Economics

Who were the early conservatives? They emerged out of the group of former fascists and Nazi sympathizers in the US.

1930s opposition to Franklin Roosevelt’s New Deal

2 main right-wing factions then:

  1. libertarians — right-wing economics faction led by Milton Friedman, Ludwig von Mises, & Friedrich Hayek. Favors dramatically cutting taxes (aka trickle down economics), reducing social spending, while increasing the military budget dramatically — a math that does not add up, numerically or historically speaking.
  2. anti-communists, antisemites, and Nazi sympathizers — Fred Koch, William Randolph Hearst, Henry Ford, Father Charles Coughlin, Charles Lindbergh, McCarthyites. Culminating in the 1944 Great Sedition Trial and the end of WWII shortly thereafter, without real consequences handed to the perps.

After the Allies won World War II, a number of the early Hitler sympathizers “hid out” in anti-communist circles, allowing them to cloak their underlying fascism inside of the American Cold War project and give it a semi-presentable face in conservatism.

In the 1950s and ’60s we saw the emergence of the reactionary backlash:

In the 1970s, 2 more conservative groups emerged for a total of 5 main sects:

4. neoconservativesRonald Reagan, Dick Cheney,

5. the religious right — the Moral Majority, Jerry Falwell Sr. & Jr., Jimmy Swaggart, Jim & Tammy Fae Baker, Pat Robertson, Jesse Helms, Paul Weyrich, Paul Regnery, William Rusher, prosperity gospel

Conservatives welcomed fascism again in 2016

The ascension of Donald Trump to the presidency of the United States gave permission to all the closet fascists practicing ketman as conservatives to come right on out and let their freak bigotry flags fly.

Bigotry, personified -- Midjourney

All the little white power sleeper cells and now networked anti-government militia groups were let off the chain and invited to take a swing at our national sovereignty and see if they could steal the American government for him. Thanks to the strength and integrity of numerous civil servants and others they did not succeed — however, the festering mass of fascism isn’t going anywhere much just yet.

Other topics

will be fleshing out further:

Read more

I’ve been reading Erich Fromm’s Escape from Freedom and it’s synthesizing a few things together for me in new ways — prime among them the realization that collective narcissism is the shared root ideology of both Christian nationalism and Nazism. First off, I’d recommend it:

Next, I’d like to thank it for reminding me about the insidious dangers of Calvinism and the Protestant Work Ethic, as described in sociologist Max Weber‘s most cited work in the history of the field. Beyond the problematic authoritarianism of John Calvin as a person himself, the ideology of predestination coupled with a paradoxical obsessive compulsion with working yourself ragged is a noxious brew that fed the Protestant extrusion of American capitalism as well as the murderous violence of its Manifest Destiny.

Reformation Ideologies

Calvin — like Luther before him — was reacting to the social and economic upheavals of his day which, during the Reformation, were all about the middle class emerging from the security and certainty of feudalism into a far more dynamic world of competition, isolation, and aloneness. It held promise but also peril — hope along with, inescapably, fear.

During the Middle Ages, humankind had retreated from the aspirational virtuousness of the Greek and Roman civilizations and descended into almost 1000 years of darkness, as compared to the dazzling intellectual brilliance of the millennium before it. Those who would prefer cultish cowering in self-righteous ignorance over the humility of fallible science and critical thinking managed to topple a glittering civilization and scatter it to the wolves. It was a return to cruel and arbitrary happenstance, a horrifying Hobbesian world of pestilence and pathology.

Continue reading Collective narcissism is a bad solution to modern anxiety
Read more

Motivated reasoning is a common daily phenomenon for all of us, assuming we’re human and/or interact with other humans. It’s a cognitive science term that refers to a type of emotional bias in which we have a tendency to prefer decisions or justifications based on their personal desirability vs. an unbiased examination of the facts.

Thinking and feeling aren’t anywhere near as “separate” in the brain as is commonly believed — they are very intertwined, and it’s also incredibly difficult for us to understand or detect from moment to moment which parts of our stream of consciousness are “thinking” and which are “feeling.”

What’s worse, we have other biases that exacerbate the motivated reasoning bias — like the “Lake Wobegon Effect” wherein we tend to overestimate our own abilities vs. others. So, we’re overconfident — at the same that we are less rational than we think we are. That can be a volatile combination — especially when found in individuals who hold a lot of power, and make decisions that affect people’s lives.

