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oligarchy
President Chaos Presiding Over Hell on Earth
Donald Trump is guaranteed to make this not only the hottest planet around but a planet of billionaires living in a new golden age (both of their wealth and of a world in flames).
Jan 06, 2025
Honestly, as 2025 begins, isn’t it finally time to reimagine American history? So, what do you think of this: George Trump, Abraham Trump, Ulysses S. Trump, Franklin D. Trump, Dwight D. Trump, John F. Trump, Lyndon B. Trump, and even Richard M. and George W. Trump. And yes, of course, on January 20th, Donald J. Trump (of all people) will once again be president of these distinctly (dis-)United States of America.
As Joe Biden hobbles into… well, if not the future, then some unknown past, HE looms over us, the political equivalent of a giant armed drone about to be back in the skies of our lives. Of all the Americans whom, once upon a time, I couldn’t have dreamed of being in the White House, Donald J. Trump would have been at the top of my list. No longer, of course. Sometimes I even imagine calling my parents back from the dead and trying to explain President Trump (twice!) to them. They would be… well, flabbergasted is far too modest a word for it, even if, to put him in a context they would have understood, I had compared him to a nightmarish figure of their own time: Wisconsin Senator Joseph R. McCarthy.
My mother was a political and theatrical caricaturist in the 1950s. Of all the drawings of hers I still have, the one that, grimly enough, I keep propped up near my desk in the room where I work — call me a masochist, if you will — is a caricature she did for the New York Post (in the pre-Murdoch days when it was still a liberal publication) of that grimmest of senators of her era, Joe McCarthy. He was the fellow who claimed that the State Department contained hundreds — yes, hundreds! — of communists. She drew that eerily smiling portrait in the spring of 1954 at the time of the Army-McCarthy hearings when he insisted that the U.S. military, too, was filled with commies and, in the process, essentially took himself down.
I was then nine years old and Senator McCarthy’s face was quite literally the first one I ever saw on a black-and-white TV in my house after the Post hired my mom to draw those televised congressional hearings. On opening our front door and walking in from school on whatever spring day that was, the face on that new TV screen was… well, the political precursor to D.J.T., although McCarthy looked far more like the evil monster he was than The Donald does. (No yellow hair and burnished red face for him.)
And yes, he was indeed a monster (and not just an anti-communist maniac, but an antisemitic one, too). Here’s the difference, though: he could indeed wound officials in Washington, as well as figures in the entertainment industry and elsewhere, destroying careers, but he was a senator and no more than that. In other words, he never truly entered the ultimate realms of American, not to speak of global, power.
Unlike Donald Trump, he was never chosen to be president, no less reelected to that powerful position in an era when, thanks in part to this country’s Global War on Terror, whoever holds that office has become a far more powerful figure in the American political landscape. Senator McCarthy never had a significant hand in creating the national budget. He undoubtedly couldn’t have imagined taking stances like insisting that this country should possess Greenland or repossess the Panama Canal, no less referring to Canada as “the 51st state” and its leader as “Governor Justin Trudeau,” as You Know Who did only recently. He could never have ordered the U.S. military to do anything, no less potentially round up and deport masses of immigrants (though, had he been alive in 2017, he might at least have agreed with Donald Trump that a group of neo-Nazi and white nationalist protestors in Charlottesville, Virginia, included some “very fine people”).
Strangely enough, however, they had more in common than just a certain grim similarity in style, belligerence, and subject matter. The two of them were also linked by a single adviser, one Roy Cohn, who helped them both find their all-too-aggressive footing in this ever stranger world of ours.
A New “Golden” Age
Now, of course, we’re about to face the modern Joe McCarthy the third time around (counting, of course, his loss in 2020 that he’s never stopped disputing). He will return to the White House on a planet that, in more than one sense, is all too literally going to hell in a handbasket. I mean, just imagine this: in the last election, 49.7% of American voters and a striking number of energy industry funders decided to send back to the Oval Office a man whose tagline was, above all else, “drill, baby, drill” — a phrase that, in reality, should have been “heat, baby, heat,” or “destroy, baby, destroy,” in a world that’s already been warming to the boiling point, with year after year of unprecedented high temperatures even when he wasn’t in office. We’re talking about a candidate who has openly sworn that, on Day One back in the White House, he will direct his government to do everything in its power to turn this planet into an all-too-literal hothouse.
