"[T]he concentration of power in the hands of the few is common to all cultures... When a small group of people rules a society the political system is considered an oligarchy; when only money and wealth determine how a society is controlled, the political system is a plutocracy. From the standpoint of a democratic society, both oligarchy and plutocracy are inherently unjust and corrupt. ...In many ways, the majority of Americans live in a democracy of minimums, while the privileged few enjoy a plutocracy of maximums. ...[T]he dominating influence of the One Percent..."
Ralph Nader

January 1, 1970

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Added on April 10, 2026
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Original Language: English

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