As evidence showing more and more of America’s wealth is being snatched by the rich compounds, a survey shows Americans are still unable to grasp how truly rich those at the top are. The 400 wealthiest Americans now control $2.3 trillion worth of wealth while the American middle class not gotten a raise in 15 years according to the US Census.
|By: Connor Gibson Sunday August 3, 2014 1:59 pm|
Mainstream political understanding in the United States is increasingly informed by the perception that our elections and lives are being determined by the outsized spending of millionaires and billionaires we will never meet. The poster boys of plutocracy are the subject of this year’s book by Mother Jones senior editor Daniel Schulman in Sons of Wichita: How the Koch Brothers Became America’s Most Powerful and Private Dynasty.
With a timely release, considering our current national zeitgeist and upcoming midterm elections, Sons of Wichita has been received and celebrated with a twist: Schulman’s tomb of “Kochology” has been received with surprise for its non-condemning tone. The Daily Show host Jon Stewart joked “these Koch brothers almost seem human,” in an interview with Schulman.
|By: DSWright Thursday May 1, 2014 5:15 pm|
Now that New Jersey Governor Chris Christie has been severely damaged by the Bridgegate scandal, Republicans on Wall Street are desperately searching for a candidate they can count on to do their bidding in 2016. With a distrust for Senator Ted Cruz or Senator Rand Paul to follow orders, some are hoping former Florida Governor Jeb Bush might step into the race.
But Bush fatigue may have even reached Manhattan as Wall Street Republicans eye another candidate to invest in, Hillary Clinton.
|By: DSWright Thursday May 1, 2014 12:02 pm|
Are you enjoying May Day? Despite the origins of the holiday coming from events in Chicago the holiday is officially ignored in the USA. Outside the US celebrations are common in most major capitals in the world.
|By: DSWright Wednesday April 30, 2014 2:25 pm|
Can we finally write off neoliberalism as a bad idea? Due to alterations in how the World Bank calculates wealth China is set to surpass the United States as the world’s largest economy this year. Previous predictions imagined China overtaking the US in the next decade.
|By: DSWright Monday April 21, 2014 12:05 pm|
Though President Obama noted wealth inequality as the defining issue of our time and said “I realize we are not going to resolve all of our political debates over the best ways to reduce inequality and increase upward mobility this year or next year or in the next five years”, less than a year later and the White House is bringing in the heirs to America’s great fortunes not to discuss help with bringing back a meaningful inheritance tax, but planning how those soon to be oligarchs want to shape the country. Talk about a mixed message.
|By: letsgetitdone Saturday April 5, 2014 4:00 pm|
All of a sudden MSNBC cable commentators are talking about plutocracy and oligarchy. Surprisingly, the first occurrence of this I’m aware of was Chuck Todd, reacting on his Daily Rundown show to the spectacle of Republican candidates traveling to Vegas to seek funding from Sheldon Adelson and his group of hugely wealthy Jewish Republican donors. Todd began to explore the implications of that event. He seemed exercised, and more than the slightest bit upset, about its meaning for Democracy and used the words plutocracy and oligarchy. Andrea Mitchell also discussed it later and she, too, registered apparent dismay, while using the “p” and “o” words.
|By: cocktailhag Thursday April 3, 2014 8:00 pm|
Not for nothing, the plutocracy is getting more than a little edgy these days, and this edginess is leading to some behavior that would be laughable if it weren’t, well, nothing to chuckle about. That is, if you happen to be a member of the 99%.
|By: DSWright Friday February 14, 2014 10:25 am|
Tom Perkins, member and apparently self-appointed spokesman for the top 1%, has moved beyond claiming those that support progressive taxation are Nazis and on to calling for an end to universal suffrage.
From a plush chair at the Commonwealth Club of San Francisco, Perkins said those who can not pay taxes should not be able to vote and those who pay more taxes should have more votes.
|By: DSWright Wednesday February 5, 2014 6:45 am|
The Senate has passed the Farm Bill which includes $8 billion of cuts to food stamps and $7 billion of increases to agribusiness. President Obama has said he will sign it into law. Game over.