Send a Tweet
Most Popular Choices
Poll Analyses
Share on Facebook 13 Share on Twitter 1 Printer Friendly Page More Sharing
Best Web OpEds   

Is America Becoming an Oligarchy? By Michael Tomasky

Author 40790
Follow Me on Twitter     Message Susan Lee Schwartz
Become a Fan
  (23 fans)

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.' 

Read the rest of the story HERE:

At www.nytimes.com

 

Rate It | View Ratings

Susan Lee Schwartz Social Media Pages: Facebook Page       Twitter Page       Linked In Page       Instagram Page

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...)
 

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

Other Series: View All 141 Articles in "Economics and the propaganda/lies"

Other Series: View All 146 Articles in "Meddling Through Disinformation: Weaponizing LIES"

Other Series: View All 201 Articles in "WEALTH"

Other Series: View All 585 Articles in "wrecking Ball"

Other Series: View All 182 Articles in "wWonderful writing ....must reads"

To View Comments or Join the Conversation: