Thanks for watching. If you found this video informative, be sure to also watch our video on 10 ways to save American democracy: th-cam.com/video/3OUbWJrbzog/w-d-xo.html
Close enough. If the typical citizen has no influence and government serves the best interest of an elite then that can only mean one thing. America is not an oligarchy. It is however, the next worse thing, a plutocracy. Unlike systems such as democracy, capitalism, socialism or anarchism, plutocracy is not rooted in an established political philosophy. If Elitism is running the show then we the people must fight for the opposite, Egalitarianism.
This is an excellent explanation of how our system currently works and how some great leaders of the past (Teddy Roosevelt and Franklin Roosevelt) prevented the United States from becoming or remaining an oligarchy. We desperately need that kind of leadership again.
@Joel DeWitt not if government working against power and wealth concentration by a few. What's the difference between oligarchy and dictatorial government if they work for their own interests?? None. At least we have the power to make sure our government work for us through democracy. We can't do the same for oligarchy.
My father taught me at an early age the golden rule; "He who has the gold, makes the rules." I've only known America as an oligarchy. It would be nice if politicians cared about and listened to average Americans.
Almost shocking, but some do. Check Elizabeth Warren as one obvious example. There are quite a few others, too. Unfortunately, and partially conceding your point, they are far too few.
Unfortunately, I was taught the same and it's ashamed that society is like this way. It's also ashamed for me to think that if Bernie doesn't win the primary that no matter who I vote for (Trump vs "Insert name here") that my vote doesn't matter cause both sides of the aisle is pretty much corrupted. Kinda like "Whoever wins, we lose" (we the people)
One of the problems with this is that those in power have convinced Average Americans to vote against their interests. One of the reasons we have fewer unions than we used to have. Also, convincing workings class white people that minorities are the cause for their problems instead of the rich was a useful trick.
It seems one powerful individual or corporation (because they are now people) can turn the will of the people upside down with PAC/SuperPAC and/or lobbying. We also have to put the onus on the people of the US because we are brilliant when it comes to pop culture and stone stupid when it comes to basic understanding of government and law.
Unfortunately, America has become an oligarchy. Many of our elected officials are not responsive to their constituents, but to the big donors who fund their campaigns. We need campaign finance reform. Thank you, Prof. Reich, for pointing this out.
You should read what some of What his critics have to say too, you know to get both sides you wouldn’t want to be fooled if there is a chance that he’s saying is misleading.
@@markbenoit I'm a capitalist. I just believe that the economy has served a diminishing few at the expense of the growing many. In fact Trump ran on the forgotten man.
@@DV-dt9sq : But the final nail in the coffin was Reagan, with his draconian policies of defunding social programs and creating the corporate welfare state, which has continued until this day. Trump is just Reagan without the acting skills.
Putin is dealing with far lower levels of finance than we are. Fortunately, he is a good manager and puts the protection of his people and their well-being first. With leadership like that and Sergei Lavrov running the Dept. of Foreign Relations, things are getting better and most Russians approve. They are coming at democracy from a different angle (with a vastly different past) and they seem more aware of their true situation than we do.
@Frederic Bastiat The context of the time period between 1860-90 is very different to now. The country was welcoming millions upon millions of immigrants to fuel the economy as cheap labor in the Gilded Age. If you read your own linked article, you'd understand that the wealth was built largely on the backs of cheap immigrant labor who packed the industrial cities and lived largely impoverished lives. Today, we are actively hostile toward immigration unless they are highly skilled (as recently said by Trump). The cheap labor of any future gilded age would largely have to come from within our own ranks, or as has been the case lately, outsourced to where the cheap labor is. In either case, this screws the working class out of good paying jobs because they have to choose between having no job or one with suppressed wages jobs that compete with cheap overseas labor.
Larry Sherk mm finally some fresh propaganda-shades-free perspective on whats going on with russian “democracy” from someone who seems to be located in the western hemisphere. Can I somehow subscribe to your books reviews on amazon ? :)
@@larrysherk Different history, but definitely their own uniquely Russian problems. For instance, Putin has had some trouble easing the tensions between subordinates like Бо́ртников and Кады́ров. It got so bad between them he allegedly just took a vacation until they chilled out.
