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The Oligarchy

Jason Stanley offered this explanation for what’s happening to us and it’s been around for a couple of millenia:

For 2,300 years, at least since Plato’s Republic, philosophers have known how demagogues and aspiring tyrants win democratic elections. The process is straightforward, and we have now just watched it play out.

In a democracy, anyone is free to run for office, including people who are thoroughly unsuitable to lead or preside over the institutions of government. One telltale sign of unsuitability is a willingness to lie with abandon, specifically by representing oneself as a defender against the people’s perceived enemies, both external and internal. Plato regarded ordinary people as being easily controlled by their emotions, and thus susceptible to such messaging – an argument that forms the true foundation of democratic political philosophy (as I have argued in previous work).

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In my own work, I have tried to describe, in minute detail, why and how people who feel slighted (materially or socially) come to accept pathologies – racism, homophobia, misogyny, ethnic nationalism, and religious bigotry – which, under conditions of greater equality, they would reject.

And it is precisely those material conditions for a healthy, stable democracy that the United States lacks today. If anything, America has come to be singularly defined by its massive wealth inequality, a phenomenon that cannot but undermine social cohesion and breed resentment. With 2,300 years of democratic political philosophy suggesting that democracy is not sustainable under such conditions, no one should be surprised by the outcome of the 2024 election.

But why, one might ask, has this not already happened in the US? The main reason is that there had been an unspoken agreement among politicians not to engage in such an extraordinarily divisive and violent form of politics. Recall the 2008 election. John McCain, the Republican, could have appealed to racist stereotypes or conspiracy theories about Barack Obama’s birth, but he refused to take this path, famously correcting one of his own supporters when she suggested that the Democratic candidate was a foreign-born “Arab.” McCain lost, but he is remembered as an American statesperson of unimpeachable integrity.

Of course, American politicians regularly appeal more subtly to racism and homophobia to win elections; it is, after all, a successful strategy. But the tacit agreement not to conduct such a politics explicitly – what the political theorist Tali Mendelberg calls the norm of equality – ruled out appealing too openly to racism. Instead, it had to be done through hidden messages, dog whistles, and stereotypes (such as by talking about “laziness and crime in the inner city”).

But under conditions of deep inequality, this coded brand of politics eventually becomes less effective than the explicit kind. What Trump has done since 2016 is throw out the old tacit agreement, labeling immigrants as vermin and his political opponents as “the enemies within.” Such an explicit “us versus them” politics, as philosophers have always known, can be highly effective.

Democratic political philosophy, then, has been correct in its analysis of the Trump phenomenon. Tragically, it also offers a clear prediction of what will come next. According to Plato, the kind of person who campaigns this way will rule as a tyrant.

He concludes that our run as a democracy is over and there will no longer be free and fair elections.

That is certainly possible. But the one thing we have going for us (and against us) is that Trump is a monumental moron and many of the people around him atre nothing more than petty grifters and star fuckers. Even his pet oligarchs are weird and drug addled. Maybe that’s typical of tyrannnies but this is a big complicated country. It may just be beyond their ability to pull this off.

The Oligarchs are already doing well:

Wednesday wasn’t just a good day for Donald Trump. The wealth of the world’s 10 richest people also soared by a record amount, according to Bloomberg’s Billionaire Index.

The biggest gainer was Elon Musk, the world’s richest person and one of Trump’s most outspoken and dedicated supporters, whose wealth jumped $26.5 billion to $290 billion Wednesday, according to Bloomberg. Amazon founder Jeff Bezos’ wealth grew $7.1 billion a week after defending his decision to withhold the Washington Post’s endorsement of Vice President Kamala Harris. Oracle cofounder Larry Ellison, another Trump supporter, saw his net worth rose $5.5 billion Wednesday.

Other gainers include former Microsoft executives Bill Gates and Steve Ballmer, former Google executives Larry Page and Sergey Brin and Berkshire Hathaway CEO Warren Buffett. Although none of those billionaires endorsed a candidate this year, they have spoken in favor of Democratic candidates and causes in the past.

Collectively, the top 10 richest people gained $64 billion.

Bloomberg notes it’s the “biggest daily increase” of wealth it’s seen since the index began in 2012,. The market rallied Wednesday as the election concluded swiftly and with expectations that Trump will usher in a new era of deregulation and other pro-business laws and policies investors believe could benefit the stock market overall — especially billionaires who hold much of the world’s wealth.

The Billionaire Boys Club is very happy indeed. They simply cannot ever have enough money.

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