Wealth and Democracy
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? Interview by David Barsamian.
Kevin Phillips was chief political analyst for the 1968 Republican presidential campaign, which culminated in the victory of Richard Nixon. Phillips also was partly responsible for the design of the Republican “Southern strategy,” which transformed the once Democratic South into a Republican stronghold. In 1969 he wrote The Emerging Republican Majority. His politics have evolved over the ensuing decades. He is the author of many books including American Theocracy and Bad Money.