TY - BOOK AU - Mayville,Luke TI - John Adams and the Fear of American Oligarchy SN - 9780691171531 AV - E322 .M36 2019eb U1 - 973.44092 23 PY - 2016///] CY - Princeton, NJ : PB - Princeton University Press, KW - Oligarchy KW - United States KW - HISTORY / Revolutionary KW - bisacsh N1 - Frontmatter --; Contents --; Acknowledgments --; Introduction --; Chapter One. A Perennial Problem --; Chapter Two. The Goods of Fortune --; Chapter Three. Sympathy for the Rich --; Chapter Four. Dignified Democracy --; Conclusion. American Oligarchy? --; Notes --; Bibliography --; Index; restricted access N2 - Long before "the one percent" became a protest slogan, American founding father John Adams feared the power of a class he called simply “the few”—the wellborn, the beautiful, and especially the rich. In John Adams and the Fear of American Oligarchy, Luke Mayville presents the first extended exploration of Adams's preoccupation with a problem that has a renewed urgency today: the way in which inequality threatens to corrode democracy and empower a small elite. By revisiting Adams’s political writings, Mayville draws out the statesman’s fears about the danger of oligarchy in America and his unique understanding of the political power of wealth—a surprising and largely forgotten theory that promises to illuminate today’s debates about inequality and its political consequences.Adams believed that wealth is politically powerful in modern societies not merely because money buys influence, but also because citizens admire and even sympathize with the rich. He thought wealth is powerful in the same way that beauty is powerful—it distinguishes its possessor and prompts reactions of approval and veneration. Citizens vote for—and with—the rich not because, as is often said, they hope to be rich one day, but because they esteem the rich and submit to their wishes. Mayville explores Adams’s theory of wealth and power in the context of his broader concern about social and economic inequality, and also examines his ideas about how oligarchy might be countered.A compelling work of intellectual history, John Adams and the Fear of American Oligarchy also has important lessons for today’s world of increasing inequality UR - https://doi.org/10.1515/9781400883691?locatt=mode:legacy UR - https://www.degruyter.com/isbn/9781400883691 UR - https://www.degruyter.com/document/cover/isbn/9781400883691/original ER -