...Political parties are organizations composed of blocs of major investors who come together to advance favored candidates in order to control the state. They do this through direct cash contributions and by providing organizational support through the contacts, fundraisers and think tanks. Candidates are invested in like stocks. For them electoral success is dependent on establishing the broadest base of elite support. Candidates whom best internalized investor values see their political “portfolios” grow exponentially at the expense of candidates who have poor level of internalization.
So what you have is a filtering system in which only the most indoctrinated and business friendly advance to state power. Representatives of the major business groups are also often chosen to fill political appointments after a favored candidate is elected (GS is a nice example).
This is a poliarchy, a political-economic model in which the state by-and-large functions to advance elite business interests on the domestic and international fronts.
And that is what is meant in promoting “democracy abroad”. Like Mark Curtis said “Polyarchy is generally what British leaders mean when they speak of promoting ‘democracy’ abroad. This is a system in which a small group actually rules and mass participation is confined to choosing leaders in elections managed by competing elites.”
Tuesday, June 07, 2011
Current US Political System, Explained
kievite, at June 7, 2011 at 10:50 am in response to this posting at Naked Capitalism gives a wonderful synopsys of our current political system:
Posted by Humbug at 10:10 PM