Commentary By Ron Beasley
So please enjoy the bread and circuses of the election which the Central State is holding for your entertainment in the Coliseum. No expense has been spared.
In his post below Steve is basically asking - should we bother to vote? The quote above is the last paragraph in Charles Hugh Smith's post at Zero Hedge, Concentrated Wealth and the Purchase of Political Power: Democracy's Death Spiral.
In the U.S., the ever-greater concentrations of wealth gathered by an ascendant Financial Power Elite has entered a positive feedback loop with the costs of gaining or retaining political power. The costs of winning an election have skyrocketed to the point that fundraising is the key function of any politico who is not independently extremely wealthy.
This quantum leap up in the costs of gaining or retaining power has forced politicos to curry the favors of those few Elite groups which can give them millions of dollars.
Just as in an arms race, the amounts of money which can be spent on campaigns is essentially unlimited. The explosion of media now requires multi-million dollar campaigns on multiple fronts: broadcast TV, cable TV, mailed flyers, radio spots, promotion campaigns to influence the mainstream media coverage, adverts on the Web and social media campaigns--the list grows longer every year.
Here is the positive feedback loop. Candidate A gains the backing of a Power Elite group (a political action committee or other front) and collects $5 million. As a result of a media blitz, he/she wins.
Between elections, he/she amasses a "war chest" of $5 million from the same donors, guaranteeing that the final cost of the next election will be $10 million.
Potential rivals understand that victory against this well-funded incumbent, no matter how incompetent, will require $15 million. The only sources of that amount of cash are other Financial Power Elites and State-funded fiefdoms like teachers unions, and so each candidate sells their soul to the few "special interests" with deep enough pockets to harvest and contribute millions of dollars.
As you can see it's no coincidence that as more and more of the wealth has become concentrated at the top the cost of running for political office has increased. This in turn creates more and more power for the wealthy few - good bye Democracy. In retrospect I think that Clinton and the corporatist DLC saw this coming and recognized that the labor movement in the US had all but been destroyed by Ronald Reagan. The democrats too were going to need the oligarchs money.
In the comments in Steve's post below Cheryl Rofer points out that her ballot has two choices. That's correct but I would point out about the only thing we are choosing is what color shirt our corporatist law maker will ware.
The good news is that oligarchies are not sustainable and eventually collapse. Batista's Cuba was an oligarchy and it fell victim to Castro's revolution. When it fell the old Soviet Union was less a Marxist state than an oligarchy which collapsed because of it's own dead weight.
What I don't get is the argument that if you believe yourself to be powerless, then you should give up any power you may have.
ReplyDeleteSeems to me that doing something is better than doing nothing. It's the rich that believe they can "go Galt." They hope that the rest of us will do just that.
If the right wing wins and implements the nightmare scenario, this country will become a corrupt crumbling power ruled by an oligarchy. A revolution may happen then but it will only replace the right wing oligarchy with another one likely to be just as bad or worse. Democracy is a habit. When it is unlearned, no "revolution" will re institute it.
ReplyDeleteSitting on the sidelines of politics isn't really an option.
Cheryl, no-ones advocating "giving up any power you may have". What's being advocated is stopping handing that power to corporate-funded Democratic Whigs who will never-ever-ever give us more than a small fraction of what we want (and even then will twist it so the money ends up in corporate pockets). What's being advocated is then spending the time and energy - and votes, Cheryl - to build a proper movement that will support the working class. It took the UK From the 1900s to 1950s to build a proper movement for the workers, and then they forgot to keep it fresh and the oligarchs took it over again (Blairism). For all that time, the Whigs trotted out the same reasons we hear from the Dems now as to why people should continue to vote for them against the Conservatives.
ReplyDeleteLoren, if the right wing wins they'll have two to four years and then it will change over again - while they'll do some damage it won't be the End Times, just hard times (to borrow from today's rally). Remember the apocalyptic talk about Bush/Cheney? It didn't happen, we had elections, Dems won. The apocalyptic talk is bullshit. The oligarchy already rules and is just fine with the status quo of switching between the two main parties every so often so as to keep us poor rubes befuddled.
Regards, Steve
Don't confuse the symptoms with the disease. Concentrated power is the real problem. The flow of wealth to D.C. is a result of the centralization of power. The big-government Left is leading the effort to centralize power in Washington, but the establishment Right is not far behind.
ReplyDelete