Tag Archives: Plutocracy

How Interlinked Corporations Rule The World

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By Kris Kanthan

Source: Activist Post

Globalism is just like the mafia, but with lot more complexity and respectability. If you have watched mob films such as The Godfather, you can understand how the world works. For example, in Godfather II, a bunch of mobsters get together in Havana, Cuba, to celebrate Hyman Roth’s birthday. As the birthday cake is symbolically cut into pieces and distributed, Roth tells the group how Cuba will be split up amongst the guests. Extrapolate this scene to the world, you can visualize how the world works.

Corporations to Central Banks

The power structure of global elites is like nested Russian dolls made up of corporations. How many people realize that KFC, Taco Bell and Pizza Hut are owned by the same corporation? Or that HBO, CNN, TBS, TNT, Cartoon Network all report to the same boss? Or that whether you drink Budweiser, Corona, Stella, Busch or Michelob (and dozens of others), you end up paying one giant corporation?

Who controls these corporations? It’s not the CEO, as most people believe. The real control lies in the hands of the largest shareholders and/or the Board of Directors. The Board of Directors of all giant corporations are linked to each other by one or two degrees of separation. Some elites even sit on multiple boards at the same time. For example, Rochelle Lazarus sits on the boards of Merck, GE and Blackstone; Jon Huntsman sits on the boards of Hilton, Ford, Caterpillar and Chevron; and Timothy P. Flynn is a director at JP Morgan Chase, Wal-Mart, Alcoa and United Healthcare. Think for a moment how all these corporations would seem totally unrelated to a regular person.

Below is an image that show how the Boards at Netflix and Procter & Gamble are linked to some other popular corporations. (Note: this is a partial list of connections).

The Board of Directors report to the next level of bosses, the financial overlords. All the public corporations in the West – and much of the world now – are controlled by large shareholders, who are giant financial corporations. Thus a study in 2011 showed that fewer than 150 mega corporations pretty much control all the corporations in the world! Some of these have recognizable names such as Barclays or JP Morgan; other names such as State Street or AXA are hardly known outside the financial circles, yet they have incredible influence and wealth.

For these people, it doesn’t matter if you buy Pepsi or Coke; cars from GM or Ford or Toyota; or produce from Walmart or Safeway. It also doesn’t matter to them if you watch ABC or NBC or Fox. Your money goes to the same place.

There are also a few individuals like Carl Icahn or Paul Singer who can borrow billions of dollars at 0%, buy tons of shares of a corporation, change its policies (say, the dividends given out), and make a killing few months later. This is how the financial mafia’s shakedown works.

On the top of the food chain are the central banks who have the amazing ability to create money out of thin air. As Rothschild once said, “Give me control of a nation’s money supply, and I don’t care who makes the laws.” These people are the ultimate Godfathers of globalism. They determine the winners and the losers in capitalism, and thus control all the corporations (including the media), politicians, militaries, and the Deep States around the world.

How to use Corporations

All these corporations are but tools to be used for a higher purpose – controlling people. The financial system is the primary tool used to control nations. Any nation’s debt, wealth, credit rating, stock market, etc. can be manipulated by Wall Street, which is the financial weapon of mass destruction.

There are other corporations that wield power in less obvious ways. GMOs are effective weapons in controlling nations (if a country has to buy seeds and pesticides from foreign corporations every year, that country will stay submissive). Big Pharma and medicines also create dependencies in people and nations.

Above all, globalists strive for the ability to control what people think. This is where media, entertainment and the Internet come into play. Fortunately, all are corporatized, so that Facebook, Twitter, Google, mainstream media, and Hollywood can all work together to form the Ministry of Truth and control what people all over the world feel, think and believe.

The Internet is also a great tool to spy on people and leaders of nations all over the world. This comes in handy when uncooperative leaders have to be blackmailed or overthrown (example: anti-US Brazilian president, Rousseff, was removed by a leaked phone call. The NSA had spied on her and tapped her phone).

When Corporations Need Some Help…

Corporatocracy needs a lot of help in a “free market,” and that’s where military and politics come into play. Globalism demands that all the natural resources around the world be privatized, people of all nations be ready to work for the globalists, and all the economies be open for the corporations to sell their products. When nations resist this trend, they will suddenly face extraordinary problems. (Those who are familiar with John Perkins and his work as an “Economic Hit Man” understand this process.)

An ideal nation will be a vassal nation which will generously share and privatize its natural resources, provide cheap labor, open its markets to multi-national corporations, borrow excessive amounts from the World Bank and IMF, buy a lot of US treasury bonds, host US/NATO military bases, purchase US/EU weapons, and vote in the UN as instructed.

In the mafia movies, people who need to be persuaded may receive a dead fish wrapped in a newspaper or may wake up next to a horse’s head on their beds. In geopolitics, the warnings come in the form of color revolutions (Georgia, Ukraine), attacks by Islamic terrorists (Libya, Syria, Philippines), rise of separatist movements (Kurdistan, Balochistan), hostile attitudes from neighboring countries (Qatar, Iran), etc. If those don’t work, there will be sanctions (Venezuela) and eventually a shock and awe invasion. Unlike the mobster world who can simply carry out a helicopter attack(Godfather II), globalists put in a lot of efforts to justify their overt violence. This task of selling a war is carried out by press, pundits and politicians.

In my book, “Syria – War of Deception,” I explain the geopolitics of proxy wars, Islamic terrorism, and the struggle for global hegemony.

Politicians are also key stakeholders in globalism, and they sell to the public treaties such as NAFTA, WTO and TPP that give corporations power over individual nations. Secretary of State Hillary Clinton said in a speech (exposed by WikiLeaks) that the plan is to create a “hemispheric common market” that would be a union of North, Central and South Americas. There are also political unions that go beyond trade treaties – the creation of EU being an excellent example.

The Beginning of the end? 

People who’re not caught up in the daily drama can see enormous problems with the current system. Globalists have used fake, fiat money to push the U.S. and most nations around the world into colossal debt. The entire global economy is sustained by artificial interest rates, real estate bubbles, stock market bubbles, and fictitious assets such as $500 trillion of derivatives (when the global GDP is only $75 trillion). We live in a real world that’s dependent on a Ponzi system fueled by virtual assets. While globalists keep assuring us how wonderful things are, the uber rich now have more wealth than ever before – just one-fifth of one percent of the world have a net worth of $63 trillion!

Most leaders of countries around the world have bought into this globalist system, either willingly or grudgingly. However, there are a few who are still resisting it to various degrees – North Korea does it belligerently; Syria, Iran, Venezuela and Russia do it defensively; and some such as China, Myanmar and the Philippines do it in more nuanced ways.

There’s also resistance to globalism from the left and the right of the political spectrum, albeit for different reasons.

The next twenty years may be the most significant in modern human history. Entire nations, societies and our way of life may change irrevocably. Will there be a challenge to the current world order either from sovereign nations or grassroots level organizations? Or will we say, “fuggedaboutit” and meekly go along, hoping for the best?

 

Chris Kanthan is the author of a new book, Syria – War of Deception. It’s available in a condensed as well as a longer version. Chris lives in the San Francisco Bay Area, has traveled to 35 countries, and writes about world affairs, politics, economy and health. His other book is Deconstructing Monsanto.

