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That's pretty much Elizabeth Warren's argument, yeah.

The fundamental problem is that one political party benefits when the majority of the populace is uneducated, fearful and deprived. The other benefits when the majority of the populace is educated, empathetic and secure. The former party has historically supported wealth concentration while the latter party has historically supported wealth distribution.

Stable equilibrium has been destroyed and both parties are weak. That's how we got here.