factual

Oligarchs Exist Under Every Economic System

Concentration of unaccountable power at the top occurs under capitalism, socialism, and communism alike—communist systems have party oligarchs unaccountable to workers, and capitalism has monopolies, oligopolies, and Wall Street with limited accountability—so any genuine democracy must guard against concentration of power in both private and public spheres.

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Speaker

Cornel West

Evidence Quote

The communist systems have their own oligarchs and plutocrats with the political parties that don't have accountability to the workers. Capitalism's got the monopolies and the oligopolies, and Wall Street

Source

121 | Cornel West on What Democracy Is and Should BeSean Carroll's Mindscape
Created: 6/13/2026, 12:19:17 AM

My Notes

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