Why Democracy Needs the Rich: The Hidden Benefits of Wealth in a Free Society

Why Democracy Needs the Rich challenges the prevailing narrative that wealth undermines democracy, offering a bold, thought-provoking case for the essential role of the rich in sustaining and enhancing democratic institutions.In a time when billionaires are often vilified as symbols of inequality and unchecked power, John O.McGinnis flips the script, arguing that the wealthy are not just vital contributors to innovation and economic growth but also indispensable counterbalances to the influence of other powerful groups. Drawing on history, economics, and political philosophy, McGinnis illustrates how the rich act as stabilizers in a democracy by funding civic institutions, championing diverse ideas, and driving technological progress.He reveals how wealth can counteract the sway of ideologically homogeneous elites in media, academia, and entertainment while serving as a check on the excesses of special interest groups and bureaucracies. With sharp analysis and compelling examples, this