America is Disneyland

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By Chris Kanthan

Source: Activist Post

Disneyland is the Happiest Place on Earth! Millions of families visit the theme park every year to enjoy the magical place of rides, spectacular shows and cheerful cartoon figures. Everything is clean, perfect and joyful. Unless … you realize that Cinderella might actually be homeless. That’s right, 10% of Disneyland’s employees are actually homeless, many more are on food stamps, and 75% struggle to make ends meet.

Does this ring familiar? Think of America. Behind the façade of being the greatest country on Earth with the largest GDP and the wealthiest billionaires, there are tens of millions of Americans who are left behind just like Disney’s employees.

This neo-feudalistic model isn’t isolated to Disney or Walmart, it’s systemic. For example, the bus driver at Apple – which has $280 billion in cash – is forced to sleep in a van because he can’t afford the Silicon Valley rent; Facebook’s cafeteria workers live in a garage; and thousands of American Airlines’ employees are forced to depend on food stamps.

America is being eaten alive by corporate greed; and Disneyland has been taken over by Scrooge.

Let’s look at some Disney Inc. statistics.

Total profit per year: $9 billion

Total employees: 200,000

Notice that the profit reflects what’s left after all the expenses, including the salaries, have been paid. So, in a utopian world, the Disney management will do the math ($9 billion / 200,000 = $45,000) and send a check for $45K to every employee, Mickey included. That kind of profit-sharing would really make Disneyland the happiest place on Earth. Does that happen? No way!

Does Cinderella get a check for perhaps $20K, $10K, $5K or even $1K? Nope, nope, nope, nope. Cinderella gets nada, zero, zilch. She should be content with the $12/hour salary and must smile happily for the kids.

In Disneyland, Cinderella never gets to meet her prince.

Disney’s CEO gets paid $46 million a year, which translates to $23,000 an hour. Imagine Disney’s CEO coming to work on Jan 2nd. He wishes a few people “happy new year,” orders coffee, sits on his desk, makes a few phone calls … and he has already made more money than what Ariel would make during the rest of the year.

Of course, the CEO should get paid more, but does he deserve a salary that’s equivalent to 2,000 Disney employees? If the CEO doesn’t show up for work for a day, Disneyland will continue running. If 2,000 employees take a day off, the park would be shut down.

In the 1960s, the CEO-to-worker salary ratio was 25. Today it’s often 600 or more, sometimes even more than 1000 (for example, at Walmart). Much of the executive compensation comes in the form of stock options and bonuses based on stock performance. In a rational and unrigged world, the CEOs would increase their revenues and profits to get bonuses. Not anymore.

Now, the CEOs simply use a no-brainer solution to boost the stock prices – it’s called stock buybacks or share repurchases. This involves a firm using corporate profits (or even borrowed money) to buy its own stocks. BTW, this used to be illegal until the 1980s.

Since 2007, US corporations have spent trillions of dollars on stock buybacks. In 2018 alone, they will spend $800 billion on this financial engineering tool (which has also led to a massive stock market bubble). They won’t use the billions to hire Americans, boost wages or innovate new products. Instead, the CEOs will buy yachts and tell you that Chinese or Mexicans stole your jobs.

Do the low-wage employees of Disneyland get any shares or stock options? A silly question, indeed.

Thus we have a situation where American employers ruthlessly exploit American workers. This isn’t a good model for a country. China and Mexico don’t make us poor; predatory capitalism does.

Paying good wages to hardworking employees is not socialism or communism. Henry Ford understood this when he more than doubled the wages of his workers in 1914.

However, hundred years later, maximizing profit has become a fundamentalist dogma. You can imagine a conversation among the factory-farming executives:

Guy #1: Why the heck are these chickens roaming out in the farms? We would save so much money if we lock them up in cages.

Guy #2: Brilliant idea! Let’s lock up five chickens in a cage. We will save more. More is always better.

Guy #3: I really don’t understand why we feed them expensive salads and healthy stuff. Let’s feed them cheap GMO corn and GMO soy from my friends at Monsanto.

Guy #4: Experts tell me that if we give them caffeine and anti-depressants, the chickens will stay awake longer, eat more, and get fatter.

Guy #5: And when they get sick, load them up with antibiotics and steroids.

Guy #5: These stupid chickens are also so small. Let’s drug them with some growth hormones. I am getting a lot of pressure from the private equity funds about profits per chicken.

Apart from being inhumane and psychopathic, this system forgets or ignores the fact that we have to eat these chickens. Sick chicken = sick people. Call it Karma or “revenge of the chickens.”

Similarly, poor workers = poor country. And you can imagine a similar conversation among corporate executives regarding workers – “cut their wages and benefits”, “make them work overtime”, “hire part-time employees rather than full-time” and so on.

You can’t grow the economy if American workers don’t get paid enough, especially by profitable multi-billion dollar corporations. 2/3rd of our GDP is based on consumer spending. It’s no wonder that in the last ten years, the US economy cumulatively grew only by a dismal 35%. Compare that to China, which grew by an astounding 200% during that same period.

And it’s not a coincidence that China’s average wages have more than doubled in the same period:

The solution for low wages primarily lies in the hands of corporate elites. Labor unions are almost non-existent in the private sector these days; and the government doesn’t have much control over corporate America – in fact, corporations control the U.S. political system. Free market doesn’t have to translate to cancerous greed and extreme exploitation. Free market also means that corporations are free to share their profits with their employees. Finally, free market can and must also incorporate patriotism, responsibility to the society and strategies for sustainable prosperity.

 

Chris Kanthan is the author of a new book, Deconstructing the Syrian War. Chris lives in the San Francisco Bay Area, has traveled to 35 countries, and writes about world affairs, politics, economy and health. His other book is Deconstructing Monsanto. Follow him on Twitter: @GMOChannel

 

 

The ‘Values,’ ‘Vision,’ and ‘Democracy’ of an Inauthentic Opposition

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Average Americans, whose economic survival is threatened, have no political party to represent them, including deceptive Democrats who claim to be their champions and blame others when their deception fails, says Paul Street.

By Paul Street

Source: Consortium News

Never underestimate the capacity of the United States’ Inauthentic Opposition Party, the corporate Democrats, for self-congratulatory delusion and the externalization of blame.

Look, for example, at the Democratic National Committee’s (DNC) recently filed 66-page lawsuit against Russia, WikiLeaks, and the 2016 Donald Trump campaign. The document accuses Russia of “mount[ing] a brazen attack on the American democracy,” “destabilize[ing] the U.S. political environment” on Trump’s (and Russia’s) behalf, and “interfering with our democracy….”

“The [RussiaGate] conspiracy,” the DNC Complaint says, “undermined and distorted the DNC’s ability to communicate the [Democratic] party’s values and vision to the American electorate” and “sowed discord within the Democratic Party at a time when party unity was essential…”

Yes, Russia, like numerous other nations living under the global shadow of the American Superpower, may well have tried to have some surreptitious say in 2016 U.S. presidential election. (Why wouldn’t the Kremlin have done that, given the very real and grave threats Washington and its Western NATO allies have posed for many years to post-Soviet-era Russian security and peace in Eastern Europe?)

