More than a Bit of an Oligarchy

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In principle, every American citizen has an equal say in our political process. In practice, of course, some of us are more equal than others.

Billionaires can field armies of lobbyists; they can finance think tanks that put the desired spin on policy issues; they can funnel cash to politicians with sympathetic views (as the Koch brothers did in the case of Mr. Walker).

On paper, we’re a one-person-one-vote nation.

In reality, we’re more than a bit of an oligarchy,

in which a handful of wealthy people dominate.

-Economist P. Krugman, Feb. 2011