Billionaires won’t give up on corporate rule. The angry masses embrace fascist demagogues. This won’t end well
Scales with dollars and skull with US flag (Getty Images/bestdesigns)
This article originally appeared at ScheerPost. Used by permission.
The persecuted and the abandoned, now in the tens of millions, know the future. For them, the future has already arrived. Julian Assange, the most important publisher of our generation, whose extradition to the U.S. was approved last Friday by British Home Secretary Priti Patel, is an example of what will befall all publishers and journalists that expose the inner workings of power. His imprisonment for revealing the war crimes, mendacity, cynicism and corruption of the ruling class, including the Democratic Party, heralds a new era. Investigations into the centers of power, the life blood of journalism, will be a criminal offense.
It does not matter that Assange, who suffered a stroke and is in poor physical and psychological health, is not a U.S. citizen or that WikiLeaks is not a U.S.-based publication. It does not matter that all of Assange’s meetings with his attorneys were recorded by UC Global, the Spanish security firm at the Ecuadorian embassy where Assange lived for seven years, and turned over to the U.S., obliterating attorney-client privilege. The campaign against Assange, and I have sat in on hearings in London, is a Dickensian farce, the persecution of an innocent and heroic man, far more reminiscent of the Lubyanka than the best of British jurisprudence. He is being used to send a message: If you expose what we do we will destroy you.
The decision to raise interest rates by three-quarters of a percentage point, with new rate hikes on the way, will further depress wages, which have stagnated for decades, increase unemployment and personal debt and make food and other basic necessities more expensive. Raising interest rates usually induces a recession. But the oligarchs are more than willing to extract blood from the working class. Inflation reduces investment returns. It disrupts leveraged financial strategies.
The Fed’s decision to raise interest rates will depress wages, increase unemployment and make basic necessities more expensive. The oligarchs are more than willing to extract blood from the working class.
Antitrust laws and breaking up monopolies would ease the strain of inflation and lower prices. Rationing would break inflation. So would a wage-price freeze. Nationalization, reversing the capture of public utilities, the health care system, banking and other services by corporations, would also blunt price rises. But the billionaire class is not about to impose measures that diminish their profits. They will keep their monopolies. They will keep their grip on what were once public assets. The message from the billionaire class is this: The economy is run for our benefit, not yours.
The U.S., struggling with societal breakdown and an ailing economy, sees its military as the only mechanism left to destroy global competitors, especially Russia and China. Russia, hemmed in by an expanding NATO in Central and Eastern Europe, and China, harassed by a succession of carrier groups in the South China Sea, which Washington has called a “national interest,” have been united as U.S. adversaries. China sees the waterways of Asia and the Pacific as part of its sphere of influence, as Russia sees Ukraine and other neighboring states. The aggressive military posturing of the U.S. on the borders of China and Russia has provoked an unnecessary cold war, one many Washington policy makers nonchalantly expect may evolve into a hot war amongst nuclear armed nations that would potentially obliterate life on the planet.
There is an intensifying scramble for control, with Russia’s invasion of Ukraine and China’s building of air bases from Japan to Australia along the Asian littoral, giving it the ability to attack warships, including aircraft carriers, in the western Pacific. The refusal of the U.S. to accommodate itself to a multipolar world and to stop chasing the chimera of unrivaled global hegemony has seen Russia and China solidify an alliance that cold warriors worked hard to prevent. The hostilities, a self-fulfilling prophecy by U.S. warmongers, delight the Washington establishment whose goal is to perpetuate endless war.
You know you are in trouble when Henry Kissinger, who has called for Ukraine to cede territory to Russia and open negotiations with Moscow “in the next two months before it creates upheavals and tensions that will not be easily overcome,” is a voice of sanity.
You know you’re in trouble when Henry Kissinger is a voice of reason. As Orwell wrote, “The war is not meant to be won, it is meant to be continuous.”
“The war is not meant to be won, it is meant to be continuous,” George Orwell writes in “1984.” “Hierarchical society is only possible on the basis of poverty and ignorance. This new version is the past and no different past can ever have existed. In principle the war effort is always planned to keep society on the brink of starvation. The war is waged by the ruling group against its own subjects and its object is not the victory over either Eurasia or East Asia, but to keep the very structure of society intact.”
The 140 million people across the globe suffering from acute hunger, a result of the pandemic, the climate crisis and the war in Ukraine, know the future, along with the families of the 15 million people who died from the pandemic, hundreds of thousands of whom with proper prevention and medical care could have been saved. The refugees fleeing failed states and climate disasters — there could be 1.2 billion climate refugees by 2050 — in the global south know the future.
The message imparted to the poor, the vulnerable, the sick and the weak is this: Your lives and the lives of your children do not matter.
The oligarchs in the Democratic Party and the establishment wing of the Republican Party are aware they are in political trouble. Is it due to Russian meddling? Is it due to Donald Trump and his proto-fascist minions? Is it caused by journalists and publishers like Assange who give them a bad name? Is it a failure of messaging? Is it a lack of rigorous censorship of the far-right and leftist critics?
Perhaps the expected Supreme Court ruling that will overturn Roe v. Wade will work in their favor. Perhaps the televised hearings on the Jan. 6 assault on the Capitol, an extended campaign commercial, will convince voters to support them. Perhaps the promise of more stringent gun laws will excite the electorate.
What can we expect from a party leadership that believed Michael Bloomberg, who has switched allegiance between the Democratic and Republican parties several times, would save them from progressives such as Bernie Sanders? What can we expect from a party leadership that anointed Joe Biden, who spent his political career dispossessing working men and women, building the world’s largest prison system, militarizing police, destroying the welfare system and funding military fiascos in the Middle East, as president?
The Biden administration is defined by failed expectations, from its stymied Build Back Better Plan to its refusal to raise the minimum wage. It is running on fumes, using gimmicks, empty rhetoric, spectacle and fear to intimidate the electorate.
The billionaire class, or at least many of them, would prefer to loot and pillage under the cover of the old political decorum and rhetoric. They like the fiction of paying homage to an emasculated democracy. It gives them the veneer of respectability.
But this is not to be. The rage of the betrayed is articulated by imbecilic demagogues vomited up from the social and political swamp. Corporations and the billionaire class will continue to exploit, but under a cruder and crueler authoritarianism. The social, political, economic and environmental breakdown will accelerate. Reality, increasingly unpalatable, will cease to exist in public discourse. It will be replaced by millenarian cults, such as the Christian fascists, and bizarre conspiracy theories, a retreat into magical thinking where evil is embodied in demonized individuals and groups that must be eradicated. Truth and lies will be indistinguishable. The vulnerable will be cast aside, blamed for their own misery, as well as ours. Those who resist will be criminals. Mass death will sweep across the planet. This is the world our children will inherit unless those who control us are wrenched from power.
Read more from Chris Hedges on war, peace and the future:
By CHRIS HEDGES