For we know not what we do

It can be infuriating to deal with people who are using motivated reasoning to make decisions instead of critical thinking: they tend to work backwards from the conclusion they wish to reach, and ignore evidence that contradicts their pre-existing beliefs. The way they deal with the cognitive dissonance of conflicting information is simply to toss the new information out, instead of evaluating it. Generally, though, they are unaware that their brain is in the habit of making that easier choice, and tend to get angry when this is pointed out.

Examples of motivated reasoning:

  • Bigotry and prejudice
  • Belief that you can “reduce covid cases” by not testing
  • Belief that you can get Republicans elected by refusing to count Democratic votes either outright or via procedural means

Related concepts:

  • Emperor’s New Clothes
  • Potemkin Village
  • tautology
  • foregone conclusion
  • Catch-22
  • ouroborous
  • self-fulfilling prophecy
  • revealed wisdom
  • divine right of rule
  • teleological thinking
  • self-interest bias
Read more

President Biden and Vice President Harris commemorated the 1 year anniversary of the January 6 attack on our democracy with morning speeches and a day of remembrance inside the Capitol rotunda with Representatives and Senators giving a number of moving speeches in their respective chambers. The tone on TV news and blue check Twitter was somber and reflective. The President referred to the violent events of Jan 6, 2021 as a terrorist attack on our democracy, and said that the threat was not yet over — that the perpetrators of that event still hold a “dagger at the throat of America.”

Only two Republicans were present in chambers when the moment of silence was held for the nation’s traumatic experience one year ago — Representative Liz Cheney and her father, Dick Cheney, the former VP and evil villain of the George W. Bush years. That this man — a cartoonish devil from my formative years as a young activist — was, along with his steel-spined force of nature daughter, one half of the lone pair that remained of the pathetic tatters of the once great party of Lincoln.

What do you do if you’re in a 2-party system and one of the parties is just sitting on the sidelines, heckling (and worse!?)? How do you restore confidence in a system that so many people love to hate, to the point of obsession? Will we be able to re-establish a sense of fair play, as Biden called on us to do today in his speech?

The Big Lie is about rewriting history

We don’t need to spend a ton of time peering deeply into discerning motive with seditionists — we can instead understand that for all of them, serving the Big Lie serves a function for them in their lives. It binds them to their tribe, it signals a piece of their “identity,” and it signals loyalty within a tight hierarchy that rewards it — all while managing to serve their highest goal of all: to annoy and intimidate liberals. Like all bullies, their primary animating drive is a self-righteous conviction that “I am RIGHT!” at all times and about all things, and that disagreement is largely punishable by death or, in lieu of that, dark twisted fantasies of death passed off lamely and pathetically as “just joking, coworker!”

Continue reading January 6 Attack: A “dagger at the throat of America”
Read more

Majority Leader Schumer is right to come around to the idea that the filibuster must be changed in order to pass voting rights and save our democratic republic from the forces of authoritarianism.

The filibuster is an archaic rule that was at first only there by accident, then whittled into a sharp blade of minority rule by Southern plantation owner and virulent white supremacist John C. Calhoun — a man credited with laying the groundwork for the Civil War.

The South Carolina plutocrat strategized on behalf of wealthy aristocratic ambitions in the 1820s and 30s. Dubbed the “Marx of the master class” by historian Richard Hofstadter, Calhoun consumed himself with an obsession over how to establish permanent rule by his 1% brethren. He was an early proponent of property over people — the original “just business” kind of cold calculating supremacist that would come to typify the darker southern shadow culture of America.

Calhoun came to the conclusion that the Founders had made a grave mistake when creating the nation, and had put in too much democracy and too little property protection. He had a conviction that collective governance ought to be rolled back, because it “exploited” the wealthy planter class such as himself. During his time in the Senate he engineered a number of clever devices for the minority to rule over the collective will of the public — dubbed a “set of constitutional gadgets” for restricting the operations of a democratic government by a top political scientist at the time.

Public choice theory and Charles Koch

Slaveholding Senator John C. Calhoun inspired a series of men in the future to take up the torch of minority rule and its apparatus. James McGill Buchanan combined ideas from F. A. Hayek with fascist strains of Calhoun’s ministrations in the Senate to pack a conservative economic punch with public choice theory.

A young Charles Koch was exposed to Buchanan’s re-interpretation of Calhoun’s re-intepretation of the founders’ intentions, and embarked on a lifelong mission to indoctrinate the world in the religion of hyper-libertarian Ayn Randian fiscal austerity.

