Oligarchs

America makes the claim that Corrupted Russia today is dominated by corrupted oligarchs who run Russia.. and how much different is it in the US? or in Israel too? Or Canada? or Ukraine?

”Israel’s leaders hold the country out as a democracy … just like the U.S. In reality America is officially no longer a democracy … as control, wealth is so concentrated that it has broken the political system.. The same thing is true in Israel …

Israel has never been a democracy.

Forbes Israel warned of oligarchy in 2006.

Israel has been governed by an oligarchy. These are self-styled lords of the manor who have power over civil and military sectors, and share the spoils of rule between themselves. The subjects can talk, but have no influence. Israel has been transformed from the only democracy in the region, to a democracy where power is held by only a few.

Most Americans probably don’t know that the 2nd most unequal “rich” country is the close ally and client state of Israel, whose own oligarchs own a significant slice of the Israeli economy.

About 21 percent of Israelis live in poverty, the highest among developed countries that are part of the Organization for Economic Cooperation and Development.

And the Israeli people’s anger is increasingly being directed at the Israeli tycoons that hold an immense amount of wealth. Ordinary Israelis see the oligarchs as a testament to the vast gulf between the very rich and the rest of Israel. For many, inequality is the main economic issue in the country.

Today, about 20 Israeli families control a disproportionate amount of the Israeli economy. The families, whose holdings span the gamut of the Israeli economy, lay claim to about half the Israeli stock market and own one in four Israeli firms, according to the Financial Times. In 2010, a parliamentary report found that 10 business groups, most of them owned by wealthy families, control 30 percent of the market value of public companies. The families have holdings in real estate, financial services, supermarkets, the airline industry, telecommunications and more

What it all adds up to is an oligarchy, a system where a tiny slice of Israelis maintain a stranglehold over much of the Israeli economy.

Israel is now right up there with America as one of the most unequal societies in the advanced world. And Israel’s experience shows that this matters, that extreme inequality has a corrosive effect on social and political life.

A large share of income is going to the top 1 percent, there is an extreme concentration of wealth and power among a tiny group of people at the top. And I mean tiny. According to the Bank of Israel, roughly 20 families control companies that account for half the total value of Israel’s stock market.

Israel’s economy and regulatory apparatus, which has become increasingly captured by special interest groups over the past two decades, enabled the rise of an Israeli oligarchy comprising just ten pyramidal business groups, controlled by individuals or families – and affiliated professionals, such as accountants, lobbyists, lawyers, managers, consultants and other businessmen and business groups.This oligarchy, whose power is embedded by the big banks, controls substantial shares of the market economy and the public’s financial assets, managing tight relations with state agents. It is further linked to other powerful monopolies in the public sector.

And it’s not only Israel’s oligarchs who have skewed Israeli’s political system … there is also the American oligarchs.”

Americans believe that Russia is a corrupt country where everyone from the president to regional governors to government officials are flourishing on bribes. Russia has developed corruption into a “fine art,” Americans and Europeans believe corruption in Russia is so widespread that when they imposed sanctions against Moscow following the annexation of Crimea, they also targeted “friends of Vladimir Putin” and rich oligarchs. Jerome said in a column published in The Baltimore Sun that the legislation and behavior of the U.S. political class would open your eyes that the claims against Russia are hypocritical. For instance, last year’s Cromnibus bill allows banks to undertake extremely risky investments. And if the banks suffer a huge loss, the American taxpayer gets the bill. Jerome says Congress has sold out the little guy to favor the K-Street lobbyists. CNN reported that at least 78 members of Congress have their family members as federally registered lobbyists. According to congressional watchdog Legistrom, these lobbyists have lobbied contracts worth over $2 billion. While corruption and bribery are prevalent in Russia, the U.S. specializes in “soft bribes.” It’s like you take care of the lawmakers’ families and they will take good care of you. These “pay-to-play” schemes make it hard to understand how American politicians are better than their Russian counterparts. Contrary to Russia, U.S. specializes in ‘soft bribes’

Reports filed with the Federal Election Commission (FEC) confirm that the US political system is completely dominated by the super-rich. The figures are so staggering, and so at odds with the conventional claims that the United States is a democracy.

According to the reports, groups that back 17 American presidential candidates have already brought in more than $250 million this year, with the lion’s share going toward former Florida Gov. Jeb Bush So far, the largest donor is Renaissance Technologies executive Robert Mercer, whose $11 million check went to one of the four super PACs backing Texas Sen. Ted Cruz. Meanwhile, roofing supply billionaire Diane Hendricks has donated $5 million toward Wisconsin Gov. Scott Walker’s super PAC, and auto dealer Norman Braman has donated $5 million toward Florida Sen. Marco Rubio, the reports show. Meanwhile, two super PACs for former Texas Gov. Rick Perry received more than $11 million from two Texas billionaires, and the super PAC that backs New Jersey Gov. Chris Christie has several billionaires backing it GOP candidates aren’t alone in attracting the money, however. Former Secretary of State Hillary Clinton has already received $7.5 billion from eight billionaires But it’s Bush’s Right to Rise committee that is really raking up the cash so far, raising $103 million in just the first six months of the year, including $17.4 million from some 20 billionaires Democracy 21 President Fred Wertheimer complained to The Wall Street Journal that such players are becoming too dominant. His watchdog group has filed complaints against Bush, claiming that he avoided campaign donation limits by starting his super PAC back in January while waiting to announce his campaign.

