The drift toward oligarchy

Maybe “drift” is the wrong word. For some absurd reason, a swarm of pump truppets elected a bloviating billionaire (or so he says) to run the country because they saw him as a man of the people.

And this Mann des Volkes is building a cabinet containing at least two legitimate billionaires, one to run the Education Department  …

President-elect Donald Trump announced Wednesday that he would nominate Betsy DeVos, a billionaire philanthropist with deep ties to the Christian Reformed community in Michigan, as his education secretary. …

The DeVos family, heirs to the Amway Corp. fortune, are prolific donors in Michigan Republican and religious circles.

And one for the Commerce Department

Wilbur Ross, the billionaire investor considered the “king of bankruptcy” for buying beaten-down companies with the potential to deliver profits, is expected to be President-elect Donald Trump’s choice for commerce secretary, two officials with knowledge of the decision said….

Ross built his fortune buying the distressed companies that were once at the heart of American industry — steel mills, coal mines and textile factories, to name a few — and then selling them in short order, making billions of dollars along the way.

Perhaps his signature investment was the purchase of some of the nation’s largest steel mills in the early 2000s, including Cleveland-based LTV Corp. and Pennsylvania’s Bethlehem Steel. The move was credited with saving manufacturing jobs, with the United Steelworkers calling Ross “a new ally” in news reports at the time.

Since then, however, many steel mills have shut down amid a glut of foreign production, much of it in China. Ross sold his steel conglomerate to what is now ArcelorMittal in 2004 for about $4.5 billion.

So, one person’s fortune is inherited (see video above) and the other person’s billions comes from selling American steel mills to foreigners. Interesting selections. And the sunscreen slathered masses who put the Lügenkürbis in office don’t remember that the previous GOP president sank the country into a clogged feces filled toilet and that their latest choice is going to have us drowning in an even more putrid septic tank.

The muddled masses have ceded responsibility and handed the nation over to the oligarchy. Democracy was nice while it lasted.

(If you’re interested in the book “Capital in the 21st Century,” click here for an excerpt.


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