06/27/2012 09:47 pm ET Updated Dec 06, 2017

Here Is Why Our Elites Are Not Fixing the Economy

When we had democracy, We, the People made the rules and we ran our country and our economy for our benefit. Now that we are a plutocracy things are different. The reason our elites are not doing anything to fix the economy is because from their viewpoint, things are just fine.

plu·toc·ra·cy noun \plü-ˈtä-krə-sē\

1: government by the wealthy

2: a controlling class of the wealthy

Our political leaders dance with the ones that bring them. Increasingly they are dancing with the billionaires and their giant corporations.

Our politicians are doing and saying increasingly incomprehensible things. The separation from regular people is unbelievable. But in politics you "dance with the one that brung ya," and these things become comprehensible and believable when you look at who is bringing them to the dance.

Our Benefit

In a democracy a successful business is the result of our investment in infrastructure, education, and a system that enables our businesses to thrive. A business can't deliver products except over the roads or ports or the Internet our government built. Our police and firefighters protect our businesses. Our schools and universities train and educate the inventors and managers and line workers. Our scientific research brings about the innovation that leads to new technologies and products.

"Entitlements" are the things We, the People are entitled to as citizens of a democracy. Those who do well as a result of our investment in our system pay back through taxes, good jobs and great products. When we were a democracy we were entitled to a minimal level of retirement, and health care, education, protection if we lost our jobs, protection of our environment, protection from corporate fraud, and other things that are now disappearing.

Now that democracy is gone, a wealthy few are living off our past investment, and cutting back on the things we used to do for each other.

Why All the Cuts, No Jobs?

Here is the reason that our leaders are cutting back on the things our country does for We, the People, and are not working very hard to do anything about the high unemployment and economic troubles most of us are feeling:

2010: Corporate Profits Were the Highest on Record Last Quarter

2011: Corporate Profits At All-Time High As Recovery Stumbles

2012: Corporate Profits Just Hit An All-Time High, Wages Just Hit An All-Time Low

2012: Bank CEO pay rises. Corporate profit margins rise. Worker wages, not so much.

2012: Richest 1 Percent Account For Nearly All Of U.S. Recovery's Gains: Report

The billionaires and their giant corporations are doing just fine, thank you.

The reason our leaders are not doing anything to fix the economy is because, from the viewpoint of our real leaders, the economy is working just fine.

Golden Oldie

A golden oldie (updated a bit): Democracy Or Plutocracy? A Chart

We, the PeopleWealthy Few
One Person One VoteOne Dollar One Vote
GovernmentLimited Government
BudgetsBudget Cuts
Taxes on the WealthyTax Cuts for the Wealthy
Public SchoolsPrivate Schools
Studying the arts, literature, history, philosophy, etc.Mocking people for studying the arts, literature, history, philosophy, etc.
Jobs programsBank Bailouts
Express Lanes for 2 or More PeopleExpress Lanes for 2 or More Dollars
Security Lines at AirportsSpecial First-Class Security Lanes at Airports
Public InvestmentPrivate Investment
Public TransportationPrivate Jets
Rule Of LawAbove The Law
JusticeJust Us
Sustainable growthPolluter Growth
Medicare-For-AllHealthcare For Profit
Clean ElectionsRigged Elections
Savings AccountsOffshore Accounts
Credit Card DebtCredit Default Swaps
Union membersSerfs
Honest BrokersSelf-Interest
Free WillAt Will
Participant Observer
ActorActed On
DoerDone To
Healthy CommunitiesGated Communities
Bedford FallsPottersville
George BailyHenry F. Potter
America the BeautifulAmerica the Profitable
The ManyThe Rich

This post originally appeared at Campaign for America's Future (CAF) at their Blog for OurFuture. I am a Fellow with CAF.

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