Reasons America’s Oligarchy is Wonderful

Daniel G. Jennings
Lists of Doom
Published in
2 min readJul 19, 2023

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America is now an oligarchy. Oligarchy is “government by the few, especially despotic power exercised by a small and privileged group for corrupt or selfish purposes.”

We thought the above passage describes the US Congress. Instead Britannica uses it to describe oligarchies in general. America is an oligarchy because the wealthy are getting richer and screwing everybody else.

Photo by John Cameron on Unsplash

The top 1% of Americans held $43.95 trillion in wealth in the first of quarter 2023, the Federal Reserve estimates. Conversely, the bottom 50% of Americans had $3.44 trillion in wealth in the first quarter of 2023. Yet the top 10% of Americans had $96.95 trillion in wealth in the first quarter of 2023.

Therefore, America is now an oligarchy. Those of us who don’t like building guillotines had been better get used to plutocracy. To appease our wealthy masters and delude the serfs. We shall list reasons why oligarchy is wonderful.

Reasons America’s Oligarchy is Wonderful Include:

  1. At least we know who are masters are.
  2. Understanding that all the American Dream business is bullshit makes life far easier.
  3. There is no reason to work hard and be successful because you will never make any money or achieve the American dream.

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Daniel G. Jennings
Lists of Doom

Daniel G. Jennings is a writer who lives and works in Colorado. He is a lifelong history buff who is fascinated by stocks, politics, and cryptocurrency.