Evening Must-Read: Jonathan Chait: Piketty, Oligarchy, and Conservative Evasion

Jonathan Chait: Piketty, Oligarchy, and Conservative Evasion: “Every so often, a right-winger billionaire will go on an epic public rant against class warfare, populism…

…and the depredations of the Democratic soak-the-rich tax agenda. But such rants are noteworthy not only for their hilarious lack of self-awareness and uncomfortable tendency to invoke Adolph Hitler, but for their sheer discordance with the rest of the Republican message. The GOP obviously does not want its public face to be filthy rich men wallowing in self-pity…. The sudden popularity of Thomas Piketty’s Capital in the Twenty-First Century has again thrust conservatives into the pseudo-populist defensive stance…. David Brooks’s column today… a wilder essay/rant by Washington Free Beacon editor Matthew Continetti. Brooks (not for the first time) suggests that the liberal concern over inequality is driven by liberal elites, who are prestigious and wealthy, but less wealthy than the hedge-fund titans with whom they regularly interact, and against whose riches they bristle with resentment…. Continetti, meanwhile, brings up Piketty only to argue that the true oligarchs in America are the liberals…. What both have in common is a myopic focus on the sociological identity of Democratic elites…. In fact, American politics revolves around a policy dispute that carries massive repercussions for inequality…. Neither Brooks nor Continetti mentions any of these things. For all the demented paranoia of Tom Perkins, Ken Langone, Charles Koch, and the like, at least they are willing to acknowledge the basic class contours of the struggle in which they’re engaged…”