Posted at Hartmann Report on Nov. 18, 2024
The Transitional Oligarchy: Democracy’s Last Stand?
The road ahead could lead to dictatorship or renewed liberty, as the American people confront the corrosive power of wealth in politics…
Oligarchy is a form of government where the richest people in a country have captured its political system (or even filled it with themselves) and use that control to direct much of the government's efforts to increasing their own wealth and power.
We'll soon again have a billionaire president — helped to power by the richest billionaire on the planet — with his election campaign funded in large part by at least $2 billion in direct, reported donations from roughly 150 billionaire families.
It appears that the other roughly 350 billionaires who openly funded Trump in 2020 chose, this time, to instead donate to "dark money" SuperPACs created by five corrupt Republicans on the Supreme Court with Citizens United that don't list their donors or, in many cases, even report their expenditures. With an estimated $15 billion spent on this 2024 election, their expenditures probably dwarf the ones we know about (and collectively they carpet-bombed Americans in often-deceptive political advertising).