Countervailing power
Finding the hairball’s loose ends.
It’s hard not to feel powerless. The rich are getting richer, the middle class is disappearing, and poor people are evermore exposed to labor abuses, predatory finance, police violence, and food-, fuel- and housing-insecurity. Our cities are increasingly segregated into the haves and have-nots, and the haves hoard the parks, schools and clean air:
https://www.nytimes.com/2022/07/06/us/economic-segregation-income.html
The rich don’t just own all the good stuff, they also own the political process. The now-classic 2014 paper “Testing Theories of American Politics: Elites, Interest Groups, and Average Citizens,” finds that “ordinary citizens… get the policies they favor, but only because those policies happen also to be preferred by the economically-elite citizens who wield the actual influence.”
How do material wealth and political power relate to each other? Well, on the one hand, it’s obvious that if you have more wealth, you have more to spend on lobbying, both to the public and to lawmakers. As the leaks in Propublica’s IRS Files show, just having a lot of money…
