Salon.com > Plutocracy

When plutocrats bullied voters

Fri, 19 Oct 2012 21:23:00 +0000

The new Gilded Age is roaring down on us – an uncaged tiger on a rampage. Walk out to the street in front of our office here in Manhattan, look to the right and you can see the symbol of it: a fancy new skyscraper going up two blocks away. When finished, this high rise among high rises will tower a thousand feet, the tallest residential building in the city.

The New York Times has dubbed it "the global billionaires’ club" -- and for good reason. At least of two of the apartments are under contract for more than 90 million dollars each. Others, more modest, range in price from 45 million dollars to more than 50 million dollars. The mega-rich have been buying these places “looking for a place to stash their cash,” a realtor from Sotheby’s explained to the Times. “A lot of what is happening,” she said, “… is about wealth preservation.”

Simultaneously, the powers-that-be have just awarded Donald Trump the right to run a golf course in the Bronx that axpayers are spending at least $97 million to build -- what “amounts to a public subsidy,” says the indignant city comptroller, "for a luxury golf course." Good grief – a handout to the plutocrat's plutocrat.

Plutocrat bosses to employees: Vote Romney or else

Wed, 17 Oct 2012 16:49:00 +0000

It’s quickly becoming the story of the election season. Every day there’s a new report of bosses putting pressure on employees to vote for Mitt Romney or very bad things will happen. The threats range from job loss to wage cuts, and the Gilded Age-style strong-arming shows no signs of slowing.

Most recently, we’ve learned that Arthur Allen, CEO of ASG Software Solutions, sent an email to workers with the following subject line: “Will the US Presidential election directly impact your future jobs at ASG? Please read below.”

David Siegel, the billionaire founder of Westgate Resorts, has been playing the worker intimidation game. So have the Koch brothers, sending anti-Obama voter materials to 45,000 employees of their Georgia Pacific subsidiary (thanks to AlterNet's Adele Stan for bringing us that story). In Michigan, the president of Lacks Enterprises warned his company's 2,300 employees that their paychecks will shrink if Obama is re-elected.

Has America become an oligarchy?

Thu, 20 Sep 2012 21:11:00 +0000

All power corrupts but some must govern. -- John le Carré

The ritual performance of the legend of democracy in the autumn of 2012 promises the conspicuous consumption of $5.8 billion, enough money, thank God, to prove that our flag is still there. Forbidden the use of words apt to depress a Q Score or disturb a Gallup poll, the candidates stand as product placements meant to be seen instead of heard, their quality to be inferred from the cost of their manufacture. The sponsors of the event, generous to a fault but careful to remain anonymous, dress it up with the bursting in air of star-spangled photo ops, abundant assortments of multiflavored sound bites, and the candidates so well-contrived that they can be played for jokes, presented as game-show contestants, or posed as noble knights-at-arms setting forth on vision quests, enduring the trials by klieg light, until on election night they come to judgment before the throne of cameras by whom and for whom they were produced.