Long before "the one percent" became a protest slogan, american founding father john adams feared the power of a class he called simply "the few"--the wellborn, the beautiful, and especially the rich. In john adams and the fear of american oligarchy, luke mayville presents the first extended exploration of adams's preoccupation with a problem that has a renewed urgency today: the way in which inequality threatens to corrode democracy and empower a small elite. By revisiting adams's political writings, mayville draws out the statesman's fears about the danger of oligarchy in america and his unique understanding of the political power of wealth--a surprising and largely forgotten theory that promises to illuminate today's debates about inequality and its political consequences. Adams believed that wealth is politically powerful in modern societies not merely because money buys influence, but also because citizens admire and even sympathize with the rich. He thought wealth is powerful in the same way that beauty is powerful--it distinguishes its possessor and prompts reactions of approval and veneration.
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