Wealth and Democracy
Program #PHIK001. Recorded in Boulder, CO on June 26, 2002.The French have a theory that behind every great fortune lies a great crime. The recent corporate crime wave certainly lends credence to that idea. Corporations & the individuals who own them use their money and power to exert an inordinate influence on national politics, thus undermining democracy. Rather than government of, for and by the people we are becoming a plutocracy: government of, for and by the rich. The excesses of the wealthy have led to an arrogance of entitlement, which has led to the downfall of many great powers in the past. Will the United States be an exception? Interviewed by David Barsamian.
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