Plutocrats - Billionaires Control the World

By pjain      Published Aug. 1, 2020, 7:54 a.m. in blog Geo-Politics   

The 0.1% have always been in Power

Examples of Plutocrats from History Around the World

Europe esp. France - Rothschilds

Russia the Plut0cracy that made and is controlled by Oligarchs

City of London - run for, by and haven of the rich

The City (also called the Square Mile of ancient London, corresponding to the modern financial district, an area of about 2.5 km2) has a unique electoral system for its local administration, separate from the rest of London. More than two-thirds of voters are not residents, but rather representatives of businesses and other bodies that occupy premises in the City, with votes distributed according to their numbers of employees. The principal justification for this arrangement is that most of the services provided by the City of London Corporation are used by the businesses in the City. In fact about 450,000 non-residents constitute the city's day-time population, far outnumbering the City's 7,000 residents.

Roman Empire - run by privileged citizen senator

Venice/Florence/Genoa merchant controllers

US Plutocrat timeline of Power

1890s Anti-trust helped US undo Plutocrat power

After the Civil War, large industries reaching monopolistic or near-monopolistic levels of market concentration and financial capital increasingly integrating corporations, a handful of very wealthy heads of large corporations began to exert increasing influence over industry, public opinion and politics.

The Sherman Antitrust Act had been enacted in 1890.

Standard Oil and Rockefeller had tentacles all over the US industrial, energy and transportation system. President Theodore Roosevelt became known as the "trust-buster" for his aggressive use of United States antitrust law, through which he managed to break up such major combinations as the largest railroad and Standard Oil, the largest oil company. …we had come to the stage where for our people what was needed was a real democracy; and of all forms of tyranny the least attractive and the most vulgar is the tyranny of mere wealth, the tyranny of a plutocracy. -- Theodore Roosevelt

The Gay 1920s was definitely an era where inequality greatly boomed, and the rich held political power.

1970s Watergate and Ugly Military Industrial distortions led to

Energy, Defense used to control politics - now biggest lobbyists are Pharmas

  • The most influential families even in an economy that has minted billionaires in a dizzying array of industries, still most families made their fortunes (and kept the money) in just two: finance and energy. These sectors are helped MASSIVELY by

1980s Regan fiercely pro-business, Supply side, anti-taxation

Not since before Watergate have so few people and businesses provided so much early money in a campaign

Globalization decimated US but MNCs profits

The 1980+ Chairman of the Federal Reserve, Paul Volcker, who rescued US from massive inflation, also believed the US to be developing into a plutocracy.

According to Noam Chomsky and Jimmy Carter, the modern United States resembles a plutocracy though with democratic forms.

2004+ NeoCons in charge

2001-2015 Bush-Obama/Clinton Lies to make billions for their controllers

$5 Trillion dollars burnt - Iraq,Afghanistan,Syria destroyed, Iran an Enemy

2008 Finance+FED leverage USD Reserve to boost inequality - Plutocrats get richer

By 2011, Nobel-Prize economist Joseph Stiglitz said US was now "Of the 1%, by the 1%, for the 1%".

The actions of the Fed to "save" the banks, and other now has the US rapidly drifting towards a form of oligarchy, as individual citizens have less impact than economic elites and organized interest groups upon public policy. The entire "occupy Wall Street" movement had no net impact.

2015 Citizens United - New era of Political Graft - Approved by Supreme Court!

2015 Modern US influence has been mostly through channels legalized by the Supreme Court’s Citizens United decision five years ago.

2016 Donald Trump - elected by frustrated/angry Americans

Celebrity status

US Billionaire Plutocrats Enhance their Power and Influence on Political Narratives

  • A Plutocrat is a person whose power derives from their wealth.
  • A plutocracy (Greek: πλοῦτος, ploutos, 'wealth' + κράτος, kratos, 'power') or plutarchy is a society that is ruled or controlled by people of great wealth or income.

