Wednesday, November 16, 2005
Ideas and their shaping
In academia, the prevalent view of the state of democracy in America, of the actual arrangments currently supposed to embody that idea, is sobering and bleak. Consider the estate tax. How to explain the fact that neither political party ever proposes massive hikes in the estate tax, although this move would be in the interest of all but a tiny fraction of the electorate? The answer is not too hard to see. Those who have large sums of wealth have the ability to shape the terms of public debate. Did somebody say oligarchy?