Wednesday, December 18, 2024

Here Come the Oligarchs to Undermine Democracy

 

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On Target Dec 18.mp4
 
 

Here Come the Oligarchs to Undermine Democracy

Self-serving, knee-bending billionaires are joining Trump's gravy train

This new “On-Target” short video by Mark Jacob and me highlights a recent Rolling Stone story focusing on the system of government known as oligarchy—and how the right is embracing it. The super-rich know Trump can punish or reward them, and he’s succeeding at pressuring them into anti-democratic alliances with him. Sadly, some billionaires are more than happy to do so.

Here’s how Connecticut Sen. Chris Murphy describes oligarchy: “A handful of really rich people run the government and they steal from ordinary people, using their access to government in order to make themselves and their families even richer.” I expect this is a topic and a burgeoning reality that we will be giving special attention to in the months ahead.

Jacob is author of the excellent “Stop the Presses” newsletter. Check it out if you haven’t already.

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