Rhetoric attempts to use words (and feelings) to argue and persuade because not enough facts (or logic) exist to support what is being said. Rhetoric is not used when the facts are plentiful enough to speak for themselves. You don't have to apply rhetoric (or logic) to convince (or explain) what is already obvious.
I definitely enjoy your videos Mr. Reich. Very informative and out there for Mass consumption. Full of pertinent information that the masses deserve to have. Bravo!
Thank You Robert Reich for your videos of reality. You speak with great volume and more so people should take the opportunity to learn what have to teach. The world would be a Better Place. Thanks ! .
Robert. I would like to say, thank you for this video. Your video has not just helped in my essay about the elite theory, but it also helped me to expand my understanding on the oligarchies, and their role within political and civil society. Thank you again, keep up the good work.
Excellent presentation,simple,clear,direct,it would enable the least educated to understand where the wealth and political power lies. It has the quality of a moral tale of fairness,justice.morality.
Thankful that I’ve discovered your channel and YT body of work! As painful as the recognition of our brutal reality may be I’m glad I get to observe these critical thinking and integration pieces you present. Bravo!
THANK YOU AGAIN ROBERT. Please don't stop. You are at the very least the canary in the coal mine that we need. Your contribution is invaluable. The number of views of this video might not reflect it but it seems like 95% of people I talk to see trump for the destructive effects that he wroughts and want him gone.
Thank you Inequality Media, as Rev. Dr. William Barber always says inequality became again the biggest issue in our nation, and nobody is talking about it! We must make it the most important election issue! And he quotes the statistics about it!
Wow Robert! An artist too?! America needs your knowledge and insight more than ever. I really believe you could make a change. Thanks for all you do. A lifelong fan.
Just looked you up and was happily surprised to see your friendship with Michael Schwerner. That told me a lot about your commitment to fighting injustice.
@@larrynix4977 You completely missed the point. In the 70s the Supreme Court legalized bribery. Now Billionaires buy politicians (including 45) and run our country. 45 is a symptom of what is wrong, not a cure for anything. Same applies to Biden and Pelosi. The enemy isn't liberals or conservatives. It is the greedy rich bastards who use their influence to dictate a tax code that kills the poor and shackles the middle class.
I love this man! Mr. Reich, you bring such important topics to the average person, and you synthesize them so well. What will it take for Americans to understand?
Agree. It's going to be a hard road ahead. Wrestling the political power and wealth free will take close to a revolution to accomplish. Who can unite the people like FDR did to spearhead the movement?
Thank you for your service to this great country Mr Reich. You and your team are hero’s. You give me hope we may yet save this country from the immoral, the corrupt, the inept & the stupid...
The best way to describe the situation is of a nation-state where oligarchy (often international power and money) operates outside democracy but with enormous impact on it. Joe Foweraker's recent book Oligarchy and the Americas compares oligarchies in the US with those in Latin America.
Thanks for the info Frederick, appreciated. I knew some of this, not all. And all that sounds great, but as far as I know lot of that quickly deteriorated after they went to war. But also it doesn't matter cos OP said 'fascism' not 'nazism'. Nazism is just one version of fascism which is much broader term.
I agree with first and last paragraph ( don't know much about Von Hayek tho), and I don't have energy to argue against the rest right now. Maybe next week... I'll just say for now, you claiming that anarchy is far right baffles me. I looks like you're rather eloquent so if you don't mind explaning, that would be great. Have a nice day.
I learn so much from Professor Reich. I’m certain we’re an oligarchy. But I’m also very concerned that we are also being moved toward a form of religious fascism. Our democratic republic hasn’t been so imperiled since the civil war.
RR was brilliant in Clinton's cabinet; we need him back in Warren's. Then RR for POTUS. Winner-takes-all is not a formula for long-term prosperity, but it's a built-in defect of capitalism. Enlightened government can mitigate the excesses and keep the engine humming at peak efficiency; see, e.g., FDR.
