American Dynasties

Wealth and greed have been the downfall of all great powers, and the United States is headed down the same path. The concentration of wealth signifies the growth of a politically empowered American aristocracy.

The author of "Wealth and Democracy" Kevin Phillips says that its political dynasties like the Bush clan that threaten to undermine American democracy.

In this hour, the new political aristocracy. Has Washington turned into a country club of elites? Or is there still hope for reviving true democracy in America?

Guests:

Kevin Phillips, Author of "Wealth and Democracy: A Political History of the American Rich"