Wealth and Democracy. By Kevin Phillips. (New York: Broadway Books, c. 2002. Pp. vii, 422. ISBN 0-7679-0533-4.) Wealth and Democracy clearly illustrates and emphasizes the importance of Democracy being endangered. The author Kevin Phillips, America’s leading political analyst since 1968 and a graduate of Harvard Law School appears very informed and credible. Wealth and Democracy outlines and explains the politics of the second half of the 20th century. In this book Phillips primarily explores how the rich and politically powerful often work together to create and continue to take advantages at the expense of the national interest, the middle class, and the lower class. The book contains several interesting chapters on history and an analysis of present-day America that reveals the dangerous politics that go with the concentration of wealth. Finally, Phillips gives warnings of new radicalism and argues that the corruptions of wealth and power are destructing the United States. Wealth and Democracy examines the history of Britain and other leading world economic powers to point out the symptoms that signaled their declines such as speculative finance, increasing international debt, record wealth, income and unsatisfying politics. Many of the signs that led to the decline of Britain were noticeable signs in America as it entered the twenty-first century. One might be surprised at the way Phillips emphasizes the despiteful practices of the rich considering his republican background. However, due to Phillips increased knowledge of the GOP (Grand Old Party; the first Republicans) He has concluded Republicans economic polices and biases of the 1990s and early 2000s betray the legacy of who He considers the two greatest Republican presidents, Lincoln and Teddy Roosevelt. Wealth and Democracy performs a splendid job of convincing one that democracy is endangered and that the practices of the rich and those in power can be deceitful. For the most part the book is easy to follow, fairly organized and has an exceptionally good index. However Phillips could have done better when making references to his previous works because they are confusing and unclear.
In American Colossus: The Triumph of Capitalism, 1865 - 1900, H.W. Brands worked to write a book that illustrates the decades after the Civil War, focusing on Morgan and his fellow capitalists who effected a stunning transformation of American life. Brands focuses on the threat of capitalism in American democracy. The broader implications of focusing on capitalism in American democracy is the book becomes a frame work based on a contest between democracy and capitalism. He explains democracy depends on equality, whereas, capitalism depends on inequality (5). The constant changing of the classes as new technologies and ways of life arise affect the contest between democracy and capitalism. By providing a base argument and the implications of the argument, Brands expresses what the book attempts to portray. Through key pieces of evidence Brands was able to provide pieces of synthesis, logical conclusion, and countless
Roland Marchand has discussed “The Parable of the Democracy of Goods” in his article, “The Great Parables”. , The inequality between the wealth and the poor did bring the problem of egalitarianism. As before, the wealth all-time favorites are to spend their fortunate and enjoy the personal luxury pleasure with someone serving in a huge house. To mirror the inequalities between middle and upper class could be done by equal the consumption level. Moreover, the democracy of goods is promise the consumer equality with royalty through consumption, and through celebrity endorsement to tell people this is the luxury you can afford and enjoy. However, democracy means you have the right to chose and elect, and make you own decisions. These goods are
1. Janda, Kenneth. The Challenge of Democracy. Houghton Mifflin Co. Boston, MA. 1999. (Chapter 3 & 4).
To some, "capitalistic democracy" conjures up the picture of a utopia where the free market is accompanied by individual liberty and social justice. To others, however, the term is more like a paradox—despite tremendous economic power, the advanced industrial nations are not immune from the evils of socio-political inequality as well as economical disparity. Amongst the capitalist democracies of the world, it is an established and well-known fact that when compared with the advanced industrial countries in Europe, the United States has the worst condition of economical-political inequality and social injustice. Its government is the least progressive, and its social inequalities the most deplorable. To explain the condition in the U.S. today, both the universality of capitalistic democracies and the peculiarities the American system employs—as well as this system's political and historical development—must be examined and explored.
Reiman, Jeffrey. The Rich Get Richer and the Poor Get Prison, Sixth Edition. Boston: Allyn and Bacon, 2001.