Bob, we need you to step up and run for president....you have a deep skill set, knowledge, and great speaking skills--and can bring people together with your ability to work with the other side of the aisle. Please give this real consideration.
4c1dr3fl3x I’m sorry if I appear ignorant, but is your comment referring to an actual book, or, are you being facetious? If it’s an actual book, who is the author, please? I’ve googled and gotten nowhere.
Mr. Reich, I like what you say. I think that we need a new vision. I am backing Andrew Yang. I think his ideas about the future and what is coming are very important. He is the future if America is to survive as a democracy. "By the people, for the people, with liberty and justice for all".
Great presentation, most informative. It would have been interesting to include the original sins of genocide and enslavement into this discussion, and how theae factors influenced the "development" of the US.
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” like Mr. Ford once said
Ill tell you what I think Bob... I say we have to come to our senses and get rid of capitalism, rather than repeating history again and again, in this never ending class war!
I’ve felt this way about our system for so long, but didn’t know the word for it!! My mind is blown to visually see what I’ve been seeing if that makes sense lol.
Elizabeth Warren has called for a wealth tax on all accumulated wealth over 50 million dollars. I support this idea, it is the same thing as the property tax most of us pay on our homes . . . so it is a fair thing to do. However I would go further than Elizabeth Warren by supporting a wealth cap at 50 million dollars. The wealth cap would forever eliminate the oligarchy and prevent our grand children from having to deal with this problem again in another 100 years.
Interesting viewpoint. I disagree with the premise that one person's vote has no importance. What we have today is what we want. If we want something different we can have it. "WE" is what matters in the United States. Very well done presentation.
Bernie 2020 is our only hope to fight the corruption and return the power to the people. We need better education funding, better health programs and more public works. I’m a conservative and I recognize this.
I have been preaching that the US is a plutocracy for the past four decades, after Carter left office. Being that I am not a professor , heck I don't even have a high school diploma , what is the objective difference between a oligarchy and a plutocracy? Thanks in advance , preach on brother Robert 🤙✊
Prof. Reich, is there any chance of you and Prof. Wolfe having a discussion or debate on practical economics? I have learned a lot from both of you and respect you both.
Thanks for watching. If you found this video informative, be sure to also watch our video on 10 ways to save American democracy: th-cam.com/video/3OUbWJrbzog/w-d-xo.html
Oligarchy bad. Choose Communism ☭. YAY MY FAVORITE COMMIE MADE A NEW VIDEO!! ❤️❤️😍
Over half a million people homeless in this country. And more destined to be homeless. And we ask if America is an oligarchy. The answer is yes
Close enough. If the typical citizen has no influence and government serves the best interest of an elite then that can only mean one thing. America is not an oligarchy. It is however, the next worse thing, a plutocracy. Unlike systems such as democracy, capitalism, socialism or anarchism, plutocracy is not rooted in an established political philosophy. If Elitism
is running the show then we the people must fight for the opposite, Egalitarianism.
Tech Oligarcs: Alphabet, Amazon, Facebook, Twitter, Microsoft. All Democrats🤔
Sir you need to be the next President. Thank you for your insights.
This is an excellent explanation of how our system currently works and how some great leaders of the past (Teddy Roosevelt and Franklin Roosevelt) prevented the United States from becoming or remaining an oligarchy. We desperately need that kind of leadership again.
Bernie 2020!
@Jonssoni921, you are exactly right. The Roosevelts cared more for their country than they cared for their own personal interest.
Bernie is the only one that could do it again!
@Joel DeWitt So what? Every year, new terms emerge *to illustrate our reality* . What's your point?
@Joel DeWitt not if government working against power and wealth concentration by a few. What's the difference between oligarchy and dictatorial government if they work for their own interests?? None.
At least we have the power to make sure our government work for us through democracy. We can't do the same for oligarchy.
My father taught me at an early age the golden rule; "He who has the gold, makes the rules." I've only known America as an oligarchy. It would be nice if politicians cared about and listened to average Americans.
