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Monday, December 4, 2023

ABSTRACT ‘The Captured State: Selected Statistics Show Harms of Wealth Concentration to American Life'



The United States formed July 4, 1776 as a sovereign state. Therefore, we have the right and duty to protect our Constitution from all enemies, foreign or domestic in a manner chosen by the people.

 Firing Squad. Adobe Stock images 


ABSTRACT ‘The Captured State: Selected Statistics Show Harms of Wealth Concentration to American Life'


This paper suggests that the historically large concentrations of wealth possessed in 2023 by American Billionaires and CEO's create a blockage in the United States, which interferes with our government's attempts to change existing laws and regulations. The concentration blocks effectively the law making process granted by the Constitution in 1789. Our constitution gave American citizens the right to vote as a check on attempts to bend our laws and regulations toward the personal favor of any person or group. However, today concentrated wealth collectively prevents Congress from adopting proposed laws or regulations that correspond to the will of citizens.


As a direct result of that blockage, Congress has been, and continues to be, unable to pass laws and regulations to benefit American voters' social well-being. The United States has fallen behind many other countries in most measures of Social well-being. The paper presents several measurements of social well being and compares the United States' scores to selected other countries.


Many countries with very large imbalances of incomes and wealth have suffered violent revolutions including the imprisonment and assassination of the rulers. 


Author: Mike P. McKeever; Founding Editor of the Oakland School of Economics Journal, est. 2021

Published in the Oakland School of Economics Journal December 2023.


The complete paper is here: : https://econoak.org/?page_id=1048



 

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