Posts tagged oligarchy
‘The US is an oligarchy, study concludes’
It’s sad but true. This is something pretty much all critics of crony capitalism can agree on whether on what is traditionally called the “Right” in this country, or the “Left” in this country. Very powerful, very rich interests influence government policy on a fundamental level. From the military industrial complex, to Big Pharma, to the unions, to George Soros, to Carlos Slim, to the auto manufacturers, to the media, to the insurance industry, to the king crony capitalists of them all, the banks.
Straddled atop these interests is the Federal Reserve, the most crony institution ever established.
Of course, since the study comes out of Princeton I am sure the prescribed remedy will be more government regulations (which are always manipulated by the powerful for their ends). I could be wrong. I hope I’m wrong. But invariably with these studies it seems the demon is “powerful business.” A nasty demon at times no doubt, but its counter is not “powerful government.” Academics (at least older academics in my experience) never seem to get that the 2 are entwined. Thus the reason we have not gotten anywhere on this issue for a century.
The average person has long been (perhaps has always been with very few exceptions) on the outs. It just feels particularly bad because we are now better informed. In some ways we actually are better off than we once were. At least now there are outlets such as this one which pay attention to what’s going on. This may represent an important turning point for the better.
On the topic of how the US has long been an oligarchy I encourage everyone, progressives, conservatives, libertarians, to pick up the book Confessions of an Economic Hit Man. I read it years ago and it is an amazing read. It’s the real life story of an “economic hit man” and the stuff he pulled all over the developing world in the 1970s. Pretty crazy stuff.
(From The Telegraph)
Researchers concluded that US government policies rarely align with the the preferences of the majority of Americans, but do favour special interests and lobbying organisations: “When a majority of citizens disagrees with economic elites and/or with organised interests, they generally lose. Moreover, because of the strong status quo bias built into the US political system, even when fairly large majorities of Americans favour policy change, they generally do not get it.”
About Nick Sorrentino
Nick Sorrentino is the co-founder and editor of AgainstCronyCapitalism.org. A political and communications consultant with clients across the political spectrum, he lives just outside of Washington DC where he can keep an eye on Leviathan.
Image credit: http://www.againstcronycapitalism.org
Bernie Sanders Passionately Decries the American Oligarchy on the Senate Floor
Senator Bernie Sanders of Vermont is the longest serving Independent member of Congress in American history. While I certainly don’t agree with him on everything, I have always respected his willingness to call out the Federal Reserve for the fascist cartel that it is. He has often accurately called it “socialism for the rich.” Back in 2010 he explained:
The Federal Reserve loaned $16.1 billion to General Electric and $3 billion to JPMorgan Chase during the 2008 financial crisis, even as Jeffrey R. Immelt of G.E. and Jamie Dimon of JPMorgan sat on the Federal Reserve Bank of New York board of directors. “It is an obvious conflict of interest,” Sen. Bernie Sanders said on Sunday. Sanders wrote the amendment to the Wall Street reform law that required the Fed to disclose some 21,000 transactions involving more than $3.3 trillion during the financial crisis. Fed Chairman Ben Bernanke tried to keep the information secret. It appears that we are very much a country in which we practice socialism for the rich and rugged capitalism for everyone else.
Bernie recently took to the Senate floor to decry the plutocratic, oligarch driven Banana Republic that America has turned into ever since the Wall Street coup of 2008. In a town filled with unconscious money grabbing zombies, he is a giant breath of fresh air. Enjoy.
Video capture added to Mike’s original post.
Published on Oct 17, 2012 by RonPaulCC2012
Ron Paul ‘Constitutionally Correct’ 2012.
Harry Reid has promised that there will not be a vote in the Senate for ‘Audit the Fed’, despite his past support for an audit in 1995. Contact Harry Reid now, and tell him to AUDIT THE FED: 202-224-3542. In addition call your senators and tell them to vote to Audit The Fed!
I think the opening frame of the video says it all and explains why the fear that the oligarchy feels towards the Ron Paul Revolution.
