this post was submitted on 11 Jun 2024
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494
America’s problem is massive inequality – not ‘woke’ educated elites (www.theguardian.com)
submitted 5 months ago* (last edited 5 months ago) by [email protected] to c/[email protected]
27 comments fedilink hide all child comments
 

Fake populists like Elise Stefanik (Harvard ’06) and Josh Hawley (Yale ’06) attack higher ed to protect corporations and the rich

More than a third of Harvard’s graduating seniors are heading into finance or management consulting – two professions notable for how quickly their practitioners “make a bag”, or make money, reports the New York Times*.*

Similar percentages show up in other prestigious universities.

…

In this era of raging income inequality and billionaire robber barons, the bags are gigantic. At Goldman Sachs they start at $105,000 to $164,000. At McKinsey, $100,000 to $140,000.

And that’s just the first year.

…

America’s corporate and financial elites have flooded American politics with money in order to receive government subsidies, bailouts, tax cuts and regulatory rollbacks – all of which ratchet up their wealth, entrench their power and make it harder for average working people to advance.

Trump and much of his Republican party are deploying criticisms of the educated class to pose as populists on the side of the people.

Consider Elise Stefanik, Harvard class of ’06 and chair of the House Republican Conference, who doesn’t miss an opportunity to attack elite universities and their presidents. Or Senator Josh Hawley, Stanford class of ’02 and Yale Law ’06, who calls the recent student demonstrations signs of “moral rot”.

It’s all a thinly veiled cover for their efforts to help the wealthy make even bigger bags while keeping everyone else – especially average workers – down.

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[–] [email protected] 6 points 5 months ago (1 children)

Standard "it was just a joke!" response.