A corps of pundits exist whose fear of the lower classes has led them to assert that the unbred perverse—white as well as black—are crippling and corrupting American society. They deny that the nation’s economic structure has a causal relationship with the social phenomena they highlight. They deny history. If they did not, they would recognize that the most powerful engines of the U.S. economy—slaveowning planters and land speculators in the past, banks, tax policy, corporate giants, and compassionless politicians and angry voters today—bear considerable responsibility for the lasting effects
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