Researchers at Princeton and Northwestern conclude that government policies reflect the desires of the wealthy, and that the vast majority of American citizens have “minuscule, near-zero, statistically non-significant impact upon public policy. When a majority of citizens disagrees with economic elites and/or with organized interests, they lose.”
When Fed chair Janet Yellen was questioned by Bernie Sanders about the study at a congressional hearing in 2014, she responded “There’s no question that we’ve had a trend toward growing inequality” and that this trend "can shape [and] determine the ability of different groups to participate equally in a democracy and have grave effects on social stability over time. "
Researchers at Princeton and Northwestern conclude that government policies reflect the desires of the wealthy, and that the vast majority of American citizens have “minuscule, near-zero, statistically non-significant impact upon public policy. When a majority of citizens disagrees with economic elites and/or with organized interests, they lose.”
When Fed chair Janet Yellen was questioned by Bernie Sanders about the study at a congressional hearing in 2014, she responded “There’s no question that we’ve had a trend toward growing inequality” and that this trend "can shape [and] determine the ability of different groups to participate equally in a democracy and have grave effects on social stability over time. "