Professor’s Classroom
Subject: American History
Recently there has been a wealth of bitching about the control that Wall Street has over the politics in this country…everyone sees them as the enemy, but no one ever warned us of the extent that this would have to the country……well that is not completely accurate.
From the very beginning of this great nation, some people saw what was coming and what it would do……
[I] shall rest satisfied with observing that our European manners which, probably, are, at this period, too common in America, will enable money (or, in other words, the rich) to usurp and to maintain an absolute dominion throughout the several states. To prevent it from striking root, some weak and feeble efforts will arise; and, perhaps, it may not prove impossible, by a multitude of precautions, to prevent this empire from becoming actually tyrannical. If feeble laws have not the power to hinder the commercial bodies from seizing upon all authority; if the public morals present no succors to the people; but, strive, in vain, to set some limits to the rage of avarice, I must tremble at the prospect of the final rupture of all the bonds of your confederation.
Who was that masked man on such foresight?
Those words were written to John Adams by Frenchman Abbe de Mably in 1785. Some saw into the future and if you look at it he was CORRECT in his prediction….Wall Street, i.e. the wealthy, run this country as it always has from the very beginning. And how good was this guy…he also predicted that the government would do little to stop the seizing of power by the “elites”….all the efforts would be anemic and the wealthy would always control the government.
Oh you think I am mistaken? Then look at the “Founding Fathers”…….name one that was not wealthy….okay Sam Adams was in debt to his ears….but he is seldom mentioned in most history books…even though he was a pivotal character in the movement for independence. They, the “patriots”, were trying to break the bonds of mercantilism…… and they did……I will repeat that…..it was more about breaking the bonds of mercantilism…..not necessarily freedom…..that took the pen of an idealist.
Keep in mind that….it was seldom about what was best for the people….but rather what the founders thought was best for them and their commercial endeavors….and that has seldom changed through the decades and centuries of the American experience.