Billionaires bad only if conservative-------Fed Chair Unsure If Capitalism or Oligarchy Describes the U.S.

Fed Chair Unsure If Capitalism or Oligarchy Describes the U.S. | CNS News

"Are we still a capitalist democracy or have we gone over into an oligarchic form of society in which incredible economic and political power now rests with the billionaire class?"  Sen. Bernie Sanders, a Vermont socialist, asked that question of Federal Reserve Chair Janet Yellen at a hearing on Capitol Hill  Wednesday.

Yellen said she'd "prefer not to give labels," but she admitted to being very concerned about income inequality.

.....Sanders told Yellen, "There comes a point, where the billionaire class has so much political power -- where the Koch brothers are now, because of Citizens United, able to buy and sell politicians -- they have so much political power  -- at what point is that reversible?" he asked.