As income distribution has grown increasingly unequal, the economic power of the richest has translated directly into increased political power. Elites have managed to capture our democratic systems. We can see this particularly clearly in the United States, where corporations have the right to spend unlimited amounts of money on political advertising, and where there are few restrictions on donations to political parties. These measures – justified according to the principle of ‘free speech’ – have made it difficult for politicians to win elections without direct support from corporations and
...more