You can see the future of America's dominant 1% society by
looking at South Korea. In the Korean serials' on Hulu you see how powerful families control the money there and intermarry
between families to increase economic
power.
Before World War II Korea was a feudal society in which Yangban
(the top group) controlled over 80% of the land in Korea. After World War II
America so wanted an anti-Communist society that they put the government in the
hands of those Yangban, many of whom collaborated with the Japanese (who had run
Korea like a vassal state). They brought in an American resident of Korean
descent, Syngman Rhee, to be the front man for this government.
As Korea moved into the modern age many of these yangban
helped form Chaebol (the equivalent of Japanese Zaibatsu, large holding companies
like Samsung and LG).
So the money mostly stayed with rich families who continued
to intermarry and have power to do almost anything in modern Korea. There are
countless series about these families on Korean TV, and you get used to seeing
them bribe officials, eliminate opposition by many different actions and
frequently acting as if they were above the law.
Think about a world in which the major event of the social
year would be Jamie Dimon's son's marriage to Stevie Cohen's daughter. (Actually
since Dimon runs J.P. Morgan it could be his son marrying the daughter of an
important Chinese official.)
With the elimination of the middle class in America, the
South Korean serials become more important. We're forming an unequal society
and if you join Hulu Plus you'll get to see our future. It ain't pretty.
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