Posted on 05/26/2023 5:56:36 AM PDT by Twotone
Oligarchical societies are unstable societies, as they arise when powerful elites no longer care about the common good and instead pursue their own self-interest. While oligarchs can manipulate the will of the people for some time, the people historically wise up once the abuses become too much to bear.
The revolt of the common people is what oligarchs most fear and they will mobilize all of their political and financial resources to keep it from happening. While this dynamic has been recorded for thousands of years, it is no less relevant to American society today. Modern American oligarchs — who made their billions on Wall Street or in Silicon Valley — will do all that they can to maintain their position under the status quo.
South Carolina Sen. Tim Scott is the latest beneficiary of oligarchical largesse, raising an extraordinary amount of money in the few short days since he announced his presidential campaign in Charleston.
While Scott is relatively unknown on the national scene, he already built up a war chest prior to formally declaring his campaign on Monday. He entered the race with nearly $22 million, more than any previous presidential candidate.
That Scott is flush with cash comes as no surprise given that he has been a favorite of Republican megadonors — modern day oligarchs — since at least 2020. He took in nearly $10 million in each of the two quarters running up to his 2022 Senate re-election campaign. The Opportunity Matters Fund, a pro-Scott super PAC, received millions in contributions from some of the GOP’s most high profile donors: New York hedge fund titan Dan Loeb, Las Vegas hotelier Steve Wynn, and most notably, Oracle’s Larry Ellison, the fourth richest man in the world.
Ellison stands out because he seems to be in with Scott for the long haul. Since the 2022 midterm cycle, he has donated $30 million (then 88% of its total funding) to the Opportunity Matters Fund, now re-branded to Trust In The Mission, or the TIM PAC. Advisors say he is likely to double this contribution over the course of the campaign, but his estimated net worth of over $100 billion means he has unlimited resources to propel Scott across the finish line.
Notably, Ellison supported Florida Sen. Marco Rubio in the 2016 primaries to the tune of $30 million. While he spent millions opposing then-Presidential candidate Donald Trump in that cycle, he eventually warmed up to the former president in the run up to the 2020 election.
Despite the overwhelming funding, and apparent confidence in Scott, he is polling between 1% to 2% across a variety of polls, placing him dead last behind fellow South Carolinian Nikki Haley and businessman Vivek Ramaswamy.
Yet it is unsurprising that he is a favorite of oligarchs like Ellison who are lukewarm on Trump, and have unlimited resources to protect their bottom line. For those elites tired of the Democrats’ governance by class warfare, Scott, who with enough funding could find himself the GOP nominee next year, is a safe bet.
Scott is neither sharply critical nor staunchly defensive of Trump. When pressed by reporters, he said “of course” he would support the former president in 2024 but declined to elaborate. His tone is measured and he presents an optimistic vision for the future of the country. He is not as conciliatory as a Romney or McCain — he’s willing to wade into the culture war. Nevertheless, he is not a flamethrower willing to dig into boldly controversial stances like Trump or Florida Gov. Ron DeSantis.
He is also “a Christian, who is a conservative, and you may have noticed that I’m black,” as he is fond of telling supporters.
Combined, this makes him a formidable contender particularly from the vantage of someone like Ellison. Megadonors throwing their support behind Scott likely assume he is well situated to overtake Trump in the primaries if and when DeSantis collapses. He supports the Trump agenda but not so much that he scares away Independents.
As a black conservative with unshakable faith in God and country, perhaps he can succeed in being the great racial unifier that former President Barack Obama promised to be but failed to become. Perhaps he can even peel away more of the black vote from the elderly white man with a record of lionizing Southern segregationists.
Scott is undoubtedly the epitome of a “good” candidate.
Yet it is possible oligarchs like Ellison are supplanting grassroots realities with their own preferences. Scott is not the populist brawler that an increasingly cynical and bellicose conservative base demands of their politicians. It is not clear that he could overtake Trump in the primary, nor that he could galvanize enough turnout in the general against a Democratic base who truly believes the country is on the precipice of fascism.
Or perhaps billionaires put too much stock in candidate quality. While the corporate media is warm on Scott now, that tone will certainly change if and when he becomes a real contender. The media will revert to calling him the black face of white supremacy, and many will still believe them.