New lie, same as the old lie. The old lie is that America was never intended to be a democracy — which is doublespeak nonsense. The old lie is that the Declaration of Independence was wrong — that all men are not created equal; that the entire reason we founded a new nation was somehow misguided. But “conservatives” have been fighting fervently for this original Big Lie since time immemorial.

So: Charles Koch is the new John C. Calhoun. He and his vast navel-gazing empire of “think tanks” and other organs of self-regurgitation have managed to brainwash enough people and operate enough bots to make it almost a coin toss whether the average citizen believes the nation was founded as a democratic republic or an authoritarian theocracy.

The filibuster is one of the strongest minority rule tools in their toolbox.

We must bust the filibuster.

Read more

Mythology has it that “reckless Democratic spending” is to blame for the ballooning of the national debt — though the historical record shows otherwise.

In fact, the conservatives‘ beloved demi-god Ronald Reagan was the first President to skyrocket the debt, thanks to some bunk ideas from an old cocktail napkin that linger to this day — the Republican monetary theory in a nutshell is (I shit you not) that we should take all our pooled tax money and give it to… billionaires. Because, you know, they’re clearly the most qualified people to make decisions affecting the 99% poor people. Supposedly they’re the smartest folks to entrust with our money.

Trickle down, debt up

Except it’s not true, as year after year and study after study shows. Nor for all their finger-waggling at Democrats over the national debt has the GOP turned in a balanced budget since Nixon. Republicans are the most gigantic hypocrites on economics writ large, but particularly so for the national debt — with Reagan, Bush I, Bush II, and Trump all turning in record debt increases, primarily through tax cuts for the wealthy and the Gulf and Afghanistan wars.

Meanwhile, Bill Clinton balanced the budget, created a surplus, and reduced the debt during his 8 years in office, and Obama inherited the deepest recession since the 1929 Great Depression.

The financial crisis of 2008-09, itself caused by the reckless Republican zeal for deregulation — this time of financial derivatives — was a wholly GOP-owned debacle that the next president paid for politically. Nevertheless, President Obama had the debt again on a reduction path as a percentage of GDP — but then Donald “I bankrupted a series of casinos!” Trump oozed his way into the highest office in the land.

It’s weird how “reckless Democratic spending” always happens under Republican administrations!

During the Trump administration, Republicans patted themselves on the back for giving a $2.7 trillion tax cut to billionaires for no reason, while the economy was relatively hot already (after being rescued by Obama). Not only was no progress made on diminishing the debt, but the national debt actually increased (both nominally and as a percentage of GDP) under Trump’s first term even before the sudden arrival of a novel coronavirus caused it to leap into the stratosphere like a 21st century American tech oligarch.

Only when President Biden arrived on the scene and took the helm of fiscal and monetary policy did the national debt begin cooling off once again — all while dramatically and quickly scaling up covid-19 vaccine production and distribution and passing over $3 trillion in Keynesian legislation meant to get the dregs of the middle class reoriented to a place on the map vis-a-vis the 1% once again.

Republican national debt bullshit

I am hereby calling bullshit on Republicans’ crocodile tears over the national debt, which they suddenly remember only when a Democrat is in town and summarily ignore while their guy is in the hot seat burning through cash like it’s going out of style.

We need to have a better collective narrative for Democratic success on the economy. The Republicans are no longer the kings of the economic world — if they ever were. It feels more like smoke and mirrors each passing day, with climate change denial, the Inflationary Boogeyman, and other GOP Greatest Hits playing ad nauseum on the AM social media waves.

Here are at least a few things to remember about the national debt, that Republicans generally get wrong:

  • wars are very expensive
  • booms in social services are expensive too; but not as expensive as wars
  • there is not any perceivable truth in the old GOP party line that Democrats always overspend and Republicans are always thrifty
    • Reagan and both Bushes presided over two of the biggest spikes in public debt in recorded history, outside of FDR who had both the Great Depression and WWII to contend with
    • Clinton, Carter, Johnson, Kennedy, and Truman all decreased the debt
  • be wary of graphs that don’t β€œnormalize” to GNP β€” it’s an attempt to β€œlie with statistics” by obfuscating the roles of inflation and the growth of the economy itself
  • there is more than one way to look at and evaluate the level of public debt

