Inequalities Of Wealth In America

Distribution of power in society reflects the inequalities of wealth. While some have access to many resources, others have few. Economics classes struggle within a system which is systematically in favor of upper class interests, and policy continually tailors the financial agendas of interest groups and corporate lobbyists. Organized groups representing business interests have substantial impact on U.S. policy at all levels, while the majority of average Americans and mass-based interest groups have little independent influence. There is reason for concern that democracy may diminish/fade/be at a loss as inequality increases within the United States. Big money in politics can result in corrupting effects that only accumulate wealth and power into the hands of the elite. We are at risk of losing an economy and democracy that is meant to work for everyone, while replacing them with an economy and government that will endure to serve/accommodate mainly for the wealthy few. …show more content…
For example, in the case of public expenditures, it would predict that half would want spending and half would prefer less. However, polls demonstrate that there are large discrepancies between what most voters want and what the political system delivers. (Insert Example) Why hasn’t the middle had the political influence that standard theory predicts it should have, and why does our current system seem to operate on “one dollar” one vote instead of one person one vote? As politics determines the rules and regulations of the market economy, it is tailored in favor of the 1 percent. Part of the reason is that politics, too, is shaped by the 1