Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Rewrite this: The article explains that plutocracy is a system where the wealthy, either directly or indirectly, control the government. This control can result in

Rewrite this: The article explains that plutocracy is a system where the wealthy, either directly or indirectly, control the government. This control can result in policies that primarily benefit the wealthy, creating a cycle where wealthy and political power reinforce each other. The example provided in the article is about the United States, where commentators argue that rising income inequality has transformed the country into a plutocracy, with Congress becoming wealthier on average and policies favoring the wealthy at the expense of the middle and working class. This support material from the article reinforces the claim that this disproportionate influence of wealthy individuals and corporations on economic policies contributes significantly to economic inequality, highlighting the need for accountability and equitable policy-making to address societal disparities. Rewrite it

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Macroeconomics

Authors: N Gregory Mankiw

7th Edition

1285165918, 9781285165912

More Books

Students also viewed these Economics questions

Question

Define the concept of functional autonomy as employed by Allport.

Answered: 1 week ago

Question

1. Avoid conflicts in the relationship

Answered: 1 week ago

Question

1. What will happen in the future

Answered: 1 week ago