National Debt by President since the 20th century

PresidentNational Debt ChangeTotal National Debt
Taft+$210 million$2.13 billion
Wilson+$21.5 billion$23.5 billion
Harding/Coolidge+$7.9 billion$22.3 billion
Hoover+$7.3 billion$29.7 billion
F.D. Roosevelt+$218.9 billion$260.1 billion
Truman+$7.5 billion$256.6 billion
Eisenhower+$23.2 billion$272.8 billion
Kennedy/Johnson+$54.9 billion$311.9 billion
Nixon/Ford+$371 billion$698.1 billion
Carter+$299 billion$997.9 billion
Reagan+$1.86 trillion$2.86 trillion
G.H.W. Bush+$1.55 trillion$4.42 trillion
Clinton+$1.40 trillion$5.81 trillion
G.W. Bush+$5.85 trillion$10.71 trillion
Obama+$8.59 trillion$19.30 trillion
Trump+$7.80 trillion$27.10 trillion
Biden (as of March 2023)+$3.00 trillion (projected)$30.10 trillion (projected)
Read more

Bootlicker Kevin McCarthy showboated his way through an evening of scorn and ridicule for his audience of one: Herr Trump. His sad evening comedy routine for the “just joking!” crowd was an act of political theater given no votes in his caucus were ever in danger of voting for the bill, thus no need to persuade them. McCarthy’s speech sparked jeers and heckles from the chamber itself as well as the wider outside world, as tweets poured forth from inside and out of the Capitol.

Fortunately, the GOP Leader failed to stop Biden’s Build Back Better plan while gifting the Democrats with a healthy dose of both comedy gold and some irresistable mid-term slogans:

Continue reading McCarthy’s speech stunt gives gift of Democratic midterm slogans
Read more

Or capital vs. labor, oligarchs vs. plebes, plutocrats vs. proles, rich vs. poor — however you want to narrate it, the property vs. people struggle continues on in new and old ways, each and ere day.

Here in America, the plutocrats have devised many clever methods of hiding the class struggle behind a race war smokescreen, that is both real and manufactured — instigated, exacerbated, agitated by the likes of schlubby wife abusers like Sloppy Steve Bannon, wrinkly old Palpatines like Rupert Murdoch, and shady kleptocrats like Trump and Putin.

The United States has nursed an underground Confederacy slow burning for centuries, for sociopathic demagogues to tap into and rekindle for cheap and dangerous political power. Like The Terminator, racist and supremacist troglodytes seem always to reconstitute themselves into strange and twisted new forms, from slavery to the Black Codes to sharecropping to convict leasing to Jim Crow to Jim Crow 2.0 — the psychopaths want their homeland.

The political left loves people, and our extremists for the most part destroy capital or property that insurance companies will pay to make shiny and new again — unlike the right wing extremists who bomb federal buildings, killing hundreds of people and costing taxpayers’ money to replace.

Meanwhile, the right wing claims to be the righteous party for its extreme fixation on life before birth, yet its regulation-allergic capitalists destroy people and the natural world more broadly, from factory farming to deforestation, the destruction of habitats, strip-mining and other toxic extraction practices, and on into climate change itself. Being in fact the chief architects of manmade atmospheric devastation, they have managed to make themselves invisible from the deed by simply (wink wink!) denying it exists.

WWJD?!

Certainly, not anything the Republican Party is up to. Jesus would be sad.

Read more

Another big legislative win crossed the line for Biden’s agenda late this Friday night: the $1.2T bipartisan infrastructure bill passed the House with 6 Democrats dissenting and a whopping 13 Republicans joining to finally bring Infrastructure Week to the American people. Still to come is the other partner to the twin bills circulating in Congress, the Build Back Better reconciliation bill that would add another $2T to the most Keynesian U.S. budget in decades.

Nevertheless, the bill is largely paid for via various means including adding significantly to economic growth and GDP over the next 10 years. The Biden infrastructure bill will not raise taxes on any families making less than $400,000, a campaign promise the president consistently made and has now delivered upon.

The bipartisan infrastructure bill is the second significant piece of legislation passed under Biden’s tenure in the White House, following the $1.9T American Rescue Plan back in March to successfully tame the covid-19 pandemic.