“Decrying the dangerous influence of oligarchs like the Koch brothers, George Soros, former New York City Mayor Michael Bloomberg and unions, Newt Gingrich said the Founding Fathers never intended for wealthy elites to wield the most power. I don’t think the Founding Fathers intended for the U.S. to be an oligarchy. You begin to have billionaires who get together, who think that they have somehow got the divine right to tell the country what the country ought to be, which is, I think, dangerous The former House Speaker said he was referring to the Koch brothers, who have pledged up to $900 million to conservative causes in the 2016 cycle, as well as unions, Democratic donors like Soros and Bloomberg, whom he accused of buying three elections. I think it’s dangerous to have the party and the candidates shrink and independent oligarchs rise he said. I just think it’s a very dangerous pattern.”

“In the United States, our findings indicate, the majority does not rule — at least not in the causal sense of actually determining policy outcomes.” “The clear finding is that the U.S. is an oligarchy, no democratic country, at all. American democracy is a sham, no matter how much it’s pumped by the oligarchs who run the country (and who control the nation’s ‘news’ media). “”The preferences of the average American appear to have only a minuscule, near-zero, statistically non-significant impact upon public policy.”;The preferences of the average American appear to have only a minuscule, near-zero, statistically non-significant impact upon public policy.”

Jimmy Carter says: The U.S. Is an “Oligarchy With Unlimited Political Bribery” has created “a complete subversion of our political system as a payoff to major contributors.” Former President Jimmy Carter called the current United States political system an oligarchy that benefits big-money campaign donors “ It violates the essence of what made America a great country in its political system. Now it’s just an oligarchy, with unlimited political bribery being the essence of getting the nominations for president or to elect the president. And the same thing applies to governors and U.S. senators and congress members. So now we’ve just seen a complete subversion of our political system as a payoff to major contributors, who want and expect and sometimes get favors for themselves after the election’s over. … The incumbents, Democrats and Republicans, look upon this unlimited money as a great benefit to themselves. Somebody’s who’s already in Congress has a lot more to sell to an avid contributor than somebody who’s just a challenger.“ “ Carter also expressed his opinion that, in the wake now of the two most extreme pro-aristocratic U.S. Supreme Court decisions ever (which are Citizens United in 2010, and McCutcheon in 2014), American democracy is really only past tense, not present tense at all — no longer a reality.; “

“Already, the major US ‘news’ media were owned and controlled by the aristocracy, and ‘freedom of the press’ was really just freedom of aristocrats to control the ‘news’ — to frame public issues in the ways the owners want. The media managers who are appointed by those owners select, in turn, the editors who, in their turn, hire only reporters who produce the propaganda that’s within the acceptable range for the owners, to be ‘the news’ as the public comes to know it.”

“All of the evidence suggests that though different aristocrats compete against each other for the biggest chunks of whatever the given nation has to offer, they all compete on the same side against the public, in order to lower the wages of their workers, and to lower the standards for consumers’ safety and welfare so as to increase their own profits (transfer their costs and investment-losses onto others); and, so, now, the U.S. is soaring again toward Gilded Age economic inequality,”

“As for today’s political incumbents: they now have their careers for as long as they want and are willing to do the biddings of their masters. And, then, they retire to become, themselves, new members of the aristocracy, such as the Clintons have done, and such as the Obamas will do.” Just 130 or so families and their businesses provided more than half the money raised through June by Republican candidates and their super PACs.” The Times study shows that the Republican Party is overwhelmingly advantaged by the recent unleashing of big-corporate money power. “Fewer than 400 families are responsible for almost half the money raised in the 2016 presidential campaign, a concentration of political donors that is unprecedented in the modern era,” the New York Times . Both the American Republican and Democratic parties rely on wealthy donors, the motives of all of these donors is a mix of altruism and self-interest, the managerial class that rules the world is divided into right- and left-wings that struggle over control of resources and status, What’s more troubling: That rich people are engaged in politics, or that the US media still isn’t telling us the whole story?

An American geopolitical commentator says “Jewish oligarchs” are so powerful in the United States that can override President Barack Obama’s veto of any congressional opposition to the Iran nuclear agreement.

The only way to purge the oligarchs from politics is to purge the oligarchs.

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One thought on “Oligarchs

  1. Pingback: The false proxy wars by the US, Saudi Arabia, Israel, against Assad | Putin the Hero

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