thomas P.M. Barnett’s Globlogization.

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