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Is America Becoming an Oligarchy? By Michael Tomasky

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Democracy can’t flourish in a context of grotesque concentration of wealth. This idea is neither new nor radical nor alien. The founders generally  believed  that excess inherited wealth was fundamentally incompatible with democracy. They believed that There is, should be, a democratic element to capitalism — and an economic element to how we define democracy.  hey saw clearly the link between democratic health and general economic prosperity.   T hey were most concerned with inherited wealth, as was the Scottish economist Adam Smith, whom conservatives invoke constantly today but who would in fact be appalled by the propagandistic phrase “death tax” — in their time, inherited wealth was the oppressive economic problem.' 

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Susan Lee Schwartz Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)
 

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2 people are discussing this page, with 4 comments  Post Comment


Susan Lee Schwartz

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I have been saying forever, that when individuals have the kind of wealth that once was seen only in nations or monarchies, then it is all over. Now we have corporate wealth that controls our laws, and are undoing good Fed policy. so the stock market surges even though the people have become wage slaves.

Today, we witness the loopholes created by rogues who call themselves 'lawyers", but who spend their time undoing the rule of law for our citizens so their clients can hide their wealth.

We saw how it almost destroyed this nation, in the gilded age. We see now, the end of laws to prevent monopolies and laws to stop the banksters. Gone is Glass-Steigal.

It is funny that "Game of Thrones,' demonstrates what our founders knew... that inherited wealth is the death knell of a society.

Submitted on Monday, Apr 15, 2019 at 5:13:21 PM

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Susan Lee Schwartz

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interesting: "The Final Nail in the Coffin of American Democracy Why the Impotence of the Mueller Report Means Authoritarianism Will Reign Unchecked."

and from Survival of the Richest, by Nomi Prins - The Unz Review"Like a gilded coating that makes the dullest things glitter, today's thin veneer of political populism covers a grotesque underbelly of growing inequality that's hiding in plain sight. And this phenomenon of ever more concentrated wealth and power has both Newtonian and Darwinian components to it.

"In terms of Newton's first law of motion: those in power will remain in power unless acted upon by an external force. Those who are wealthy will only gain in wealth as long as nothing deflects them from their present course. As for Darwin, in the world of financial evolution, those with wealth or power will do what's in their best interest to protect that wealth, even if it's in no one else's interest at all."

Submitted on Monday, Apr 15, 2019 at 5:15:20 PM

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Susan Lee Schwartz

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This new USA Today/Arizona Republic/Center for Public Integrity in-depth investigation is a bombshell report on the thousands of "copy-and-paste bills" introduced and passed in state legislatures which purport to represent local interests but instead further a corporate or industry agenda. Among the goals: passing ESA Vouchers that siphon public funds from public education and redirect them to private, religious and home schooling.

Submitted on Monday, Apr 15, 2019 at 5:15:53 PM

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There Is No Such Country called "America", except as nickname, often in some Patriotic context, or to sell something....if that makes a difference. Always a grinchy thing to see "America" in OUR discussions, common usage though the term may be, thanks to Corporate Media and some soupy hymnal and pop songs.

What's so hard about ACCURATELY saying/writing "The US" or "The USA" or "The States" or "The United States", etc, when the topic is about The United States OF America and it's so-called government? Why contaminate or indict the whole Continental Mass with the stuff from just ONE of The Americas? ...like, as if the whole multi continental American mass is on Our Militaristic/Corporatistic Side.

Since stolen colonized Hawaii is in Polynesia, not in any part of The Americas....and since every country from Canada down to Tierra del Fuego is in The Americas...well....time to adjust a bit of rhetoric...no? Yes? Please?

PS: If one incorrectly calls the USA "America", one has to think...what else are they inattentive to, or incorrect about? Not a good thing for a legitimate article....or our understanding.

Submitted on Wednesday, Apr 17, 2019 at 6:18:11 AM

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