What the author discusses is mostly accurate IMHO. It is the result of the sheeple, however doing a Rip Van Winkle.
To be sure, the author doesn’t discuss that the reason this has happened to the U.S., the Eurozone, Japan, S. Korea, Israel, et al is because the sheeple permitted it. Yes, citizens of so-called democratic-capitalistic countries, you permitted your leaders to de-regulate your economies, provide tax incentives for the the top 1%, implement immisertating trade policies, join a monetarist union that has unelected represenatives doing the bidding for the banksters, industrialists, etc. In short you did NOTHING about it. Now you must reap what you sowed.
I also observed that author doesn’t mention that the great leveler of wealth, power, control is a properly, publicly funded universal education system that Baby Boomer parents (I’m a Boomer) never took an active interest ensuring that their kids got like my parents’ generation did for mine. Some may argue that only those that graduate from Eton, Groton, St. Anselm’s, Sidwell Friends, etc., have the advantage no matter what. Get over it. The world ain’t fair. It never has been and it never will. We are flawed, fucked up creatures.
So what is there to do? Get involved with your school board if you are a parent, get off the damn coach and quit reading a Facebook posting from a “friend” that you’ve probably never met and volunteer for a charity, or attend a grass roots organization that wants to agitate for change, etc. Just do something besides nothing then bitching about it.
At a minimum try reading a book or two in a year, read various news services from both the conservative, moderate and liberal perspective, register to vote and VOTE. Yes, Millennialls I am now talking you about voting.