“I have never met a FORMER Ron Paul supporter”
There are occasions that I like to look back at and share information that is basic and that I normally assume to be in the general knowledge. Sadly, I am reminded often through posts read and conversations that this is not the case. Life evolves in a circular fashion. and this is only visible if one can see the past to see the patterns.
Once again we see the potential for history to repeat. Nothing is a given as long as we have an opportunity to divert the natural flow of progress from one stage to the next. Consider what you see and know today, reflect back to earlier eras, then make educated decisions on that basis. Simplicity is the core, while confusion, distraction and division are the goals of the governmental controlled main stream media.
To my knowledge one Constitution was written by or founding fathers. Not a right verses left version, white verses black version or even a this religion verses that religion version.
We The People should appreciate our differences as that is what makes us all unique and focus on the similarities. That is a We The People focus that will join masses to collaborate forces for good verses focusing on differences to only alienate and divide us as a people.
Back to basics, the building blocks of knowledge needed to focus. Without knowledge of were we are, were we should be, the direction we are going and the potential of were we could most likely end up, how do we determine what action is needed?
An explanation of why the Founders chose to design America as a republic, not a democracy and the compelling reasons why a republic must be maintained if individual liberty is to be preserved. http://www.LibertyPen.com
Please visit http://www.youtube.com/user/keithbroaders
Keith Broaders is a fine a very busy patriot. Take time to visit his channel on YouTube listed above to learn more and his site http://www.LibertyPen.com.
Now, should we chose a Republic verses an Oligarchy, that would drastically narrow or chooses for President in the 2012 vote.
Please help to Restore the Republic. Please vote Ron Paul!
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Remarkably, Forbes has allowed an editorial on its website that strongly endorses Ron Paul. Naturally, there are the standard op-ed caveats right up front – the opinions expressed are those of the author and are not necessarily shared by Forbes – but despite this it is sincerely amazing the consummate anti-establishment presidential candidate would end up on the corporatized business-minded Forbes website.
The Benzinga editorial notes that Ron Paul is absolutely spot-on about the economy and has been for years.
QE3 and beyond, the devaluation of the dollar, massive unemployment, tumbling home prices, rising inflation, bankster bailouts, federal deficit spending, and toxic debt into perpetuity – all of it “could have been averted if we had taken heed of Dr. Ron Paul’s warnings years ago.”
This man has been fighting with absolute integrity and honesty for the values that this country was founded on for the last 30 years – sound money, balanced budgets, free markets, non-interventionist foreign policy and civil liberties. Most every other GOP Presidential candidate is an Establishment panderer who is beholden to entrenched special interests. Why should we trust another Establishment politician after being subjected to the lies of George W. Bush and Barack Obama, not to mention nearly every other politician in Washington D.C.?
The Benzinga op-ed states that the 2010 presidential election “may present one of the last opportunities for the American people to rise up against the oligarchy that has run this country into the ground for their own personal benefit at the expense of the majority of the citizens of this deteriorating Republic.”
If Ron Paul can sufficiently stir the American populace, his ideas will take root even if he does not subsequently win the GOP nomination. If this happens, U.S. policy and the entire course of our country could shift much faster than most people realize. Nothing is more powerful than an idea, and few ideas are as powerful as the concept of liberty. It is time that we finally tried something different. Ron Paul represents real change.
The fact Ron Paul’s libertarian message has gained a foothold on the highly stage-managed American political landscape is a testament to the power of the alternative media and the dedication of activists determined to return the United States to a constitutional republic.
The corporate establishment media consistently ignores and downplays Paul, but this has not prevented his message of liberty from sweeping across the country, thanks primarily to alternative media and an open and free internet (for now).
Again, it is quite remarkable Forbes – known by the motto, “The Capitalist Tool” – would publish such an editorial. It is after all considered a stalwart corporate business publication along with Fortune and Business Week.
Is it possible some of the corporatists realize Ron Paul is the last hope to preserve and restore the bedrock constitutional principles that fostered an economic environment that created an abundance of prosperity and wealth the world had never experienced before?
[CIM Comment: Now more than every we need the Champion of the Constitution!]
Please visit Ron Paul’s official campaign site and donate today!