Plutocratic Socialism: The Future of Private Property and the Fate of the Middle Class

A proletarianized citizenry ruled by a class of insolent plutocrats is incompatible with the republican form of government established by the US Constitution. Without an effective majority of citizens who own property and whose character has been shaped by property ownership--a vibrant middle class--the Founders' Constitution will not survive. Our current age of Plutocratic Socialism is a specific manifestation of a pathology the Founders feared. Recovery must begin with a simple, yet profound, axiom: private property and political freedom stand or fall together.