Still, charging Russia with interfering with US-“American democracy” is like me accusing the Washington Capital’s star left winger Alex Ovechkin of interfering with my potential career as a National Hockey League player (I’m middle aged and can’t skate backwards). The U.S. doesn’t have a functioning democracy to undermine, as numerous careful studies (see this,this,this,this,this,this,this,this, and this) have shown.

We have, rather, a corporate and financial oligarchy, an open plutocracy. U.S.-Americans get to vote, yes, but the nation’s “unelected dictatorship of money” reigns nonetheless in the United States, where, as leading liberal political scientists Benjamin Page (Northwestern) and Marin Gilens (Princeton) find, “government policy…reflects the wishes of those with money, not the wishes of the millions of ordinary citizens who turn out every two years to choose among the preapproved, money-vetted candidates for federal office.”

Our Own Oligarchs

Russia and WikiLeaks “destabilized the U.S. political environment”? Gee, how about the 20 top oligarchic U.S. mega-donors who invested more than $500 million combined in disclosed campaign contributions (we can only guess at how much “dark,” that is undisclosed, money they gave) to candidates and political organizations in the 2016 election cycle? The 20 largest organizational donors also gave a total of more than $500 million. The foremost plutocratic election investors included hard right-wing billionaires like casino owner Sheldon Adelson ($83 million disclosed to Republicans and right-wing groups), hedge-fund manager Paul Singer ($26 million to Republicans and the right), hedge fund manager Robert Mercer ($26 million) and packaging mogul Richard Uihlein ($24 million).

How about the multi-billionaire Trump’s own real estate fortune, which combined with the remarkable free attention the corporate media oligopoly granted him to help catapult the orange-tinted fake-populist beast past his more traditional Republican primary opponents? And what about the savagely unequal distribution of wealth and income in Barack Obama’s America, so extreme in the wake of the Great Recession that Hillary’s primary campaign rival Bernie Sanders could credibly report that the top tenth of the upper U.S.1% possessed nearly as much wealth as the nation’s bottom 90%? Such extreme disparity helped doom establishment, Wall Street- and Goldman Sachs-embroiled candidates like Jeb Bush, Marco Rubio, and Mrs. Clinton in 2016. Russia and WikiLeaks did not create that deep, politically- and neoliberal-policy-generated socioeconomic imbalance.

Double Vision

And just what were the Democratic Party “values and vision” that Russia, Trump, and WikiLeaks supposedly prevented the DNC and the Clinton team from articulating in 2016? As the distinguished political scientist and money-politics expert Thomas Ferguson and his colleagues Paul Jorgensen and Jie Chen noted in an important study released three months ago, the Clinton campaign “emphasized candidate and personal issues and avoided policy discussions to a degree without precedent in any previous election for which measurements exist….it deliberately deemphasized issues in favor of concentrating on what the campaign regarded as [Donald] Trump’s obvious personal weaknesses as a candidate.” Strangely enough, the Twitter-addicted reality television star Trump had a lot more to say about policy than the former First Lady, U.S. Senator, and Secretary of State Hillary Clinton, a wonkish Yale Law graduate.

The Democrats “values and vision” in 2016 amounted pretty much to the accurate but hardly inspiring or mass-mobilizing notion that Donald Trump was an awful person who was unqualified for the White House. Clinton ran almost completely on candidate character and quality. This was a blunder of historic proportions, given Clinton’s own highly problematic character brand. Any campaign needs a reasonably strong policy platform to stand on in case of candidate difficulties.

By Ferguson, Jorgenson, and Chen’s account, Hillary’s peculiar policy silence was about U.S. oligarchs’ campaign money. Thanks to candidate Trump’s bizarre nature and his declared isolationism and nationalism, Clinton achieved remarkable campaign finance success with normally Republican-affiliated capitalist sectors less disposed to abide the standard, progressive-sounding policy rhetoric of Democratic Party candidates than their more liberal counterparts.

One ironic but “fateful consequence” of her curious connection to conservative business interests was her “strategic silence about most important matters of public policy. … Misgivings of major contributors who worried that the Clinton campaign message lacked real attractions for ordinary Americans were rebuffed. The campaign,” Ferguson, Jorgenson, and Chen wrote, “sought to capitalize on the angst within business by vigorously courting the doubtful and undecideds there, not in the electorate.”

Other Clinton mistakes included failing to purchase television ads in Michigan, failing to set foot in Wisconsin after the Democratic National Convention, and getting caught telling wealthy New York City campaign donors that Trump’s white supporters were “a basket of” racist, sexist, nativist, and homophobic “deplorables.” This last misstep was a Freudian slip of the neoliberal variety. It reflected and advanced the corporate Democrats’ longstanding alienation of and from the nation’s rural and industrial and ex-industrial “heartland.”

Fake Progressives

As left historian Nancy Fraser noted after Trump was elected, the Democrats, since at least the Bill Clinton administration, had joined outwardly progressive forces like feminism, antiracism, multiculturalism, and LGBTQ rights to “financial capitalism.” This imparted liberal “charisma” and “gloss” to “policies that …devastated…what were once middle-class lives” by wiping out manufacturing, weakening unions, slashing wages, and increasing the “precarity of work.”

To make matters worse, Fraser rightly added, the “progressive neoliberal” blue-and digital-zone Democrats “compounded” the “injury of deindustrialization” with “the insult of progressive moralism,” which rips red-and analog-zone whites as culturally retrograde (recall candidate Obama’s problematic 2008 reflection on how rural and small-town whites “cling to religion and guns”) and yet privileged by the simple color of their skin.

Such insults from elite, uber-professional class neo-liberals like Obama (Harvard Law) and the Clintons (Yale Law) would sting less in the nation’s “flyover zones” if the those uttering them had not spent their sixteen years in the White House governing blatantly in accord with the wishes of Wall Street, Silicon Valley, and the leading multinational corporations. Like Bill Clinton’s two terms, the Obama years were richly consistent with Sheldon Wolin’s early 2008 description of the Democrats as an “inauthentic opposition” whose dutiful embrace of “centrist precepts” meant they would do nothing to “substantially revers[e] the drift rightwards” or “significantly alter the direction of society.”

The fake-“progressive” Obama presidency opened with the expansion of Washington’s epic bailout of the very parasitic financial elites who recklessly sparked the Great Recession (this with no remotely concomitant expansion of federal assistance to the majority middle- and working-class victims), the abandonment of campaign pledges to restore workers’ right to organize (through the immediately forgotten Employee Free Choice Act), and the kicking of Single Payer health care advocates to the curb as Obama worked with the big drug and insurance syndicates to craft a corporatist, profit-friendly health insurance reform. Obama’s second term ended with him doggedly (if unsuccessfully) championing the arch-authoritarian global-corporatist Trans Pacific Partnership.

This Goldman Sachs and Citigroup-directed policy record was no small part of what demobilized the Democrats’ mass electoral base in ways that “destabilized the U.S. political environment” to the benefit of the reactionary populist Trump, whose Mercer family-backed proto-fascistic strategist and Svengali Steve Bannon was smartly attuned to the Democrats’ elitist class problem.

