Fight Oligarchy: Where We Go from Here. By Bernie Sanders. Penguin £9.99.
Oligarchy, the opening sentence states, ‘is a system in which a small number of extremely wealthy individuals control the economic, political, and media life of a nation.’ Plenty of examples are given of inequality of wealth. For instance, Elon Musk is worth nearly $400 billion, more than the bottom half of US households. In Mexico, Carlos Slim is worth over $96 billion, while the Sultan of Brunei has wealth of $30 billion and owns 600 Rolls Royces.
Nor is it just a matter of individuals. Three Wall Street firms, Vanguard, BlackRock and State Street, are major shareholders in nearly all the largest American corporations, including Ford, ExxonMobil and Pfizer. Media ownership is extremely concentrated too: ‘Billionaires own and control virtually every major newspaper and radio network in the country.’ Moreover, there is massive oligarchic influence on politics, with gigantic donations and threats to run candidates against politicians who are the least bit awkward. Super PACs (Political Action Committees) can spend millions of dollars to defeat, for instance, members of Congress who oppose US aid to the Israeli government. The Democratic Party offers little resistance to Trump and the oligarchs, having supposedly ‘turned its back on the needs and suffering of America’s working class’ (but when did it ever support the interests of workers?).
At the same time, American workers are on average less well off than fifty years ago, adjusting for inflation. Eight hundred thousand people in the US are homeless, and over sixty thousand die each year because they cannot get to a doctor on time. Suicide rates have increased, especially among young people.
Sanders, an independent senator who has been involved with the Democrats, presents a vivid and harrowing picture of inequality and poverty in the US. He has been on a Fighting Oligarchy tour around various states, talking to audiences about what can and should be done to fight back. What he advocates is, however, the usual reformist fare: raise taxes on the rich and on large corporations, cut military spending, enact Medicare for all, make housing affordable, raise the minimum wage, improve pensions. But, even if made a reality (which is unlikely, given capitalism’s need for profits), this would leave the class division of society unchanged, with workers still subject to the unpredictability of markets and being exploited by their employers. A discussion of Sanders’ views in the April 2017 Socialist Standard noted that the so-called revolution he stood for then ‘leaves capitalism firmly in place’ . Clearly nothing in his views has changed since that time. The book is also quite expensive for such a slim volume.
Paul Bennett
No comments:
Post a Comment