U.S. Politics - How Can This Make Sense?

By: Ian Campbell | Thu, Aug 23, 2012
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Why read: Because if the statistics quoted in this commentary are even close to being accurate - which I have not independently verified - you ought to know and think hard about them.

Commentary: A recent article suggests that of all Americans:

The obvious question that arises from this is: following from the foregoing, how much influence does a very tiny (or even microscopic) percentage of the American population wield on American politics and ultimately legislation?

My own answer is that in a country that holds wealth in very high esteem, almost certainly a very great deal of influence. Assuming I am right, I can't see how that augers well for America going forward.

I suggest you think about the foregoing and reach your own conclusion.

Topical Reference: Big Campaign Spending: Government by the 1%, from The Atlantic, Lawrence Lessig, July 10, 2012 - reading time 2 minutes.

 


 

Ian Campbell

Author: Ian Campbell

Ian R. Campbell, FCA, FCBV
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Through the Economic Straight Talk Newsletter Ian R. Campbell shares his perspective on the world economy, the financial markets, and natural resources. A recognized business valuation authority, he founded Toronto based Campbell Valuation Partners (1976), Stock Research Portal (2007) a source of resource companies market data and analytic tools, and Economic Straight Talk (2012). The CICBV* annually funds business valuation research in his name**. Contact him at icampbell@srddi.com.
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TRUE MONEY SUPPLY

Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
austrian-money-supply/