Monday, 20 April 2015
Study “reveals” that the rich have knobbled government.
I like this United Press International article entitled “The US is not a democracy but an oligarchy, study concludes.” The study has apparently been done by folk at Princeton and Northwestern Universities.
The summary of the article reads "The central point that emerges from our research is that economic elites and organized groups representing business interests have substantial independent impacts on US government policy, while mass-based interest groups and average citizens have little or no independent influence.”
Er yes. I suspect most taxi drivers are aware that Jamie Dimon and Lloyd Bankfiend make regular trips to the White House with a view to licking the president’s arse - sorry I meant with a view to discussing paying for election expenses. Any connection between those payments and subsequent bank friendly legislation, and a continuation of “socialism for the rich” are of course entirely coincidental.
I wouldn’t describe the above study as revelatory.