That’s exactly right, the New Deal was the concession to organized and militant labor movement that saved capitalism. No such movement exists today, and therefore there is no organized threat for the current ruling class to worry about. I think it’s also worth noting that the rich absolutely know they’re fighting a class war here. The plutonomy memo from citi group basically lays it all out. It’s kind of ironic that these people have far better understanding of Marxism than most of the western left.