Oligarchy in the open: What happens now as the U.S. confronts its plutocracy problem?

Ten years ago, political scientists Martin Gilens of Princeton and Benjamin Page of Northwestern took an extraordinary data set compiled by Gilens and a small army of researchers and set out to determine whether America could still credibly call itself a democracy. They used case studies 1,800 policy proposals over 30 years, tracking how they made their way through the political system and whose interests were served by outcomes. For small D democrats, the results were devastating. Political outcomes overwhelmingly favored very wealthy people, corporations, and business groups. The influence of ordinary citizens, meanwhile, was at a “non-significant, near-zero level.” America, they concluded, was not a democracy at all, but a functional oligarchy. 

 

Fast forward to 2024 and a presidential campaign that saw record support by billionaires for both candidates, but most conspicuously for Republican candidate Donald Trump from Tesla and Starlink owner Elon Musk, the world’s richest man. That prompted outgoing President Joe Biden, in his farewell address, to warn Americans about impending oligarchy—something Gilens and Page said was already a fait accompli ten years before. And as if on cue, the new president put billionaire tech bro supporters like Musk, Jeff Bezos, and Mark Zuckerberg front and center at his inauguration and has given Musk previously unimaginable power to dismantle and reshape the federal government through the so-called Department of Government Efficiency. So what does it mean that American oligarchy is now so brazenly out in the open? 

 

Joining host Ralph Ranalli are Harvard Kennedy School Professor Archon Fung and Harvard Law School Professor Larry Lessig, who say it could an inflection point that will force Americans to finally confront the country’s trend toward rule by the wealthy, but that it’s by no means certain that that direction can be changed anytime soon. Archon Fung is a democratic theorist and faculty director of the Ash Center for Democratic Governance and Innovation at HKS. Larry Lessig is the Roy L. Furman Professor of Law and Leadership at Harvard Law School and a 2016 presidential candidate whose central campaign theme was ridding politics of the corrupting influence of money. 

Archon Fung’s Policy Recommendations:

• Involve the U.S. Office of Government Ethics in monitoring executive orders and changes to the federal government being made by President Trump, Elon Musk, and other Trump proxies.
• Demand transparency from Musk and the so-called Department of Government Efficiency about their actions in federal agencies, what changes and modifications they are making to systems, and an accounting of what information they have access to.

Lawrence Lessig’s Policy Recommendations:

• Build support for a test court case to overturn the legality of Super PACs, which are allowed to raise unlimited amounts of money from corporations, unions, associations and individuals, then spend unlimited sums to overtly advocate for or against political candidates.
• Experiment with alternative campaign funding mechanisms, such as a voucher program that would give individuals public money that they could pledge to political candidates.
• Urge Democratic Party leaders to lead by example and outlaw Super PAC participation in Democratic primaries.

Episode Notes:

Archon Fung is the Winthrop Laflin McCormack Professor of Citizenship and Self-Government and director of the Ash Center for Democratic Governance and Innovation at the Kennedy School. at the Harvard Kennedy School. His research explores policies, practices, and institutional designs that deepen the quality of democratic governance. He focuses upon public participation, deliberation, and transparency. His books include “Full Disclosure: The Perils and Promise of Transparency” (Cambridge Universi