“Specifically, money buys power, and the increasing wealth
of a tiny minority has effectively bought the allegiance of one of our two
major political parties , in the process destroying any prospect for
cooperation.
And the takeover of half our political spectrum by the 0.01
percent is, I’d argue, also responsible for the degradation of our economic
discourse, which has made any sensible discussion of what we should be doing
impossible.
All the evidence points, however, points to a simple lack of
demand, which could be and should be cured very quickly through a combination
of fiscal and monetary stimulus.
No, the real structural problem is in the political system,
which has been warped and paralyzed by the power of a small, wealthy
minority. And the key to economic
recovery lies in finding a way to get past that minority’s malign influence. “ Paul Krugman. May 4,2012.
http://www.nytimes.com/2012/05/04/opinion/krugman-plutocracy-paralysis-perplexity.html?_r=1
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