PLUTOCRATS

ERIC ZUESSE—Most of Ukraine’s oligarchs live in Geneva (like Kolomoyskyi), London (like the Tymoshenkos’ daughter, Yevhenia), NYC, Rome, and other Western cities, and they tend to stash their money in secret bank accounts in tax-haven countries, not only in order to avoid paying taxes, but also in order to make more difficult their being successfully sued by each other, for violating handshake business deals that had helped them to become so rich. After all, illegal contracts cannot be enforced by any legal government (since they’re illegal, and have secret illegal terms). Thus, other means than written contracts — handshake deals — are resorted to between these aristocrats.

EDITOR—The US elite neoliberal revolution that was fully launched in the 1970s has now arrived at its logical conclusion, with a very small group of billionaire and multi-billionaire oligarchs utterly controlling the government through political donations. A type of outright bribery fully legalized by the Supreme Court in a number of judgements that started with the 1976 Buckley vs. Veleo case, found full force with the 2010 Citizen’s United vs. FEC case and continued with the 2014 McCutcheon vs. FEC case. With political bribes and concentrated money attacks on progressive (and anti-Zionist) candidates now legally defined as protected free speech, combined with the massive concentration of wealth at the very top of wealth pyramid, US politicians are now fully courtiers of the 0.001%.

Elon Musk is rare among the mega-rich in that he has multitudes of superfans who love every move he makes. And the Musk aficionados provided the loudest cheers when the Tesla CEO reported he would be purchasing Twitter, and possibly bringing back the principle of free speech to social media. But those cheers were no doubt misguided as Musk is unquestionably a tool of the establishment and not that rare sort of billionaire looking to upend the existing system controlled by Wall Street, military contractors, Big Pharma and other powerful interests.