As has been pointed out, the “Chelsea” article is much broader than just Chelsea. It discusses a network of mutually supporting people from commerce and government who all get rich on connections and inside information.
In a way this answers my longstanding question: What happened to the technological bonus we were all promised in the 1950s and 1960s. Back then, when the 40-hour week was standard and it only took a single parent to support a family, we were told that we would soon be working 20 hours or less (and own personal flying cars). Instead, it now takes two people 60 hours a week to support a family, much to the detriment of family life and children’s upbringing.
What happened to the technological bonus? Insiders managed to channel most the trillions of dollars in benefits to themselves while leaving the man in the street out in the street.
AZLiberty wrote:
“As has been pointed out, the “Chelsea” article is much broader than just Chelsea. It discusses a network of mutually supporting people from commerce and government who all get rich on connections and inside information. ...”
Link posted by bitt in #275
https://www.freerepublic.com/focus/chat/3743427/posts?page=275#275
And in #168 by AZliberty
https://www.freerepublic.com/focus/chat/3743427/posts?page=168#168
both go to the Chelsea story.