Evidence of an American Plutocracy: The Larry Summers Story

[ProudDad]

Rubin and Summers -- symptoms of Democrat Cluelessness

http://www.truth-out.org/evidence-american-plutocracy-the-larry-summers-story67007

"In a bigger sense, the decades-long dance of Rubin and Summers in and out of Washington has become emblematic of a second Gilded Age that wouldn’t even measure well against the first one from a century ago. Much of the public has come to view the Obama Administration as the latest round in a quickening game of musical chairs, played by the same old politicians who owe their fortunes or their careers to the same financial institutions that destroyed the economy, each round further consolidating their unaccountable power, each round bringing fresh disillusionment.

"Words like “plutocracy”, “oligarchy”, “kleptocracy”, and even “banana republic” are quickly gaining traction in political discourse. The Fukuyama quote at the top of this article comes from a new issue of The American Interest Magazine devoted to the question, “Are Plutocrats Drowning Our Republic?”, and here’s a small sampling of other recent ones:

“Millions of Americans have awakened to a sobering reality: they live in a plutocracy, where they are disposable.” (Bill Moyers)

“Government has been disabled or captured by the formidable powers of private enterprise and concentrated wealth.” (William Greider)

“America has been busy ‘building a bridge to the 19th century’ — that is, to a new Gilded Age.” (Frank Rich)

“Never before has the United States looked so much like a country of the rich, by the rich, and for the rich.” (Andy Kroll)

“What kind of a country do we aspire to be? Would we really want to be the kind of plutocracy where the richest 1 percent possesses more net worth than the bottom 90 percent? Oops! That’s already us.” (Nicholas Kristof)

[xchrom]

1. If only moderates believed I'm such a thing. Nt