The World of Mitt Romney
Guest Columnist | , Barbara Reynolds | 9/26/2012, 1:59 p.m.
In a 2010 lecture at Boston University journalist Bill Moyers described how a plutocracy is chocking out democracy. He said that certain conservative groups have created a "shadow party" determined to be the real power in Washington just like Rome's Opus Dei in Dan Brown's "The DaVinci Code." In this shadow party the plutocrats reign. "We have reached what former Labor Secretary Robert Reich calls 'the perfect storm that threatens American democracy: an unprecedented concentration of income and wealth at the top; a record amount of secret money, flooding our democracy; and a public becoming increasingly angry and cynical about a government that's raising its taxes, reducing its services, and unable to get it back to work. We're losing our democracy to a different system' It's called plutocracy."
Moyers said the fraction of one percent of Americans who now earn as much as the bottom 120 million Americans includes the top executives of giant corporations and those Wall Street hedge funds and private equity managers who are buying our democracy.
What can make us whole again? Moyer warned: "Our government is being bought. Until we get clean money we're not going to get clean elections, and until we get clean elections, you can kiss goodbye government of, by, and for the people. Welcome to the plutocracy."
The problem with a plutocracy, the one percent does not have a welcome mat out for the 99 percent or the 47 percent, the rebuked and the scorned outsiders. No one concedes power without a demand, abolitionist Frederick Douglass once said. So it is up to the 1 percent to find a way to crash the party.