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.
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.
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