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American oligarchy. The permanent political class. Preview this item
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American oligarchy. The permanent political class.

Author: Ronald P Formisano
Publisher: Baltimore : University of Illinois Press 2017.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
A permanent political class has emerged on a scale unprecedented in our nation 's history. Its self-dealing, nepotism, and corruption contribute to rising inequality. Its reach extends from the governing elite throughout nongovernmental institutions. Aside from constituting an oligarchy of prestige and power, it enables the creation of an aristocracy of massive inherited wealth that is accumulating immense political  Read more...
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Details

Document Type: Book
All Authors / Contributors: Ronald P Formisano
ISBN: 9780252041273 0252041275
OCLC Number: 1010541723
Description: 288 pages
Responsibility: Ronald P. Formisano.

Abstract:

A permanent political class has emerged on a scale unprecedented in our nation 's history. Its self-dealing, nepotism, and corruption contribute to rising inequality. Its reach extends from the governing elite throughout nongovernmental institutions. Aside from constituting an oligarchy of prestige and power, it enables the creation of an aristocracy of massive inherited wealth that is accumulating immense political power. In a muckraking tour de force reminiscent of Lincoln Steffens, Upton Sinclair, and C. Wright Mills, American Oligarchy demonstrates the way the corrupt culture of the permanent political class extends down to the state and local level. Ron Formisano breaks down the ways this class creates economic inequality and how its own endemic corruption infects our entire society. Formisano delves into the work of not just politicians but lobbyists, consultants, appointed bureaucrats, pollsters, celebrity journalists, behind-the-scenes billionaires, and others. Their shameless pursuit of wealth and self-aggrandizement, often at taxpayer expense, rewards channeling the flow of income and wealth to elites. That inequality in turn has choked off social mobility and made a joke of meritocracy. As Formisano shows, these forces respond to the oligarchy 's power and compete to bask in the presence of the .01 percent. They also exacerbate the dangerous instability of an American democracy divided between extreme wealth and extreme poverty.

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"This book is a sobering look at just how awry our political system has gone. . . . Recommended."--Choice "The book is painstaking and thorough in tracing the paths through which some individuals Read more...

 
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