One of the great dangers for the modern oligarchy was the attempted political campaign by Bernie Sanders. Not since the massive economic and social changes led by our late, great President, Franklin Delano Roosevelt and exemplified by his “I welcome their hatred” Madison Garden speech, has the oligarchy had a serious* opponent**. Fortunately for the oligarchy, great numbers of the most oppressed, such as the unemployed, and the working poor, and most minorities, vote in smaller numbers than those who have the most vested interest in protecting the oligarchy – the oligarchs themselves, those oligarchy underlings gaining most benefit from the inequality, and other workers who do not benefit to a large extent but are fearful of the necessary change that occurs because of political and economic revolution.
This is the greatest danger of Ms. Clinton’s apparent victory – the sense by those who should know better that her victory will lead to the easing of inequality, and that the war economy, generally greatly revered by the oligarchy, will somehow be vanquished. Ms. Clinton is probably not a bad person and means to do good, but like some very smart people, is unable to draw correlations that work well both in foreign policy and inadequate domestic policy.
The political revolution that Ms. Clinton and her ilk scoff at is the only way to get the oligarchy’s attention. Acting with great timidity, eager to compromise even when destroying the best interests of the masses, and acting with “pragmatic realism” does not put the fear in the oligarchy of having their grip loosened.
What makes the current world situation a great peril for humanity is also twofold – the human abuse of the environment is at critical mass and the interaction of just three or four world economies, performing on a current scale, makes economic prediction primitive. The world monopoly run by the puppet masters (oligarchy) is too complicated and too interconnected for quality output from existing economic models. The one thing we can be sure of is the phrase “benevolent despot” has no basis in reality (and actually never did) but even less so today. Oligarchy, after all, has the power and not necessarily the brains.
“An additional problem arises from the fact that regulating patrimonial capitalism in the twenty-first century requires new tools and new forms of international cooperation. The United States alone represents nearly a quarter of world GDP. The country is big enough to take action—especially to transform its flat tax on real estate (which dates to the nineteenth century, like similar taxes in Europe, such as France’s taxe foncière) into an annual progressive tax on individual net worth (which takes debts and financial assets into account). That would improve the situation for first-time homebuyers while reducing concentration at the top. The United States has also shown itself capable of staring down the Swiss banks to obtain the automatic transmission of information on its nationals’ financial assets.”
“According to the rankings published since 1987 by Forbes, the biggest fortunes grew at an average rate of 6–7 percent per year between 1987 and 2013, versus barely 2 percent for average wealth worldwide. The risk of a drift toward oligarchy exists on every continent.”
“In China, so far the authorities have opted to deal with the problem case by case, as in Russia: oligarchs are tolerated so long as they’re docile toward the regime, and they’re expropriated when they threaten political elites or when it looks like the public’s tolerance is reaching its limit. But it seems as if the Chinese authorities are starting to realize the limits of such an approach, and debates on creating a property tax are already underway. The country’s size (soon almost a quarter of world GDP) and its high degree of centralization (much greater than in the United States) would allow it to act effectively if necessary.” http://www.salon.com/2016/04/23/americas_frightening_oligarchy_thomas_piketty_on_our_widening_inequality_and_the_right_wing_billionaires_who_profit_from_it/
*Serious like determined.