Principles of Wealth and Power Concentration
The first five principles discussed by Chomsky in the book Requiem for the American Dream are reducing democracy, shaping ideology, redesigning the economy, shifting the burdens, and attacking solidarity. The principles were designed to keep the rich in their status quo while the poor languished in their poverty. Ideally, the principles let the wealthy dominate over the poor who lacked property to take responsibility for. Below is a brief summary of each principle:
In this principle, the ideology was to reduce the power of the general populace and rest it on the opulent in the society. In the Madisonian statements, the reduction in democracy meant the division of the masses into fragments that could not unite to overthrow the Senate through democratic processes (Chomsky 16). The Senate was the wealthy class that protected their properties by ensuring power is vested on the property owners.
Chomsky cites the Powell Memorandum and the Trilateral Commission’s reports in supporting the ideology. The principle tends to beat the concentration and coordination of groups opposing the rule of the wealthy. The Trilateral Commission, capitalists from Europe Japan and North America, was meant to restore better order to control the media from what they termed as The Crisis of Democracy that opposed the political class. The congregation of students would …
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