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Originally Posted by sebastian_dangerfield
There was a time when noblesse oblige worked. ... Investment bank partnerships of old come to mind.
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Worked for whom? Because, no.
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But you also had Henry Fords (loathsome bigoted views aside) who realized the best way to sell the most cars was to allow workers to earn enough to afford them.
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Ford realized, correctly, that continually replacing workers was more expensive than paying them more.
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I think the post-war boom in this country (yes, possibly a non-reproducible aberration, for a number of reasons) demonstrated that a benign elite could simply manage things, and profit a decent bit more than everyone else, while delivering broad prosperity.
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Again, define "everyone else." Because, again, no.
And to the extent that the white world followed the pattern you suggest, I think you're missing just how much all of that was about staving off the reds. We don't need a revolution. We need a credible threat of one.
