Paul Krugman Has a Theory On Oligarchs in the U.S. - YouTube
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Paul Krugman argues a new class of ultra-wealthy insiders is reshaping U.S. power — but is this oligarchy, or just politics as usual?
Elite TheoryOligarchyPlutocracyPower Elite Model
Theory Briefing
- Krugman applies the term "oligarch" to a set of ultra-wealthy U.S. figures, a label usually reserved for post-Soviet power brokers.
- The theory questions whether extreme wealth concentration is now translating directly into political control in America.
- The distinction between lobbying-as-usual and true oligarchic capture is at the center of Krugman's argument.