Since Ronald Reagan’s “supply-side” tax cuts for the rich – followed by other giveaways like eliminating the “death tax” so billionaires can pass on their fortunes to lucky heirs – the United States has been on a mad dash to oligarchy, as Bill Moyers and Michael Winship note.
Part of Ukraine’s crisis stems from the political power of 10 “oligarchs,” billionaires in a society with vast income inequality. It is a future that Americans seem headed toward, as one U.S. “oligarch,” Sheldon Adelson, picks his Republican presidential favorite, notes ex-CIA analyst Paul R. Pillar.
The U.S. government’s campaign against “leakers” has pushed together some odd media bedfellows, with representatives of the mainstream news media joining with more active players who help disseminate government secrets in a conference on the dangers now facing a free press, as Danny Schechter observed.
From the Archive: The death of Iran-Contra special prosecutor Lawrence Walsh on Wednesday at the age of 102 marked the passing of what is now rare in the American Establishment, a person who courageously fought for a truthful historical record, as Robert Parry explained in this 1997 review of Walsh’s memoir, Firewall.