This Journal entry by Plattner, just like Fukuyama’s, He defines the meaning of Democracy and explores its relationship with the democratic system. But unlike Fukuyama’s entry where he is not in favor of democracy, Plattner in his defined both democracy and governance in an unbiased point of view. Although he adds on his personal views, his unbiased statement is prevalent which makes his entry a good source of reference because he not only provides information but because of his purely formal way of studying democracy and its relationship towards governance and which serves as a guide to an unbiased
Smith, Noah. “How to Fix America's Wealth Inequality: Teach Americans to Be Cheap.” The Atlantic. Atlantic Pub., 12 March 2013. Web. 06 April 2014. .
There is a problem in the United States that is growing and is causing issues in our country, but not everybody knows about it. The problem is the distribution of wealth in our society and the world as a whole, and how it is getting worse. Some people would say that it is an inequality due to the needs of the society, while others would say it is to the needs or individuals. This causes even more problems because of there being more than one supposed reason for the issue at hand. The problem is that the distribution of power is possibly starting to be lopsided, and for many reasons. There are two main views of why this is happening, the functionalist perspective and the conflict perspective, and they differ in many ways on what is wrong, why it is wrong and what to do about it.
Accurately established by many historians, the capitalists who shaped post-Civil War industrial America were regarded as corrupt “robber barons”. In a society in which there was a severe imbalance in the dynamics of the economy, these selfish individuals viewed this as an opportunity to advance in their financial status. Thus, they acquired fortunes for themselves while purposely overseeing the struggles of the people around them. Presented in Document A, “as liveried carriage appear; so do barefooted children”, proved to be a true description of life during the 19th century. In hopes of rebuilding America, the capitalists’ hunger for wealth only widened the gap between the rich and poor.
Divisions within the social stratum is a characteristic of societies in various cultures and has been present throughout history. During the middle ages, the medieval feudal system prevailed, characterized by kings and queens reigning over the peasantry. Similarly, in today’s society, corporate feudalism, otherwise known as Capitalism, consists of wealthy elites dominating over the working poor. Class divisions became most evident during America’s Gilded Age and Progressive era, a period in time in which the rich became richer via exploitation of the fruits of labor that the poor persistently toiled to earn. As a result, many Americans grew compelled to ask the question on everyone’s mind: what do the rich owe the poor? According to wealthy
Reich, Robert B. “Why the Rich Are Getting Richer and the Poor, Poorer.” A World of Ideas:
Throughout American history, wealth inequality has taken many different forms, and has affected many people and groups in different ways. In the following analysis, two measures of 'wealth inequalities' will be used. First is a more traditional view, regarding the distribution of income and wealth among the upper to lower classes. The size of the gap has varied over time, widening and compressing throughout American history. While America has been thought of as a middle class nation, this is a fairly recent phenomena that began after World War II. In this context of today, this idea appears to be fading as wealth is becoming more concentrated towards the upper classes. Additionally, these effects of both the concentration and equalization of income distribution can differently affect groups of people.
Reich, Robert. “Why the Rich Are Getting Richer and the Poor Poorer.” The Work of Nations.
William Domhoff’s investigation into America’s ruling class is an eye-opening and poignant reading experience, even for enlightened individuals regarding the US social class system. His book, Who Rules America, exploits the fundamental failures in America’s governing bodies to provide adequate resources for class mobility and shared power. He identifies history, corporate and social hierarchy, money-driven politics, a two-party system, and a policy-making process orchestrated by American elites amongst a vast array of causes leading to an ultimate effect of class-domination theory pervading American society. In articulating his thesis and supporting assertions, Domhoff appeals rhetorically toward an audience with prior knowledge of America’s
...ss Revisited â Growing National Income Does Go with Greater Happiness - Springer. N.p., 01 Oct. 2003. Web. 01 Apr. 2014. .