Professor Jeffrey Sachs (Harvard) on America's Plutocracy in 2023

1 year ago
31

"This was the billionaires’ election, billionaires of both parties. And while the Republican and Democratic Party billionaires have some differences, what unites them is much stronger than what divides them, a few exceptions aside. Indeed, many of the richest individual and corporate donors give to both parties. The much-discussed left-right polarization is not polarization at all. The political system is actually relatively united and working very effectively for the richest of the rich. "

"The richest of the rich pay for the political system — putting in billions of dollars in campaign and lobbying funds — and garner trillions of dollars of benefits in return. "

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