Steve Fraser is a visiting professor at New York University,
co-founder of the href="http://www.americanempireproject.com/">American Empire
Project, and the author, most recently, of href="http://www.amazon.com/dp/0300117558/ref=nosim/?tag=nationbooks08-
20">Wall Street: America’s Dream Palace. He is is working on a book about America’s two Gilded Ages.
Americans were furious at the inequalities of their country 200 years ago. Could they get as angry today?
Why are multibillionaires dictating how America teaches its youth, provides healthcare and collects taxes?
It was Karl Marx who first observed that high finance is “the Vatican of capitalism.” How right he turned out to be.
After an absence of well over half a century, Wall Street is back, center stage, as the preferred American icon of revulsion, a status it held for a fair share of our history.