Skip to comments.Oligarchy in the Twenty-first Century
Posted on 04/27/2014 8:14:29 AM PDT by Rummyfan
To see what is in front of ones nose, George Orwell famously wrote, needs a constant struggle. In front of my nose as I write this is a copy of last Sundays New York Times. I have opened it to the business section. Below the fold is one of many Times articles on Thomas Piketty, the French economist and author of Capital in the Twenty-First Century, which argues that America has entered a second Gilded Age of vast inequality, inherited fortunes, and oligarchic politics, where the shape of public discourse and public policy is determined by a wealthy few. Capital in the Twenty-First Century, the Times says, follows in a tradition of works on political economy that includes The Wealth of Nations, An Essay on the Principle of Population, Principles of Political Economy, Das Kapital, and The General Theory of Employment, Interest, and Money. Theyre not kidding.
Above the article on Piketty is another profile, headlined Comcasts Real Repairman. Its subject is David Cohen, the executive vice president of the communications giant Comcast, who wants the government to approve the proposed merger between his company and Time Warner Cable. The deal would make Comcast the largest cable provider in America, with some 30 million customers.
(Excerpt) Read more at freebeacon.com ...
The attack on Free Enterprise is relentless.
Excellent article, well worth the read. This needs to be passed to every liberal on your email list.
I agree. We have to stop these Crony Capitalists and their crooked partners in Big Government.
Fantastic article. Thanks for posting.
Its very difficult to make a democratic system work when you have such extreme inequality, Piketty told the Times last Sunday, and such extreme inequality in terms of political influence and the production of knowledge and information. In fact the mechanisms of democracy seem to be working precisely as the capitalist and petty-bourgeois liberals would like them to work: the question among Democrats these days is just how permanent their majority is likely to be.
What we are in danger of losing because of the extreme inequality in terms of political influence and the production of knowledge and information are the classical liberal values of negative freedom, of religious liberty, of equality before the law, of free markets. The inequality of income our bipartisan ruling class sanctimoniously condemns is the very tool it uses to shore up the inequalities of power and communication from which it benefits. Affluent, self-righteous, self-seeking, self-possessed, triumphalist, out of touch, hostile to dissentthis is what oligarchy looks like in the twenty-first century. And it is all in front of ones nose.
Banks, Bankers, Banking. Conservatives need to stop rubber stamping every whim and whimper of the Wall St. financial oligarchy. Read Anthony Sutton’s “Wall St. and the Rise of Hitler” and Carrol Quigley’s “Tragedy and Hope”. We need to get smarter faster.
The author makes a generally good point about the hypocrisy of liberal political wealth but he is clearly confused about a number of issues. First of all, he ignores the establishment Republican party sucking up to big money with the same zeal as the Dem party albeit with less to show for it. Second, he ignores the main reason that the politically connected rich get much richer which is the printing of currency to hand out to big banks and politicians of both parties.
There are a couple of other smaller points that the author misses. Free trade is neither liberal nor conservative although consumerism is more or less liberal but didn't make the list. The culture of the media including most entertainment and sports is ridiculously liberal including all TV which is all basically psychopathy or liberalism or both.
The authors points about environmentalism are sound although the larger point is that these so-called environmentalists have utterly no concern for the environment as evidenced by their nonconservative lifestyles. But what they do care about it the promotion of policies for enormous personal gains at the expense of Americans and America.
US oligarchy bump....