Almost shocking, but some do. Check Elizabeth Warren as one obvious example. There are quite a few others, too. Unfortunately, and partially conceding your point, they are far too few.
Unfortunately, I was taught the same and it's ashamed that society is like this way. It's also ashamed for me to think that if Bernie doesn't win the primary that no matter who I vote for (Trump vs "Insert name here") that my vote doesn't matter cause both sides of the aisle is pretty much corrupted. Kinda like "Whoever wins, we lose" (we the people)
One of the problems with this is that those in power have convinced Average Americans to vote against their interests. One of the reasons we have fewer unions than we used to have. Also, convincing workings class white people that minorities are the cause for their problems instead of the rich was a useful trick.
It seems one powerful individual or corporation (because they are now people) can turn the will of the people upside down with PAC/SuperPAC and/or lobbying.
We also have to put the onus on the people of the US because we are brilliant when it comes to pop culture and stone stupid when it comes to basic understanding of government and law.
@@dasher607 With your comment I'm starting to think you need to be on the presidential ballot. You have great insight and understanding of life
Unfortunately, America has become an oligarchy. Many of our elected officials are not responsive to their constituents, but to the big donors who fund their campaigns. We need campaign finance reform. Thank you, Prof. Reich, for pointing this out.
I agree with you. The few are forcing poverty on more and more people. 👍👍🥺
Progressive Socialism its called and the Democrats preach this in the government. America is already socialist next is communism.
Yes it is an oligarchy. By definition. I have read much of your work Robert. And really appreciate you.
You should read what some of What his critics have to say too, you know to get both sides you wouldn’t want to be fooled if there is a chance that he’s saying is misleading.
@@markbenoit I'm a capitalist. I just believe that the economy has served a diminishing few at the expense of the growing many. In fact Trump ran on the forgotten man.
Thank you for your videos. Very well researched and presented. Keep up the great work!
You know who he is right?
@Frederic Bastiat :- cut & paste much???
@Frederic Bastiat Wow, another seriously confused comment.
So well researched by using a filter to block all info that goes against what he wants to be true.
Thank you Professor Reich, very insightful. 🇺🇸 🌈😎🤓🌈
@Frederic Bastiat :- cutting & pasting all over this conversation !!!
@Frederic Bastiat Nonsense.
@Frederic Bastiat So you are a Nazi sympathizer? FIGURES.
Oligarchy, it appears so. During the next Washington change we need you back there working for us Robert and to put things back correctly.
Bernie's Treasury Secretary (:
@Ronie Lavon Bullshit.
America has been an Oligarchy since the early 1980s. Ronald Reagan made sure of that.
And before him. Eisenhower, Truman, Nixon, Johnson... ;)
@@DV-dt9sq : But the final nail in the coffin was Reagan, with his draconian policies of defunding social programs and creating the corporate welfare state, which has continued until this day. Trump is just Reagan without the acting skills.
@@danvol3835 : Yes, I agree.
Trickle Down Economics; the monster that just won't die!
That is right. Lower level wages flat-lined in the early seventies. By 1980, businesses saw they were marketing not products but ideas and dreams.
I suddenly see why Donald Trump admires Putin.
Putin is dealing with far lower levels of finance than we are. Fortunately, he is a good manager and puts the protection of his people and their well-being first. With leadership like that and Sergei Lavrov running the Dept. of Foreign Relations, things are getting better and most Russians approve. They are coming at democracy from a different angle (with a vastly different past) and they seem more aware of their true situation than we do.
@Frederic Bastiat The context of the time period between 1860-90 is very different to now. The country was welcoming millions upon millions of immigrants to fuel the economy as cheap labor in the Gilded Age. If you read your own linked article, you'd understand that the wealth was built largely on the backs of cheap immigrant labor who packed the industrial cities and lived largely impoverished lives.
