Showing posts with label oligarchs. Show all posts
Showing posts with label oligarchs. Show all posts

Thursday, January 16, 2025

Biden bids farewell with dark warning for America: the oligarchs are coming; The Guardian, January 15, 2025

  in Washington , The Guardian; Biden bids farewell with dark warning for America: the oligarchs are coming

"The primetime speech did not mention Donald Trump by name. Instead it will be remembered for its dark, ominous warning about something wider and deeper of which Trump is a symptom.

“Today, an oligarchy is taking shape in America of extreme wealth, power, and influence that literally threatens our entire democracy, our basic rights and freedom and a fair shot for everyone to get ahead,” Biden said.

The word “oligarchy” comes from the Greek words meaning rule (arche) by the few (oligos). Some have argued that the dominant political divide in America is no longer between left and right, but between democracy and oligarchy, as power becomes concentrated in the hands of a few. The wealthiest 1% of Americans now has more wealth than the bottom 90% combined.

The trend did not start with Trump but he is set to accelerate it. The self-styled working-class hero has picked the richest cabinet in history, including 13 billionaires, surrounding himself with the very elite he claims to oppose. Elon Musk, the world’s richest man, has become a key adviser. Tech titans Musk, Jeff Bezos and Mark Zuckerberg – collectively worth a trillion dollars – will be sitting at his inauguration on Monday.

Invoking former president Dwight Eisenhower’s farewell address in January 1961 that warned against the rise of a military-industrial complex, Biden said: “Six decades later, I’m equally concerned about the potential rise of a tech industrial complex. It could pose real dangers for our country as well. Americans are being buried under an avalanche of misinformation and disinformation, enabling the abuse of power.”

In an acknowledgement of news deserts and layoffs at venerable institutions such as the Washington Post, Biden added starkly: “The free press is crumbling. Editors are disappearing. Social media is giving up on fact checking. Truth is smothered by lies, told for power and for profit. We must hold the social platforms accountable, to protect our children, our families and our very democracy from the abuse of power.”

Zuckerberg’s recent decision to abandon factcheckers on Facebook, and Musk’s weaponisation of X in favour of far-right movements including Maga, was surely uppermost in Biden’s mind. Trust in the old media is breaking down as people turn to a fragmented new ecosystem. It has all happened with disorienting speed."

Sunday, January 5, 2025

A Pulitzer winner quits 'Washington Post' after a cartoon on Bezos is killed; NPR, January 4, 2025

, NPR; A Pulitzer winner quits 'Washington Post' after a cartoon on Bezos is killed

[Kip Currier: Every day, U.S. oligarchs like Washington Post owner Jeff Bezos and Los Angeles Times owner Patrick Soon-Shiong feel more emboldened to cravenly censor criticism of themselves and impede freedom of expression and access to information.

Thank you, Ann Telnaes, for speaking truth to power with your satirical artistry and standing up for the importance of free and independent presses with your principled resignation decisionAs the Pulitzer Prize-winning editorial cartoonist underscored in explaining her resignation, "Democracy can't function without a free press".

The evidence is now even more clear than one year or a decade ago: Consolidation of ownership of print journalism and broadcast media by a few billionaires and corporate conglomerates chills the ability to dissent and provide access to diverse perspectives. 

The diagnosis and ramifications are also clear: Having a handful of oligarchs control America's newspapers is antithetical to well-informed citizenries and healthy democracies. (See here for a prescient 2017 article by veteran journalist and free speech/free press advocate Bill Moyers.)

Potential remedies? It's absolutely imperative that free speech-supporting Americans develop and nurture alternative ways to promote access to information and freedom of expression, as is increasingly being done on Substack accounts (see examples here, and here, and here) and via podcasts.

In the longer term, collaborative trusts (see here, for example) that can purchase newspapers and share ownership among more than one individual offer some potential ways to challenge oligarch newspaper monopolies.]


[Excerpt]

"A Pulitzer Prize-winning cartoonist for the Washington Post has resigned after its editorial page editor rejected a cartoon she created to mock media and tech titans abasing themselves before President-elect Donald Trump.

Among the corporate chiefs depicted by Ann Telnaes was Amazon founder and Post owner Jeff Bezos. The episode follows Bezos' decision in October to block publication of a planned endorsement of Vice President Harris over Trump in the waning days of last year's presidential elections.

The inspiration for Telnaes' latest proposed cartoon was the trek by top tech chief executives including Bezos to Trump's Florida estate, Mar-a-Lago, as well as the seven-figure contributions several promised to make toward his inauguration. She submitted a sketch before Christmas. It was never published."