There was a major 2016 presidential candidate who ran with genuinely progressive “values and vision” – Bernie Sanders. The most remarkable finding in Ferguson, Jorgenson, and Chen’s study is that the self-declared “democratic socialist” Sanders came tantalizingly close to winning the Democratic presidential nomination with no support from Big Business. The small-donor Sanders campaign was “without precedent in American politics not just since the New Deal, but across virtually the whole of American history … a major presidential candidate waging a strong, highly competitive campaign whose support from big business was essentially zero.”

Sanders was foiled by the big-money candidate Clinton’s advance control of the Democratic National Committee and convention delegates. Under a formal funding arrangement it worked up with the Democratic National Committee (DNC) in late September of 2015, the depressing “lying neoliberal warmonger” Hillary’s campaign was granted advance control of all the DNC’s “strategic decisions.” The Democratic Party’s presidential caucuses and primaries were rigged against Sanders in ugly ways that provoked a different lawsuit last year – a class-action suit against the DNC on behalf of Sanders’ supporters. The complaint was dismissed by a federal judge who ruled on the side of DNC lawyers by agreeing that the DNC was within its rights to violate their party’s charter and bylaws by selecting its candidate in advance of the primaries.

How was that for the noble “values and vision” that “American democracy” inspires atop the not-so leftmost of the nation’s two major and electorally viable political parties?

Under Cover of Russia-gate

That’s what “sowed discord within the Democratic Party at a time when party unity was essential…” Russia didn’t do it. Neither did WikiLeaks or the Trump campaign. The Clinton campaign and the Democratic Party establishment – themselves funded by major U.S. oligarchs like San Francisco hedge-fund billionaire Tom Steyer– did that on their own.

Could Sanders – the most popular politician in the U.S. (something rarely reported in a “mainstream” corporate media that could barely cover his giant campaign rallies even as it obsessed over Trump’s every bizarre Tweet) – have defeated the orange-tinted beast in the general election? Perhaps, though much of the oligarchic funding Hillary got would have gone to Trump if “socialist” Bernie had been the Democratic nominee. It is unlikely that Sanders could have accomplished much as president in a nation long controlled by the capitalist oligarchy in numerous ways that go far beyond campaign finance alone.

Meanwhile, under the cover of RussiaGate, the still-dismal and dollar-drenched corporate-imperial Democrats seem content to continue tilting to the center-right, purging Sanders-style progressives from the party’s leadership and citing the party’s special election victories (Doug Jones and Conor Lamb) against deeply flawed and Trump-backed Republicans in two bright-red voting districts (the state of Alabama and a fading Pennsylvania canton) as proof that tepid neoliberal centrism is still (even after Hillary’s stunning defeat) the way to go.

Along the way, the Inauthentic Opposition’s candidate roster for the upcoming Congressional mid-term election is loaded with an extraordinary number of contenders with U.S. military and intelligence backgrounds, consistent with Congressional Democrats repeated votes to give massive military and surveillance-state funds and power to a president they consider (accurately enough) unbalanced and dangerous.

The trick, the neoliberal “CIA Democrats” think, is to run conservative, Wall Street-backed imperial and National Security State veterans who pretend (see Eric Draitser’s recent piece on “How Clintonites Are Manufacturing Faux Progressive Congressional Campaigns”) to be aligned with majority-progressive left-of-center policy sentiments and values. It’s still very much their party.

Whatever happens during the next biennial electoral extravaganza, “the crucial fact” remains, in Wolin’s words nine years ago, “that for the poor, minorities, the working class and anti-corporatists there is no opposition party working on their behalf” in the United States – the self-declared homeland and headquarters of global democracy.

 

Paul Street is an independent radical-democratic policy researcher, journalist, historian, author and speaker based in Iowa City, Iowa, and Chicago, Illinois.  He is the author of seven books. His latest is They Rule: The 1% v. Democracy (Paradigm, 2014). 

US Technological Transformations and the Narcotic-Fueled Genocide of American Workers

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By James Petras

Source: The Unz Review

Introduction

During his recent visit to New Hampshire on 3/20/18, President Trump declared once again that the US is facing a ‘drug epidemic’. This time he advocated the death penalty for criminal drug dealers as the solution to a national crisis that has killed over 1 million Americans since the 1990’s (when the blockbuster prescription opiate Oxycontin was first released on the market). Trump promised that the Justice Department would develop the most severe penalties for criminal drug traffickers, by which he meant foreigners. He argued that his proposed “Wall” (between the Mexican- US border) would cut the flow of drugs responsible for the ongoing addiction of millions of US citizens – as though the prescription opiate addiction epidemic resulted from a foreign invasion, and not corporate decisions from Big Pharma.

President Trump’s claim that 116 ‘drug deaths’ occur every day (42,000 a year) is a major underestimate. In 2017, alone over 64,000 drug overdose deaths were reported in official statistics (with many unreported cases signed off as natural or undetermined, especially in counties too poor to afford autopsies and expensive forensic toxicology). Another 4 million Americans, at least, are currently addicted to opioids and at risk for overdose.

In comparative terms, more American workers have been killed or devastated by narcotics (mostly via prescription) in 2017 alone, than in the entire decade of the Vietnam War with its 58,000 dead and 500,000 wounded. In 2017, 40,000 Americans died in motor vehicle accidents and another 39,000 by gun violence – and these statistics are not broken down to include vehicular accidents due to drug intoxication or gun violence over drugs. Prescription or illegal opiates, alone or mixed with other sedative drugs, like Valium, or alcohol, are the most prominent and preventable cause of premature death in the United States today.

This pattern is unique to the United States, where the irresponsible medical prescription of highly addicting narcotics has been the primary portal of entry into the degrading life of addiction for millions. Despite President Trump’s claims, the addiction crisis is not a product of urban Afro-American street dealers or Mexican narco-traffickers: This uniquely American crisis has been created and fueled by billionaire-owned US pharmaceutical corporations, which produced, distributed and wildly profited from legal narcotics. They were aided by the irresponsible prescription practice of tens of thousands of doctors and other ‘providers’ who introduced millions of vulnerable patients to the world of narcotic dependency – including youngsters with sports injuries and workers with job-related pain. These are physicians and medical providers who rarely stopped to examine their own responsibility, even when their otherwise healthy patients overdosed or were destroyed by addiction. It is especially outrageous that doctors and ‘Big Pharma’ worked hand in hand for over 20 years to create this epidemic, enjoying wild profits and almost total legal immunity. Few have dared to openly question their irresponsibility and greed. In the poorest and most vulnerable areas of this country, the most irresponsible and unaccountable incompetence has replaced real medical care and created a health care apartheid.

The Federal Drug Enforcement Agency (FDA) and the Drug Enforcement Agency (DEA) have protected the corporate drug traffickers and ensured the manicured and cultured narco-bosses the highest rates of return on their products. These polished pushers have their names engraved on the walls of museums and opera houses around the country.

