Fascinating comments about Fox News just now from Fox CO Lachlan Murdoch: “We believe that where we are targeted, to the center-right, is where we should be targeted. We don’t believe we should go further right… and absolutely we won’t go to the left.”— Alex Weprin (@alexweprin) February 9, 2021
this story is a really good picture of the culture of entitlement among political donors and the spoils system through which American presidents choose many of our representatives overseashttps://t.co/XPwmXBtytc— Alex Burns (@alexburnsNYT) February 12, 2021
There is only so far that Tucker Carlson can go on his show.
He can’t come out and openly endorse Universal Maximum Income, a cap on wealth in the $50 million range, the redistribution of wealth from billionaires, the destruction of the oligarchy and the breakup of monopolies with antitrust laws. We can start pushing this idea though.
“Societies are systems and they tend to change in a somewhat predictable way,” Turchin told the Observer. “We are on the verge of state breakdown where the centre loses hold of society.”
In the US, he points out, there are two political chief executives, each commanding his own elite cadre, with nothing yet being done at a deep structural level to improve circumstances. “We’ve seen growing immiseration for 30 to 40 years: rising levels of state debt, declining median wages and declining life expectancies. But the most important aspect is elite overproduction” – by which he means that not just capital owners but high professionals – lawyers, media professionals and entertainment figures – have become insulated from wider society. It is not just the 1% who are in this privileged sector, but the 5% or 10% or even 20% – the so-called “dream hoarders” – they vie for a fixed number of positions and to translate wealth into political position.
“The elites had a great run for a while but their numbers become too great. The situation becomes so extreme they start undermining social norms and [there is] a breakdown of institutions. Who gets ahead is no longer the most capable, but [the one] who is willing to play dirtier.” …”
Just by observing the PMCs on television and reading what they have to say in the media, thinking about the parallels between this moment in American history and the Gilded Age and especially after watching Michael Bloomberg buy his way into the Democratic debates and blow through over a billion dollars on his vanity presidential campaign, I was gradually persuaded to see elite infighting in these terms.