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The Myth of Capitalist Overlords

Jonah Goldberg writes Mr. Piketty’s Big Book of Marxiness in the July issue of Commentary.

Excerpt:

A third claim—one can’t call them arguments because they don’t rise to that level—is that the super rich will rig democracy to their advantage. This, too, has a faint Marxist echo, featuring as it does the assumption that capitalist overlords form a homogenous political class bent on exploitation. One must only read the newspaper to know that this is nonsense on stilts. At this very moment, George Soros, Tom Steyer, and other liberal billionaires are in a hammer-and-tongs political battle with Sheldon Adelson, Charles and David Koch, and other conservative or libertarian billionaires. And the evidence that either side has the power to buy elections is discredited almost every November. This is not to say that our democracy couldn’t be healthier or that wealthy special interests do not cause real problems, but America is hardly being run today by characters out of a Thomas Nast cartoon. It’s being run, instead, by the son of a teenage single mother from Hawaii, the son of a barkeep from Ohio who became speaker of the House, and a miner’s son from Nevada who grew up in a shack with no running water before becoming majority leader of the Senate—none of them born into wealth, to put it mildly.

HKO

Piketty’s claims do not survive minimal scrutiny.  This claim also assumes the wealthy are a single amorphous entity.  It is the same sort of sterotyping practiced by racial bigots.

Category: Economics

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  • Bongstar420

    OK. This is all the evidence that I need to prove that rich people only want to improve society for all people to ensure that every person has equal opportunity to gain status based on objective merits and not prior ownership/nepotism.

    Also, rich people who own everything don’t have any power over those that don’t and all poor people deserve to be poor because they are losers and rich people deserve to be rich because they are winners.

    https://uploads.disquscdn.com/images/b57712a7cb1a4c96174a90226d4b2cb86b01468ad6f9b365e313a1180fb98ac2.jpg

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