Tag: Oligarchy


The Iron Law of Oligarchy Returns

Thomas Piketty's "Capital in the Twenty-first Century."

America likes to think of itself as a land of the Great Middle Class with a government “of, by and for the people.” But that reality has changed drastically over the past several decades, as money and power have created a…

America’s Mad Dash to Oligarchy

Mr. Moneybags from the "Monopoly" game

Since Ronald Reagan’s “supply-side” tax cuts for the rich followed by other giveaways like eliminating the “death tax” so billionaires can pass on their fortunes to lucky heirs the United States has been on a mad dash to oligarchy, as Bill Moyers…