especially in the United States, it seems that the political system is more akin to one dollar one vote than to one person one vote.
In "The Price of Inequality," Joseph E. Stiglitz argues that the political system in the United States often prioritizes financial influence over individual votes. He suggests that wealth often translates to political power, creating a scenario where those with money have a louder voice in shaping policies. This leads to a disproportionate representation of interests, undermining the democratic principle of equality among citizens.
Stiglitz emphasizes that this imbalance threatens the social fabric and the future stability of society. By equating political influence with financial capacity, the system fosters inequality, allowing the wealthy to manipulate legislation in their favor while marginalizing the concerns of the average citizen. This dynamic, according to the author, poses significant risks to both democracy and social cohesion.
