Politics Is Dead, Here's What Killed It

Article author: 
Charles Hugh Smith
Article publisher: 
Of two Minds
Article date: 
18 January 2022
Article category: 
Our American Future
Medium
Article Body: 
Representational democracy--a.k.a. politics as a solution to social and economic problems--has passed away. It did not die a natural death. Politics developed a cancer very early in life (circa the early 1800s), caused by wealth outweighing public opinion. This cancer spread slowly but metastasized in the past few decades, spreading to every nook and cranny of our society and economy as "democracy" devolved into an invitation-only auction of elections and political favors.
 
Politics might have had a fighting chance but three forces betrayed the nation and its citizenry.
 
1. The Federal Reserve transferred trillions of dollars of unearned wealth into the feeding troughs of the super-wealthy and corporations, vastly increasing the wealth the top 0.01% had to buy elections and favors. The Federal Reserve cloaked its treachery with jargon-- quantitative easing, stimulus, etc.--and then stabbed the nation's representational democracy in the back.
 
2. The Supreme Court betrayed the nation's representative democracy by labeling corporations buying elections and political favors a form of "free speech." (Please don't hurt yourself laughing too hard.) The Supreme Court's equating wealth buying elections and favors with individual citizens' sacrosanct right of free speech was a knife in the back of the nation and its citizenry.
 
3. The two political parties betrayed their traditional voter bases to kneel at the altar of corporate / elite wealth, wealth which bought elections and political favors. The Democrats, traditional champions of the workforce in the 20th century, abandoned workers in favor of serving their corporate masters, masking their betrayal with fine-sounding phrases.
 
The Republican Party, traditionally promoters of Big Business (Wall Street, banks, mega-corporations), had maintained a narrow but crucial interest in trust-busting (limiting monopolies) to defend free enterprise and small business from the predations of monopolies and cartels. Those days are long past; just as the Democratic Party tossed the working class overboard to the sharks, the Republican Party walked small business off the gangplank right into the voracious jaws of cartels and globalized, financialized corporate sharks....