Democracy? Plutocracy!

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Democracy, the rule of the people, has become an empty word. Plutocracy, the rule of the rich, describes better the predominant system. What is to be done?

Liberty, equality, fraternity... where?

Wealth, safety, progress... for whom?

Elections and markets are free in theory but in practice bend to financial elites managing immense concentrations of money. Buying power for themselves and pressure for their competitors, plutocrats rule top-down politics while controlling top-down capital on a global scale.

What can you do?

Use your political power in your communities, where the rule of the people can still prevail.

Identify the plutocrats that you are supporting with your capital. Don't work for them. Don't buy from them. Don't borrow their money. Don't entrust your resources to them.

Instead, support bottom-up organizations: volunteers, cooperatives, and other businesses run by producers directly. Become part of them.

Sometimes the boycott to plutocracy will not be possible. Identify these problems and support projects working on solutions.

Buying power

Democratic states are controlled by political elites that win elections and keep their status thanks to the support of economic elites. Controlling the public administration, it is easy to pay back with direct business and favorable regulations.

The first mistake is to delegate the power to a few, easily targeted by the plutocrats. Barriers to transparency and participation will follow, together with the use of media, judges, and police. This is the portrait of democracy today.

On the other hand, anybody opposing plutocracy efficiently will face all the pressure money can buy. Bottom-up networks staying true to the Spiral principle have more chances of ignoring or resisting such opposition.

The evolution of capitalism

Capitalism wanted to appear benevolent, natural, and eternal. However, in its current incarnation as a global plutocracy it is cruel, unsustainable, and it will crash. Even if it keeps distracting many people from the wars, oppression and poverty it causes, it cannot trick the balance and limitations of nature.

This minority driving global corporations, banks, and private lobbies have become immensely powerful by mastering elements of capitalism like concentration of capital, speculation, globalization, and political influence. Producing money with money, the overlords of the financial economy have taken over the productive economy that characterized traditional capitalism. Money is the plutocrats' clothes.

The traditional system to enable production and commerce has evolved into a financial cloud that devours everything and extracts income from anywhere. Individual responsibility has been diluted, obfuscated, and exempted by law. While some people get immensely richer they are never accountable of losses. Their mistakes and maneuvers are paid by the society at large thanks to a political framework that they have sponsored.

Privatizing revenues and socializing losses: this is how politicians ruling democratic states serve the plutocrats at the expense of the citizens they represent. Through corruption and cronyism, a globalized elite holds the reins regardless of bankruptcies and elections. They control public and private finances, media and armies. Their concentration of power keeps growing.

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