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Why the kleptocracy hates the Clintons

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ChernobylSoup commenting at Wonkette

I think the late 1990s scared the hell out of the Galt class. It was a time when anyone who knew how to spell IP or T1 could actually negotiate wages and benefits. And negotiate as individuals, not collectively. I sometimes think (or I would if I was a conspiracy theorist) the "job creators" vowed to never again let themselves be put in such a position and deliberately stagnated the economy and designed it so it would be very top heavy again.

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Submitted by cg.eye on

the event that really scared them was Y2K -- even with previous tech booms (aerospace, even oil exploration), what automatically deflated those was competitive pressures from other countries -- our fear of Japan/Korea, Inc. in the 80s, for example.

Once globalization hit, however, the elite owned those overseas factories, or else used them so extensively that *they* could wreck foreign economies by pulling out, instead of vice-versa. So once tech workers could begin to dictate better benefits without the benefit of a union -- thus, no pinko/Mafia slurs to deploy in a PR war -- *they* were the Galts the elite didn't want to empower.

And once the Y2K fear hit, that was the Going Galt moment wake-up call -- the talented, not the rich, holding the key to the American computerized way of life. Think of the humiliation of having to hire back all manner of older tech gurus, giving them the budget to scour every line of code that could disrupt a system. Some business owners resisted, but anyone who had a brain was asking about their preparations, and if those company spokesmen didn't have an answer the stock tanked.

The tech bust came soon after the (premature, but popular) turn of the millennium, and that timing I believe to be not accidental. Once they remembered they could fire tech gods, even those who saved their companies' logistics and software, the same way they could everyone else, it was easy to displace the whole class, and place their bets on the reliable bubble inflated land deals could bring. The Clintons both opened up that window of innovation, and shut it on our knuckles, with the drastic deregulation schemes that probably saved them from assassination. Good for them, bad for the rest of us.