The Government Is A Democracy

The Bank of the United States was designed to make money and build an economy. It was designed by men like Alexander Hamilton and Robert Morris, but did not benefit the common citizen as much as wealthy investors. Why did a fledgling government need to borrow millions from overseas in order to invest in a “national” bank, to turn around and then borrow the same money back and pay interest on it? The banking system developed by Alexander Hamilton and Robert Morris was prime pickings for speculators, and laid the groundwork for a history of unscrupulous activity regarding our nation’s money supply that continues to this day. The signatures on the Constitution were barely dry before corruption and

Robert Michels believed that any political system eventually evolves into an oligarchy. He called this the iron law of oligarchy. According to this school of thought, modern democracies should be considered as oligarchies. Unfortunately, Oligarchy Governments really hide under the name of democratic. As an example, a number of former Soviet states, including Ukraine. Officially, we live in a democratic state, but we all know who is at the helm of state power. Ukraine is called a democratic state, which governed by a few oligarchic clans.

Secondly, out of the twenty-five stockholders of the Bank, five of these were government owned. Thus showing support of the Bank by subscribing to one-fifth of its $35 million (Schlesinger 74). In addition, among the Bank’s functions was to hold all government money, sell all government bonds, and make commercial loans. However, no voters could dictate its policies or reign in its power, due to its privately owned status (Roughshod 2). Finally, the government also allowed bank notes to be used as payment for taxes.

The twenty year charter placed on the First Bank of the United States was done to quell/mitigate the worries of many Americans that a national bank was unconstitutional and would provide too much power to the central government, because once the twenty year period is up, the American people and congress can evaluate the bank’s performance and decide if it served all of its purpose accordingly, and if not, they could choose to not renew the charter for the bank. This exact mechanism/method of mitigating corruption was placed on the Second Bank of the United States, and at the end of its twenty year charter, it was clear that the bank had served to regulate and stabilize the United States’ economy by providing loans to citizens to start businesses, farms, plantations, providing opportunities for international investments and profits; which all served to strengthened the national economy and defense of the

The issue begins with campaigning. A candidate needs money to run a campaign—especially in congressional and presidential elections, which is why the problem is (thankfully) mostly confined to campaigns at the national level. This money needs to come from somewhere, obviously, but the only way to get the money necessary for television ads, billboards, and the like, is to convince absurdly wealthy people and corporate entities to donate it. Naturally, these people will not donate their millions without incentive, which is where the danger lies. Candidates make promises concerning future policies in an effort to court donors, and,

State government should focus on making limitations for interest groups spending in the campaign contribution in legislative session. A lobbyist spending in food or extra curriculum activities are never revealed whether it is for right cause or not. 1 “To know that, you have to know whom they were entertaining and then watch that beneficiary’s votes, debates and other actions”. (Ramsey, 1) All the financial activities carried by the lobbyists should be clearly monitored by the government.

In America, we pride ourselves on being a democracy and having choices, when in fact, it is only a political illusion. In the Constitution of the United States (which we are all held accountable to abide by), it states that we are a republic with regard to the people’s desire to be a democracy, yet there is much evidence that leans towards America being an oligarchy. While a republic is a country which elects representatives to make government decisions on their behalf, an oligarchy is a system in which a small group of people controls the country. The debate of American being an oligarchy assumes that elites have power in many aspects of government, such as the Electoral College and the election process,

Vladeck (2002, para.14) addresses the issue of monetary power and its impact on universal health care coverage in the United States further pointing out that while politicians in the United States were able to succeed without huge electoral support, they couldn’t succeed without money behind them. As industry began to grow in the United States and contracts came up for large infrastructure projects such as the railroad, building canals or bridges and mining, the concept of political donations in return for lucrative contracts began to get established. Vladeck (2002, para16) also points out that wealthy groups and individuals have always been

Oligarchy is the practice of a small group of people governing the states.1 Democracy is a system of government by the whole population, or all the eligible members of a state.2 The word Democracy comes from two Greek words, demo, which means people, and kratos, which means power, literally translating into the power of the people.3 The main influential form of government in the United States ¬¬¬was democracy. Democracy was created by a magistrate in Athens named Solon in an attempt to ease social tensions between the poor and the rich citizens in Athens. The Athenians as a whole appointed Solon, who was appointed the task of easing tensions and created laws based on balance, justice and good order, which gave power to the