Infrastructure Bill 2021: Breakdown

What’s in the bill? A slate of sorely needed national funds to modernize our transportation, energy, and broadband systems, including provisions for increasing renewables and lowering emissions on a large scale to combat climate change. Here’s a list of what’s included in the largest single infrastructure investment in American history:

  • $110B for roads, bridges, & other infrastructure
  • $11B for transportation safety
  • $39B to modernize public transit, including replacing 1000s of vehicles with zero-emission models
  • $66B to modernize passenger and freight rail
  • $12B for high-speed rail
  • largest federal investment in public transit in history
  • $65B in broadband
  • $42B in airports and ports, including emissions reduction and low-carbon technologies
  • $7.5B for 0- and low-emissions buses (including school buses) and ferries
  • $7.5B for national network of EV chargers
  • $65B to rebuild the electric grid
  • $55B to upgrade water infrastructure
  • $50B to critical infrastructure cybersecurity
  • $21B to clean up toxic waste
Read more

A national banking crisis in America that eventually spread to threaten economies around the globe, the economic crisis of 2007-8 was precipitated by the financial industry getting deeper and deeper into highly leveraged risk with a specific type of financial product called a subprime mortgage.

The loans were not of very high quality, due to the effects of predatory lending and of companies β€œpushing their luck” in a deregulated market by knowingly offering mortgage credit to Americans who couldn’t really afford to buy the homes they were encouraged to purchase. Mortgage underwriters were often incentivized with large bonuses for subprime signups, and even relatively well-off home buyers were often shepherded into subprime loans with worse terms than the traditional 30-year mortgages they would have qualified for.

Financial β€œhot potato”

The mortgages were securitized as complicated new types of assets, re-packaged into large bundles of derivatives to better obscure the sources, and rated far more favorably than warranted by the nation’s credit rating agencies. Sold swiftly around the world and especially here in the U.S. to institutional investors (who manage, among other securities, the pensions and retirement funds of the country), the game of financial β€œhot potato” ensured that almost no one in the complex chain of exchange had any incentive to take responsibility for the actual solvency of the underlying loans.

Eventually, the bubble popped and the house of cards came tumbling down. The downturn is widely regarded as the worst economic disaster in American history since the Great Depression of the 1930s, brought on by the stock market crash of 1929.

Moral hazard: Does commercial and investment banking under one roof create the wrong incentive?

In post-recovery, much scrutiny remains over the question of whether one specific law β€” the Glass-Steagall Act of 1933 which separated commercial banking from investment banking in response to the Great Depression β€” should be reinstated. Following its passage, the U.S. was able to stop the previous historical cycle of banking crises with regularity about every ~15 years:

…Until β€œstagflation” (high inflation coupled with stagnant growth) plagued the American economy in the 1970s, and the political establishment began to adopt policies heavily influenced by Milton Friedman and the Chicago School of economic thought, which borrowed heavily from an earlier wave of economic philosophy in the 1930s loosely congealed under the term β€œneoliberalism.” Widespread financial deregulation ensued, leading to the full repeal of Glass-Steagall in 1999. Many economists now point to the deregulation spree as the ultimate cause of the 2007-8 financial crash.


For a great resource on this, check out Matt Taibbi (of Rolling Stone fame)’s book Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History

Read more

The estate tax only kicks in at $5.4m in wealth — so it’s not about the “American worker”!

Repealing it would give away $270 billion to rich elites.

TheΒ conceptΒ ofΒ “doubleΒ taxation”Β isΒ aΒ redΒ herring,Β becauseΒ mostΒ estatesΒ containΒ realΒ estateΒ assetsΒ whoseΒ capitalΒ gainsΒ haveΒ neverΒ beenΒ realizedΒ andΒ taxed.Β 

Read more

Inequality is the difference in measures of economic well-being between individuals in a group, among groups in a population, or among countries. Also known as economic inequality; inclusive of both income inequality and wealth inequality.

In the United States, the data broadly shows shared economic growth and prosperity in the post-WWII period until the 1970s, when things begin to take a turn: economic growth slowed and income inequality began to increase. For the past 40-50 years, income growth for lower and middle class Americans has stagnated while income growth at the top of the distribution remained growing strongly. Meanwhile as wages have stagnated, costs have risen dramatically, especially in key universal areas like housing, utilities, health care, and education.

Inequality illustrated

Wealth is even more greatly concentrated than income. A recent Oxfam report found that the world’s richest 62 people control as much wealth as the bottom half of the entire population of the planet. In the U.S., the richest 20% of families owned about 89% of the country’s wealth as of 2013 figures.

Those at the top of the wealth distribution who benefit financially from the growing inequality find numerous ways to justify the architecture of the system, and retain much of the power and control over its design. Yet an overwhelming majority of the available historical and present-day data indicates that stark income inequality has wide-ranging negative effects on societies as a whole, from exacerbating social ills to deleterious effects on basic human needs.

