Political theories originally heralded as “the new new thing” often disappear without notice. So it was with the “investor class,” once a bedrock of GOP thinking.
As more Americans became investors, and therefore business “owners,” the theory argued, they would become more Republican, ushering in an era of GOP dominance. …
The theory of the investor class foundered on two shoals. First, investment was never really democratized in the U.S.; real investors tend to be quite wealthy. Second, the faux investors in the middle class never behaved as the Republicans predicted they should. CONT.
Mark Mellman (Mellman Group), The Hill