Post by addisona on Feb 14, 2022 15:03:32 GMT
Beware of this deadly mix: oligarchic economics and racist, nationalist populism
The United States presents itself as the beacon of democracy in contrast to the autocracies of China and Russia. Yet American democracy is in danger of succumbing to the same sort of oligarchic economics and racist nationalism that thrive in both these powers.
After all, it wasn’t long ago that Donald Trump – who openly admired Xi Jinping and Vladimir Putin – encouraged racist nationalism in America while delivering much of the US government into the hands of America’s super-rich.
Now state-level Republicans are busily suppressing votes of people of color and paving the way for a possible anti-democratic coup, while the national Republican party excuses the attack on the Capitol – calling it “legitimate political discourse” – and censors Representatives Liz Cheney and Adam Kinzinger, the only two congressional Republicans serving on the panel investigating that attack.
America’s oligarchic wealth, meanwhile, has reached levels rivaling or exceeding those of Russia and China. During the pandemic, America’s 745 billionaires increased their holdings by 70%, adding $2.1tn to their wealth in just over a year.
A portion of this wealth is going into politics. As early as 2012, more than 40% of all money spent in federal elections came from the wealthiest of the wealthiest – not the top 1% or even the top tenth of the 1%, but from the top 1% of the 1%.
www.theguardian.com/commentisfree/2022/feb/13/us-republicans-oligarchs-economics-nationalism
The United States presents itself as the beacon of democracy in contrast to the autocracies of China and Russia. Yet American democracy is in danger of succumbing to the same sort of oligarchic economics and racist nationalism that thrive in both these powers.
After all, it wasn’t long ago that Donald Trump – who openly admired Xi Jinping and Vladimir Putin – encouraged racist nationalism in America while delivering much of the US government into the hands of America’s super-rich.
Now state-level Republicans are busily suppressing votes of people of color and paving the way for a possible anti-democratic coup, while the national Republican party excuses the attack on the Capitol – calling it “legitimate political discourse” – and censors Representatives Liz Cheney and Adam Kinzinger, the only two congressional Republicans serving on the panel investigating that attack.
America’s oligarchic wealth, meanwhile, has reached levels rivaling or exceeding those of Russia and China. During the pandemic, America’s 745 billionaires increased their holdings by 70%, adding $2.1tn to their wealth in just over a year.
A portion of this wealth is going into politics. As early as 2012, more than 40% of all money spent in federal elections came from the wealthiest of the wealthiest – not the top 1% or even the top tenth of the 1%, but from the top 1% of the 1%.
www.theguardian.com/commentisfree/2022/feb/13/us-republicans-oligarchs-economics-nationalism