The majority of Presidential, Federal, State and municipal candidates from both major parties have received millions of dollars in electoral campaign funds from these huge legal narcotic manufacturers and distributors, as well as from physicians and other representative of the ‘pain-treatment industry’. Over the past decades, politicians have openly or secretly opposed or weakened legislation designed to address this crisis.

Why not just ask President Trump to direct his Justice Department to impose the death penalty on the board of directors of the big corporate narcotic manufacturers or distributors or on the CEOs of major ‘pain clinics’ or on the owners of local rural ‘health centers’ that drove the villagers of West Virginia into their life-destroying downward spirals?

When will the DEA finally storm the medical centers to arrest the over-prescribing ‘providers’ of narcotics and benzodiazepine tranquilizers (a very common deadly combination)?

When will the SWAT teams seize the vacation homes of the CEOs of major US hospitals where the convenient and fake ideology of promising a ‘pain-free’ experience (‘make it Zero on the Pain Scale’) led to the generalized promotion of highly addicting narcotics for minor injuries, arthritic pain, or chronic back discomfort due to work or obesity? Responsible alternatives existed and were used in the rest of the world – largely untouched by this prescription-fueled crisis.

No doubt what President Trump has in mind is something else: the expulsion of Latin American workers under the pretext of going after the drug dealers and the even more massive incarceration of petty street dealers in the African American community.

Trump will then turn to further monitoring and arresting small-scale American marijuana farmers, who earn a basic income from growing a product that many believe is safe, non-addicting, and significantly reduces demand for dangerous narcotics.

As ugly as this all seems, the complicity of the political, economic and the medical elite in exponentially spreading deadly narcotics among the poor, working class and downwardly mobile middle class, points to a deeper and more sinister policy goal: the systematic elimination of millions of American workers made redundant in the new economy. This is a ‘gentler genocide’, where millions of workers die prematurely seeking an escape from pain as they have been replaced by a new technology and a new ideology: Robots, artificial intelligence and digitalization have rendered them disposable, while the out-sourcing of work to low paid overseas laborers and immigrants have guaranteed unimaginable profits for the elite decision makers.

This highly profitable process, benefiting the political, pharmaceutical, financial, police and judicial elites, conveniently blames the victims, a significant proportion of whom come from the poor and working class in this country, including white rural and small town addicts, especially youth, stuck at minimum wage jobs with no prospects of a decent future – injured construction workers, 15% of whom abuse prescription narcotics for work-related injuries, as well as the marginalized petty drug dealers from the urban slums and desperate Latino immigrants forced to accommodate the cartels. These people have little rights and are easily monitored, incarcerated, expelled and just written-off in one-line obituaries.

The narcotic-fueled genocide had grown out of a calculated corporate strategy meant to cull and subdue a huge population of potentially restive marginalized workers and their families, blaming the overdosing victims for their own ‘irresponsible’ choices, their reliance on prescription opiates, their lack of access to competent medical care, and their untimely deaths as though this were all a collective suicide as the great nation marches forward.

The higher the death toll among marginalized Americans, the greater the reliance on political distractions and racist deceptions. President Trump loudly blames street-level retail distributors, while ignoring the links between tax-exempt mega-billionaires who have profited from the shortened life-expectancies of addicted workers (scores of billions of dollars already saved in future pension and health care expenses) and the millions fired for addiction and denied jobless benefits and treatment. Trump has yet to even mention the actions of the legal pharma-medical industry that set this in motion.

Meanwhile, the Democratic Party leaders denounce the worker-victims of addiction and their communities as ‘irresponsible and racist’, for having believed the populist rhetoric of candidate Trump. Trump’s most intense rural areas of support coincided with areas of the worst opioid addiction and suicide rates. Trump’s rival, Hillary Clinton wrote off scores of millions of vulnerable Americans as ‘deplorables’ and never once addressed the addiction crisis that grew exponentially during her husband’s administration.

Since the implementation of NAFTA during the 1990’s, scores of millions of American workers have been relegated to unstable, low paid jobs, deprived of health benefits and subject to grueling work, prone to physical and mental injuries. Workplace injuries set the stage for the prescription narcotic crisis. Even worse, today workers are constantly distracted by electronic gadgets at the workplace, with their orders from above arriving digitally. These highly profitable gadgets have created enormous distractions and contributed to workplace death and injuries. The plaything of choice for the masses, the I-phone, has added to the addiction crisis, by increasing the rate of injury. This mind-numbing distraction, produced abroad at incredible profit, has played an unexplored role in the increase in premature death in the US.

The corporate narcotic elites, like the ultra-cultured Sackler clan owners of Perdue Pharmaceuticals, and their allies in the finance sector, support the diverse ideological distractions fashioned by their politician pawns: Eager to please her donor-owners, Hillary Clinton and the Democrats blame the working class for their backwardness and genetic propensity to addiction and degradation. Meanwhile, President Trump and the Republicans blame ‘outside’ suppliers and distributors including Mexican narco-cartels, illegal immigrant traffickers, black urban street dealers and now point to overseas Chinese fentanyl labs – as though the entire crisis came from the outside. Trump’s approach flies in the face of the unquestionable source of most narcotic addiction in the US: Irresponsible prescribing of highly addicting legal narcotics.

No other industrialized country is experiencing this scale of addiction and pre-mature death. No other industrialized country relies on a private, for-profit, unregulated system of delivering medical care to its citizens. Only the US.

Both elite political parties avoid the basic issue of the long-term, large-scale structural imperatives underlying the transformation of the US work places. They refuse to address the marginalization of tens of millions of American workers and their families, made disposable by corporate economic and political decisions.

The US corporate elite are completely incapable of developing, let alone favoring, any policy that addresses the needs of millions of surplus office and factory workers and their family members replaced by new technology and ‘global’ economic policies. The American financial and political elite is not about to support an economic, political and cultural ‘GI’ bill to save the scores of millions shoved to the wayside in their rush to obscene wealth and power.

The unstated, but clearly implemented, ‘final solution’ is a Social Darwinian policy of active and passive neglect, the unleashing of profitable prescription narcotics into the population of vulnerable disposable workers, offering them a convenient, painless way out – the opioid solution to the over-population problem of redundant rural and small town ‘Helots’. The political elite’s willing complicity with Big Pharma, the medical profession, the financial oligarchs and the prison-industrial complex has transformed the country in many ways. Shortened lives and depopulation of rural and small town communities translates into lower demand for public services, such as schools, health care, pensions and housing. This is guaranteeing a greater concentration of national wealth in the hands of a tiny elite. The financial press has openly celebrated the projected decrease in pension liabilities as a result of the drop in worker life expectancy.

The ongoing mass genocide by opioids may have started to arouse popular discontent among working people who do not want to continue dying young and miserable! Social services and child protective services for the millions of orphaned or abandoned children of this crisis have been demanding real policies. Unfortunately, the usual platitudes and failed policies prevail. Drug education and ‘opioid addiction treatment’ programs (currently among the largest expense in some union health plans) are pointless Band-Aids when confronted by the larger policy decisions fuelling this crisis. Nevertheless, thousands of health care professionals are beginning to resist corporate pressure to prescribe cheap opioids – and fight for more expensive, but less dangerous, alternative for addressing their patients’ pain. Even if all medical providers stopped over-prescribing narcotics today, there are still millions of addicts already created by past practice, who seek the most deadly street drugs, like fentanyl, to feed their addiction.

