America represents more than just an economic system; it is an entire cultural and social order, a plutocracy, a system of rule that is mostly by and for the rich. Most universities and colleges, publishing houses, mass circulation magazines, newspapers, television and radio stations, professional sports teams, foundations, churches, private museums, charity organizations, and hospitals are organized as corporations, ruled by boards of trustees (or directors or regents) composed overwhelmingly of affluent business people. These boards exercise final judgement over all institutional matters.
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In the U.S. corporatocracy, corporations and the wealthy elite directly and indirectly finance candidates, who are then indebted to them. It’s common for these indebted government officials to appoint to key decision-making roles those friendly to corporations, including executives from these corporations... The United States is not ruled by a single deranged dictator but by an impersonal corporatocracy. Thus, there is no one tyrant that Americans can first hate and then finally overthrow so as to end senseless wars and economic injustices. ... The first step in recovering democracy is the psychological courage to face the humiliation that we Americans have neither a democracy nor a republic but are in fact ruled by a partnership of “too-big-to-fail” corporations, the extremely wealthy elite, and corporate-collaborator government officials.
[T]he concentration of power in the hands of the few is common to all cultures... When a small group of people rules a society the political system is considered an oligarchy; when only money and wealth determine how a society is controlled, the political system is a plutocracy. From the standpoint of a democratic society, both oligarchy and plutocracy are inherently unjust and corrupt. ...In many ways, the majority of Americans live in a democracy of minimums, while the privileged few enjoy a plutocracy of maximums. ...[T]he dominating influence of the One Percent...
Ed Murrow told his generation of journalists bias is okay as long as you don't try to hide it. So here, one more time, is mine: plutocracy and democracy don't mix. Plutocracy, the rule of the rich, political power controlled by the wealthy. Plutocracy is not an American word but it's become an American phenomenon. Back in the fall of 2005, the Wall Street giant Citigroup even coined a variation on it, plutonomy, an economic system where the privileged few make sure the rich get richer with government on their side. By the next spring, Citigroup decided the time had come to publicly "bang the drum on plutonomy." … over the past 30 years the plutocrats, or plutonomists — choose your poison — have used their vastly increased wealth to capture the flag and assure the government does their bidding. … This marriage of money and politics has produced an America of gross inequality at the top and low social mobility at the bottom, with little but anxiety and dread in between, as middle class Americans feel the ground falling out from under their feet. … Like those populists of that earlier era, millions of Americans have awakened to a sobering reality: they live in a plutocracy, where they are disposable. Then, the remedy was a popular insurgency that ignited the spark of democracy. Now we have come to another parting of the ways, and once again the fate and character of our country are up for grabs. … Democracy only works when we claim it as our own.
What picture of American society is likely to be imprinted on the consciousness of average Europeans? Given what they read or hear every day from intellectuals and politicians, they can hardly have any choice in the unpleasant particulars, especially if they happen to be French. The picture repeatedly sketched for them is as follows: American society is entirely ruled by money. No other value, whether familial, moral, religious, civic, cultural, professional, or ethical has any potency in itself. Everything in America is a commodity, regarded and used exclusively for its material value. A person is judged solely by the worth of his bank account. Every U.S. President has been in the pockets of the oil companies, the military-industrial complex, the agricultural lobby, or the financial manipulators of Wall Street. America is the "jungle" par excellence of out-of-control, "savage" capitalism, where the rich are always becoming richer and fewer, while the poor are becoming poorer and more numerous. Poverty is the dominant social reality in America. Hordes of famished indigents are everywhere, while luxurious chauffeured limousines with darkened windows glide through the urban wilderness.
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The United States functions as an oligarchy rather than a democracy. Policies like are passed not due to public support but corporate interests. The overwhelming majority of people in this countrysupport things like paid maternity leave, free college, and a higher minimum wage. Yet these things are painted as wedge issues that can never be accomplished due to the partisan divide. Corporations control the political process and the conversation around it, and they always win what they want.
Among the institutions of plutocratic culture, our educational system looms as one of the more influential purveyors of dominant values. From the earliest school year, children are taught to compete individually rather than work cooperatively for mutual benefit. Grade-school students are fed stories of their nation's exploits that might be more valued for their inspirational nationalism than for their historical accuracy. Students are instructed to believe in America's global virtue and moral superiority and to hold a rather uncritical view of American politico economic institutions.
Here we are in corporate occupied territory, otherwise known as Washington D.C. ...I've seen it ...become a very sophisticated expression of the plutocracy ...[Y]ou have the plutocracy ruled by a few wealthy, developing an ever more penetrating oligarchy ruled by a few politicos, indentured to the super-wealthy. ...With their corporate attorneys they have developed one of the most sophisticated controls of a formerly democratic society... turning the very institutions, Congress, the courts, the executive branch, against the people... What they do is simply keep the myths alive, like "We have Democratic elections." We do not.
America is losing its democracy as our politicians trade their votes for campaign contributions from the corporate lobbies. We have a corporatocracy rather than a democracy... The Wall Street Journal... is the leading print mouthpiece for the corporatocracy... America’s corporatocracy is governed by vested interests rather than moral or economic principles.... Americans today by large majorities support public education, Medicare, Social Security, help for the indigent, stronger regulation of the banks, and higher taxation of the rich. The problem is... with the failure of our government to translate American values into American policies.
The United States ... celebrates rote vocational training and the singular, amoral skill of making money. It churns out stunted human products, lacking the capacity and vocabulary to challenge the assumptions and structures of the corporate state. It funnels them into a caste system of drones and systems managers. It transforms a democratic state into a feudal system of corporate masters and serfs.
Our America is integrated by a group of more or less homogeneous countries and in most parts of its territory U.S. monopolist capitals maintain an absolute supremacy. Puppet governments or, in the best of cases, weak and fearful local rulers, are incapable of contradicting orders from their Yankee master.
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Well, if you want to understand the way any society works, ours or any other, the first place to look is who is in a position to make the decisions that determine the way the society functions. Societies differ, but in ours, the major decisions over what happens in the society — decisions over investment and production and distribution and so on — are in the hands of a relatively concentrated network of major corporations and conglomerates and investment firms. They are also the ones who staff the major executive positions in the government. They’re the ones who own the media and they’re the ones who have to be in a position to make the decisions. They have an overwhelmingly dominant role in the way life happens. You know, what’s done in the society. Within the economic system, by law and in principle, they dominate. The control over resources and the need to satisfy their interests imposes very sharp constraints on the political system and on the ideological system.
Roughly speaking, I think it's accurate to say that a corporate elite of managers and owners governs the economy and the political system as well, at least in very large measure. The people, so-called, do exercise an occasional choice among those who Marx once called "the rival factions and adventurers of the ruling class."
Liberals placed an unreasonable amount of faith in large institutions: unions, foundations, big government, large corporations, and universities. These institutions are based on principles that are antithetical to democracy. They are not democratic, they are hierarchical: Someone is at the top and everybody else is at the bottom. Their policies are not made democratically, they are made at the top. These institutions are also not egalitarian. They operate by administrative discretion and authority, not the rule of law: There is no legislature, no group lawmaking body. The individual in the large organization does not have the kind of constitutional rights that an individual in the society at large has. There are no protections of autonomy and free speech. Employees can be fired for many reasons. We need to constitutionalize large organizations to protect the people within them, to ensure that they can be politically outspoken.
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