Of, By, and For the Elite

The Goal Is Freedom

Of, By, and For the Elite

By Sheldon Richman • Published: 1 May 2009

Sheldon Richman is the editor of The Freeman and "In brief." He is a contributor to The Concise Encyclopedia of Economics ("Fascism").

The New York Times pulled back the curtain this week to give readers a rare glimpse at the workings of a political-economy essentially run by a ruling elite. Anyone who thinks representative democracy can’t coexist with rule by a political class is in for a surprise. The clique need not control everything. The pervasive money and banking industries are more than enough. [more]