Sunday, January 15, 2012

Have the Super Wealthy Already Seceded from the United States?

By Mike Lofgren, TruthOut.org
Posted on January 11, 2012, Printed on January 15, 2012

It was in 1993 during Congressional deliberation over the North American Free Trade Agreement. I was having lunch with a staffer for one of the rare Republican members of Congress who opposed the policy of so-called free trade. I distinctly remember something my colleague said: "The rich elites of this country have far more in common with their counterparts in London, Paris and Tokyo than with their own fellow American citizens."

That was just the beginning of the period when the realities of outsourced manufacturing, financialization of the economy and growing income disparity started to seep into the public consciousness, so at the time it seemed like a striking and novel statement.

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