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5.0
58 reviewsThe 8th edition is further
updated in 2023 to include the likely impact of the post-pandemic cutbacks, the
overturning of Roe v Wade, and the Trump indictments on the 2024 national
elections. These factors could lead to more economic growth and social support
for families, schools, and health care--or an increase in inequality, white
male supremacy, and social strife, depending on the size of the voter turnout
by younger voters.
At this crucial moment in
American history, when voting rights could be expanded to include all citizens,
or legislatively limited, this update shows precisely how the top 1% of the
population, who own 43% of all financial wealth, and receive 20% of the
nation’s yearly income, dominate governmental decision-making. They have
created a corporate community and a policy-planning network, made up of
foundations think-tanks, and policy-discussion groups, to develop the policies
that become law. Through a leadership group called the power elite, the
corporate rich provide campaign donations and other gifts and favors to elected
officials, serve on federal advisory committees, and receive appointments to
key positions in government, all of which make it possible for the corporate
rich and the power elite to rule the country, despite constant challenges from
the inclusionary alliance and from the Democratic Party.
The book explains the role
of both benign and dark attempts to influence public opinion, the machinations
of the climate-denial network, and how the Supreme Court came to have an
ultraconservative majority, who serve as a backstop for the corporate community
as well as a legitimator of restrictions on voting rights, union rights, and
abortion rights, by ruling that individual states have the power to set such
limits.
Despite all this highly concentrated power, it will be the other 99.5%, not the top 0.5%, who will decide the fate of the United States in the 2020s on all the important issues.