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American Oligarchy – The Permanent Political Class - Illinois Scholarship Online
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American Oligarchy: The Permanent Political Class

Ron Formisano


Almost all studies of the nation’s extreme inequality of income and wealth have overlooked a critical, overarching cause of the creation of The New Gilded Age. The permanent political class has driven and sustained economic and political inequality not only with the government policies it has crafted over the past four decades. It has created inequality by becoming a self-dealing, self-serving nepotistic oligarchy that is enabling the One Percent and the .01 Percent to create an American aristocracy of wealth. American Oligarchy describes a multifaceted culture of self-dealing and corruption r ... More

Keywords: civic associations, foundations, Big Green, Populism, faux populists, Democrats, From crusading liberals to lobbyists, Ivory Towers, Greenbacks in the freezer, The Burden of Fundraising, Junkets, Ethics Not, One Percent Supreme Court, Money, finance, Enron, deferred-prosecution, inherited wealth, tax havens, dynasty trusts, Wall Street

Bibliographic Information

Print publication date: 2017 Print ISBN-13: 9780252041273
Published to Illinois Scholarship Online: May 2018 DOI:10.5622/illinois/9780252041273.001.0001


Affiliations are at time of print publication.

Ron Formisano, author
University of Kentucky