They Are Not the 99%

You may have seen the New York Times report describing the Democrats' 2012 election strategy. It seems they are giving up on blue-collar whites (which they call, in mainstream Marxist argot, the "white working class"). Instead, Democrats are betting that they can cobble together a coalition of college-educated white leftists-the Occupy Wall Street crowd-and reliably Democratic Black and Hispanic voters.

This has been widely reported as news about the political horse race, but it also says something very interesting about the nature of a capitalist economy and who really benefits from it.