The Importance Of Oligarchy In America

As the 2016 United States election is fast approaching, the debates on wealth inequality has once again captured the public’s attention. The society is divided in its opinion of whether the government is responsible for allowing the leading financial institutes and business tycoons to accumulate their affluence within a lax regulatory environment. Others argue that the imbalance of income distribution between the rich and the poor are just simply part of the capitalism package. In order to understand the roots of wealth inequality and to review some of the key concepts that are fundamental to these discussions, former Reuters editor Chrystia Freeland’s "Plutocrats" is a riveting account on the rise of plutocracy.

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.

The United States is no longer the democracy it stands for. Democracy stands for a government controlled by the majority of the population. The United States is no longer controlled by the majority. America is controlled by the powerful corporations and rich elite. The combination of an uninformed, disinterested public, a flawed election process, and an economy controlled by 1% of the population have all led to the formation of the American Oligarchy.

Since the beginning of civilization, unfortunately, there has always been some type of ranking when it came to social status. Usually, there was a small group of wealthy elites who ran everything, and then there was the large group of people who were not rich. One would think that the rich would take care of the poor, but often times the rich kept to themselves and let the poor suffer. This can be seen all over history from the time of the Egyptians to the feudal system of the middle ages, to even more current times.This holds true when diving into the 1800 and 1900’s. One would see that like there were very few social elites and a plethora of people who were not wealthy by a stretch. There were times when the rich would participate in activities that would make it seem like they were helping the poor when in actuality they were not doing the slightest. An example of this can be seen in Andrew Carnegie's “The Gospel of Wealth.” In “The Gospel of Wealth” Carnegie explains what one should do to help society and the poor, but what it is is a way for the wealthy to feel better about themselves.

According to Henslin (2015), “Weber illustrates, a large group of people who rank close to one another in property, power, and prestige; according to Marx, one of two groups: capitalists who own the means of production or workers who sell their labor” This is a dynamic that should be working currently in American society. However, in the past three decades there has been a gap between the poor and the not very rich. This gap has not happened by itself. According to Reich (2015), in the movie Inequality For All, “…the all

There is no doubt that wealth inequality in America has been escalating quickly; the portion of total income earned by the top one percent has doubled since the beginning of the 1970’s. The wealthy are the main beneficiaries

The gap between the upper class and the lower class is growing; the rich are getting richer and the poor are getting poorer. Instead of helping the lower class, the upper class is spending their money on fancy houses and material objects. For example, in the outskirts of cities, the rich business owners are building large mansions to live in. On the other hand, the lower class live in tiny tenements in the heart of the city. Many are unemployed and starving. In addition, between 1865 and 1900 only a small percent of Americans grew wealthy showing that wealth is only being passed through families not gained. However this growing gap between rich and poor has allowed the growth of the middle class. This middle class made up of doctors, lawyers and other will help the will hopefully help lessen the gap between

. In the Gilded Age the economy was dominated by the wealthy corporations, “And so it went, in industry after industry---shrewd, efficient businessmen building empires, choking out competition, maintaining high prices, keeping wages low, using government subsidies” (Zinn 257). This is seemingly what is happening again in the 21st century; the level of inequality has peaked once more with, “…inadequate wages, poor social mobility, lack of access to universal healthcare and basic social safety nets, limited labor rights and attacks on unions, a tax system that benefits the rich in general and unearned wealth in particular” (Morning's Minion

A brief look at history validates that an income inequality gap between the wealthy “haves” and those viewed as “have-notes” has existed for hundreds of years. Consider for a moment the French revolution that occurred during 1789. Prior to this event, French society consisted primarily of three estates made up of the clergy, nobles, and those viewed as the common people. Individuals could not move up the social ladder as access to those positions and their related privileges were determined by birth. Government policies such as the assignment of taxes based on the inequality between the estates were

During the gilded ages, the overall wealth distribution was immensely divided, separating the rich from the poor more than ever. USHistory.org has published many different articles about this tiem period many being specifically on the Gilded Age and in one of these articles it is stated that “New technologies and new ways of organizing business led a few individuals to the top. The competition was ruthless. Those who could not provide the best product at the cheapest price were simply driven into bankruptcy or were bought up by hungry, successful industrialists,” This shows how easy it is for the rich to get richer by simply organizing their companies so they can produce a lot for a little, dividing the population into the two groups so easily

Capitalism has been the central force behind the growth of the United States’ progressive economy. Within such advanced economic system the chances of economic disparity are significantly high. In fact, over the past three decades there has being a steady increase in unequal wealth distribution among the economic classes. To sustain the current unequal wealth distribution among the classes of the American population, there are numerous factors that influence and shape this trend. For some members of the population it is alarmingly disturbing to know that recent statistics have shown that, “In the US [alone] the wealthiest 1% of its population owns more than the bottom 95 %” (Gutman). As for the difference in economic wealth, it resulted

As long as it has been in existence, society has always been fractured into social classes, the very rich and the very poor. I see within our society the chasm growing by the year. The proletariat, boxed into cramped houses, while the bourgeoisie reside in mansions that jut up towards the sky touching the clouds. The rich, who control mostly everything in todays age, capitalize on those less fortunate than themselves and bask in the ignorance of the lower class. It is painful for myself to see the common worker, the average person, being taken advantage of and not even knowing his rights against such things.

Income inequality is a phenomenon that is undeniably real in our current world, and more specifically, the present United States. Canon describes how the gap between the elite and the poor has been consistently growing for many years and continues to widen (189). Whether the differences between the top and the bottom are a threat to current society is another story. Does income inequality undermine a democracy? Ray Williams argues that societies are strongest when they have a higher rate of equality while George Will challenges that inequality is the very basis of what make democratic processes. A. Barton Hinkle takes a Libertarian approach to the idea that inequality is threatening to democracy and how it can be fixed. Some threats that each article addressed were economic impacts, civility, and fairness. Overall, there is a definite need to evaluate whether the United States democracy is being threatened due to the continuous rise of the elites and the fall of the working class.

Inequality in the society has been an issue since the history of the universe and as we think we are bridging the gap between the rich and the poor we always find out that it is as a wide as it was. The poor will always exist in the society as the inferior group while the rich are the superiors who control various aspects and sectors of the society.

Wealth has affected american society and evermore has affect the fabric of families. Has the distribution of wealth gotten so out of control that the effect will reverberate for generations to come and as a society can we do something about it.