https://www.ted.com/talks/nick_hanauer_beware_fellow_plutocrats_the_pitchforks_are_coming) GG

I found really interesting, that the implication of the plutocracy is that people who dominate a country's material resources also have political power. It is even possible that, within the framework of a representative democracy (in which the state authorities are elected by popular vote and represent the population), the most important decisions will actually be made by those with economic power. What I understood from this, would be the following:

  • It's an unfair system, because not everyone can influence it.
  • It is very similar to the functioning of state-owned companies.
  • Economic and social inequality is encouraged.
  • The interests of a few take precedence over the generals.
  • It's not an inclusive system.
  • Meritocracy is not contemplated.
  • There is no equal opportunity.
  • General welfare is not the goal.
Besides talking about how unfair the financial system, lets discuss what he mentions it could be a possible solution, since controlling the credit and financing of families and the Government, banks can influence the decisions that these people subsequently have to make. In the states there is a share of 13% shares. I think they should balance the taxes, salaries, etc. He gave a lot of great solutions on how to manage this economical inequity, this is really insightful and leaves you to think of that powerful 1% that makes the difference, like economic disturbance. 


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