The American System Is Badly Broken
Posted3 months agoActive3 months ago
theguardian.comOtherstory
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InequalityPolitical SystemBillionaire Influence
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Inequality
Political System
Billionaire Influence
Bernie Sanders argues that the US political system is broken due to billionaire influence, sparking discussion on inequality and political reform.
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Sep 28, 2025 at 12:12 PM EDT
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“There are a lot of people struggling to get by”
Now let’s all get angry.
Maybe we can skip these types of stories and go straight to causation.
Why is America becoming unaffordable. Housing, education, and healthcare seem to always outpace inflation, for example.
Isn't the junk food situation exacerbated because the money paid for it directly and through poorer health goes to the 1% more so than it ever did?
Sure, private equity in the health (actually disease) care system gets fattened and who pays? Medicaid, medicare... prevention is not profitable to the 1% ? sure
All that is is for the best. If there is a volcano at Lisbon it cannot be elsewhere. It is impossible that things should be other than they are; for everything is right.
Well Bernie said Wednesday, the top 1% now owns more wealth than the bottom 93%. I don't know how accurate that is but I'll trust his figure for now. If any math comes up I'll leave it to volunteer statisticians to provide accurate error bands ;)
What if the top 1% "only" controlled 10% of the wealth & power?
That would still be an incredible bonanza for every one of them, 10:1 is living pretty large.
But when you think about it, what difference would that make to the other 99% after all? There's just so many of them.
It's probably pretty grim, let's see:
Right now the other 99% have got almost a full 7% of the wealth and I guess people have been getting by figuring they've been doing as good as they can.
People do call that a "rich" country :\
Now if the balance was "upset" or more fair like that, whichever way you want to look at it, those 99% would end up with a total of 90% of the wealth that the 1% didn't accumulate for themselves when they are at the 10% level.
So with the cards stacked only 10:1 in favor of the current 1%, they would all still be fabulously wealthy.
But not the poor 99% who didn't start out that great to begin with, they're just not near parity at this level.
With only 90% of the wealth, that's not quite up there by a long shot, but at least it's maybe about (90/7 =) 12x as much as they have now.
For 99% of the people. Would that even help anybody at all?
If you were one of the 99% you would have 12x as much under such nominal conditions yourself. Would that even move the needle anyway? I admit that 12x as much disposable income would result from a more attainable offset than 12x as much total income, but that could be significant anyway.
How would a mere 12x disposable income make you feel?
There's no way you'd be anywhere close to the 1%, no matter how you look at it :\
So it's a question worth asking.
Would anybody still say it was a rich country by comparison?
Do they say that any more? Or maybe something else entirely?
When you do the math?
That being said and i'm very pro capitalism in general the situation is becoming impossible to ignore. 15 years ago the richest billionaires had maybe 90 billion. I'm coming to the conclusion we are living in the second age of robber barons. I strongly believe the solution isn't to take away all their money. That's just stupid and doesn't work. We need a strong middle class. They are the basis of all successful societies.