Michael Parenti: 'Old Families'

“If one looks into the genealogies of many 'old families,' one discovers episodes of slave trafficking, bootlegging, gun running, opium trading, falsified land claims, violent acquisition of water and mineral rights, the extermination of indigenous peoples, sales of shoddy and unsafe goods, public funds used for private speculations, crooked deals in government bonds and vouchers, and payoffs for political favors. One finds fortunes built on slave labor, indentured labor, prison labor, immigrant labor, female labor, child labor, and scab labor -- backed by the lethal force of gun thugs and militia. 'Old money' is often little more than dirty money laundered by several generations of possession.”