Americas Inequality Trap

Download or read book America's Inequality Trap written by Nathan J. Kelly and published by Chicago Studies in American Politics. This book was released on 2020-02-11 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In this book Nate Kelly argues that rising concentrations of wealth creates a politics that makes reducing economic inequality more difficult. Kelly convincingly demonstrates that the concentration of economic resources in a small group leads to a concentration of economic and political power that in turn creates a self-perpetuating plutocracy or an "inequality trap." As economic resources become concentrated, those who control them engage in a variety of political activities that seek to perpetuate their advantages. Among other things, the rich support a broad public campaign that convinces voters that policies to reduce inequality are unwise and not in the average voter's interest, notwithstanding the real economic impact. They also manipulate the formal division of our government into separate branches and a federal system to their advantage"--