As-of 2014, the top 0.1% of Americans owned almost as much wealth as the bottom 90% did. The top 0.1% owned more than the entire bottom 80% did. Furthermore, America’s billionaires now have an absolute veto-power against any candidate in both Parties’ Presidential primaries, such as Bernie Sanders, whom no billionaire wants to become President. Only candidates who are backed by at least a few billionaires have any realistic chance at all. A candidate whom no billionaire backs is not liable to win the nomination of either of the major Parties. Unfortunately, enough Americans are manipulable enough to be deceived by the ceaseless propaganda that’s funded by the super-rich. Any candidate who opposes the super-rich has virtually no chance to win any election to the federal Government. Many federal officials — and almost every Republican one — even overtly champion the super-rich and at least implicitly denigrate labor and deify capital “the entrepreneur”), but such a situation would be impossible in any nation which has an informed and sane electorate, because it entails the vast majority of voters voting against themselves. People don’t do that unless they are deceived (such as to think “I am an entrepreneur” because they own, maybe, a hamburger stand, or receive some rental income). (Anybody who isn’t backed by at least venture capitalists is no “entrepreneur” that federal politicians are likely to care about.)
Eric Zuesse, originally posted at Strategic Culture
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