Wealth And Power In America Essay

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We live in a society that feeds off of government bullshit. Capitalism is an economic system characterized by private ownership of the means of production, person profit, and competition. Essentially America is of, by, and for the rich. America preaches about being a democracy but a democracy is defined as a political system that is of, by, and for the people. This is why wealth and power in the government is a major problem and it causes bias in the system. This paper will discuss wealth and power in the system. I will also discuss the basics of capitalism and the concentration of wealth.As well as why corporations want to dominate the government. Lastly I will explain what plutocracy and how we have it in our society. First in order for a economy to be a pure capitalist economy there needs to be three conditions present. First there was to be private ownership of the means of production. Second there needs to be personal profit. Lastly a pure capitalist government needs to have competition. America is not a pure capitalist society but it is a mixed economy. The U.S economy is dominated by large corporations which is now affecting and disrupting our economic system. Monopolistic capitalism is a form of capitalism. The term monopolistic capitalism refers …show more content…

“The domination of the U.S. economy by large corporations results in the undue concentration of wealth among a few corporations and individuals”. An example of this would be in “2015 Apple posted record high cash and investments of more than $200 billion”. To look at this in perspective that would be enough money to give every since American in the United States $636. The Walmart family are a combined worth of $100 billion in 2013 which is more wealth than the bottom 40 percent of Americans. Now they are worth even more and continue to gain more and more wealth. Companies that make too much money are horrible for our economic system and they dominate

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