Lesson 2: Plutocracy’s Deadly Cruelty
Many Americans recognize that their government does not represent them. Political scientists have shown that we live in a vastly unequal society where the wealthiest individuals and large corporations control not only the economy, but the political system as well. When the policy preferences of the superrich diverge from the rest of the population, those are the policies typically implemented. Though it possesses some essential elements of a democracy, the US political system often operates as a form of plutocracy. However, discussions of politics tend to explore the surface phenomenon of Democratic and Republican politicians’ approaches to social issues like the pandemic. Seldom does the public hear serious discussion about how political decisions reflect the dynamics of a profit-maximizing economy and the priorities of the wealthy elites that control both parties.
Many crises facing society can be explained simply by reference to the economic goal of profit maximization. When greed is an economy’s central organizing principle, it means that financial self-interest is pursued even at the expense of diverse public interests…
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