Study Finds The US Is An Oligarchy

oligarchy

The US is dominated by a rich and powerful elite. So concludes a recent study by Princeton University.

If you don’t know what Oligarchy means, here’s wiki’s definition;

Oligarchy (from Greek ὀλιγαρχία (oligarkhía); from ὀλίγος (olígos), meaning “few”, and ἄρχω (arkho), meaning “to rule or to command”) is a form of power structure in which power effectively rests with a small number of people. These people could be distinguished by royalty, wealth, family ties, education, corporate, religious or military control. Such states are often controlled by a few prominent families who typically pass their influence from one generation to the next, but inheritance is not a necessary condition for the application of this term.

Throughout history, oligarchies have often been tyrannical (relying on public obedience and/or oppression to exist). Aristotle pioneered the use of the term as a synonym for rule by the rich, for which the exact term is plutocracy. However, oligarchy is not always rule by the wealthy, as oligarchs can simply be a privileged group, and do not have to be connected by either wealth or by bloodlines – as in a monarchy.

The two professors have conducted exhaustive research to try to present data-driven support for this conclusion. Here’s how they explain it: the wealthy few move policy, while the average American has little power

Eric Zuess, writing in Counterpunch, isn’t surprised by the survey’s results.

American democracy is a sham, no matter how much it’s pumped by the oligarchs who run the country (and who control the nation’s “news” media),” he writes. “The US, in other words, is basically similar to Russia or most other dubious ‘electoral’ ‘democratic’ countries. We weren’t formerly, but we clearly are now.”

Full story at http://investmentwatchblog.com/study-us-is-an-oligarchy-not-a-democracy and http://www.businessinsider.com/major-study-finds-that-the-us-is-an-oligarchy-2014-4