"In their view, capitalists haven't lost touch with reality — equity values simply no longer depend on the functioning of society."

"There is no market rally without the past two months of manic central-bank interventions, and there is no Federal Reserve without the U.S. government."

You hit the nail on the head with both of these. Big Business has been working slowly to remove it's dependence on Main Street, and at the same time, making Main Street utterly dependent on it.

As such, when things go well, they profit the most, and when things go sour, the Fed & Government protect them from losses. Amazing.