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I don't think that this is okay, but I see where the brothers would have very little perspective on why this is offensive. The way European settlement of North America is taught in the history books glorifies the conquistadors and their ilk, and largely glosses over the genocide part. This is the same reason we continue to have Columbus Day in spite of its hurtful associations for the Native American population.
Someone in the article compares it to a "Jews/Nazis" party, but it is not an apt comparison as long as we continue to glorify the settlers. A better comparison would be a "corporate tycoons" party, I think.
Again, not excusing the brothers, but this is really a much larger problem with American society and our collective refusal to acknowledge the facts of colonization.
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