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An Election by the Wealthy & for the Wealthy

June 6, 2016 Leave a comment

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If you are searching for an undemocratic election in the world, you don’t have to go to a third-world-nation country in Africa or to a theocratic State in Middle East such as the apocalyptic Mullahs’ regime in Iran to find one. You just need to look into the process of the U.S. presidential election. The election is structured through pledged delegates that outwardly delivers based on the grassroots votes, but next to it there is Super-Pacs-Super-Delegates system that literally has the power to shape the election outcome for the benefit of the top 1% wealthy. In plain English, Super Pacs work as lobby mediators between the wealthy that own and control the corporations and the party Super Delegates whose unbound votes determines the fate of the candidates. Strictly speaking, the political election is run by the rich investors and corporate owners, they are the ones who buy the votes and accordingly appoint the political authorities from reps and senators to governors and presidents. Based on 2015 American Values Survey, 64% Americans believe their vote does not matter because of the influence that wealthy individuals and big corporations have on the electoral process.

Joseph E. Stiglitz, a contributor to Vanity Fair writes “Virtually all U.S. Senators, and most of the representatives in the House, are members of the top 1 percent when they arrive, are kept in office by money from the top 1 percent, and know that if they serve the top 1 percent well they will be rewarded by the top 1 percent when they leave office. By and large, the key executive-branch policymakers on trade and economic policy also come from the top 1 percent. When pharmaceutical companies receive a trillion-dollar gift — through legislation prohibiting the government, the largest buyer of drugs, from bargaining over price — it should not come as cause for wonder. It should not make jaws drop that a tax bill cannot emerge from Congress unless big tax cuts are put in place for the wealthy. Given the power of the top 1 percent, this is the way you would expect the system to work.” Read more…

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