A plutocracy or plutarchy is a society that is ruled or controlled by people of great wealth or income. The first known use of the term in English dates from 1631. Unlike most political systems, plutocracy is not rooted in any established political philosophy.
Economic inequality is an umbrella term for a) income inequality or distribution of income, b) wealth inequality or distribution of wealth, and c) consumption inequality. Each of these can be measured between two or more nations, within a single nation, or between and within sub-populations.
Jacksonian democracy was a 19th century political philosophy in the United States that expanded suffrage to most white men over the age of 21, and restructured a number of federal institutions. Originating with the seventh U.S. president, Andrew Jackson and his supporters, it became the nation's dominant political worldview for a generation. The term itself was in active use by the 1830s.
Thomas Carr Frank is an American political analyst, historian, and journalist. He co-founded and edited The Baffler magazine. Frank is the author of the books What's the Matter with Kansas? (2004) and Listen, Liberal (2016), among others. From 2008 to 2010 he wrote "The Tilting Yard", a column in The Wall Street Journal.
What's the Matter with Kansas? How Conservatives Won the Heart of America (2004) is a book by American journalist and historian Thomas Frank, which explores the rise of populist anti-elitist conservatism in the United States, centering on the experience of Kansas, Frank's native state. In the late 19th century, says Frank, Kansas was known as a hotbed of the left-wing populist movement, but in recent decades, it has become overwhelmingly conservative. The book was published in Britain and Australia as What's the Matter with America?
Progressivism in the United States is a political philosophy and reform movement in the United States advocating policies that are generally considered social democratic and even socialist or social liberal.
The Third Party System was a period in the history of political parties in the United States from the 1850s until the 1890s, which featured profound developments in issues of American nationalism, modernization, and race. This period, the later part of which is often termed the Gilded Age, is defined by its contrast with the eras of the Second Party System and the Fourth Party System.
These are the references for further information regarding the history of the Republican Party in the U.S. since 1854.
The Fourth Party System was the political party system in the United States from about 1896 to 1932 that was dominated by the Republican Party, except the 1912 split in which Democrats captured the White House and held it for eight years.
Samuel Stebbins Bowles, is an American economist and Professor Emeritus at the University of Massachusetts Amherst, where he continues to teach courses on microeconomics and the theory of institutions. His work belongs to the neo-Marxian tradition of economic thought. However, his perspective on economics is eclectic and draws on various schools of thought, including what he and others refer to as post-Walrasian economics.
The American upper class is a social group within the United States consisting of people who have the highest social rank, primarily due to economic wealth. The American upper class is distinguished from the rest of the population due to the fact that its primary source of income consists of assets, investments, and capital gains rather than wages and salaries. The American upper class is estimated to include 1–2% of the population.
In social sciences, participation inequality consists of difference between levels of participation of various groups in certain activities. Common examples include:
Income inequality has fluctuated considerably in the United States since measurements began around 1915, moving in an arc between peaks in the 1920s and 2000s, with a 30-year period of relatively lower inequality between 1950 and 1980.
Redistribution of income and wealth is the transfer of income and wealth from some individuals to others through a social mechanism such as taxation, welfare, public services, land reform, monetary policies, confiscation, divorce or tort law. The term typically refers to redistribution on an economy-wide basis rather than between selected individuals.
Nolan Matthew McCarty is an American political scientist specializing in U.S. politics, democratic political institutions, and political methodology. He has made notable contributions to the study of partisan polarization, the politics of economic inequality, theories of policy-making, and the statistical analysis of legislative voting.
Causes of income inequality in the United States describes the reasons for the unequal distribution of income in the US and the factors that cause it to change over time. This topic is subject to extensive ongoing research, media attention, and political interest.
Henry E. Brady is an American political scientist specializing in methodology and its application in a diverse array of political fields. He is Dean of the Goldman School of Public Policy at University of California, Berkeley and holds the Class of 1941 Monroe Deutsch Professor of Political Science and Public Policy. He was elected President of the American Political Science Association, 2009–2010, giving a presidential address entitled "The Art of Political Science: Spatial Diagrams as Iconic and Revelatory." He has published academic works on diverse topics, co-authoring with colleagues at a variety of institutions and ranks, as well as many solo authored works. His principal areas of research are on political behavior in the United States, Canada, and the former Soviet Union, public policy and methodological work on scaling and dimensional analysis. When he became President of the American Political Science Association, a number of his colleagues and co-authors contributed to his presidential biography entitled "Henry Brady, Big Scientist," discussing his work and the fields to which he has contributed and has also shaped.
Since World War II, the United States economy has performed better on average under the administration of Democratic presidents than Republican presidents. The reasons for this are debated, and the observation applies to economic variables including job creation, GDP growth, stock market returns, personal income growth and corporate profits. The unemployment rate has fallen on average under Democratic presidents, while it has risen on average under Republican presidents. Budget deficits relative to the size of the economy were lower on average for Democratic presidents. Ten of the eleven U.S. recessions between 1953 and 2020 began under Republican presidents.
Oral democracy is a talk-based form of government and political system in which citizens of a determined community have the opportunity to deliberate, through direct oral engagement and mass participation, in the civic and political matters of their community. Additionally, oral democracy represents a form of direct democracy, which has the purpose of empowering citizens by creating open spaces that promote an organized process of discussion, debate, and dialogue that aims to reach consensus and to impact policy decision-making. Political institutions based on this idea of direct democracy seek to decrease the possibilities of state capture from elites by holding them accountable, to encourage civic participation and collective action, and to improve the efficiency and adaptability of development interventions and public policy implementation.
Democratic backsliding in the United States has been identified as a concern at both national and state levels of government. Democratic backsliding is "a process of regime change towards autocracy that makes the exercise of political power more arbitrary and repressive and that restricts the space for public contestation and political participation in the process of government selection".