So, expect a presidency focused — to the extent that Donald Trump can truly focus on anything (except, of course, himself) — on drilling, drilling, drilling for oil and natural gas, and so adding significantly more greenhouse gases to the atmosphere (and waters) of Planet Earth. Which means more wildfires, droughts, unprecedented storms, you name it. And that, of course, is just to begin to lay out the nightmare to come. And don’t forget that, at least until (as predictably will happen) Trump turns on him, it looks like we’ll have as co-president the richest person on earth, that potential future first trillionaire Elon Musk. We’re talking, of course, about the fellow who only recently and all too symbolically gave his support to Germany’s rising anti-immigrant neo-Nazi party, the Alternative für Deutschland. (“Only the AfD can save Germany.”)
Yes, Donald Trump is guaranteed to make this not only the hottest planet around but a planet of billionaires living in a new golden age (both of their wealth and of a world in flames).
When you think about it (as so many American voters obviously didn’t) on this ever hotter, more arid, more wildly stormy planet of ours, we (and I think under the circumstances I should put that in quotes) — “we” voted back into office someone who will leave Senator Joe McCarthy in the dust of history when it comes to utter malevolence and destructiveness. Consider it guaranteed that he will go a long way toward tearing both this country and this world apart. Indeed, he truly does give the all-American decline of the United States and this planet wild new meaning.
Unlike Senator McCarthy, he won’t just malignantly take out a few imagined bad guys, but potentially all of us. In such a context, four years of (or do I mean in?) hell will have a new, anything but metaphorical meaning in the wake (not an inappropriate word under the circumstances) of the year that will undoubtedly prove to have been the hottest ever and which, in the years to come, will undoubtedly be left in — once again! — the dustbin of history. Oh, and with the help of Elon Musk (or as Bernie Sanders calls him “President Elon Musk”), he only recently tried (and failed) to ensure that Americans who were recently clobbered by two horrific hurricanes that had been fed mightily by the ever more severely overheated waters of the Gulf of Mexico would not get any further government help in the recovery process.
Consider it no small thing that, 70 years after Senator Joe McCarthy went down in flames (and then essentially drank himself to death), an all-too-fierce update of him (and what an update he is!) will once again be in the White House, backed — imagine this, Joe! — by the richest man on Planet Earth, a possible future speaker of the House of Representatives, Trump’s ultimate attack dog — or do I mean (thanks to Space X) the commander in chief of outer space? — Elon R. Musk, who controls a world of commentary, communication, and entertainment that would have been inconceivable on the planet where black-and-white TVs were a wonder to behold.
Make America Gross Again
Imagining the future has never been among humanity’s greatest skills. With that in mind let me nonetheless suggest that Donald Trump’s return to the all-too-grimly Grayer House is a sign of how this country and this planet are preparing to go down big time. The second time around, consider him the functional definition of decline — even if the U.S. does get Greenland and the Panama Canal in the bargain. (Okay, I’m just joking or do I mean Donalding?) In fact, think of MAGA the second time around as Make America Gross Again.
There have, of course, been distinctly bad times in this country before. Consider, for instance, 1968, the year of the assassinations of both Martin Luther King, Jr., and Robert Kennedy, of rioting and destruction in American cities, and of the horror of the ongoing war in Vietnam and the election of — god save us! — Richard M. Nixon as president. Still, it remains hard to face the second round (or is it the 102nd round?) of Donald J. Trump.
Yes, starting on January 20th, you can plan on watching the country that, in the years after the Soviet Union’s collapse in 1991, American officials came to think of as “the sole superpower” on planet Earth, begin to come apart at the seams on a planet that, unfortunately, is now doing the same. After all, a Europe increasingly threatened by rightist regimes seems itself at the edge of a similar reality (while, of course, Donald Trump functionally dismisses the NATO alliance), even as the nightmarish war in Ukraine spins on (and on and on), while the Middle East seems to be in a stunning process of disintegration.
It’s important, in fact, to put Donald Trump in a global context since he was anything but solely responsible for either the climate or war chaos that’s been increasing for all too long with or without him. What he represents, however, is the coming apart at the seams of that once-upon-a-time sole superpower and that’s no small thing in what still passes for human (or perhaps I mean inhuman) history.
And don’t expect any better when he takes on what passes (even if not very well these days) for the rising superpower on Planet Earth, China, tariff by tariff. Believe me, it won’t be pretty, economically, politically, or even potentially militarily to see who trumps whom in that global showdown between the two powers now putting more greenhouse gases into the atmosphere than any other countries on this planet.
In short, we’re living in a world of increasingly human-made chaos (with a distinct helping hand from nature) that’s about to experience an occupant of the White House who should be considered President Chaos. You know, the man who won the 2024 election by “a landslide” (or so he claims) and is, as Senator Bernie Sanders has suggested, moving us ever closer to oligarchy and authoritarianism. Under the circumstances, don’t be surprised if, in our future, lurks an even more devastating set of landslides due to… yes, among other things, climate change.
