Ed Dowd, former BlackRock fund manager.

“What [the U.S. has] is a class problem… 1% of the population of the globe owns 50% of the global wealth… this is… why you’re seeing the rise of division. Because the way you control the many is you make the many hate each other.”

“What we have in this country is a class problem. We have, you know, 1% of global wealth is the 1% of the population of the globe owns 50% of the global wealth. So this is a class issue. It’s been going on for a long time, since the great financial crisis and since 2000. And we have, And this is not just a US Problem. This is a global problem.

“And when we get to these types of situations they’re cured one of two ways. The elites pay an existential price and or the system collapses and they’re forced to share the wealth again. So this is how it’s done.

“I’m not suggesting it’s imminent, but this is why you’re seeing the rise of populism, and this is also why you’re seeing the rise of division. Because, the way you control the many is you make the many hate each other. You make the pitchfork guy look at the torch guy and say, hey, the torch guys are trying to take our pitchforks. And that’s what’s going on today. We got all this finger pointing. This is a class issue. It’s not a black, white, Hispanic, left, right, Muslim. This is a class issue.”