In this special post-Inauguration interview, Dr Richard Wolff explains how the naked oligarchy on display in Trump's inauguration and in his administration is not a contradiction, but a clear sign of a society hastening its own collapse under the weight of historic, unsustainable levels of inequality.
Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Saturday, 1 February 2025
Trump's Billionaires Will Accelerate American Decline. Dr Richard Wolff Explains How
Jan 28, 2025 | On the campaign trail and beyond, Donald Trump and MAGA right have repeatedly presented themselves as the true representatives of America's beleaguered working class. And yet, like the Capitol rotunda on Inauguration Day, Trump's administration is filled with billionaires, mega-millionaires, and corporate oligarchs whose staggering wealth is increasing year after year while working people struggle to get by. How are people, voters and non-voters alike, supposed to square this seeming contradiction?
In this special post-Inauguration interview, Dr Richard Wolff explains how the naked oligarchy on display in Trump's inauguration and in his administration is not a contradiction, but a clear sign of a society hastening its own collapse under the weight of historic, unsustainable levels of inequality.
In this special post-Inauguration interview, Dr Richard Wolff explains how the naked oligarchy on display in Trump's inauguration and in his administration is not a contradiction, but a clear sign of a society hastening its own collapse under the weight of historic, unsustainable levels of inequality.