So, thank you, President Chaos (and, for the time being, Elon) for offering such a helping hand in putting us on the path to an all too literal hell on Earth.
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Let's Make Trump the Last Gasp of America's Second Gilded Age
The challenge is the same as it was at the start of the 20th century: To fight for an economy and a democracy that works for all rather than the few.
Jan 03, 2025
Ultra-wealthy elites. Political corruption. Corporate monopolies. Anti-immigrant nativism. Vast inequality.
These problems aren’t new. In the late 1800s, they dominated the country during America’s first Gilded Age. We overcame these abuses then, and we can do so again.
Mark Twain coined the moniker “The Gilded Age” in his 1873 novel to describe the era in American history characterized by corruption and inequality that was masked by a thin layer of prosperity for a select few.
The end of the 19th century and start of the 20th marked a time of great invention — bustling railroads, telephones, motion pictures, electricity, automobiles — that changed American life forever.
But it was also an era of giant monopolies — oil, railroad, steel, finance — run by a small group of men who had grown rich beyond anything America had ever seen.
It seemed as if American capitalism was out of control, and American democracy couldn’t do anything about it because it was bought and paid for by the rich.
They were known as “robber barons” because they ran competitors out of business, exploited workers, charged customers exorbitant prices, and lived like royalty as a result.
Money consumed politics. Robber barons and their lackeys donated bundles of cash to any lawmaker willing to do bidding on their behalf. When lobbying wasn’t enough, the powerful moneyed interests turned to bribery — resulting in some of the most infamous political scandals in American history.
The gap between rich and poor in America reached record levels. Large numbers of Americans lived in squalor.
Anti-immigrant sentiment raged, leading to the enactment of racist laws to restrict immigration. It was also a time of voter suppression, largely aimed at Black men who had recently won the right to vote.
The era was also marked by dangerous working conditions. Children often as young as 10, but sometimes younger, worked brutal hours in sweatshops. Workers trying to organize labor unions were attacked and killed.
It seemed as if American capitalism was out of control, and American democracy couldn’t do anything about it because it was bought and paid for by the rich.
But America reached a tipping point. The nation was fed up. The public demanded reform. Many took to the streets in protest. Investigative journalists, often called “muckrakers” then, helped amplify their cries by exposing what was occurring throughout the country.
A new generation of political leaders rose to end the abuses.
Teddy Roosevelt warned that “a small class of enormously wealthy and economically powerful men, whose chief object is to hold and increase their power,” could destroy American democracy.
After becoming president in 1901, Roosevelt used the Sherman Antitrust Act to break up dozens of powerful corporations, including the giant Northern Securities Company, which had come to dominate railroad transportation through a series of mergers.
Seeking to limit the vast fortunes that were creating a new American aristocracy, Congress enacted a progressive income tax through the 16th Amendment, as well as two wealth taxes.
The first wealth tax, in 1916, was the estate tax — on the wealth someone accumulated during their lifetime, paid by the heirs who inherited it. The second tax on wealth, enacted in 1922, was a capital gains tax — on the increased value of assets, paid when those assets were sold.
The reformers of the Gilded Age also stopped corporations from giving money directly to politicians or political candidates.
Then Teddy Roosevelt’s fifth cousin (you may have heard of him) continued the work through his New Deal programs, creating Social Security, unemployment insurance, and a 40-hour workweek and requiring that employers bargain in good faith with labor unions.
But following the death of FDR and the end of World War II, and after America had built the largest middle class the world had ever seen, we seemed to forget about the abuses of the Gilded Age.
The reforms that followed the first Gilded Age withered.
Starting with Reagan, taxes on the wealthy were lowered. Campaign finance laws were weakened. Social safety nets became frayed. Corporations stopped bargaining in good faith with labor unions.
Now, more than a century later, America has entered a second Gilded Age.
Monopolies are once again taking over vast swaths of the economy. So we must strengthen antitrust enforcement to bust up powerful companies.
Now another generation of robber barons, exemplified by Elon Musk, is accumulating unprecedented money and power. So, once again, we must tax these exorbitant fortunes.
Wealthy individuals and big corporations are once again paying off lawmakers, sending them billions to conduct their political campaigns, even giving luxurious gifts to Supreme Court justices. So we must protect our democracy from Big Money, just as we did before.
As it was during the first Gilded Age, voter suppression is too often making it harder for people of color to participate in our democracy. So it’s once again critical to defend and expand voting rights.
