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These massive accumulations of wealth in the hands of a few lead to control of democratic institutions as a means of preserving and increasing wealth. Or in the words of mark Twain "I think I can say, and say with pride that we have legislatures that bring higher prices than any in the world." Also the influence of non elected officials such as the Federal Reserve and Federal Judges increases during periods of disproportionate wealth accumulation. In addition schemes to increase markets and drive down labor costs i.e. globalization result. After the bust more socialistic policies prevail. Examples from American history include the aftermath of the Civil War with the rise of the Republicans through the gilded age and the roaring twenties until the start of the great depression. Subsequent Democratic control with FDR saying "I should like to have it said of my first Administration that in it, the forces of selfishness and lust for power met their match. I should like to have it said of my second Administration that in it these forces met their master" achieved the first great realignment of wealth since the Civil War. The Republicans later gained control in the late 1960s and have held control through the speculative mania associated with the technology boom. Bill Clinton is described as glorying in stock market gains as much or more than any Republican predecessor.
Wealth and Democracy makes the case that the current grossly disproportionate share of wealth in the hands of the few built up under predominately Republican policies calls for a return of Democratic policies of wealth realignment for the common good. And this is from Kevin Phillips who was the chief political analyst for the 1968 Republican presidential campaign, and in 1969 published The Emerging Republican Majority.
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This was a fabulous book, well worth reading