The One Percent: Gigantic Government + Gigantic Corporations = Massive Wealth Inequality In America
Today, there are protests all over America that are targeting “the one percent” and all of the wealth and power that they have accumulated. Unfortunately, many of the solutions that these protesters are advocating simply will not work and will not lead to less wealth inequality. To understand this, you have to understand how we got to this point. Over the past several decades, our federal government has exploded in size and our large corporations have exploded in size. In fact, we have seen this pattern happen pretty much all over the world. Governments and corporations all over the globe are getting much bigger. Whenever you have very, very large concentrations of money and power like that, it is going to lead to massive wealth inequality. The Occupy Wall Street protesters would like to frame this debate as “socialism vs. capitalism”, but the truth is that wherever you find big government you will almost always find big corporations, and wherever you find big corporations you will almost always find big government. Sure, they spar once in a while, but the reality is that big government and big corporations work in tandem most of the time. Sometimes big government has the upper hand and sometimes big corporations have the upper hand, but they are both collectivist institutions. Wherever you find collectivism in the world, you will find an elite that receives most of the benefits while the rest of the population suffers. In the United States today, our gigantic government is thriving and our gigantic corporations are thriving and the middle class is rapidly shrinking. The solution to this is not to replace one form of collectivism with another form of collectivism. Rather, what we need is to go back to what our founding fathers intended. They were extremely suspicious of large concentrations of wealth and power, and they intended for us to live in a capitalist system where individuals and small businesses had the freedom to compete and thrive.
Today, Democrats tell us that we need an even bigger government and that we need to redistribute even more wealth to the poor. But the bigger the government gets, the more poor people we seem to have. As you will see below, the only people that seem to be thriving from big government are the bureaucrats.
Republicans tell us that we need to make life better for the big corporations. But the reality is that the bigger our giant corporations get, the faster the middle class shrinks. The big corporations are shipping millions of our jobs out of the country, and they are magnets for wealth and power. If you are not aware of how overwhelmingly dominant corporations have become in our society, just read this article.