Tag: Plutocracy

Old Dog Thought- We’ve seen Newtonian thinking dominate Conservative thinking applied in every aspect of our lives. Einstein proved it wrong and the LNP refuse to let go.

Fighting Fake News with REAL; 2/12/21; Plutocracy, Captain Bunjee, Trolls Women,

Is it the Trump-Monster or capitalist Plutocracy? With 250,000 Dead, why is the US Virus Response so Particularly Bad?

the United States has passed the grim milestone of 250,000 deaths. Trump had predicted a worst case of 50,000 deaths last spring, but then Donald Trump could not find his ass with both hands.

Is it the Trump-Monster or capitalist Plutocracy? With 250,000 Dead, why is the US Virus Response so Particularly Bad?

Is Bernie Sanders Right that 3 Billionaires Have more Wealth than Half of America?

https://www.juancole.com/images/2019/06/Wealthy-3.png

The wealthiest 3 billionaires in the U.S. –Jeff Bezos, Bill Gates and Warren Buffett — now have as much wealth as the bottom half of the U.S. population combined.

Since 1982, these three families have seen their wealth increase nearly 6,000 percent, factoring in inflation. Meanwhile, the median household wealth went down 3 percent over the same period.

The dynastic wealth of the Walton family grew from $690 million in 1982 (or $1.81 billion in 2018 dollars) to $169.7 billion in 2018, a mind-numbing increase of 9,257 percent.

via Is Bernie Sanders Right that 3 Billionaires Have more Wealth than Half of America?

Election 2019: how good is plutocracy! – Michael West

Election 2019: how good is plutocracy!

This all goes to the inexorable transition of power from citizens to multinational corporate interests, from voters to those who don’t vote. It is a global trend but given that Australia is a relatively small market, the concentration of corporate power via monopolies and duopolies is marked.

To borrow from the parlance of the Prime Minister, the big corporations are definitely “having a go to get a go”. Citizens however, briefly, had their go the other day. And, having made their decision in favour of the Coalition, have given a really good go to multinationals.

Large corporations and some wealthy business people, unlike ordinary people, make political donations. They don’t give money to political parties on the expectation of zero return. They have paid their dues, now it’s payback time. The only way to extract this cancer from the body politic is to ban money in politics. Australia is a long way from doing that, and until it comes, public confidence in the system will continue to erode.

via Election 2019: how good is plutocracy! – Michael West

“The Iranians didn’t get the Sudetenland”: Conservatives freak out over Iran nuclear framework – Salon.com

"The Iranians didn't get the Sudetenland": Conservatives freak out over Iran nuclear framework

“The Iranians didn’t get the Sudetenland”: Conservatives freak out over Iran nuclear framework – Salon.com.