Posted at Hartmann Report on Dec. 20, 2024
How Oligarchy Works: Who Wins, Who Loses?
President Musk and his sidekick Donald Trump are demanding that Republicans in the House and Senate cut funding to numerous programs that help average Americans (including food, medical, and even child cancer research) and raise the debt ceiling to pave the way for the federal government to borrow another $5 trillion to hand to billionaires in the form of more tax cuts.
You won't hear about what they're doing, or how we and our children will pay for it, on billionaire Murdoch-family-owned Fox "News," of course, nor on billionaire-owned rightwing radio stations, or from podcasts supported by billionaires. But that's exactly what's happening and it's no secret.
This is called oligarchy, as I detail in The Hidden History of American Oligarchy: Reclaiming Our Democracy from the Ruling Class. It's a very different form of government from democracy, which is what most Americans believe we still have.