Most are very rich. EPA judgments that are reversed under the combined pressure of the commercial interests affected and beholden politicians is one. And on and on. The Clintons are the striking case in point.
Whether they are "bought off" in some sense or other, they surely are often coopted. It follows that their well-being is crucial to the well-being of the national economy and, therefore, they should be given privileged treatment. Moreover, the extreme of a regulatory culture that, in effect, turns public officials into tame accessories to financial abuse emerged in stark relief at the Levin Committee hearings on JPMorgan Chase's 'London Whale" scandal.
First, there is no reason to think that such a process has accelerated over the past five years during which disparities have widened at a faster rate.
The familiar statistics tell us that nearly 80 percent of the national wealth generated since has gone to the upper 2 percent, 65 percent to the upper 1 percent.
Even the Affordable Care Act is not government owned, and is supported by independent insurance companies that are publically owned by shareholders, not the government. Behavior of this kind is the antithesis of what could be the cultivated image of the statesman of commerce — even though they pay a price in public esteem.
The most revealing experience that we have of that harsh reality is the Obama administration's strategic decision to allow Wall Street to determine how and by whom the financial crisis would be handled. The United States now is more a plutocracy than a democracy.
Should they not, Congress will face a crummy choice. Our current economy is accurately described by investment advisors and marketing consultants as a "plutonomy," a combination of the terms "plutocracy" and "economy.
A Theocracy is a government ruled by or subject to religious authority. The is the mirror opposite of economic democracy, which is an essential foundation of political democracy, both foundational to the Living Democracy of Earth Community.
If one were to read and believe the histories of the time as written, believing that the authors were being honest and forthright, we would never discover all of the things such as this, that they were hiding or disguising.
But by definition, that is false. Senior regulators explained that they did not see it as their job to monitor compliance or to check whether claims made by their Morgan counterparts were correct.
When the system of law that is meant to order the workings of society without reference to ascriptive persons is made malleable in the hands of officials to serve the preferred interests of some, it ceases to be a neutral instrument for the common good.
That pattern has been markedly accelerated since the financial crisis hit in. This essay will seek to define Democracy, the meaning of the word, the system and the history, and describe two of the most famous democracies: Direct democracy and Representative democracy.
Democracy is a form of government where people have power to participate in the government. A plutocracy is a system of rule by people of wealth, which describes our situation in the United States far more accurately than the term democracy.
We have been an Empire ruled as a plutocracy since our founding. This is David Korten’s video commentary on American Plutocracy and the transition to Deep Democracy. White Men [ ]. Bill Moyers Essay: Plutocracy and Democracy Don’t Mix from schmidt-grafikdesign.com on Vimeo.
For those still saying that the rich have gotten richer the last few years because they are stronger and work harder than the masses, please wake up.
Plutocracy is a government by the wealthy. Ploutos was Greek for "wealth", and Plouton, or Pluto, was one of the names used for the Greek god of the underworld, where all. Plutocracy: Political Repression in the USA is a smart and engrossing tale of an issue which continues to drive economic instability and power dynamics today.
The film honors the sacrifices of all those who have battled to win the freedoms we enjoy today, and reminds us of the importance of demanding equality for all and speaking truth to power.
Powerful Essays words ( pages) Campaign Finance Reform: The History, Present, and Future Essay - Campaign Finance reform has been a topic of interest throughout the history of the United States Government, especially in the more recent decades.Essay on plutocracy