Friday, January 15th, 2021

Inequality In America: The Richest 20 Own More Wealth Than Half The Population

Published on December 7, 2015 by   ·   No Comments


Inequality in America, the Fish that Rots from the Head

Inequality of wealth is inequality of power. A study just released finds that “America’s 20 wealthiest people — a group that could fit comfortably in one single Gulfstream G650 luxury jet — now own more wealth than the bottom half of the American population combined, a total of 152 million people in 57 million households.” How much political power do the people who would be inside that jet — and their friends — actually have?

The first-ever thorough scientific and academic study of whether the U.S. is a democracy was published in 2014, and it finds, as an overwhelming statistically established fact now, that the U.S. definitely is not a democracy. This landmark study, by Gilens and Page, finds that, “When the preferences of economic elites and the stands of organized interest groups are controlled for, the preferences of the average American appear to have only a minuscule, near-zero, statistically non-significant impact upon public policy.”

Conservatives tried to deny the very meaning of this study by saying such things as that “America is a republic, not a democracy,” but they were just trying to distract from the findings, which are: the U.S. is a dictatorship, not  a democracy. A republic is simply another word for a “democracy.” Every democratic nation functions by means of elected representatives. So what? The “republic” matter is raised only to distract away from the reality, not in order to understand  the reality.

No matter how much the conservatives try to cheat or lie their way out of the reality, America is a dictatorship. There is simply no getting around the fact: America is a dictatorship, by and for the richest. The landmark Gilens-and-Page study found the elected representatives in America don’t actually represent the public nearly so much as they represent the people who finance the political campaigns that sucker the voters to vote for the aristocracy’s preferred candidates. America’s reality is rule by the richest, rule by the people who finance those TV commercials and political operatives who make a political winner a political winner in this republic of the richest, this government of the people, by the super-rich, for the super-rich, who make the actual decisions about which candidates will have a chance to win, and which won’t.

Just the way that the Grand Ayatollah in Iran chooses which candidates there will have a chance to win the Presidency, etc., America’s few super-rich here choose which candidates will have a chance to win the Presidency etc., and which won’t. In Iran, the Grand Ayatollah is chosen by, and serves, the mullahs; and, in America, the Party chiefs etc., are chosen by, and serve, the super-rich.

In America, the aristocracy wanted Saddam Hussein removed and replaced in Iraq, “regime change in Iraq”; so, it was done — the public were suckered into supporting an invasion (and then into re-‘electing’ the man who did it).

There is no accountability for the aristocracy’s agents (such as President Bush, or President Obama). None were prosecuted for the tortures and murders and destruction that were done to Iraq, and for the trillions of U.S. taxpayer dollars that were spent by us to perpetrate that destruction of Iraq.

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