Princeton makes it official — USA Has Become Oligarchy

Top 1% reshaped fundamentals of American life, culture and above all politics

American media is fond of speaking about “Russian Oligarchs” as if Russia were the only nation that allowed accumulation of such unprecedented wealth. The Yeltsin days of dis-order and collapse indeed saw the rapid rise of many fortunes and oligarchs—persons of very much wealth. Some of them have proven patriotic citizens, some like Khodokorvsky or the late unlamented Boris Berezhovsky proved to be loveless gangsters. A new study, however by a Princeton University Professor of the influence of very wealthy or economically powerful persons on American political policies makes clear for the first time that a genuine American Oligarchy has staged a slow coup d’etat over US foreign and domestic policy over the past three decades since the era of Ronald Reagan. This American oligarchy today is the major force for war and dis-order across the planet.

I completed by undergraduate university studies in one of America’s most elite universities, Princeton. It was during the early 1960’s and classmates came from elite preparatory private schools like Andover or Exeter. Classmates with names like Firestone or Prince Faisal were attending. Then tuition cost $650 a year, the price I paid for my used 1956 Chevy. I was only able to pay that because I was awarded a full university scholarship, raised by a working mother with modest income. Today tuition for one year at Princeton costs $41,820. Princeton speaks of money and elite families. So I noted with great interest a new study published by two Princeton professors on wealth in America since 1981.

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