|I don't think they said "wiped out" -- only that they became less important relative
to "wage earners".
On Tue, Nov 14, 2006 at 12:00:08PM -0500, Doug Henwood wrote:
> > On Nov 14, 2006, at 11:49 AM, Carrol Cox wrote:
>> > > looking back on the history of the
>> > > 19th, 20th, and 21st centuries will
>> > > see that the core of the ruling class
>> > > consists of the rentier strata of the
>> > > capitalist class
> > Except that there aren't many rentiers around today. Piketty & Saez
> > demonstrate that they were wiped out in the mid-20th century by
> > depression, war, and inflation. The highest-income people today
> > "work" for their money, as CEOs, hedge fund jockeys, etc.
> > Doug