Politicians now publicly denounce ‘Big Pharma’, while privately winking at the lobbyists and accepting millions from their ‘donor-owners’.

Public critics in the corporate media are quick to condemn the workers’ susceptibility to narcotic addiction but not the underlying causative imperatives of global capitalism.

Mainstream academics celebrate corporate technological advances with occasional neo-Malthusian warnings about the dangers of millions of redundant workers, while ignoring the profit-driven role of narcotics in reducing the social threat of excess workers!

Finally the role of an elite and respected profession must be re-evaluated in a historic context: In the 1930’s German doctors helped develop an ideology of ‘racial hygiene’ and a technology to demonize and eliminate millions of human beings deemed redundant and inferior, through overwork in slave camps, starvation and active genocide – serving the ambitions of Nazi expansionism and deriving significant profit for select individuals and corporations. US physicians and the broader medical community have less consciously assisted in the ongoing ‘culling of the herd’ of American laborers and rural residents rendered superfluous and undesirable by the decisions of a global oligarchy increasingly unwilling to share public wealth with its masses. There are similarities.

Once prosperous, industrial cities and towns, as well as rural villages, in the US have seen marked declines in populations and a premature death crisis among those who remain.

This must be reversed.

 

The Fall of the American Empire

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By W.J. Astore

Source: Bracing Views

Why do empires fall?  Sometimes, it’s easy to identify a cause.  Whether led by the Kaiser or by Hitler, Germany’s Second and Third Empires were destroyed by world wars.  Germany’s ambition was simply too great, its militarism too dominant, its policies too harsh to win long-term converts, its leaders too blinded by the pursuit of power, its enemies too many to conquer or otherwise neutralize.

Other imperial falls are more complex.  What caused Rome’s fall?  (Leaving aside the eastern part of the empire, which persisted far longer as the Byzantine Empire.)  Barbarians and their invasions, say some.  The enervating message and spirit of Christianity, said the historian Edward Gibbon.  Rome’s own corruption and tyranny, say others.  Even lead in Roman water pipes has been suggested as a contributing cause to Rome’s decline and fall.  Taking a longer view, some point to the rise of Islam in the 7th century and its rapid expansion into previously Roman territories as the event that administered the final coup de grâce to a dying empire.

America’s empire, it is clear, is now in decline, and a key reason is imperial overstretch as manifested by endless wars and overspending on the military (with literally trillions of dollars being thrown away on fruitless wars).  An especially fine summary is Alfred McCoy’s article at TomDispatch.com.  As McCoy notes:

In effect, the president and his team, distracted by visions of shimmering ships and shiny planes (with their predictable staggering future cost overruns), are ready to ditch the basics of global dominion: the relentless scientific research that has long been the cutting edge of U.S. military supremacy.  And by expanding the Pentagon while slashing the State Department, Trump is also destabilizing that delicate duality of U.S. power by skewing foreign policy ever more toward costly military solutions (that have proved anything but actual solutions) …

In just one extraordinary year, Trump has destabilized the delicate duality that has long been the foundation for U.S. foreign policy: favoring war over diplomacy, the Pentagon over the State Department, and narrow national interest over international leadership. But in a globalizing world interconnected by trade, the Internet, and the rapid proliferation of nuclear-armed missiles, walls won’t work. There can be no Fortress America.

In this passage, McCoy stresses the damage being done by the Trump administration.  But Trump is just the culmination of certain trends, e.g. favoring the Pentagon over the State Department is nothing new, as I wrote about here in 2010.  And America has been in love with shimmering ships and shiny planes for generations, with several administrations supporting the F-35 jet fighter, a program that may end up costing as much as $1.4 trillion.  Plenty of money for weapons that kill; not so much for medicines that cure: that’s imperial America in a nutshell.

I would stress that America’s strength overseas was (and is) always based on its strength at home in areas such as science, education, infrastructure, medicine, manufacturing, and exports.  But what we’ve witnessed over the last 40 years is an immense and wasteful “investment” in wars and weapons even as our country itself has hollowed out. Science is now marked by the denial of facts (such as global warming). Education is all about students as consumers, with an overall decline in standards and performance. Infrastructure is crumbling. Medicine is too expensive and America’s overall health and life expectancy are both in decline. Manufacturing and exports have withered (except for the production and export of weapons, naturally).

As a result of all this, America is running a national debt of roughly 20 trillion dollars.  The future is being sacrificed for the present, a tragic reality reflected in the latest Republican tax cut, which benefits the richest Americans the most, along with big corporations, and which will likely add another trillion to the national debt.

In short, America’s foreign decline is mirrored (and driven) by its domestic decline as reflected by its choices.  Looking at the USA today, you get the sense it’s the best of times for the richest few, and the worst of times for so many Americans struggling with health care debt, student loan debt, and the uncertainty of low-wage jobs that could be outsourced at any moment.  At the same time, the American political scene is driven by fear: of immigrants, of a nuclear war with North Korea, of Russian meddling (real or imagined), of growing Chinese power, and of the perpetually-hyped threat of terrorist attacks on “the Homeland.”

Empires can fall very quickly, as the “thousand-year” Third Reich did, or they can fall ever so slowly, as the Roman Empire did.  But fall they do.  What is in the cards for the United States?

 

Time To Make Life Hard For The Rich

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By Hamilton Nolan

Source: Splinter

It is time for polite, respectable, rational people to start saying what has become painfully obvious: It is time to stop respecting the rich, and start stealing from them. In earnest.

Inequality is eating America alive. It has been growing for decades. To say that “the American dream is dead” is no longer a poetic exaggeration—it is an accurate description of 40 years of wage stagnation and declining economic mobility that has produced a generation that cannot expect to live better than their parents did. Not because of devastating war or plague, but because of a very specific set of rules governing a very specific economic system that encourages the accumulation of great wealth among a tiny portion of the population, to the detriment of the vast majority of people. Our political and business leaders have chosen to embrace a system that favors capital over labor. A system in which the more you already have, the more you make, and the less you have, the harder it is to build wealth. It is a system designed to increase inequality. It is functioning exactly as designed. And now, it is about to get worse.

How long are people supposed to tolerate being smacked in the face? By the rich? Who already have more than enough? It is not as though the fact that inequality is a crisis is a fact that snuck up on anyone. Economists have seen the trend for decades, and the general public has been well aware of it since at least the financial crisis. Obama called it “the defining challenge of our time.” Thomas Piketty became a rock star by writing a very dry book about it. It’s not an underground thing. It is well known and well understood by the people in control of the institutions with the power to change it. The response to this dire situation by the Republican Party, which a wholly owned subsidiary of the American capital-holding class, has been to pass a tax bill that will horribly exacerbate economic inequality in this country. It is a considered decision to make a bad situation worse. It is a deliberate choice—during a time when the rich already have too much—to take from the poor in order to give the rich (including members of Congress and the President) more. That is not a metaphor. That is the reality. That is what the Republican party is about to accomplish on behalf of the donor class, calling it “middle class tax relief” in the face of mathematical proof to the contrary. Even to my cynical ass, the sheer fuck you-ness of this action towards the majority of the country is breathtaking. This is not just a failure to solve a severe problem; it is the expenditure of vast amounts of political capital to make the severe problem worse so that a tiny handful of people will get wealthier than anyone needs to be.

