The Billionaire Election

The Billionaire Election (Anand Giridharadas)

The debate is testing abiding American assumptions. A country more ardently capitalist than most is asking itself, as seriously as at any time in the modern era, whether the ultrarich, just because they are ultrarich, endanger democracy. And a country just as committed, contrarily, to its founding ideal of equality is asking whether to resign itself to a gilded revolving door in which you unseat billionaire leaders you hate by electing billionaires you don’t mind.

Do we wish to be a society in which wealth purchases fealty? Are we cool with plutocrats taking advantage of a cash-starved state to run their own private policy machinery, thus cultivating the networks required to take over the state from time to time, and run it in ways that further entrench wealth?

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