Note from a reader, posted on the Corner:
I remember reading many, many years ago that the central conflict in the Western economic system wasn’t between Capitalism and Socialism, it was between New Wealth and Old Wealth. Joe the Plumber is New Wealth – Joe Biden, Barack Obama (thanks to book sales) and Ted Kennedy are Old Wealth. Mark knows perfectly well what a testament to Old Wealth that Canada is, because that’s what a Welfare State preserves.
so old wealth is classified as in the past five years?
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