Today, we are actively hostile toward immigration unless they are highly skilled (as recently said by Trump). The cheap labor of any future gilded age would largely have to come from within our own ranks, or as has been the case lately, outsourced to where the cheap labor is. In either case, this screws the working class out of good paying jobs because they have to choose between having no job or one with suppressed wages jobs that compete with cheap overseas labor.
Admires; it's a bromance!!!
Larry Sherk mm finally some fresh propaganda-shades-free perspective on whats going on with russian “democracy” from someone who seems to be located in the western hemisphere. Can I somehow subscribe to your books reviews on amazon ? :)
@@larrysherk Different history, but definitely their own uniquely Russian problems. For instance, Putin has had some trouble easing the tensions between subordinates like Бо́ртников and Кады́ров. It got so bad between them he allegedly just took a vacation until they chilled out.
Top marks, Mr. Reich, for both communication and education. Your videos continue to be very appreciated by me. Please keep up the excellent work!
Thank you for doing what you do!
Thanks for the good references so we can all follow, the best!
Robert inspires me to not give up on this cesspool of a country right now.
Thanks, Robert.
We're sure heading that way. Excellent video, Robert and friends!
"Is America an oligarchy?", is possibly a borderline rhetorical question these days.
Rhetoric attempts to use words (and feelings) to argue and persuade because not enough facts (or logic) exist to support what is being said.
Rhetoric is not used when the facts are plentiful enough to speak for themselves.
You don't have to apply rhetoric (or logic) to convince (or explain) what is already obvious.
Bernie &/or E. Warren POTUS 2020 with Rbt Reich as part of their administration. Then Rbt Reich POTUS 2024. Def got my vote.
Yes! A big HELL YES, and this time they’ve got the damn courts on their side.
I definitely enjoy your videos Mr. Reich. Very informative and out there for Mass consumption. Full of pertinent information that the masses deserve to have. Bravo!
Thank you for the work you are doing to expose our government's corruption!!!
Are you from USA?
@@question7685 Yes
@@question7685 Are you from reality?
You a truly a great teacher. Thank you for sharing your wisdom in such a clear and effective way!
Excellent, professor. Thank you
Thank You Robert Reich for your videos of reality. You speak with great volume and more
so people should take the opportunity to learn what have to teach. The world would be a
Better Place. Thanks ! .
Robert. I would like to say, thank you for this video. Your video has not just helped in my essay about the elite theory, but it also helped me to expand my understanding on the oligarchies, and their role within political and civil society.
Thank you again, keep up the good work.
Excellent presentation,simple,clear,direct,it would enable the least educated to understand where the wealth and political power lies. It has the quality of a moral tale of fairness,justice.morality.
With Bernie the USA will become a democracy once again instead of an oligarchy
Instead of the United States of Koch Bros.
Power to the people ☭!!
@@WindFireAllThatKindOfThing and The Mercers and the Murdochs
Rothschilds and Rockefellers
@Jeff Jones
Why do people have so much hope and faith in political parties and candidates?
Right on Professor; keep it coming. Learning a lot from you.
Thankful that I’ve discovered your channel and YT body of work! As painful as the recognition of our brutal reality may be I’m glad I get to observe these critical thinking and integration pieces you present. Bravo!
America is an oligarchy. Thank you for raising the conciousness of this society.
Thanks for Educating the public school systems no longer teach.
THANK YOU AGAIN ROBERT. Please don't stop. You are at the very least the canary in the coal mine that we need. Your contribution is invaluable. The number of views of this video might not reflect it but it seems like 95% of people I talk to see trump for the destructive effects that he wroughts and want him gone.
Great video as usual Robert! Always excited to see when you post a new video!
I second that. 👍
Wat is your favorite video tho?
I totally agree with your comments. This needs to change.
Thank you Inequality Media, as Rev. Dr. William Barber always says inequality became again the biggest issue in our nation, and nobody is talking about it! We must make it the most important election issue! And he quotes the statistics about it!
a lot of ppl in the media are talking about it under many diff names
You (Robert Reich) have been good to the country and good for your country! Keep the videos coming! Thank you!
Absolutely an oligarchy.
