John D. Rockefeller

America Is In A New “Gilded Age” Of Obscene Wealth And Monopoly Capitalism: Reform Is Essential!

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At the beginning of the 20th century, America escaped the Gilded Age period of obscene wealth and monopoly capitalism, under the leadership of Theodore Roosevelt, Woodrow Wilson, Robert LaFollette Sr., George Norris, and others who promoted the Progressive Era.

The Progressive Era was far from perfect, but it gave hope of escaping the worst elements of the GIlded Age in the last third of the 19th century.

We have had ups and downs since the Progressive Era, the New Deal, the New Frontier, and Great Society, particularly with the triumph of conservatism under Ronald Reagan and the two Presidents Bush, and then made ever worse by Donald Trump.

But now, the news of billionaires having arrangements to keep their wealth from being taxed by overseas havens and even South Dakota allowing such reprehensible tactics is highly disturbing. This, along with the clear cut monopoly of Facebook promoting division, conflict, polarization, and affecting even young girls’ self image due to the toxic Instagram social media site, cries out for strong movement toward another “Progressive Era”.

The idea that concentration of wealth and power rivals and is clearly greater than the time of John D. Rockefeller, Andrew Carnegie, J P Morgan, and other monopolists of the late 19th and early 20th century is totally outrageous!

But is it possible in a nation with a 50-50 US Senate and a six vote margin in the House of Representatives to accomplish necessary reform?

This present, disturbing situation is a massive crisis of American democracy, with the threat of Donald Trump possibly regaining power, and destroying any possibility of reform!

Plutocracy Vs Representative Government: 1896 And 2012 Presidential Elections

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In the last election of the 19th century, the Presidential Election Of 1896, the corporate plutocrats of the time period—John D. Rockefeller, Andrew Carnegie, J P Morgan—gave financial support to the Republican Presidential nominee, William McKinley, to defeat Democratic nominee William Jennings Bryan, and threatened their workers with lost jobs and closed down industries if Bryan won. They succeeded in electing McKinley, but fortunately within five years, with the assassination of McKinley in 1901, they met their match in the new President, Theodore Roosevelt, who ushered in the Progressive Era, setting the standard for progressives and the later evolution of liberalism among members of Congress and numerous Presidents of both parties, who would work to copy TR’s vision of leadership for the people against the special interests, the powerful corporations. TR also made sure that corporations were unable, ever again, to wield the spending power in campaigns as they had done in 1896.

116 years later, the corporate plutocrats of 2012—including the Koch Brothers, Sheldon Adelson, Donald Trump and a small group of others led by Karl Rove—emboldened by a Supreme Court decision (Citizens United Case) allowing corporations unchecked power to do what was done in 1896, unlimited spending in political campaigns, set out to buy an election, as had occurred in 1896.

So corporate leaders threatened to lay off people if Barack Obama won, and they fully supported the ultimate plutocrat, Mitt Romney, a man who made his fortune destroying jobs and companies, a true Robber Baron, who did not contribute anything to American economic growth, but only his own economic growth!

And despite their massive spending and intrusion into the political process, these plutocrats FAILED MISERABLY!

Democracy won out with the second term victory of Barack Obama, who by winning a second majority popular vote victory, insured the legacy of what he had done on national health care, as well as all of the ideas and visions of TR and every progressive President and program ever since the time of TR, including the New Deal and Great Society.

So TR, belatedly, a century ago, and particularly in 1912, as well as Barack Obama in 2012, reaffirmed the massive victory of progressive ideas and programs, and sent a warning to the corporate plutocrats—YOUR DAYS OF ABSOLUTE CONTROL AND LAWLESSNESS ARE OVER! More government regulation and oversight is on the horizon! The people have won over special interests!

The Irony Of Oil Industry Subsidies And Jay Rockefeller

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About a week ago, the five major oil company executives appeared before a Senate committee to defend their right to retain government tax breaks, despite all time profits in the industry, as oil and gasoline prices continue to rise.

There was outrage that the executives, or at least the Conoco Phillips CEO, said it was “UnAmerican” to take away the billions of dollars of subsidies, at a time of budget deficits and the nation on the brink of a showdown on raising the debt limit.

Particularly notable was the condemnation of the industry leaders by Democratic Senator Jay Rockefeller of West Virginia, whose great grandfather was the original oil baron, John D. Rockefeller, the so called “Robber Baron” of the late 19th and early 20th century!

It was a wonder to behold Senator Rockefeller being outraged at the abuses of the industry! It brought back memories of the Gilded Age of the late 19th century, which so much resembles what has been going on in America since the Age of Ronald Reagan in the 1980s!