RealEconTV

Business news without the bullshit

How the US is becoming an oligarchy

It's starting to become clear

Subscribe to RealEconTV

Your e-mail address is kept absolutely private
We make it easy to unsubscribe at any time

The problem with inherited wealth

Economist Paul Krugman gives an excellent account in this interview as to how the US is becoming an oligarchy by means of inherited fortunes and ill-distributed assets.

When fortunes are passed down and accumulate over the centuries, a ruling class will inevitably emerge which will begin to take reign over the inner workings of the nation.

This is how it’s done.