Top 1%=40% of wealth.
How much of the countries wealth does the top 10-20% control?🤔
They control it all
Wow Robert! An artist too?! America needs your knowledge and insight more than ever. I really believe you could make a change. Thanks for all you do. A lifelong fan.
Thanks for your insight and research... Very informative...keep them coming....
Just looked you up and was happily surprised to see your friendship with Michael Schwerner. That told me a lot about your commitment to fighting injustice.
Excellent video - thank you for these brief bursts of clarity.
Thank you for the videos, Robert!
Spot on
Get money out of politics
Or lose it all.
Re elect trump our money is gone
@@larrynix4977
You completely missed the point.
In the 70s the Supreme Court legalized bribery. Now Billionaires buy politicians (including 45) and run our country.
45 is a symptom of what is wrong, not a cure for anything. Same applies to Biden and Pelosi.
The enemy isn't liberals or conservatives. It is the greedy rich bastards who use their influence to dictate a tax code that kills the poor and shackles the middle class.
Thank you Robert Reich, excellent explanation in a historical context...we must protect our democracy
I wish you would run for president Mr. Reich. That's what I think.
In 2016, Robert Reich was on my short list for president (joke totally stolen from... Robert Reich! :-)
I love this man! Mr. Reich, you bring such important topics to the average person, and you synthesize them so well. What will it take for Americans to understand?
We effectively are an oligarchy
THANK YOU!!!, Dr. Reich. Clearly stated and important information.
Agree. It's going to be a hard road ahead. Wrestling the political power and wealth free will take close to a revolution to accomplish. Who can unite the people like FDR did to spearhead the movement?
Bernie
Well that sounds exactly like what's been going on! Thnx for making it so clear!
But the oligarchy has promised us a wall.
How has this not had more views?
2:40 that quote could easily have come from Bernie Sanders 😉
Bernie dropped out unfortunately
Thank you for your service to this great country Mr Reich. You and your team are hero’s. You give me hope we may yet save this country from the immoral, the corrupt, the inept & the stupid...
Thanks for this. Confirms I'm on the right path. Artists for Bernie.🕛
Oligarchy is the title of James O'Keefe's new song.
As always, Robert Reich hits the nail on the head!
Oligarchy? Sadly yes. Keep coming with those super informative videos. Maybe work with represent.us to make some more as well.
The best way to describe the situation is of a nation-state where oligarchy (often international power and money) operates outside democracy but with enormous impact on it. Joe Foweraker's recent book Oligarchy and the Americas compares oligarchies in the US with those in Latin America.
Yes, America is an oligarchy, with leanings of fascism taking root. Thank you Professor.
Thanks for the info Frederick, appreciated. I knew some of this, not all. And all that sounds great, but as far as I know lot of that quickly deteriorated after they went to war. But also it doesn't matter cos OP said 'fascism' not 'nazism'. Nazism is just one version of fascism which is much broader term.
I agree with first and last paragraph ( don't know much about Von Hayek tho), and I don't have energy to argue against the rest right now. Maybe next week... I'll just say for now, you claiming that anarchy is far right baffles me. I looks like you're rather eloquent so if you don't mind explaning, that would be great.
Have a nice day.
Excellent. This has been developing for 40+ years.
Heck yes, we’re an oligarchy bordering on fascism...
Agree: American oligarchy accomplished. But the story's not over. We can still vote!
First to view, share, and comment! Thank you Robert Reich!
I learn so much from Professor Reich. I’m certain we’re an oligarchy. But I’m also very concerned that we are also being moved toward a form of religious fascism. Our democratic republic hasn’t been so imperiled since the civil war.
RR was brilliant in Clinton's cabinet; we need him back in Warren's. Then RR for POTUS.
Winner-takes-all is not a formula for long-term prosperity, but it's a built-in defect of capitalism. Enlightened government can mitigate the excesses and keep the engine humming at peak efficiency; see, e.g., FDR.
Excellent, transparent situation description! We need a powerful executive to replace FDR in 1936. Vote for Tulsi2020 ! !