Related effects

Further resources

Read more

Or: How Milton Friedman destroyed Western civilization, the neolliberalism story.

An economic ideology first theorized in the 40s and 50s by scholars, it was brought to popular attention in the 1970s by the works of economist Milton Friedman and novelist Ayn Rand among others. It grew in popularity and became widely adopted in U.S. economic policy beginning with Ronald Reagan in the 80s.

The essential heart of neoliberalism is the idea of the rich as top performers and job creators, driving the economy forward through their achievements and innovations; and that societies work best with little government regulation and where citizens are shaped to work according to market principles. Its adoption as a major driver of policy effectively undid many of the gains to middle class opportunity created by the New Deal, FDR‘s ambitious public works project that pulled the nation out from the grips of the Great Depression following the 1929 crash on Wall Street.

Neoliberalism is the dominant economic orthodoxy in the modern era. It is both a political and a financial ideology, with the following extremist beliefs:

  • Antigovernment sentiment — Their pitch is that all governments, including democratic ones, threaten individual liberty and must be stopped (or “drowned in the bathtub,” in the words of anti-tax zealots and movement conservatives).
  • Free markets should conquer governments — They claim, absurdly, that the toppling of self-governance would improve both economies and individual liberties.
  • The victory of markets is inevitable and there is nothing you can do about it — The fall of the Soviet Union and Cold War Communism was deemed the “end of history” by neoliberals, who believed that laissez-faire free market capitalism would inevitably triumph over all other forms of economic and political systems.
  • Economies work best when governments don’t intervene — Neoliberals want to prevent the powers of government from interfering with their ability to cut corners, dump industrial waste, pay fair wages, offer benefits, adhere to safety standards, engage in deceptive advertising, commit tax evasion, and so on — while continuing to supply them a steady stream of the public’s money via unpaid for tax cuts that balloon holes in the deficit. They fight against regulation tooth and nail, and try to claim that markets operate “naturally” as if under something akin to laws of physics — while failing to mention that there are no markets without regulation, without standards of fairness, without a justice system to enforce contracts and do its best to ensure a relatively equal business playing field.
  • The alchemy of neoliberalism will transmute greed into gold for everyone — The neoliberal promise is about spreading wealth, freedom, and democracy around the world — at the barrel of a gun, missile, or drone if necessary. Neoliberals consider greed to be the essence of human nature, and have modeled an entire societal system around this most base of human instincts. They claim, improbably — and surely many are True Believers — that narcissism and the aggressive pursuit of power and wealth will somehow magically create peace, happiness, and riches for everyone.

The insistence that governments and self-rule should be subordinated to the ultra-rich, to the oligarchs — that, to me, is the core essence of why this framework is evil. The staggeringly dissonant conviction about transforming sociopathy into global peace is a very close second.

Since the 1970s and accelerating with Reagan years, wealthy elites in the right wing have been spending gobs of their ill-earned wealth on creating a conservative movement echo chamber of think tanks, talk radio, literature, televangelists, YouTube streamers, and more — it is the vast right-wing conspiracy Hillary Clinton warned us about. It most certainly exists, and it most certainly is aggressively pursuing its political aims to disenfranchise the American people as fully as possible, so as to better walk away with an absurdly unjust share of the mutually created wealth by the wealth of intelligent and diligent labor here in the United States.

Common whites

It appeals to the MAGA crowd because it allows them to vicariously tag along with the rich and powerful right-wing bigots who flaunt and dangle their wealth in front of the plebes by which to entice them to open up their wallets and send in a meagre donation for this or that white victimhood fund that does nothing but enrich the scam artists who run it as a hollow shell. It validates their hardcore white supremacy and casual racism alike, provides the sadistic satisfaction of attacking their enemies (symbolically and/or literally), gives them something to do and believe in, and keeps them entertained while their pockets are being fleeced in broad daylight.

Neoliberalism has succeeded in undermining some of the last shreds of democratic infrastructure and civic goodwill in society at this point in American political history. The defenses brilliantly architected by the Founders to ensure checks and balances would manage the power games in Washington to within workable levels have frayed even further under 4 years of Trump, and the vitriol of the January 6 coup attempt and insurrection that’s fueled further right-wing Big Lie entrenchment and domestic terrorist extremism.

Democracy is in crisis, and neoliberalism the culprit of this hostage story.

At least Joe Biden is correct in his analysis of the solution: we should tax the rich.

Read more