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The mainstream German Magazine Spiegel asks, has the US mixed Economy turned into an Oligarchy?

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Democrats Ramshield Donating Member (90 posts) Send PM | Profile | Ignore Wed May-09-12 10:58 AM
Original message
The mainstream German Magazine Spiegel asks, has the US mixed Economy turned into an Oligarchy?
Edited on Wed May-09-12 11:00 AM by Democrats Ramshield
Written by an American expat living in the E.U. (who holds a M.B.A. degree). This diary is a review of the Spiegel article entitled "Has America Become an Oligarchy?" from the perspective of a business librarian.
My email is: democratsramshield@yahoo.com

Spiegel quote: 2002 and 2007, 65 percent of the income gains went to the top 1%



Spiegel quote: Indeed, if you look at the reports it compiles on every country in the world, even the CIA has concluded that wealth disparity is greater in the US than in Tunisia or Egypt.


Late last year this mainstream German news outlet asked, has America become an Oligarchy?Has America stopped being a mixed economy?

Spiegel quote: "A generation ago, the United States was a recognizable, if somewhat more unequal, member of the cluster of affluent democracies known as mixed economies, where fast growth was widely shared. No more. Since around 1980, we have drifted away from that mixed-economy cluster, and traveled a considerable distance toward another: the capitalist oligarchies, like Brazil, Mexico...


Clearly, the subject matter presented by the article asking if America has turned into a Oligarchy is not news to American elites, who in fact not only know all about it already, but the truth be known simply put they like it that way. The Spiegel article which may be shocking to the sensibilities of the American plutocrat owned media correctly portrays an American society which has become essentially speaking depoliticized, wherein elections have become by way of sophistry a meaningless public relations extravaganza that has been bought by private capital in support of a legalized robber baron system of theft.

(Cross posted by Democrats Ramshield from the Daily Kos. Please click on the link below to read the rest of this article. Thank you.)

http://www.dailykos.com/story/2012/05/09/1089659/-The-m... -

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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-09-12 11:18 AM
Response to Original message
1. Oligarchy or plutocracy. I think we have a plutonomy, as
wealth outweighs any puny vote to which the populace is entitled. So "ocracy" is nowhere near as important as "onomy."
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madfloridian Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-09-12 11:33 AM
Response to Original message
2. Recommended there and here.
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tnlefty Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-09-12 10:54 PM
Response to Reply #2
3. Hey mad!
Rec'd here and it's good to see you! :hug:
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madfloridian Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-10-12 12:19 AM
Response to Reply #3
4. Feeling is mutual.
:hug:
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