I agree 100% it is that’s why we need a real progressive FDR 5.0 Sanders 2020 💪
Excellent explanation of an oligarchy and the situation we find ourselves in now.
#Bernie2020
Thank you from South Africa
Yes, this has been obvious for quite some time.
Bob, we need you to step up and run for president....you have a deep skill set, knowledge, and great speaking skills--and can bring people together with your ability to work with the other side of the aisle. Please give this real consideration.
"As the founding fathers intended"
- Standardized Conservative Excuse Handbook for Oligarchy in America, volume 1, pg. 7
4c1dr3fl3x I’m sorry if I appear ignorant, but is your comment referring to an actual book, or, are you being facetious? If it’s an actual book, who is the author, please? I’ve googled and gotten nowhere.
What book ? Trump university?
@@Canteluta1022 It's one of William F Buckley's lesser known works
4c1dr3fl3x thanks! 🙏✨
Mr. Reich, I like what you say. I think that we need a new vision. I am backing Andrew Yang. I think his ideas about the future and what is coming are very important. He is the future if America is to survive as a democracy. "By the people, for the people, with liberty and justice for all".
Great presentation, most informative. It would have been interesting to include the original sins of genocide and enslavement into this discussion, and how theae factors influenced the "development" of the US.
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” like Mr. Ford once said
Wow
America is in trouble
Everytime we get a republican in office thteirs some type of turmoill when democrats get in we have a balanced budget
This pandemic is trumps 911 thing dont let him fool you
Yes, I do!! Perpetuated by our representatives in all offices across this country.
I take it the question
"Is America an Oligarchy?"
is rhetorical, right?
Are there seriously still some people who think it isn't?!
The "tipping point" is long past.
Was hoping they would talk of the history. Every country is owned by these families
Ill tell you what I think Bob... I say we have to come to our senses and get rid of capitalism, rather than repeating history again and again, in this never ending class war!
Great historical reminder. Thank you Robert.
Oligarchy, kakistocracy, KKKristofascism (:-(
I’ve felt this way about our system for so long, but didn’t know the word for it!! My mind is blown to visually see what I’ve been seeing if that makes sense lol.
Thank you for the explanation... I was lost and trying to keep up with current events.
Great video. This pattern from democracy to oligarchy not only applies to USA, but several countries have also been taking this (unfortunate) path.
Elizabeth Warren has called for a wealth tax on all accumulated wealth over 50 million dollars. I support this idea, it is the same thing as the property tax most of us pay on our homes . . . so it is a fair thing to do. However I would go further than Elizabeth Warren by supporting a wealth cap at 50 million dollars. The wealth cap would forever eliminate the oligarchy and prevent our grand children from having to deal with this problem again in another 100 years.
- there is an excellent formula how to realize fairness, one decides on the size of the shares, the other has the first pick.
I have to say, you are very good at politics and economy.
Interesting viewpoint. I disagree with the premise that one person's vote has no importance. What we have today is what we want. If we want something different we can have it. "WE" is what matters in the United States. Very well done presentation.
Oligarchy is very real in America.
Big business interests are what run this country and I can't believe they don't teach this in America
Your money is your freedom, your money is your power, and now, your money is your voice.
If you have concentrated wealth, you have concentrated power: Oligarchy!
Bernie 2020 is our only hope to fight the corruption and return the power to the people. We need better education funding, better health programs and more public works. I’m a conservative and I recognize this.
Anyone here because of PV? Thanks algorithm.
I have been preaching that the US is a plutocracy for the past four decades, after Carter left office. Being that I am not a professor , heck I don't even have a high school diploma ,
what is the objective difference between a oligarchy and a plutocracy? Thanks in advance , preach on brother Robert 🤙✊
Oligarchy yes, democracy not so much. If only people would educate themselves and really get involved. Thanks Robert!
Robert you hit that on the nail head and out of the park!!!!
Prof. Reich, is there any chance of you and Prof. Wolfe having a discussion or debate on practical economics? I have learned a lot from both of you and respect you both.