Tightrope

One might think that economic inequality leads to self-correction in democracies, as the public becomes alarmed or outraged by income gaps and institutes taxes or other policies to take from the rich or give to the poor. But this doesn’t happen often. Researchers have found that instead, in countries around the world, the accumulation of wealth also often leads to accumulation of political power that is then harnessed to multiply that wealth. Indeed, that’s what we’re seeing in America. Our political system responds to large donors, so politicians create benefits for the rich, who then reward the politicians who created them.