Comment Re:How dare you talk down about Reagan like that! (Score 5, Insightful) 160
The US, post-Soviet Russia and post-Communist China are all following the same path to rule by oligarchy. The differences in how control is concentrated are not important to the continuing concentration of power in each system. In Russia, the economic oligarchs are only allowed to slavishly support Putan, or they are jailed or exiled and their wealth stripped. In China the oligarchs are either Party members themselves or the families of Party members. The rest of the rich know that they must participate in the endemic corruption. They were only allowed to succeed because they embraced corruption from the beginning.
In the US the oligarchs have, for the most part, taken over the government and the country is run for their benefit. Examples are too numerous to mention, but I'll highlight a few.
The 2008 market crash. The reason it was so horrific in the first place was that the Bush administration effectively suspended all regulation of Wall Street and Alan Greenspan got to fulfill his Libertarian fantasy. The result, unsurprisingly, was an epic failure. Lack of effective oversight is the wet dream of every oligarch. That's why they love secret unlimited secret campaign contributions, another gift to oligarchs the from the politicians and judges they own.
The bailout from the crash was another astonishing transfer of wealth to the ultra rich. Instead of calling Wall Street to task and making those responsible pay up, the oligarchs were rewarded instead. Many of them are have far more now then they did before 2008, and everyone else is worse off. The new stock market highs are the proof of that. Meanwhile, the job recovery is still lagging, and the jobs that are being generated pay significantly lower then before the crash. This is a mass transfer of assets from the general population to the rich. Again there is no other rational explanation.
An earlier example is Medicare Part D, brought to your pocketbook by Big Pharma and Billy Tauzin,
Two months before resigning as chair of the committee which oversees the drug industry, Tauzin had played a key role in shepherding through Congress the Medicare Prescription Drug Bill. Democrats said that the bill was "a give-away to the drugmakers" because it prohibited the government from negotiating lower drug prices and bans the importation of identical, cheaper, drugs from Canada and elsewhere. The Veterans Affairs agency, which can negotiate drug prices, pays much less than Medicare. Public Citizen called Tauzin's hiring "yet another example of how public service is leading to private riches." Public Citizen President Joan Claybrook said, "a member of Congress who pushed through a major piece of legislation benefiting the drug industry gets the job leading that industry."
The bill was passed in an unusual congressional session at 3 a.m. under heavy pressure from the drug companies. Walter B. Jones (R-NC) said, "The pharmaceutical lobbyists wrote the bill." The drug lobby invested more than $10 million in campaign contributions during the last election and has been a source of lucrative employment opportunities for congressmen when they leave office, said Jones.
Tauzin received $11.6 million from PhRMA in 2010, making him the highest-paid health-law lobbyist.
I'll even make a prediction: when the FCC announces what they will call "Net Neutrality" rules, it will be the end of the internet as an open platform. It will become just as closed, structured and overpriced as the current cable industry. Just like Wall Street and Big Pharma, the cable/telco oligarchs want their non-competitive guaranteed profit margins. And since they have paid for the privilege they'll get it. You have no say in the matter.
So remember, if you like loosing your economic well being and personal liberty in a corrupt surveillance state, it all started with your hero, Ronald Reagan.