US Democracy: Making the Rich Richer
NOVANEWS
By: Arshad M Khan
Demonstrators in the Fight for $15 wage protest are joined by social-justice activists at a rally in downtown San Diego, California, Nov. 29, 2016. | Photo: Reuters.
Global wealth inequality has hit historic proportions as the eight richest people have more wealth than the poorest half of the world.
It is a conceit of democracy that opposing parties, after months of trying to convince the public the other would be a disaster for the country, should after the election cooperate for the good of the whole.
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In fact, with rare exception, what happens was postulated by the Italian economist Vilfredo Pareto over a century ago. Power is contested between competing elites, each wooing the general public, and to t...
