Today in Oligarchy

oligarchy
[ol-i-gahr-kee]

noun, plural oligarchies.

  1. a form of government in which all power is vested in a few persons or in a dominant class or clique; government by the few.
  2. a state or organization so ruled.
  3. the persons or class so ruling.

America, by definition is now an oligarchy. The 300+ million citizens of the United States do not control the policy that governs them—special-interest lobbyists, the top richest people in the country and corporations create policy and usually succeed in having it implemented by the Congress they have purchased. This is oftentimes done at the expense of most Americans, not for their benefit.

This section of Ettringer Media covers news items and commentary related to how our nation is now an oligarchy.

  • Click here to read stories about oligarchy in action.

Several years ago, Ettringer Media brought to light (and then to court) a company that exemplifies the oligarchical nature of America today—E*Trade Financial corporation. If ever there was a segment of the U.S. economy that has benefited from special interests, the banking and financial industry is at the top of the list. Interestingly, it’s the industry which has caused the most harm to the most Americans throughout the years. Yet, against the better interests of the American people, the government simply bails them out, with our money, while we toil in unemployment lines, watch our wages and retirements disappear and the social safety net get pulled out from beneath us.

  • Learn more about our E*Trade battle here.