Tag Archives | plutocracy

Plutocrats vs. Oligarchs

PIC: Lihatria007 (CC)

PIC: Lihatria007 (CC)

David Rosen writes at CounterPunch:

Oligarchy is defined as “government by the few” and came into English use around 1570.  The term derives from two Greek words: oligos meaning “few” and arch for “rule”; similar English-language terms include monarch or hierarchy.  Plutocracy is derived from the Greek ploutos meaning “wealth” and kratos for “govern.”

Today, both concepts — plutocrats and oligarchs — refer to the growing influence the rich – and especially the superrich – have on the national (and international) political economy.  Oligarchs are plutocrats who use their enormous wealth to further a particularly conservative, if not rightwing, agenda.

Thomas Piketty’s study, Capital in the Twenty-First Century, reveals that the U.S. – along with much of the advanced capitalist world — is returning to what economist Paul Krugman calls the “new Gilded Age.”  Piketty finds that that in 2010, the top 1 percent controlled 20 percent of U.S.

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If Voting Doesn’t Matter, Why Do Evil Billionaires Seem to Think it Does?

blueenergyheatherFor everyone who thinks voting doesn’t matter I’ve got two words for you: legal weed. Okay, shut the fuck up now. Thank you. My state is currently not arresting people for up to an ounce of marijuana and it will soon be sold in stores, which is the greatest victory of the people thusfar in the drug war. Guess how that happened? One, some determined folks got it on the ballot and two, we voted for it. For the record, it wasn’t even close. Why am I bringing this up? For the most part I try and avoid politics in my writing (outside of the drug war) because I tend to think it takes away from a spiritual message that should be applicable to anyone regardless of political affiliation (man are people divided on politics in this country). But I just voted the other day and once again, had to endure a bunch of commentary from idiots on the internets about how “it doesn’t matter who you vote for man”.… Read the rest

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Russian Corruption ‘Out of Control’

Via Al Jazeera:
Valery Morozov, a successful Russian businessman has been granted political asylum in Britain after exposing an alleged corruption scandal involving officials and police in Russia. Hoping to build a hotel in time for the 2014 Winter Olympics in Sochi, he says he paid about $10.5m in bribes to keep the contract from a competitor with close ties to the government, contributing to an estimated $300bn in bribes paid by Russians every year, according to the anti-corruption organisation Transparency International.
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Mitt Romney Caught Buying Votes

Mitt Romney Steve Pearce event 057So that’s what’s so magic about Mormon underwear–it’s lined with $10’s and $20’s. I only hope that poor woman accepted it with a pair of boiled iron tongs. From CNN‘s Rachel Streitfeld:

Sumter, South Carolina (CNN) – Mitt Romney gave a handful of cash Saturday to a woman who had told him she was struggling financially after an event in Sumter, South Carolina.

An aide said the GOP candidate gave the supporter “what he had on him” – about $50 or $60.

The woman, Ruth Williams, met Romney earlier in the week and told him she was having trouble making ends meet. On Saturday, Romney recognized Williams while he was shaking hands with supporters after a rally, an aide said.

Romney spoke to the woman and handed her several bills.

“He was kind to me,” Williams said. “He held onto me and he made Gov. [Nikki] Haley and them come see about me.”

Williams told reporters that on Wednesday she had seen Romney’s campaign bus on the highway and followed it to an airport.

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The Economy of The Crow: Bird Brains Want to Throw Away $116 Billion A Year to Benefit The Richest 1.3% ‘Small’ Business Owners

There is an old folk saying that comes down from the Irish tradition:  “The economy of the crow”.  It’s uttered whenever some old wag wishes to describe, in a dryly pithy manner, a short-sighted and foolish resource management strategy.  It supposedly is derived from the habit of scavenger birds like crows who, upon noticing an unharvested bit of carrion ripe for the picking, tend to drop whatever goodies they may currently have in their clutches in order to go in pusuit.  Basically the saying is a ridicule, a chastisement of stupid waste.
Economy of The Crow
While that kind of bird-brained buffoonery may be understandable in a creature with the cranial capacity of a thimble, it’s not the type of responsible management practice we expect from our elected representatives.  Certainly not from the members of the party that claim in one breath to be both the party of fiscal responsibility and the party of deep business savvy.  Nonetheless that’s exactly what Republican’t douchebags like Paul Ryan (R-WI) and McConnell (R-KY) continue to parrot unashamedly when they urge for yet another tax cut for the wealthiest 2% of Americans.  We’ve already estimated at Chart 2 of this post that tax cuts for elite income individuals as proposed by Ryan will likely add $116 BILLION* per year to the deficit.… Read the rest

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Bill Moyers: Welcome To Plutocracy!

Bill Moyers

Bill Moyers

Mr. Moyers delivers his take on what went wrong, where it’s leading, and what to do about it. Take it as you will, but I think it nails the big issues right to the wall for all to see. Via TruthOut:

Bill Moyers speech at Boston University on October 29, 2010, as a part of the Howard Zinn Lecture Series.

I was honored when you asked me to join in celebrating Howard Zinn’s life and legacy. I was also surprised. I am a journalist, not a historian. The difference between a journalist and an historian is that the historian knows the difference. George Bernard Shaw once complained that journalists are seemingly unable to discriminate between a bicycle accident and the collapse of civilization. In fact, some epic history can start out as a minor incident. A young man named Paris ran off with a beautiful woman who was married to someone else, and the civilization of Troy began to unwind.

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