Ideally, in a democracy, elected leaders reflecting the interests of the people would pass taxes and regulations to reverse the growing inequality here. For that to happen, we would need to end gerrymandering and reform campaign finance and probably abolish the Senate and the Electoral College, and that’s just for starters. It is not imminent, in other words. Our broken political system, which is designed to reward money with political power, is actually moving in the opposite direction of a solution. Who is suffering because of this? Most Americans. Certainly the bottom 50% are acutely suffering—money that would have been in their paychecks has been instead funneled upwards into the pockets of the rich. Every desperate family that has found themselves coming up short for rent or food or medicine, every American who has downgraded her dreams and aspirations because they became financially implausible, has been directly harmed by the political and economic class war perpetuated by the rich, even if they cannot see the perpetrators with their own eyes. I think that people have been more than patient in the face of this slow-moving crisis. In 2009, when the markets crashed and millions were laid off, nobody rioted and kidnapped the financiers and burned their homes. The outcome of that lack of direct action is the situation we find ourselves in today.

Violence against people is morally wrong and a bad way to solve problems. But capital is different. One thing that would help to create the political environment conducive to solving the inequality problem would be to make the cost of accumulating all that capital too high to be worth it. In other words, to create a downside to being too rich. I have personally stood in a room full of hedge fund titans and billionaire investors warning one another explicitly that inequality must be addressed lest the U.S. become a place like Latin America, where rich people are forced to live behind walls, surrounded by armed guards, because of the very real risks from the rage of the poor. Rich people in this country do not want to live like that. If they see that they must stop being so greedy in order to enjoy their own freedom, they will stop being so greedy. Those conditions have to be created by people who want justice.

Our situation is absurd. Not since the Gilded Age has it been more clear that a few people have too much. Furthermore, the people with too much are investing in political clout to give themselves more. It’s just wrong. If the government won’t help, we have to help ourselves. Sticking up a billionaire on the street for $100 is not going to do it. But one can imagine other ways that angry Americans might express their dissatisfaction with our current division of wealth: A large-scale online attack against the holdings of the very rich; yachts sunk in harbors; unoccupied vacation homes in the Hamptons mysteriously burned to the ground. Sotheby’s auctions swarmed by vandals, Art Basel attacked by spraypaint-wielding mobs, protests on the doorsteps of right-wing think tanks, venomous words directed at millionaires as they dine in fancy restaurants. People have a right to life and safety, but property does not. A life spent screwing the little people so that you can acquire lots of stuff loses its allure when you know that all that stuff will be smashed to pieces by angry little people. It is not hard to put together a list of those who should be targeted—Forbes publishes it every year. Likewise, public campaign finance records give us a pretty good idea of exactly who is funding the politicians who are perpetuating this economic war on behalf of the rich.

It is nice to imagine a grand, well-targeted computer hack that would neatly transfer billions of dollars out of the accounts of, say, the Walton family and into a charity account that would disburse the money to the poor in untraceable ways. That seems far-fetched. Realistically, what people can do now is to start thinking about ways to make it uncomfortable to be too rich. Socially uncomfortable and otherwise. When the accumulation of great wealth ceases to be a praiseworthy endeavor and instead becomes viewed as a sick, greedy pastime whose only reward is the hatred of your fellow citizens and the inability to live comfortably without fear of your excessive property being destroyed, rich people will rethink their goals. Until then, inequality will keep rising, and everything, for most people, will continue to slowly, slowly get worse.

A Stock Market Primer, in Six Easy Steps

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By William Kaufman

Source: CounterPunch

What is the stock market?

1) It’s not real economic activity—it’s a form of mass hysteria or mass psychosis.

2) Stock prices reflect a mass-hysteria impression of the worth of a piece of paper you hold—a stock certificate. The worth of that piece of paper is sometimes tethered to some economic reality of some corporation—at least partially—but sometimes not. Often a stock price bears little relation to the economic health of a company, as illustrated in the wildly gyrating stock price-to-earnings ratios through the decades. Hence the stock price is often a matter of caprice, covert manipulation, and/or unfathomable crowd psychology, not necessarily real economic “health” or productivity.

If, say, you are fortunate enough to own a stock that has doubled or tripled in price, this does not mean that you have accrued new wealth—that stock valuation is meaningless as long as you still own the piece of paper (the stock certificate); you realize that wealth only by selling the stock. And if you do cash out—sell the piece of paper—to someone else, you are transferring to another person the hazard of seeing that valuation drop or evaporate—an opportune fobbing off of risk to someone else, a transfer of cash to you, but no real creation of wealth—just the passing on of a piece of paper in exchange for currency. Eventually, down the road, your gain will be someone else’s loss when the music stops playing and the last holder of the piece of paper finds there is no chair for him to land on—the stock market as Ponzi scheme.

If everyone or most people decide to sell their pieces of paper—to take their profits—all at once, then the stock prices tumble, so the idea that everyone can cash out and realize this imaginary wealth equally and universally is a mirage: if everyone tried to access it at once, it would evaporate. Hence the common notion that rising stock prices indicate a general increase in wealth or national prosperity is delusional. A stock crash does not erase billions or trillions in “wealth” overnight, as we are commonly told. There was never any “wealth” there to begin with, in the sense that a stock price rationally or measurably reflects the worth of tangible goods or services; that price is just a mass fever dream, a collective, chaotic, bidding war about the worth of pieces of paper.

3) The stock market is a swindle.

Much of the movement of these equities markets originates in the decisions of large funds or high-speed traders who have access to esoteric information, advanced algorithms, or trading networks from which Joe Trader, playing the market at home on his laptop, is excluded. Hence Joe Trader inevitably gets screwed. The author Michael Lewis draws the veil from this complicated high-tech rigging in a 2014 interview with CBS’s 60 Minutes:

Steve Kroft: What’s the headline here?

Michael Lewis: Stock market’s rigged. The United States stock market, the most iconic market in global capitalism is rigged.

Steve Kroft: By whom?

Michael Lewis: By a combination of these stock exchanges, the big Wall Street banks and high-frequency traders.

Steve Kroft: Who are the victims?

Michael Lewis: Everybody who has an investment in the stock market. . . .

Steve Kroft: And this is all being done by computers?

Michael Lewis: All being done by computers. It’s too fast to be done by humans. Humans have been completely removed from the marketplace. “Fast” is the operative word. Machines with secret programs are now trading stocks in tiny fractions of a second, way too fast to be seen or recorded on a stock ticker or computer screen. Faster than the market itself. High-frequency traders, big Wall Street firms and stock exchanges have spent billions to gain an advantage of a millisecond for themselves and their customers, just to get a peek at stock market prices and orders a flash before everyone else, along with the opportunity to act on it. . . . The insiders are able to move faster than you. They’re able to see your order and play it against other orders in ways that you don’t understand. They’re able to front run your order.

