In today’s world, given the informativeness of modern man, most people are well aware that the power of the rich is not an oligarchy or capitalism. It is an entirely natural phenomenon, in absolutely any country, at all times. The rich have power in the form of money, authority, cohesion, and organization. However, in this case, people with less income become means of enrichment and suffer from it.
At the same time, allowances are made for the richest. Thus, Scheiber and Cohen (2015) emphasize that the United States has adopted a tax system that can help the rich save their money. Gilens and Page (2014) note that “economic elites and organized groups representing business interests have substantial independent impacts on US government policy” (p. 564). All this may indicate the development of a dangerous trend toward the transformation of the state from a socially-oriented entity into a market-oriented actor in world politics, whose main goal is economic profit.
As already mentioned, the economic elite and organized groups are independent of the US government. At the same time, the influence of ordinary citizens and mass interest groups is very small or absent. Money is a form of social control, and by putting as much debt on people as possible, the total forces people to work for their economic benefit. Therefore, over the past few years, student loan debt in the United States has increased, and now it is a fantastic amount of $ 1.5 trillion (Miller et al., 2019). Millions of young people are already pouring into the real world financially, and many of them will spend decades paying off these debts.
Throughout human history, those called the ruling class have found various ways to force those under their control to work for their economic gain. The entire global financial system is debt-based, and this system endlessly draws the world’s wealth to the top of the pyramid. Changes in government policy correspond to both the wishes of the rich and the interests of powerful groups, but not to the wishes of average Americans, despite the democratic political system focused on ensuring the majority’s interests.
Gilens, M., & Page, B. (2014). Testing Theories of American Politics: Elites, Interest Groups, and Average Citizens. Perspectives on Politics, 12(3), 564-581. Web.
Miller, B., Campbell, C., Cohen, B. J., & Hancock, C. (2019). Addressing the $1.5 trillion in federal student loan debt. Center for American Progress.
Scheiber, N., & Cohen, P. (2015). For the wealthiest, a private tax system that saves them billions. The New York Times. Web.