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Democracy vs. Dollarocracy | The Nation

Democracy vs. Dollarocracy

Can the United States rightly call itself a democracy? As long as Paul Ryan and "Fix the Debt" types are able to push extreme austerity measures, Nation writer John Nichols says, we're looking more like a "dollarocracy," where "the ideas that rise to the top are those that are best-financed." In a democracy, Nichols explains, people have a right to say no to bad ideas—but in a dollaracracy, all they get is bad ideas.

James Cersonsky

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