Daniel Greenfield writes in his blog, Sultan Knish, Savages of Socialism,

Excerpts:

A booming housing market in the city is built on runaway prices caused by artificial shortages. Manhattan is really two islands, one is being built up and torn down again every few years, while the other is stuck in a state of permanent slumhood since the seventies. One pays for its organic grapes with smartphone apps and the other buys everything with food stamp cards.

The gap between these extremes is where the shortages form and the Middle Class eventually falls into that hole between the extremes of the liberal poor who want to be subsidized and the liberal rich who want someone to do something about the poor. The welfare class is relieved not to be burdened with the slog to the Middle Class and the crony capitalists are not interested in more competition. Both agree on a static society managed with subsidies and monopolies. This system had more than a passing resemblance to the dysfunctional countries of the Middle East. The only difference is that America still has a Middle Class for the system to drink dry.

HKO

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