Ellison’s support does not speak to Scott’s record as a politician or a man. He is by all accounts a decent man with a strong conservative record and a powerful story to tell. What it does speak to is the overwhelming power of money in political campaigns. This is nothing new, but it feels more salient after the Covid-BLM era exposed raw corruption at the highest levels of virtually all major American institutions. That oligarchs believe they know best, and have the power to catapult their vision over any grassroots preferences or media constraints reveals the fragility of the current political moment.
Perhaps they are right about Scott’s chances, but perhaps they are not. In fact, it doesn’t really matter. Even if their instincts are right, that does not mean they always will be in future elections. Even if their motives are pure, it does not mean that other monied interests will be. That their vision is more likely to win the day purely due to the depth of their pockets is a bad sign for the future of American politics.
Either America faces a political future where elites like Ellison decide what the voters should want — or the people revolt in volatile ways. The Founders knew that a middle ground was needed for a functioning society and designed a constitutional republic to safeguard against either extreme. Anything but this is not just likely to spell doom — it’s downright un-American.
The oligarchy is global in scale. There is no such thing as an American Corporation anymore.
Meaningless drivel that is just playing with words. America is always home to those who innovate, disrupt and make tons of money. It’s the American way
Have note and never will haves like Gage Klipper whine about their inequality
A republic is based on the rule of law.
An oligarchy is based on the rule of men.
It’s clear what our situation is. Ben Franklin saw this day coming.
Thus saith the have not
Interesting that the one country that keeps Oligarchs in their lane (meaning sticking to business and staying clear of politics) is Russia - probably based on what they went through in the 1990s.
That just means the scale of the collapse will be just that much bigger.
With the SCOTUS 9-0 rolling against the EPA taking over water rights gets rid of one dictatorial agency. This will also change the “Clean Air Act” that is being used to subdue we the people. It should have some interesting changes in FIB, CIA, IRS,...
Why, exactly, do these articles always seem to focus on the efforts of Republican oligarchs, and ignore the much more numerous Democrats?
Or that many of these Republican candidates are being backed by Democrat oligarchs?
Or that it’s this sort of shit that has caused the Republican rank and file to demand combativeness?
Big Tech oligarchs are largely Deep State front men—not the product of free markets.
Why?
Because the articles are pure propaganda ginned up to pay the writer’s salary and enhance the Big Lies
We’ve certainly always had wealthy people, & we WANT Americans to make tons of money. The problem today is that those with money think they have the right to change things to benefit themselves further. It used to be the wealthy built hospitals & libraries...partly to keep society & gov’t from wanting to go after them. The current crop of billionaires just seem to want to kill us all.
How does it feel to be governed by oligarchs?
Bingo! Eisenhower warned of this rather clearly long ago.
And they buy the politicians to make it happen.
That’s only the beginning! Cases need to be brought to the USSC to invalidate “Reynolds v. Sims” & “Wickard v. Filburn”!
America is no longer a majority White Christian nation so we lack the culture that would keep oligarchs somewhat in check with their behavior. Multiculturalism creates a low trust atomized society so it’s easier to take advantage of it.
Plus we don’t even promote Americanism to our youth (unless you count fag marriage as part of American patriotism)
“...Scott, who with enough funding could find himself the GOP nominee next year, is a safe bet...”
What dribble. Total laugh riot. May as well expect “Larry the Lobster” to pick the GOP nominee.
If Cage Flipper makes that bet, he will lose a lot of money.
America is always home to those who innovate, disrupt and make tons of money. It’s the American way.
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Innovation occurs in lots of places. The US isn’t even close to a monopoly on this phenomenon any more. Increasingly, the “American Way” is to vote yourself stuff. Oddly enough, lot’s of businesses in modern Western countries encourage this very act. If you suggested that Innovation is “The American Way” to a modern-day CEO (or corporate board), they’d dismiss you as a ignorant nationalist (or a white-supremist).
“The revolt of the common people is what oligarchs most fear and they will mobilize all of their political and financial resources to keep it from happening.”
I suggest the best course is for the common people to prohibit wealth sovereigns from being involved with government and politics. It is the best of the alternatives. Of course, it will likely require a second American Revolution.
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