In the 2020 presidential election cycle, more than $14bn went to federal candidates, party committees, and Super Pacs – double the $7bn doled out in the 2016 cycle. Total giving in 2024 is bound to be much higher.
That money is not supporting US democracy. If anything, that money is contributing to rising Trumpism and neofascism.
Reich lists the billionaire donors who are hoping to become the new feudal lords in the new American empire. It’s not about states at that point. It’s about oligarchy.
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The dollar is based on confidence, like all money. That confidence is backed by the country’s ability to deliver. When they take over the government’s functions they can (if they choose) print their own script.
With the resources they command, money isn’t the problem.
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