The New York Bank Crisis Essay

1299 Words 6 Pages
In today’s society, it is easy to look at politics and think of legislative sovereignty, meaning the legislature is the sovereign power, but this is surely not the case. Although it is true that the legislature makes the laws, one must ask themselves: what exactly is going on in the background? This is where the wealthy people of America come into play. The wealthy are in charge of the law-making process in some way at all times, defining them as the sovereign power in contemporary American society.
The wealthy have their hand in the legislature at all times which puts them in control over the laws that are being made; however, sometimes situations such as the New York bank crisis arise and the wealthy, in this case the banks, gain direct control over the laws being made. This also ties in with the idea of neoliberalism, where the average citizen has little to no power in political decisions, especially when compared to the power held by a wealthy individual. Lastly, wealthy can be defined as sovereign when it comes to the idea of their manipulation of political decisions or their authoritative power over politics. Either way, the wealthy will always remain to have a strong hand in political decisions. Looking at it this way, it is easy to see that they are the real sovereign power in contemporary American society, not any particular political branch or leader. In John Locke’s “Of Civil Government”, he brings up the idea of legislative sovereignty meaning power is defined…

Related Documents