The same problem of today lead to the Great Depression. Poor class(slaves) and the few rich elites(masters). The middle class only appeared between 1930 and 1945 as a result of government regulations. The middle class is rapidly disappearing in the America. Lose your home and your job and you are back to being a pauper.
The neo-liberal economic reforms from 1979 onwards has resulted in a more unequal distribution of wealth. The corporate fat cats are getting larger and larger pay increases at the expense of the workers. Emergence of shadow banking system- unlimited easy credit with a Fiat Capital system. Investors gambling in high risk products in derivatives and housing markets. The global financial derivative system has around $1.5 quadrillion invested into it.
Neo-liberalism was made popular with the emergence of Thatcher and Reagan in the late 1970s. Neo-liberal economists are fanatical free market fundamentalists and market deregulations. It is the economics of destruction. Neo-liberalism is nothing more than snake oil economics. If something sounds too good to be true it must be a scam.
