Here Is Why Our Elites Are Not Fixing The Economy

When we had democracy, We, the People made the rules and we ran our country and our economy for our benefit. Now that we are a plutocracy things are different. The reason our elites are not doing anything to fix the economy is because from their viewpoint, things are just fine.

Merriam-Webster [1]:

plu·toc·ra·cy noun \plü-ˈtä-krə-sē\

1: government by the wealthy

2: a controlling class of the wealthy

Our political leaders dance with the ones that bring them [2]. Increasingly they are dancing with the billionaires and their giant corporations.

Our politicians are doing and saying increasingly incomprehensible things. The separation from regular people is unbelievable. But in politics you "dance with the one that brung ya," and these things become comprehensible and believable when you look at who is bringing them to the dance.

Our Benefit

In a democracy a successful business is the result of our investment in infrastructure, education, and a system that enables our businesses to thrive. A business can't deliver products except over the roads or ports or the Internet our government built. Our police and firefighters protect our businesses. Our schools and universities train and educate the inventors and managers and line workers. Our scientific research brings about the innovation that leads to new technologies and products.

"Entitlements" are the things We, the People are entitled to as citizens of a democracy. Those who do well as a result of our investment in our system pay back through taxes, good jobs and great products. When we were a democracy we were entitled to a minimal level of retirement, and health care, education, protection if we lost our jobs, protection of our environment, protection from corporate fraud, and other things that are now disappearing.

Now that democracy is gone, a wealthy few are living off our past investment, and cutting back on the things we used to do for each other.

Why All The Cuts, No Jobs?

Here is the reason that our leaders are cutting back on the things our country does for We, the People, and are not working very hard to do anything about the high unemployment and economic troubles most of us are feeling:

2010: Corporate Profits Were the Highest on Record Last Quarter [3]

2011: Corporate Profits At All-Time High As Recovery Stumbles [4]

2012: Corporate Profits Just Hit An All-Time High, Wages Just Hit An All-Time Low [5]

2012: Bank CEO pay rises. Corporate profit margins rise. Worker wages, not so much. [6]

2012: Richest 1 Percent Account For Nearly All Of U.S. Recovery's Gains: Report [7]

The billionaires and their giant corporations are doing just fine, thank you.

The reason our leaders are not doing anything to fix the economy is because, from the viewpoint of our real leaders, the economy is working just fine.

Golden Oldie

A golden oldie (updated a bit): Democracy Or Plutocracy? A Chart [8]

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