Ron Formisano
- Published in print:
- 2017
- Published Online:
- May 2018
- ISBN:
- 9780252041273
- eISBN:
- 9780252099878
- Item type:
- book
- Publisher:
- University of Illinois Press
- DOI:
- 10.5622/illinois/9780252041273.001.0001
- Subject:
- Sociology, Social Stratification, Inequality, and Mobility
Almost all studies of the nation’s extreme inequality of income and wealth have overlooked a critical, overarching cause of the creation of The New Gilded Age. The permanent political class has ...
More
Almost all studies of the nation’s extreme inequality of income and wealth have overlooked a critical, overarching cause of the creation of The New Gilded Age. The permanent political class has driven and sustained economic and political inequality not only with the government policies it has crafted over the past four decades. It has created inequality by becoming a self-dealing, self-serving nepotistic oligarchy that is enabling the One Percent and the .01 Percent to create an American aristocracy of wealth.
American Oligarchy describes a multifaceted culture of self-dealing and corruption reaching into every sector of American society. The political class’s direct creation of economic inequality by channeling the flow of income and wealth to elites, has been described extensively; less exposed has been how its self-aggrandizement indirectly—but hidden in plain sight—creates a culture of corruption that infects the entire society.Less
Almost all studies of the nation’s extreme inequality of income and wealth have overlooked a critical, overarching cause of the creation of The New Gilded Age. The permanent political class has driven and sustained economic and political inequality not only with the government policies it has crafted over the past four decades. It has created inequality by becoming a self-dealing, self-serving nepotistic oligarchy that is enabling the One Percent and the .01 Percent to create an American aristocracy of wealth.
American Oligarchy describes a multifaceted culture of self-dealing and corruption reaching into every sector of American society. The political class’s direct creation of economic inequality by channeling the flow of income and wealth to elites, has been described extensively; less exposed has been how its self-aggrandizement indirectly—but hidden in plain sight—creates a culture of corruption that infects the entire society.
Ron Formisano
- Published in print:
- 2017
- Published Online:
- May 2018
- ISBN:
- 9780252041273
- eISBN:
- 9780252099878
- Item type:
- chapter
- Publisher:
- University of Illinois Press
- DOI:
- 10.5622/illinois/9780252041273.003.0001
- Subject:
- Sociology, Social Stratification, Inequality, and Mobility
Across the political spectrum many observers of Washington, D.C., have recognized the existence of a self-perpetuating and self-aggrandizing political class. But the phenomenon extends well beyond ...
More
Across the political spectrum many observers of Washington, D.C., have recognized the existence of a self-perpetuating and self-aggrandizing political class. But the phenomenon extends well beyond Washington to embrace regional and state political and economic elites occupying a broad array of institutions in and out of government, tied together by ambition, interest and mutual benefit.Less
Across the political spectrum many observers of Washington, D.C., have recognized the existence of a self-perpetuating and self-aggrandizing political class. But the phenomenon extends well beyond Washington to embrace regional and state political and economic elites occupying a broad array of institutions in and out of government, tied together by ambition, interest and mutual benefit.
Ron Formisano
- Published in print:
- 2017
- Published Online:
- May 2018
- ISBN:
- 9780252041273
- eISBN:
- 9780252099878
- Item type:
- chapter
- Publisher:
- University of Illinois Press
- DOI:
- 10.5622/illinois/9780252041273.003.0003
- Subject:
- Sociology, Social Stratification, Inequality, and Mobility
Most members of Congress are now millionaires; for all “serving” in Congress enables most to live like millionaires. The affluence of many members of the political class causes them to lose ...
More
Most members of Congress are now millionaires; for all “serving” in Congress enables most to live like millionaires. The affluence of many members of the political class causes them to lose connection with ordinary Americans.Less
Most members of Congress are now millionaires; for all “serving” in Congress enables most to live like millionaires. The affluence of many members of the political class causes them to lose connection with ordinary Americans.
