This sets out why the US election this year is so important.
It also explains why climate action has been deferred, deferred and deferred some more.
open.substack.com/pub/robertreich/p/the-american-oligarchy-why-is-american
As more and more wealth concentrates at the top, the moneyed interests fear that majorities will take it away through higher taxes, stricter regulations (on everything from trade to climate change), enforcement of anti-monopoly laws, pro-union initiatives, and price controls.
So they’re sinking ever more of their wealth into anti-democracy candidates, like Donald Trump and his lap dogs.
Trump is going full fascist these days and gaining the backing of prominent billionaires. While Trump’s base is making small contributions, the big money is coming from some of the richest people in the U.S.
Multiple billionaires have donated to the Trump-aligned Make America Great Again, Inc. super PAC…