1980 Reagan Hollywood Celebrity Status used to Win Presidency, Iran helped!

MEDIA 60s : JFK won by TV Personality over Nixon

2016, 2020 Big Tech getting "opted" heavily involved - to fight regulation

Bezos and WPO

1996+ MSNBC - Gates and Microsoft control

Facebook can change local and specific

Google can tilt left or right - finding websites by order?

How Plutocracies arise, or Power Shifts between Groups

Capitalism and "Free Markets" gravitate to Plutocracies

In fact, in the political jargon and propaganda of the Communist International, Western democratic states were referred to as plutocracies, with the implication being that a small number of extremely wealthy individuals were controlling the countries and holding them to ransom.

Ironically in modern communist states, one North Korea is a totalitarian/repressive state, and one may argue that China/Russia are really no better.

For fascist Italy and Nazi Germany the word "plutocracy" replaced "democracy and capitalism" as the principal fascist term for the United States and Great Britain during the Second World War. For the Nazis, the term was often a code word for "the Jews". In their own turn, Nazis by exterminating millions of Jews, grabbed their many generations of wealth/gold and used that to support their power grab and finance rapid arming and invasion of neighbors with that wealth.

Jewish/Zionists and other Tribes that end up Plutocracies, Controlling Press/Hollywood

To some extent while sympathizing with the Jewish suffering in the holocaust there is no denying the strong ironhold the Zionists have over Anglo-US even 75 years after it. The entire press, media, tv/radio, movies and Hollywood, Wall Street, Universities are all dominated by Jewish PACs. In a sense the Jews underly power in the Western world other than perhaps EU proper ex UK.

Technology Change causes wide rifts

In a nation that is experiencing rapid technological change or economic growth, income inequality will tend to increase as the rate of return on innovation increases.

Power Grab by Military/Elites

Even today military juntas can grab power and establish dictatorships and consolidate power over time. Examples abound in Africa and the Mideast (Turkey,Syria) or there may be tribals.

Resource/Environmental Disaster

A plutocracy may develop when a country is collapsing due to resource depletion as the elites attempt to hoard the diminishing wealth or expand debts to maintain stability, which will tend to enrich creditors and financiers.

Some get rich VERY fast - Billionaires have VAST Disposable Money and HUGE EGOS!

Economists have also suggested that free market economies tend to drift into monopolies and oligopolies because of the greater efficiency of larger businesses (see economies of scale).

Key Factors in Keeping Plutocracies in Power

Voting restricted to rich few or the masses don't vote readily

After the Civil war, the poorest quarter of American residents (African-Americans and non-naturalized immigrants) were ineligible to vote

Funding of Political campaigns distorts

After the Civil war, the wealthy funded the campaigns of politicians they preferred, and vote buying was "feasible, easy and widespread"

Outright Electoral Fraud

After the Civil war, it was common for other forms of electoral fraud such as ballot-box stuffing and intimidation of the other party's voters.

Progressive Taxation helps Equality

The U.S. instituted progressive taxation in 1913. This through the 60s helped the emergence of the middle class in USA, and rapid rise of the highest living standards in the world.

One problem was the 70%+ taxes (federal+state) that were common at high incomes.

Rich work around for very low effective taxes

Even as early as the 1970s, elites used their increasing political power to lower their taxes, and today successfully employ what political scientist Jeffrey Winters calls "the income defense industry" to greatly reduce their taxes.

Upper 0.1% buys access to powers with lobbyists

Donor Class gave majority of seed money for Primaries

Modern American plutocrats were called "The Donor Class .. its money buys plenty of access."- Bob Herbert of The New York Times, 1998

  • In the 2016 election just 158 families and their controlled companies provided the majority of early money or $176m for efforts to capture the White House. Basically - it is fairly cheap to manage the primaries and pre-select candidates. Once that is done, the difference between Democrat and Republican candidates may not matter much.

  • Lichtblau, Eric; Confessore, Nicholas (10 October 2015). "From Fracking to Finance, a Torrent of Campaign Cash - Top Donors List".

References


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