Working people are once again being exploited and abused, child labor is returning, unions are being busted, the poor are again living in unhealthy conditions, homelessness is on the rise, and the gap between the ultra-rich and everyone else is nearly as large as in the first Gilded Age.
So once again we need to protect the rights of workers to organize, invest in social safety nets, and revive guardrails to protect against the abuses of great wealth and power.
Seeking these goals may seem quixotic right now, just weeks before Trump and his regime take power with a bilious bunch of billionaires.
But if history is any guide, they will mark the last gasp of America’s second Gilded Age. We will reach the tipping point where Americans demand restraints on robber-baron greed.
The challenge is the same as it was at the start of the 20th century: To fight for an economy and a democracy that works for all rather than the few.
I realize how frightening and depressing the future may look right now. But we have succeeded before, when we fought against the abuses of the first Gilded Age. We can — and must — do so again now, in America’s second Gilded Age.
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Sanders Lays Out Plan to Fight Oligarchy as Wealth of Top Billionaires Passes $10 Trillion
"If there was ever a moment when progressives needed to communicate our vision to the people of our country, this is that time," wrote Sen. Bernie Sanders. "Despair is not an option."
Dec 31, 2024
A Bloomberganalysis of billionaire wealth published Tuesday found that the combined fortunes of the 500 richest people on the planet surpassed $10 trillion this year, a finding that came shortly after U.S. Sen. Bernie Sanders issued an urgent call to action to prevent the emergence of "an oligarchic and authoritarian society."
The new analysis notes that the world's top 500 billionaires "got vastly richer" this year with the help of "an indomitable rally in U.S. technology stocks."
Just eight billionaires—Elon Musk, Mark Zuckerberg, Jensen Huang, Larry Ellison, Jeff Bezos, Michael Dell, Larry Page, and Sergey Brin—added more than $600 billion to their collective wealth in 2024 and accounted for 43% of the $1.5 trillion increase in net worth among the world's 500 richest people, according to Bloomberg.
"But it was Musk—the so-called 'first buddy' of President-elect Donald Trump after unprecedented support for his reelection campaign—who dominated the world's wealthiest in 2024," Bloomberg observed, adding that Trump himself also saw his fortune surge to a record high this year, "boosted by the performance of his majority stake in Trump Media & Technology Group Corp."
Musk's use of his enormous fortune to influence the U.S. political system—including via his purchase of one of the world's largest social media platforms and donations to Trump's 2024 campaign—amplified existing concerns about the corrosive impact of massive wealth concentration on democracy.
And wealth inequality in the U.S. could soon get worse, with Trump and the incoming Republican-controlled Congress set to pursue another round of tax cuts for the ultra-rich and large corporations.
"They do not believe in democracy—the right of ordinary people to control their own futures. They firmly believe that the rich and powerful should determine the future."
In an email to supporters on Monday, Sanders (I-Vt.) called the rapid shift toward oligarchy in the U.S. "the defining issue of our time," warning that billionaires have come to increasingly dominate not only "our economic life, but the information we consume and our politics as well."
"A manifestation of the current moment is the rise of Elon Musk, and all that he stands for," Sanders wrote, pointing to Musk's outsize influence on the 2024 election and his key role in shaping Trump's billionaire-dominated Cabinet.
"But it's not just Musk. Billionaire owners of two major newspapers overrode their editorial boards' decisions to endorse Kamala Harris, while many others are kissing Trump's ring by making large donations to his inauguration committee slush fund," the senator continued. "They do not believe in democracy—the right of ordinary people to control their own futures. They firmly believe that the rich and powerful should determine the future."
Progressives, Sanders wrote, have a "radically different vision," one that prioritizes "an economic system based on the principles of justice," "a vibrant democracy based on one person, one vote," and making "healthcare a human right."
"Even though we are not going to succeed in achieving that vision in the immediate future with Trump as president and Republicans controlling Congress, it is important that vision be maintained and we continue to fight for it," wrote Sanders.
Since Trump's victory in the 2024 election, Sanders has focused heavily on the need to organize the working class to combat the threat posed by Musk and other far-right billionaires who have amassed obscene wealth and political power.
In his email on Monday, the senator said he intends to "travel, organize, hold events, and create content that reaches people where they are" in the coming weeks as part of the "struggle to determine where we go from here."
"Will this effort be easy?" asked Sanders. "No, of course it will not. Can it be done? We have no choice. If there was ever a moment when progressives needed to communicate our vision to the people of our country, this is that time. Despair is not an option. We are fighting not only for ourselves. We are fighting for our kids and future generations, and for the well-being of the planet."
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