If I would need to make a prediction I still believe Kaplan's scenario is very plausible.

There are actually very few US politicians who have integrity and vision.

Wall Street sees a social fabric or social contract as inefficiencies, which need to be removed.

My own experience in the third world was that even if people started to make more money, the cost of living and housing increased often faster than the wages.

Capitalism is not about free competitive choices among people who are reasonably equal in their buying and selling of economic power, it is about concentrating capital, concentrating economic power in very few hands using that power to trash everyone who gets in their way.

I still don't believe that is the best scenario for businesses on Broadway.