A permanent political class has emerged on a scale unprecedented in our nation 's history. Its self-dealing, nepotism, and corruption contribute to rising inequality. Its reach extends from the governing elite throughout nongovernmental institutions. Aside from constituting an oligarchy of prestige and power, it enables the creation of an aristocracy of massive inherited wealth that is accumulating immense political power. In a muckraking tour de force reminiscent of Lincoln Steffens, Upton Sinclair, and C. Wright Mills, American Oligarchy demonstrates the way the corrupt culture of the permanent political class extends down to the state and local level. Ron Formisano breaks down the ways this class creates economic inequality and how its own endemic corruption infects our entire society. Formisano delves into the work of not just politicians but lobbyists, consultants, appointed bureaucrats, pollsters, celebrity journalists, behind-the-scenes billionaires, and others. Their shameless pursuit of wealth and self-aggrandizement, often at taxpayer expense, rewards channeling the flow of income and wealth to elites. That inequality in turn has choked off social mobility and made a joke of meritocracy. As Formisano shows, these forces respond to the oligarchy 's power and compete to bask in the presence of the .01 percent. They also exacerbate the dangerous instability of an American democracy divided between extreme wealth and extreme poverty.

Election 2008 made American history, but it was also the product of American history. Barack Obama, Hillary Clinton, and Sarah Palin smashed through some of the most enduring barriers to high political office, but their exceptional candidacies did not come out of nowhere. In these timely and accessible essays, a distinguished group of historians explores how the candidates both challenged and reinforced historic stereotypes of race and sex while echoing familiar themes in American politics and exploiting new digital technologies.

Contributors include Kathryn Kish Sklar on Clinton’s gender masquerade; Tiffany Ruby Patterson on the politics of black anger; Mitch Kachun on Michelle Obama and stereotypes about black women’s bodies; Glenda E. Gilmore on black women’s century of effort to expand political opportunities for African Americans; Tera W. Hunter on the lost legacy of Shirley Chisholm; Susan M. Hartmann on why the U.S. has not yet followed western democracies in electing a female head of state; Melanie Gustafson on Palin and the political traditions of the American West; Ronald Formisano on the populist resurgence in 2008; Paula Baker on how digital technologies threaten the secret ballot; Catherine E. Rymph on Palin’s distinctive brand of political feminism; and Elisabeth I. Perry on the new look of American leadership.