Jane Mayer Quote

Liberal critics, like the New York Times columnist Paul Krugman, a Nobel Prize–winning economist, worried that the country was in danger of being transformed from a democracy into a plutocracy, or worse, an oligarchy like Russia, where a handful of extraordinarily powerful businessmen bent the government into catering to them at the expense of everyone else. We are on the road not just to a highly unequal society, but to a society of an oligarchy. A society of inherited wealth, Krugman warned. When you have a few people who are so wealthy that they can effectively buy the political system, the political system is going to tend to serve their interests.