END OF PLUTOCRACY?

Submitted by ub on

When will US see the end of government by the wealthy? Will the controlling class of the rich, which has been gaining power for several years ever change course?

Over time, many political thinkers like Winston Churchill, Alexis de Tocqueville, Juan Donoso Cortés, Noam Chomsky and some others have loudly condemned plutocrats for ignoring their social responsibilities, by using power to serve their own purposes, ignore poverty and nurturing class conflict, corrupting societies with greed.

Inequality is nothing new in life. It has not only been around forever, but the film Wall Street, with its portrayal of a rising plutocracy insisting that greed is good enforced this message. Too many politicians have avoided class warfare and the ever-growing gap between the very rich and US.

if you look only at the impact of rising inequality on the all important middle-class, you may find that inequality played an important role in creating our economic mess and has played a crucial role in our failure to clean it all up.

When will the administration will take some time to map out a new plan?