View Single Post
Old 11th October 2019, 09:16 AM   #214
blutoski
Penultimate Amazing
 
blutoski's Avatar
 
Join Date: Jan 2006
Posts: 11,819
Originally Posted by Bob001 View Post
Another aspect of wealth concentration:

https://www.theatlantic.com/ideas/ar...naires/599587/

It's no surprise that the rich look out for themselves. But what happens to the rest of us?
Another concern is the very conscious effort among the political wealthy to not only donate to political campaigns in this current cycle, but to establish legacies that will continue to produce contributions indefinitely.

This was the main Koch project - to engage their politically aligned peers and coach them on establishing legacies for a network that includes elements such as think tanks, astroturfing, &c.

The UK also has this problem. For example, the Tories in 2017 reached a turning point where the majority of their donations come from dead people's legacies. That will only grow over time.

So with this type of funding model, not only is there a bias toward the superwealthy's minority interests over majority preference, but a new complication where parties are bending to the preferences of the dead instead of the living.
__________________
"Sometimes it's better to light a flamethrower than curse the darkness." - Terry Pratchett
blutoski is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top