American government corruption is no doubt on the rise and big businesses love to take advantage of that. Many companies will look to ‘pay off’ or support a politician in their election in order to get their vote in the passing of bills or other things that may benefit their company and gain power over the government. For example, Tom Cobett, the “fracking-friendly former pennsylvania governor,” as called by Jon Schwarz from The Intercept, accepted around $1.7 million from oil and natural gas companies and he proceeded to pass or support several issues that helped those companies.

Unlike the familial definition of an oligarchy, the United States is ruled by the majority race. It is however, a small group of the majority who have a say in the decision making process. America is a democracy but it has some underlying characteristics of an oligarchy. For instance, the wealth is unequally distributed. The top 1% hold more wealth than the bottom 99%. Similarities in ethnic and racial tensions seen in South Africa and in the Philippines in respect to ethnic hatred are also relevant within America’s society. The wealth disparity has set a precedent for how people react and respond to poverty and other social issues that they believe stem from poverty, most captivatingly violence and crime. The same issues are common in the Countries listed above. Wealthy individuals and organizations representing business interests have substantial political influence, while average citizens and mass-based interest groups have little to none. Under a democracy, which means the rule of the people, Americans do employ rights such as voting, freedom of speech and serving on a jury duty as civil responsibilities. Democracy can also be defined as: a system of government by the whole population or all the eligible members of a state, typically through elected representatives. Although, we as Americans employ the right to vote for elected officials, the candidates are often of the top 1% who hold the wealth and

The government in the United States supposedly revolves around American ideals such as equality and diversity; however, this is simply not the case as perpetuated by class inequalities. The meaning of democracy has been skewed in the United States to represent something entirely different than it did in 1776. Today, American democracy behaves more like an aristocracy, where the upper class exercises power within the government and state, influencing discourse and therefore the laws and resources in our country, which are purportedly “for the people”. Democracy is presumed to provide everyone with equal political power, but the government in today’s America, although seemingly following this ideal model, does not. Instead, the elite upper class has a monopoly over the political influence and are the sole benefactors from public policies due to their influence over the policy making process. The upper class has an overall benefit from class inequality, as it greatly impacts American ‘democracy’ through the significant power gained through money and status, leadership roles that impact government, and the influence in the policymaking process that creates upper class advantages.

I do not know why they even sent the bill to me; my opinion about the bank has been known widley for some time now I feel that, “If congress has the right under the Constitution to issue paper money, it was given them to use themselves, not to be delegated to individuals or corporations” (https://prof77.wordpress.com/the-20/the-international-bankers-famous-quotes-about-international-bankers/). I have assumed for some time now that getting rid of it could only cause good, considering that it the government’s power needs lessened. I vetoed the bill and immediately sent it to Congress. I begined it in the most dignified way I could without being rude, ““The bill " to modify and continue " the act entitled "An act to incorporate the subscribers to the Bank of the United States " was presented to me on the 4th July instant” (http://avalon.law.yale.edu/19th_century/ajveto01.asp). It was not till later in that document that I expressed my whole

The power elite is able to exert power over society. The power elite’s control over politics demonstrates how inequality is functional. This validates the class-domination theory of power, which is distributed based on economic power. By controlling economic resources, the power elites political influence in government shapes law and those involved in government to the power elites benefit. In today’s American society these laws have impacted both the corporate community and the elite. Furthermore, the author’s portrayal of the elite displayed how the elite have control concerning choices in government policies, elections, and laws.

Churchill’s claim that “democracy is the worst form of government except all the others that have been tried” is deliberately provocative and intended to challenge the reader’s simplistic ideal that democracy is without faults. There are an estimated 114 democracies in the world today (Wong, Oct 3rd lecture). A figure that has increased rapidly in the last century not necessarily because democracy is the best form of government, but primarily for reason that in practice, under stable social, economic and political conditions, it has the least limitations in comparison to other forms of government. Be it the transparency of a democratic government or the prevalence of majority rule, all subdivisions of democracy benefit and hinder its