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Miss Gayle

"Pay enough attention to this...infrastructure of wealth, secrecy, and tax avoidance, and you might...ask...an uncomfortable question: If the [Russian] Amadea is a symbol of a failed political & economic system, what exactly does that make all of our super-yachts?

“We talk all the time about Putin & his oligarchic friends,” Vermont Sen. Bernie Sanders told me recently. “But for obvious reasons we don’t talk about oligarchy in the United States.”

Link: motherjones.com/politics/2024/

From Mother Jones: The Rise of the American Oligarchy What targeting Russia’s wayward billionaires revealed about our own. BY TIM MURPHY When the US targeted Russia’s oligarchs after the invasion of Ukraine, the trail of assets kept leading to our own backyard. Not only had our nation become a haven for shady foreign money, but we were also incubating a familiar class of yacht-owning, industry-dominating, resource-extracting billionaires. In the January + February 2024 issue of our magazine, we investigate the rise of American Oligarchy—and what it means for the rest of us. There is something new at work here. This American oligarchy offers a twist on the pilfering of the commons that produced Russia’s. It is built on a different kind of resource-your data, your attention, your money, your public square. These men (mostly) exult in their almost godlike status over the politicians they fund, the platforms they own, and the industries they’ve...monopolized. They are prone to grandiose proclamations about outer space & immortality. But the day-to-day effect of their power is felt less in the glitter than in the gravity it exerts on everything else—the accumulated burden & strain that hardening political & economic inequality puts on public services, on policy, and on the places we live & work. This world ropes you in with its yachts & private jets, but the story of American oligarchy is not just about the spoils. It’s about what everyone else is losing in the process.
#Coup#Economy
Mar 25, 2025, 09:23 PM·Public
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