Tag Archives: plutocracy

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...

I found this interesting.  Mr. Giridharadas was invited to discuss his perspective regarding his themes of his book Winners take all.  He was invited by the Dutch Parliament’s Finance Committee to discuss his book.  All 6 parties showed up.  All had been given the book prior and several had read it.   This is a link to the entire 1.5 hour presentation via Youtube. One of his points that I found most interesting was at 7:13 of the discussion, during his...

A new study reveals how the wealthy engage in ‘stealth politics’: quietly advancing unpopular, inequality-exacerbating, highly conservative policies... How can this be so? If it is true, why aren’t voters aware and angry about it?The answer is simple: billionaires who favor unpopular, ultraconservative economic policies, and work actively to advance them (that is, most politically active billionaires) stay almost entirely silent about those issues in public. This is a deliberate choice....

A Trump administration staffed by plutocrats – most of whom gained their wealth from rent-seeking activities, rather than from productive entrepreneurship – could be expected to reward themselves. But the Republicans’ proposed tax reform is a bigger gift to corporations and the ultra-rich than most had anticipated. Best line: "Trump assumed office promising to “drain the swamp” in Washington, DC. Instead, the swamp has grown wider and deeper. With the Republicans’ proposed tax reform, it...

Tracing the growth of corporatocracy. CounterpunchHow Big Corporations Game Our Democracy Into Their Plutocracy Ralph Nader

By William K. BlackOctober 20, 2016     Kansas City, MO The New Democrats and their Republican counterparts’ economic policies have created a rigged system of crony capitalism.  Crony capitalism produces devastating epidemics of elite fraud that have shrunk the overall economic “pie” and distributed the “pie” overwhelmingly in favor of corrupt corporate elites like Donald Trump and their political cronies like the Clintons.  Wall Street has been open about being ecstatic about the rise of...