Dickson C. Igwe. Photo: VINO/File

Furthermore, globalization has benefitted autocrats and authoritarian rulers. Democracy has not benefitted from globalization, albeit, globalization has created a new middle class- in relative terms- in Asia, Africa, and the Third World, of over a billion people. The new middle class is ruled over by authoritarians and dictators mainly.

OK. From the gilded age of the early 1900s, back to medieval feudalism, then all the way back to the start of written history, the world has been ruled by elites. Monarchs, scribes, warrior kings, landed nobles, and wealthy merchants, have ruled from the time of Ancient Egypt.

Democracy is actually very recent. And women and blacks in the west only got the vote in the early to mid -1900s. For most of human history, slavery, serfdom, and the toil of the peasantry has been the norm.

The 1% rule the world assisted in their control of the global economy by the 9%. The 9% are the advisers: lawyers, bankers, administrators, managers, and the security and military apparatus, who keep the wealth of the 1% ‘safe and sound.’ The 9% form a type of professional upper class: they are an invisible wall between the 90% and the 1%. The 9% are in the $150K to $1M earnings bracket. These are proverbial ‘’henchmen’’ of the super-wealthy and powerful.

OK: What struggling  "western workers" fail to realize is that they would actually be better off were they to drop their swords of xenophobia and race hate, and work with their fellow black and minority colleagues, to obtain better wages and benefits from the 1%, who own their places of work.

The 1% dislikes Unions and socialist type organizations intensely, and for good reason.

Before the onset of the Supply Sided, Trickle Down, Economy, post the 1970s, the 90% - the working and middle classes- were actually better off in real terms than they are today. The Keynesian Economy was a bottom-up fiscal culture that invested heavily in social infrastructure that benefitted the masses. Public investment and economic stimulus drove western economics. Keynesian economics and socialism are a symbiosis.

Since the onset of Trickle Down in the early 1980s, wages and living standards have stagnated for the 90%. Instead, there has been a massive transfer of wealth from the 90% to the 1%.

A key reason for this transfer has been the increase in private debt brought on by the Trickle Down, Economy. This is debt that is indirectly owed to the 1%. Debt is a tool for increasing consumer demand. Increased consumer demand drives up both corporate profit and personal debt under the Supply Side Economy. Debt is also a reason for the boom to bust economic cycle.

Now, that growth in wealth inequality has been blamed for the social upheaval in the US and the UK.

Migrants are not to blame for job losses in the UK and USA. Those job losses are the result of a new world economic order that is integrated and top-down, where factory and business owners can move assets offshore, or to the Far East, at the click of a mouse.

Under the Trickle Down Supply-Side economy, CEOs and top executives contemplate the purchase of their second yacht and third vacation home while the struggling working and lower-middle classes get the crumbs that fall off the ‘’proverbial buffet table.’’

Politicians who are part of the 1% like Donald Trump, giving tax breaks to their super-wealthy friends, will not help blue-collar types in Iowa and Ohio.

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