The Concentration of Wealth leads to the Concentration of Power / by kevin murray

America likes to talk about how it's a democracy, one person, one vote, no matter how rich or how poor you are and while it's true that some people, typically poor, typically of color, often find it more difficult to actually even register to vote, there aren't prohibited by law from registering or thereby voting.  This would seem to mean, that just based on sheer numbers, in which in America, according to the dailykos.com the bottom 50% of Americans own just 1.1% of the total wealth in America, that those people, more than any other people, would want policies in place in which their democratically elected representatives would help to ease such a wide discrepancy in income, but in fact, over the last two decades, the bottom 50% have seen their wealth eroded from just 3% of total wealth to that 1.1%  as of 2010.

 

In America, according to thenation.com, "20 People Now Own As Much Wealth as Half of All Americans", as well as "the 400 richest Americans now have more wealth than the bottom 61 percent of the population."  This demonstrates without any doubt whatsoever, that America is a country with a very high concentration of wealth, which still for many Americans, seems to be something that they are okay with, as in theory, America is a capitalistic and meritorious country.  However, something is rotten in the state of America, because with wealth in so few hands, this would indicate beyond a shadow of a doubt that this country is in actuality, unfair, unjust, underhanded, unprincipled, uneven, and fundamentally un-American.

 

The thing about wealth, for most people that have wealth, is that they often have little or no interest in sacrificing any of the wealth, to the greater good, or even if they set up foundations to, in theory, benefit the masses, these foundations are still whether literally or by proxy, controlled by the wealthy and/or surely in lockstep with what the wealthy desire.  In addition, governments need money to effect their policies and wealthy people have the most money, to which, wealthy people prefer to be able to disburse their funds to as few hands as possible so as to concentrate their wealth only into the pockets of those that can directly or indirectly benefit them and the policies desired.  So too, for governmental employees and policy makers, they prefer not to have to deal with all sorts of intangibles, so instead, the laws are written or interpreted in such a way so as to favor a few at the expense of the many, so that these governmental servants will serve their wealthy benefactors, and, of course, keep the revolving door activated, so that no matter which side they currently reside at, each side benefits in their symbiotic relationship.

 

Those that have a lot of money aren't interested in a democracy or even a republican form of government, they are interested only in seeing that their wealth is both protected as well as benefiting specifically from governmental policies, which often is accomplished in situations in which government and the wealthy, are essentially combined into a plutocracy, disguised as a democracy.  Those that are employed on the governmental side recognize that in order to remain in power, they must satisfy their constituency, which rather than being the people as a whole, are those that directly or indirectly place them and reward them in their current positions.

 

Wealth only leaves the hands of the wealthy, when it is disrupted or dissipated, and that only occurs thru losing favor with others of their ilk or supervision, unwanted war, incredible incompetency, or through taxation.  By virtue of concentrating power in the hands of the few and well placed, the wealthy maintain control of their collective taxation fate as well as industry practices, thereby maintaining and sustaining their wealth, at the expense of the people, while making sure to provide to their loyal and dedicated governmental enablers the tributes of money, praise, and respect.