Tag: plutocracy

The American Political System

A central component of the American identity is the notion that our political system is a responsive representative and democratic government that serves the people of the country. It is at the heart of our sense that we are exceptional country, the city on the hill, with structures and political values that should be emulated around the world.

Here we focus on the structure of the government under the Constitution, the role of money and the domination of our politics and government by the wealthy and corporations.

Delusions – political system – the postings

The Environment, Trump, Koch Brothers & Big Money
June 5, 2017

The now publicly visible campaign by the Koch brothers and many others to make their decade’s long campaign to deny climate change bear new fruit in public policy. More evidence that the plutocrats are now so secure in their control over our politics and the government that they can come out of the shadows and rule directly through Trump.

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Trump’s Innovations in Governing
May 15, 2017

The 40 year class war in America has achieved its final objectives. The plutocrats are the White House. The Cabinet has more wealth than held by over 100 million Americans.

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Obama, Wall St. and Big Money
May 8, 2017

Edited 5/9/2017  (Originally published as “Obama and the Future of the Democratic Party”) President Obama achieved some remarkable things during his eight years. Action on income and wealth inequality were not among them. He surrounded himself, especially on the economic front, with people who had direct connections to Wall St. or academic economics. He famously made a speech in 2013 announcing that income inequality was “the defining challenge of our…

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Talk Back: Correcting the Anti-Government Bias of Our Politics
January 29, 2017

President Reagan was not the originator of this central trope of free-market (neo-liberal) politics, but he famously said in his first Inaugural Address in 1981, “Government is not the solution to our problem; government is the problem.” President Clinton, a Democrat, continued this theme during his terms culminating the the deregulation of the financial industry in 1999 setting the table for the collapse of 2008 and the Long Recession. Listening…

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Park Avenue and How We Got There
January 22, 2017

Park Avenue puts faces to many of the wealthy and the corporations. Do not for a moment think that if we could just rid ourselves of these avaricious individuals that our problems would be solved.

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Election Results: The Next Ten Years
November 9, 2016

– The Morning After -The election of Trump and the continued Republican control of both Congress and Senate guarantee that the rich will continue to get richer at the expense of the shrinking middle class and further aggravate conditions for the poor. Trickle down economics and tax subsidies will flow for the rich and corporations. The financial sector will buy its way out of the weak regulations of Dodd/Frank and lurch…

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The Corruption at the Center of American Politics and Government
June 16, 2014

The 1/2% of the Population That Run Our PoliticsRecently I came on a Ted Talk by Lawrence Lessig, “We the People, and the Republic we must reclaim” filmed in February 2103 (18:19 minutes). This typically brief TED talk provides a compelling argument for why the dominance of big money in our political system has turned it into an oligarchy and kleptocracy – my words not Lessig’s. “.26 percent of America gave 200 dollars…

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Big Money, Big Politics…the best government bought, not by you…..
May 4, 2012

Wonder about the Impact of the US Supreme Court’s Citizens United Decision?  Government in the US, as everywhere, has always been tilted in favor of the wealthy. But, the Citizens United  decision in 2010 giving corporations the right spend unlimited money has made government, really at every level, into the sole playground of the rich and big corporations. A couple of weeks ago This American Life broadcast “TAKE THE MONEY AND RUN FOR…

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Long Division in American Politics – the money trail
January 26, 2012

A recent John Stewart Daily Show that explored Mitt Romney’s recent release of income tax data got me to thinking about long division. Romney’s income of roughly $22 million per year is so large that it kind of disappears into the haze of too much information. But, get out your pencil and divide that by 365 days to discover that his income is $60,000 per day. That is slightly over…

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Naomi Wolf’s The End of America – the movie
May 27, 2011

The End of America – a film by Annie Sundberg and Ricki Stern Here is a summary1 of the ten steps discussed and illustrated by Ms. Wolf in the movie. 10 STEPS THAT CLOSE AN OPEN SOCIETY 1. invoke an internal and external threatPeople who are afraid are willing to do things that they wouldn’t otherwise do. 2. establish secret (unaccountable) prisons where torture takes…

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Corporations as Persons – Freedom of Speech, now Right to Privacy – Bring on Three Strikes!
January 20, 2011

The case of the Federal Communications Commission v. AT&T2 now being heard before the US Supreme Court raises anew the craziness of the thinking that has position corporations to be “persons” in the first place. Noun vs Adjective! First we have several of the justices focusing argument around the difference between “persons”…

