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How the Corporate Right Hijacked America's Courts to Enrich the Top 1 Percent

America's political-economy is caught in a vicious cycle, with concentrated wealth at the top leading to outsized political power.

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In 2005, the Olin Foundation actually declared “mission accomplished” and closed up shop. The New York Times reported that after “three decades financing the intellectual rise of the right,” the foundation’s services were no longer needed. The Times added that the loss of Olin wasn’t terribly troubling for the movement, because whereas “a generation ago just three or four major foundations operated on the Right, today’s conservatism has no shortage of institutions, donors or brio.”

If the economics and law movement were to become the standard in our legal culture, it would represent a massive upward redistribution of wealth. Not only would “transfer payments” – unemployment benefits, assistance for needy families and the like – be deemed unconstitutional, but so would minimum wages, job training programs, subsidized student loans and most of our already threadbare social safety net. And that environment will have been purchased for a princely sum by those who have profited so handsomely from America's spiraling income inequality.

 

Joshua Holland is an editor and senior writer at AlterNet. He is the author of The 15 Biggest Lies About the Economy: And Everything else the Right Doesn't Want You to Know About Taxes, Jobs and Corporate America . Drop him an email or follow him on Twitter.

 
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