Steve Kroft: What do you mean front run?

Michael Lewis: Means they’re able to identify your desire to, to buy shares in Microsoft and buy ‘em in front of you and sell ‘em back to you at a higher price. It all happens in infinitesimally small periods of time. There’s speed advantage that the faster traders have is milliseconds, some of it is fractions of milliseconds. But it’s enough for them to identify what you’re gonna do and do it before you do it at your expense.

4) The MSM commentators on the markets are all industry touts.

Their unvarying counsel, under all circumstances, is this: Get into the market. Get in if you’re not in already. Stay in if you’re already in. A plunge is a buying opportunity. A surge is a buying opportunity. A buying opportunity is that which puts a commission in their pockets. A mass exit from the stock market is the end of their livelihood. I don’t know the Latin term for the logical fallacy at work here, but I think the English translation is something like this: bullshit being slung by greedy con artists. These are people with no more conscience or expertise than the barking guy with the Australian accent on the three a.m. informercial raving about a miracle degreaser or stain remover.

5) This market, more than most, is a big fat bubble, ready to pop.

This bubble is a cloistered biosphere of Teslas and beach houses, of con artists, kleptocrats, and financial sorcerers. It is rigorously insulated from the dolorous real economy inhabited by the 99 percent: declining living standards; stagnant real hourly wages; lousy service-industry jobs; debilitating consumer and student debt peonage; soaring medical insurance premiums and deductibles that render many people’s swiss-cheese policies unusable; crumbling cities and infrastructure; climate disasters of biblical proportions; and toxic food, water, and air. This stock-market bubble has been artificially inflated by historically low interest rates (so the suckers have to go into the market to get a return on their money) and Fed “quantitative easing,” a technocratic euphemism for a novel form of welfare for the one percent that has left untold trillions of “liquidity” sloshing around among the financial elites with which to play Monopoly with one another and pad their net worth by buying back shares of their own companies to inflate stock prices. Moreover, this bubble is even more perilous and tenuous than previous ones because the “air” inside is being pumped by unprecedented levels of consumer and institutional debt that will cause a deafening “pop” when some of the key players start to lose their shirts, and suddenly all the Peters start calling in the debts of all the Pauls who can’t pay.

6) The end game is near. We can console ourselves that these latest innovations in financial prestidigitation and fraud are stretched about as far as they can go. The financial elites are out of three-card monte scams to suck the wealth out of the economy. The heroic productivist heyday of capitalism, celebrated by Marx himself, is over in this country—no more driven visionary builders of railroads, factories, skyscrapers, and highways to a better tomorrow: just endless financial skullduggery and hoarding at the top, and for the rest of us the cold comforts of cell phones, smart televisions, and the endless streams of plastic consumer junk circulating through Amazon and Walmart. What Baudrillard called “the mirror of production” is a prison for the planet earth and every species on it. All that is left for the bipartisan predator class of the United States is scavenging: massive tax breaks for the rich today and tomorrow, perhaps, no more Medicare, no more Social Security, no more public schools—if they have their way, and they probably will. Pop goes the stock market, the illusion of prosperity, the whole unsustainable carbon-poison “economy,” and pop goes the planet and the human race. But look at it this way: it’s a buying opportunity.

Freedom Rider: Oligarch Jeff Bezos

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By Margaret Kimberley

Source: Intrepid Report

Amazon CEO Jeff Bezos has a net worth of $105 billion and is the richest man in the world. But he is not just the richest man at this moment in history. He is the richest person who has ever lived. As of 2017 he and seven other billionaires had a collective net worth equal to that of the poorest 3.6 billion people on earth.

These figures have been in the news of late but without much useful analysis. The corporate media refuse to state what is obvious. Namely that inequality is worse around the world precisely because these super rich people demand it.

While pundits and politicians go on breathlessly about oligarchs in Russia, they seldom take a look at the wealthiest in their own backyard and the control they exert over the lives of millions of people. When Amazon announced it would choose a site for its new headquarters, cities across the country began a furious race to the bottom. Amazon is not alone in the thievery department. Major corporations like Walmart always request and receive public property and public funds in order to do business.

Some 235 cities have put themselves in the running for this dubious venture. Chicago is willing to give Amazon $1.3 billion in payroll taxes that prospective employees would ordinarily pay that city. If Chicago wins this booby prize, Amazon employees would pay taxes to their employer and not to the government. This is truly cutting out the middle man and makes real the rule of, by, and for the wealthiest.

The potential for public outrage isn’t lost on unprincipled politicians. Some cities now refuse to reveal how much they plan to give away. But the news to date is disheartening with Boston offering $75 million while Houston is willing to part with $268 million. Amazon says it will hire 50,000 people but their business model already pays employees so little that many of them qualify for public assistance, despite being employed.

The United States is as much of an oligarchy as countries it usually disparages but it is far more dishonest about its true nature. All talk of democracy is a lie as the rich get richer, by an additional $1 trillion in 2017, and wield more and more power over the lives of everyone else.

The Bezos juggernaut is not restricted to theft of public money. He is also the sole owner of the Washington Post, one of the most influential newspapers in the country. Bezos owns a newspaper that is an organ of the ruling elite and he also has a $600 million contract to provide the Central Intelligence Agency with cloud computing services.

The Washington Post was the force behind Propaganda or Not, an effort to destroy left wing voices like those at Black Agenda Report. Under the guise of fighting Russia and so-called fake news, the Bezos owned Post began the censorship campaign that has put the left’s presence on the Internet in such jeopardy.

Politicians outdo one another giving away public resources to the richest man on the planet who also owns a major newspaper and services the surveillance state. If it can be said that any one person rules the world, Bezos would be obvious choice. No one in Chicago, Boston, Houston or any of the other cities giving away the store ever voted for Jeff Bezos. All talk of democracy is a sham as long as the richest people take from the rest of humanity.

The effort to make government an irrelevance is thoroughly bipartisan. Republicans and Democrats alike are willing to turn over government coffers to Bezos and his ilk and the rights of the people be damned.

Whoever wins this tarnished brass ring ought to be consigned to political defeat. The mayor, aldermen, city council members or whoever else brings disaster to their locality should be punished for aiding and abetting the theft. If these cities can give to the richest man who ever lived, they can surely use public money to help their residents right now. But they will never do that because they are all bought off and compromised. They are either cynical or afraid to go against the real rulers of the country.

Bezos may look like the villain in a James Bond movie but there is nothing funny about him. He is deadly serious and so are his intentions. In a Bezos run world, every worker will be impoverished, every level of government will subsidize corporations, and anyone who speaks out will be discredited and under surveillance.

The last thing any city needs is a new Amazon headquarters. We need an end to billionaire rule in this country and around the world. That will be the salvation of the people, not more sweatshops run by wealthy people who steal from everyone else.

 

Margaret Kimberley’s Freedom Rider column appears weekly in BAR, and is widely reprinted elsewhere. She maintains a frequently updated blog as well as at freedomrider.blogspot.com. Ms. Kimberley lives in New York City, and can be reached via e-Mail at Margaret.Kimberley(at)BlackAgendaReport.com.