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Corporations as Persons – Freedom of Speech, now Right to Privacy – Bring on Three Strikes!
January 20, 2011

The case of the Federal Communications Commission v. AT&T3 now being heard before the US Supreme Court raises anew the craziness of the thinking that has position corporations to be “persons” in the first place. Noun vs Adjective! First we have several of the justices focusing argument around the difference between “persons”…

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  1. from the endofamericamovie.com website – 05/27/2011 []
  2. See the NYTimes,  “Court Weighs Whether Corporations Have Personal Privacy Rights” By ADAM LIPTAK Published: January 19, 201 []
  3. See the NYTimes,  “Court Weighs Whether Corporations Have Personal Privacy Rights” By ADAM LIPTAK Published: January 19, 201 []

The Environment, Trump, Koch Brothers & Big Money

Trump’s recent announcement that he is leaving the Paris Climate Accord and his ongoing gutting of the Environmental Protection Agency should come as no surprise given his billionaire class Cabinet and advisers.  Now it is clear that the Koch brothers have been at work. They are notorious for their Libertarianism, election buying and ownership of huge coal mining corporations. 

Today (6/5/2017) on the New Yorker magazine website Jane Mayer wrote in her article, “IN THE WITHDRAWAL FROM THE PARIS CLIMATE AGREEMENT, THE KOCH BROTHERS’ CAMPAIGN BECOMES OVERT” of the now publicly visible campaign by the Koch brothers and many others to make their decade’s long campaign to deny climate change bear new fruit in public policy. More evidence that the plutocrats are now so secure in their control over our politics and the government that they can come out of the shadows and rule directly through Trump.

BTW – Jane Mayer spent 5 years investigating big money and particularly the Koch brothers. The resulting book almost reads like a cloak and dagger mystery excepting for the very real people and money at play: DARK MONEY: The Hidden History of the Billionaires Behind the Rise of the Radical Right by Jane Mayer (Doubleday NY 2016) – reviewed in the NYTimes 1/19/2016 by Alan Ehrenhalt.

Trump’s Innovations in Governing

The Plutocrats Have Occupied the White House and Executive Branch

It has been a fact of American life for decades that the rich and corporations control our political system. But this control has been exercised always one arms length removed from the actual levers of power. They have had to be satisfied with setting up their think tanks, hiring lobbyists, and buying politicians. Always they have had to put up with the unsavory influence that the public might have to disturb their plans and obstruct their enrichment. Even as described so eloquently and with such cleverness by Lawrence Lessig in his TED talk, “We the People and the republic we must reclaim“, the rich and corporations were always one step away from hands on control of the government.

Religious Doubt Spreads – Free Flows of Capital Seen as Dangerous to Some

Money floating aroundThere is more evidence that the current run of religious mania about “free markets” is finally giving way to a more fact-based approach to this important human invention, many countries are now applying capital controls on the flow of monies into  their economies. The world flood of money seeking higher rent districts is terrorizing smaller economies like a tsunami. Fears of speculative bubbles burgeoning and then bursting with disastrous consequences for local economies are driving many to control inflows. Recently the NY Times posted an article about this phenomenon, “Countries See Hazards in Free Flow of Capital1.

“The world has learned about the perils of free market finance — global financial liberalization just does not work as advertised,” said Dani Rodrik, a political economy professor at the John F. Kennedy School of Government at Harvard. “Just as John Maynard Keynes said in 1945 — capital controls are now orthodox.”

Despite the obvious lessons of the last 4 years, “free market” advocates, just like religious zealots throughout history, remain undeterred by the facts on the ground. Financial firms ride along with this zealotry because its suits their business strategies to a T. Nevertheless, some governments, in the face of what must be enormous pressures from the world financial industry that profits coming and going in these financial boondoggles, are facing up to the facts and doing their best to take actions to control the impacts of markets on their local economies. Unfortunately for us in the US, we have no such governments. Ours are owned more than ever completely by big money, overwhelmingly by big corporate money and the super plutocracy of the super rich. They have always known that “free markets” is a wonderful religious cover their control over the real wheels of commerce and politics.

  1. By LANDON THOMAS Jr. Published: November 10, 2010 http://www.nytimes.com/2010/11/11/business/global/11capital.html?_r=1&emc=eta1# []