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Plutocracy

What a Bloomberg Run Would Mean For 2016

Conor Lynch | Posted 02.12.2016 | Politics
Conor Lynch

It is still very likely that Clinton will get the nomination and Bloomberg will sit out, but a three- way race between two billionaires and a democratic socialist would certainly be ironic; not just because the socialist would be facing two billionaires, but because one billionaire would probably hand the other billionaire the election, further exposing how the political system favors the very rich.

Is Clinton Bought By Wall Street? There Is A Test For That

Dave Johnson | Posted 02.08.2016 | Business
Dave Johnson

Secretary Hillary Clinton has accepted millions in "speaking fees" and campaign contributions from interest groups - most notably Wall Street firms - that she will be in a position to help or hurt as president. She promises that the money will not influence her if she takes office, but voters are understandably skeptical.

The Top Nine Developments of 2015 that Defined the Struggle between Democracy and Plutocracy (Pt.1)

Rob Hager | Posted 02.01.2016 | Politics
Rob Hager

January 30, 1976 is to plutocracy in the United States what July 4, 1776 was to its democracy. The fortieth anniversary of Buckley v Valeo, the 1976 ...

Democracy of the Billionaires

Nomi Prins | Posted 02.01.2016 | Politics
Nomi Prins

For your amusement and mine, this being an all-fun-all-the-time election campaign, let's examine the relationships between our twenty-first-century plutocrats and the contenders who have raised $5 million or more in individual contributions or through super PACs and are at 5 percent or more in composite national polls.

After Bernie Wins, Then What?

Les Leopold | Posted 01.28.2016 | Politics
Les Leopold

If Bernie captures the nomination, then what does his "political revolution" look like? Arguably, whether he wins or loses the nomination, our task will be roughly the same.

Clinton/Krugman Defend 'Hardheaded Realism'... and Plutocracy

Les Leopold | Posted 01.25.2016 | Politics
Les Leopold

If Bernie continues to gain support it's precisely because voters understand that the choice is clear -- accept the reality of plutocracy and beg for crumbs --- or fight to tear it down.

6 Years of Citizens United

Zephyr Teachout | Posted 01.21.2016 | Politics
Zephyr Teachout

Citizens United was bad history, bad logic, bad law. Nobody with any common sense thinks that huge corporate expenditures don't corrupt politics, but the Court left common sense behind that day.

The Plutocrats Are Winning. Don't Let Them!

Bill Moyers | Posted 12.24.2015 | Politics
Bill Moyers

After three decades of engineering a winner-take-all economy, and buying the political power to consummate their hold on the wealth created by the system they had rigged in their favor, America's plutocrats have been taking the final and irrevocable step of separating themselves permanently from the common course of American life.

How the Rich Got Even Richer

Jon Wisman | Posted 09.23.2015 | Politics
Jon Wisman

Skyrocketing CEO pay has been much in the news for some time. Sky-high paychecks are identified as one of the principal causes of the explosion in inequality over the past 40 years.

How to Steal a Democracy

Andy Schmookler | Posted 08.10.2015 | Politics
Andy Schmookler

Imagine that you are a group of rich and powerful people eager to be still richer and more powerful. But you live in a democratic society that gives each citizen an equal vote and thus sets sets limit on how much power you can amass. So you decide to steal the people's democracy. How can this be done?

Big Money In Politics: Republican Debate Edition

Charles J. Reid, Jr. | Posted 08.07.2015 | Entertainment
Charles J. Reid, Jr.

We need to be mindful that Donald Trump, in his brash, crass, bloviating style managed to get to the heart of the crisis eating away at American politics. He is no reformer. He is the problem, and not the solution.

What's Taking Over America

Andy Schmookler | Posted 07.27.2015 | Politics
Andy Schmookler

If America is to be ruled by whoever commands the most money, it will be the corporate system, far more than individual billionaires, that calls the shots.

The Bull Moose Is Back: America's Rising Revolution Against The Super Rich, Ruling Elites

Dr. John C. Welch IV, M.T.S., M.B.A. | Posted 07.21.2015 | Politics
Dr. John C. Welch IV, M.T.S., M.B.A.

