Tag Archives: oligarchy

The American Economic Liberties Project (my org) put out a statement against the bill, AFL-CIO official Damon Silvers, who oversaw the 2008 bailout, put out an article against the bill, as did dozens of economics and finance professors. Congresswoman Alexandria Ocasio-Cortez warned of the risks of a bill tilted to big business, as did libertarian member Justin Amash. John Cassidy wrote in the New Yorker how to do a bailout without corruption. And Georgetown law professor Adam Levitin...

Pulitzer-winning author and host of “On Contact” Chris Hedges joins Rick Sanchez to discuss the influence of lobbyists on establishment media in their coverage of politics and that donors, bankers and billionaires have on the US political process. He argues that the corporate elite sees Sen. Bernie Sanders (I-Vermont) is a much greater threat to corporate power than President Trump, which is why they are uniting so stridently behind former Vice President Joe Biden in the Democratic...

Until Nevada, all the presidential candidates except for Bernie Sanders were playing for a brokered convention. The party’s candidates seemed likely to be chosen by the Donor Class, the One Percent and its proxies, not the voting class (the 99 Percent). If, as Mayor Bloomberg has assumed, the DNC will sell the presidency to the highest bidder, this poses the great question: Can the myth that the Democrats represent the working/middle class survive? Or, will the Donor Class trump the voting...

Should be neoliberalism is destroying the illusion of liberal democracy.EvonomicsNobel Economist Says Inequality is Destroying Democratic Capitalism Angus Deaton | Senior Scholar and the Dwight D. Eisenhower Professor of Economics and International Affairs Emeritus at the Woodrow Wilson School of Public and International Affairs and the Economics Department at Princeton University

I don't think that this quite correct. John Bolton is the frontman in the administration for casino billionaire Sheldon Adelson, a rabid supporter of Zionism and a major contributor to Trump's political campaign. It is not an exaggeration to say that Trump owes his 2016 victory in large part to Adelson's legal bribery.OK, course, Trump gave no quid pro quo for the funding, so it is not bribery in the legal sense. However, anyone who thinks that political contributions, especially large ones,...

I cannot stress enough that this elitist attitude towards society is a learned mindset, that comes with a sense of extreme entitlement, and not some inherited tendency. As it succeeds it can become contagious among those who are morally weak and easily influenced. Some good quotes. Jesse's Café AméricanAudacious Oligarchy: The Rules Are For the Little People Jesse

The Trump White House research team have issued a very strange report. It’s called “The Opportunity Costs of Socialism,”. It purports to prove that ‘socialism’ and ‘socialist’ policies would be damaging to Americans because the ‘opportunity costs’ of socialism compared to capitalism are so much higher. What is strange and rather amusing is that the White House advisers to Trump deem it necessary to explain to Americans the failures of ‘socialism’ in 2018. But when you delve into the...

The premise and promise of capitalism, going back to Adam Smith, have been that global wealth would increase and serve as a benefit to all of humanity.2 However, the experience of recent decades has challenged those claims: while global wealth has indeed grown, most of the increase has been captured by a small group at the top. This has continued into the“recovery” in the United States and globally. The result is that an obscenely unequal distribution of the world’s wealth has become even...

The front groups that have been funded for decades by billionaires Charles and David Koch, majority owners of the fossil fuels conglomerate, Koch Industries, are determined to put Brett Kavanaugh on the Supreme Court because he has demonstrated a willingness to write decisions favorable to gutting regulations on greenhouse gas emissions. Whether Kavanaugh has a history of sexual assaults is irrelevant to that agenda. As recently as last evening, a dark money group that keeps its donors a...

Increasingly, however, academics and development practitioners are looking at a less visible and tangible obstacle – the capture of the State by economic and political elites. The extreme concentration of economic and political power reinforces the ability to unduly co-opt, corrupt and divert the democratic process, and influence the role of the State, perpetuating measures that reinforce privilege on the one hand and inequality and exclusion on the other. This elite capture is manifested...