"Whenever there is great property, there is great inequality. For one very rich man there must be at least five hundred poor, and the affluence of the few supposes the indigence of the many. ... The acquisition of valuable and extensive property, therefore necessarily requires the establishment of civil government." Adam Smith, -- Book V, Wealth of Nations
Recently, President Obama has been accused of promoting class war. But the conservative free market fundamentalism, which entered the political stage in the late 1970s and early 1980s, is described by many as a one-sided class war, waged by those on top. Certainly, the data shows that even by the end of the 1980s, a large share of the income gains were going to the wealthiest. That trend has continued and intensified and has been much more pronounced in the U.S. than other nations. This redistribution of wealth has occurred because astronomical sums of money have pushed U.S. politics to the right. Both Rick Perry's verbal assaults on Social Security -- a centerpiece of the New Deal -- and Herman Cain's very regressive tax schemes can be seen as a continuation of the one-sided class warfare waged against the poorer classes.