The middle class no longer has a voice. We now have zero influence on our own government.8 For the middle and working classes, we're back to where this nation started: Taxation without representation.

Next Big One: Repatriation Tax Holiday Giveaway to Corporations

Dave Johnson | Posted 07.14.2015 | Business
Dave Johnson

What is really going on is the game is being rigged. Corporations get huge tax breaks and subsidies, a few billionaires and plutocrats get the cash, and We the People, the 99 percent, have to make up the difference.

Now We Build a Fair Trade Movement

Dave Johnson | Posted 06.29.2015 | Business
Dave Johnson

Fast track trade authority passed last week. So many of us fought so hard but The money won again -- this time. What do we do now? We take this awareness and energy into the fight against the Trans-Pacific Partnership (TPP).

Trans-Pacific Partnership: Obama Sides With the Wrong People for the Wrong Reasons at the Wrong Time

Joseph A. Palermo | Posted 06.25.2015 | Politics
Joseph A. Palermo

President Obama not only expended his own "political capital" by pushing for fast-track but that of the Democratic Party too. He had a clear choice: either side with workers, environmentalists, consumers, and progressives -- or side with Wall Street, Big Pharma, Wal-Mart, and the Koch Brothers.

Both Parties Are Owned by Wall Street

Jon Wisman | Posted 06.11.2015 | Politics
Jon Wisman

The result of the political system being hijacked by the economic elite has been near unanimous support for pro-wealthy, pro-business policies, like TPP. As the rich use these policies to become richer and more politically powerful, our democracy is being replaced by plutocracy.

Will TPP Kill the Post Office?

Dave Johnson | Posted 06.05.2015 | Business
Dave Johnson

Will TPP enable the privatizers to declare things like our beloved U.S. Postal Service, schools and roads to be "commercial activity" that competes with private companies? How about our parks, libraries, public pensions and other public services?

Bernie's Movement, Hillary's Challenge

Andy Schmookler | Posted 06.05.2015 | Politics
Andy Schmookler

The newspeople have noticed that Bernie Sanders is attracting crowds bigger and more enthusiastic than they'd have predicted. What's happening here, they've wondered?

Fast Track Hits House Next Week; Clinton Must Speak Up

Dave Johnson | Posted 05.28.2015 | Politics
Dave Johnson

People are impatient for a real champion. This is not a time to be safe, sit back, read polls, and wait out controversy. The economy simply is not working for most of us, and people know it. People see that the game is rigged and want proposals for transformative change.

The Challenge of Journalism Is to Survive in the Pressure Cooker of Plutocracy

Bill Moyers | Posted 05.28.2015 | Media
Bill Moyers

But we need more than money to sustain independent journalism. We need laws to ensure that reporters can protect their sources. We need to hound government at every level to respond to public records requests.

IL Governor Rauner's Pal Made $625,000 Per Hour Last Year and Then Gave $10 Million to Rauner Campaign to Attack Unions and Cut Worker Pay

Robert Creamer | Posted 05.07.2015 | Politics
Robert Creamer

The New York Times reported yesterday that Illinois Governor Bruce Rauner's chief political backer, Ken Griffin, made $1.3 billion last year as manager of the hedge fund Citadel Capital. Griffin made as much personally as 26,000 average Americans making the median wage.

Paul Blumenthal

John Roberts Basically Thinks It's OK When Politicians Just Do What Wealthy Donors Say

HuffingtonPost.com | Paul Blumenthal | Posted 05.01.2015 | Politics

WASHINGTON -- When it comes to campaign finance law, Chief Justice John Roberts taketh away even as he giveth. On Wednesday, the Supreme Court uphe...

Money, Money, Money

Gerry Myers | Posted 06.28.2015 | Politics
Gerry Myers

There is an old saying, "Money is the root of all evil." While money may not cause evil in all circumstances, it certainly can sway some people toward the path of corruption and bad behavior.

A Letter of Apology to My Grandson

Tom Engelhardt | Posted 06.23.2015 | Politics
Tom Engelhardt

Stretch anything far enough and it'll begin to tear, fragment, break apart. That, I suspect, may be a reasonable summary of what's been happening in our twenty-first-century world. Under stress, things are beginning to crack open.