Well, what your quote fails to realize is that money equals power. I've always found it odd that people will fight against the consolidation of power by the government while simultaneously having no problem handing it over to the business elite. Furthermore, saying the worst a plutocracy could get is bloated while a government will be omnipotent is disingenuous. Controlling the markets and the banks wields as much power as any government could hope for, and if you think the worst that can happen is a bloated plutocracy, I'll point you to the Great Recession and the deceptive practices that nearly brought down the world economy.
Another scary fact is that these investment bankers and elitists actually make money off of our boom and bust economy. So, while the average Joe suffers the consequences, they're actually incentivized to cause the market to have extreme ups and downs.
So, what's the answer? I think thee best we can hope for is checks and balances that keep government and the 1% in check, but I'm not really certain how to go about that precisely. The thing I do know is that we should not stick our heads in the sand and say, "OMG, government is bad, but what's the worst that could happen in a plutocracy."
Another scary fact is that these investment bankers and elitists actually make money off of our boom and bust economy. So, while the average Joe suffers the consequences, they're actually incentivized to cause the market to have extreme ups and downs.
So, what's the answer? I think thee best we can hope for is checks and balances that keep government and the 1% in check, but I'm not really certain how to go about that precisely. The thing I do know is that we should not stick our heads in the sand and say, "OMG, government is bad, but what's the worst that could happen in a plutocracy."
Even if the open windows of science at first make us shiver after the cozy indoor warmth of traditional humanizing myths, in the end the fresh air brings vigor, and the great spaces have a splendor of their own - Bertrand Russell