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.
F. WILLIAM ENGDAHL
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.
Martin Gilens is Professor of Politics at Princeton University together with Benjamin I. Page Professor at Northwestern University have published results of a unique analysis “using a unique data set that includes measures of the key variables for 1,779 policy issues.” The study concludes that, “Multivariate analysis indicates that economic elites and organized groups representing business interests have substantial independent impacts on US government policy, while average citizens and mass-based interest groups have little or no independent influence. The results provide substantial support for theories of Economic-Elite Domination…”
Their study further concluded, “When the preferences of economic elites and the stands of organized interest groups are controlled for, the preferences of the average American appear to have only a minuscule, near-zero, statistically non-significant impact upon public policy.”