Skip to main content

Why are the billionaires always laughing?

Because they know the corporate media will never call bullshit on their bullshit.

Why are the billionaires laughing?

It’s easy to laugh when the corporate press treats you as a glorious success instead of the epitome of a broken social order. Billionaires laugh because they know the corporate media prefers to fawn over them rather than hold them to account.

Today, we ask you to support our nonprofit, independent journalism because we are not impressed by billionaires flying into space, their corporations despoiling our health and planet, or their vast fortunes safely concealed in tax havens across the globe. We are not laughing.

We are hard at work producing journalism for the common good. With our Fall Campaign underway, please support this mission today. We cannot do it without you.

Support Our Work -- Join the small group of generous readers who donate, keeping Common Dreams free for millions of people each year. Every donation—large or small—helps us bring you the news that matters.

Nearly 75% of Americans are dissatisfied with U.S. democracy, a new study has found.

Nearly 75% of Americans are dissatisfied with U.S. democracy, a new study has found. (Photo: Shutterstock)

The End of American Exceptionalism? Study Indicates Failure of US Democracy Creating Wave of Self Doubt

A new study shows that less than half of all Americans are satisfied with the nation's democratic system.

Eoin Higgins

More Americans are dissatisfied with democracy than at any point since records began in 1995, according to a new study published Wednesday, and the number of citizens with a positive view of the U.S. system of government dipped for the first time below 50%. 

To observers like journalist Rania Khalek, the reason for such a shift in global attitudes was clear.

"Our systems aren't actually democratic," said Khalek. "We live in a miserable oligarchy, no wonder people are unhappy."

A majority of people around the world—57.5%—are dissatisfied with democracy, the University of Cambridge's Centre for the Future of Democracy study (pdf) found. 

"If confidence in democracy has been slipping, it is because democratic institutions have been seen failing to address some of the major crises of our era, from economic crashes to the threat of global warming," said study lead author Dr Roberto Foa.

According to the study, Americans' dissatisfaction with democracy has been on the rise since the financial crisis of 2008:

The U.S. has seen a "dramatic and unexpected" decline in satisfaction, according to researchers. In 1995, more than three-quarters of US citizens were satisfied with American democracy, a figure that plateaued for the next decade. The first big knock came with the 2008 financial crisis, and deterioration has continued year-on-year ever since. Now, less than half of US citizens are content with their democracy.

"Such levels of democratic dissatisfaction would not be unusual elsewhere," said Foa. "But for the United States it may mark an end of exceptionalism, and a profound shift in America's view of itself."

More broadly, Foa said, the dissatisfaction should be seen in the context of rational actors replying in a logical fashion to the questions posed by researchers. If the systems fail, they don't deserve the people's faith.

"Our findings suggest that citizens are rational in their view of political institutions," said Foa, "and update their assessment in response to what they observe."


Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.

This is the world we live in. This is the world we cover.

Because of people like you, another world is possible. There are many battles to be won, but we will battle them together—all of us. Common Dreams is not your normal news site. We don't survive on clicks. We don't want advertising dollars. We want the world to be a better place. But we can't do it alone. It doesn't work that way. We need you. If you can help today—because every gift of every size matters—please do. Without Your Support We Simply Don't Exist.

Profits Before People: 'The Facebook Papers' Expose Tech Giant Greed

"This industry is rotten at its core," said one critic, "and the clearest proof of that is what it's doing to our children."

Jon Queally ·


New York Taxi Workers Stage Hunger Strike to Demand Medallion Debt Relief

"They are an essential industry here in New York City," said Rep. Alexandria Ocasio-Cortez, "and we need to make sure we're doing right by them."

Julia Conley ·


'It's Not Coming Out': Bernie Sanders Stands Firm on Medicare Expansion

"It's what the American people want and, after waiting over 50 years, what they are going to get."

Julia Conley ·


'When We Organize, We Win': Ocasio-Cortez Joins India Walton at Rally in Buffalo

The two progressives joined striking hospital workers on the picket line at Mercy Hospital after the early voting rally.

Julia Conley ·


Fatal Film Set Shooting Followed Outcry by Union Crew Members Over Safety Protocols

"When union members walk off a set about safety concerns, maybe 'hiring scabs' isn’t the solution you think it is."

Julia Conley ·

Support our work.

We are independent, non-profit, advertising-free and 100% reader supported.

Subscribe to our newsletter.

Quality journalism. Progressive values.
Direct to your inbox.

Subscribe to our Newsletter.


Common Dreams, Inc. Founded 1997. Registered 501(c3) Non-Profit | Privacy Policy
Common Dreams Logo