Category: PLUTOCRATIC POWER

“Fractures, Fears and Failures:” World’s ruling elites stare into the abyss

BILL VAN AUKEN—The Bloomberg Billionaires Index published last month established that the fortunes of the world’s wealthiest 500 billionaires—many of whom will be in attendance—rose 23 percent over the past year, making them $1 trillion richer than at the end of 2016. And the obscene amounts of wealth keep rolling in, with the Dow closing at 26,000 Wednesday, recording its fastest ever 1,000-point rise.

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Democrats and the End(s) of Politics

ROB URIE—Despite the heated rhetoric, Donald Trump’s policies are nearly identical to those of the national Democrats. That Democratic Party loyalists claim great differences suggests first and foremost that they know next to nothing about the policies they claim to support. Bill Clinton and Barack Obama may not have been casual with racist blather the way that Mr. Trump is, but their policies were (so far) more effectively vicious than anything that Donald Trump has done as president.

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Against Identitarian and Generational Divide and Rule

PAUL STREET—The Occupy Wall Street movement that spread across the country six-plus years ago lacked proper organization and strategy, but it deserves credit for having the right enemy – the corporate and financial ruling class. The same can be said to no small degree about the sadly Democratic Party-captive Bernie Sanders campaign, which targeted “the billionaire class” as the main culprit behind the miseries of life in the brutally class-disparate United States. Both populist phenomena – Occupy and the Sanders “movement” – failed to build lasting people’s organizations and failed to properly situate the “One Percent”/“Billionaire Class” within the specific historical contexts of capitalist class rule and capitalism’s “evil twin” imperialism.

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The oligarchy versus society

BARRY GREY—The latest of these is the Bloomberg Billionaires Index published on Friday, which showed that the fortunes of the world’s wealthiest 500 billionaires rose 23 percent over the past year, making them $1 trillion richer than at the end of 2016. The combined wealth of this group reached $5.3 trillion. The gain of $1 trillion was four times last year’s increase.

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The US government and the Russian election

ANDRE DAMON—There is no other country that intervenes in the political affairs of foreign states so directly, regularly and shamelessly as the United States. American foreign policy is one massive intervention in the politics of other countries, running the gamut from propaganda, destabilization, financing of opposition parties, electoral fraud and coups to military bombardment and occupation, all of which taken together have killed more people than any government since Nazi Germany.

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