The Myth of the American Oligarchy

Who’d have believed that Bernie Sanders, a ranting disheveled old man could rise to become the modern-day reincarnation of Vladimir Lenin, with a Brooklyn accent, evangelizing for socialism in the USA and building a legion of useful idiots? (Clue: Bernie and his wife honeymooned in the Soviet Union.) He’s certainly not charismatic. So, he shrewdly recruited AOC as his partner, a weird May-December relationship, for a road show last winter called the “Fighting Oligarchy Tour.”

Bernie’s schtick is throwing around a barrage of angry, demagogic, simplistic, exaggerated, inflammatory slogans to rile up gullible malcontents. The slogan for this tour was that America has become an “oligarchy.” Let’s start with the definition of that term. Oligarchy: noun, a form of government in which the ruling power belongs to a small wealthy group that controls the economy and makes laws and political decisions to preserve its own power.

Myth of the oligarchyReally? Who are the members of this oligarchy of wizards that possess the superpower to run our government, our military, our foreign policy, and our intricate economy with literally millions of businesses large and small? No such thing exists. This is a contrived fantasy to fuel Bernie’s socialist crusade. Ironically, such an oligarchy is more likely to be found in totalitarian socialist states where opposition political parties are banned and the only names on ballots in their mock elections are members of the official Communist party. Such states control every facet of your life with an iron grip like the former Union of Soviet “Socialist” Republics, Cuba, North Korea, China — or Iran’s theocracy of ayatollahs. The American republic’s system of government with its separation of powers, checks and balances, and its highly competitive free market economy is too complex and independent to be ruled by a small cabal of evil billionaires.

If this imaginary oligarchy controls the federal government, why did it bounce back and forth through a procession of presidents with wildly different political agendas from 2000 – 2024: Bush, Obama, Trump, Biden, and Trump (again)? Or did the “oligarchy” only emerge in 2024 with Trump’s reelection? And what secret power does it have over him, the Republican majority in Congress, and conservative justices on the Supreme Court? How do the oligarchs manipulate state governments with big cities nominally run by Democrats? And what power does it have over rural America that favors Republicans?

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