Sunday, April 12, 2009

The Global Power Elite

The Sacramento Bee has a column today , April 12, 10 Tough Political Calls Obama has to make, by David Rothkopf , author of Superclass: The Global Power Elite and the World They are Making.

He frames one of his questions as follows,
“will he (Obama) be willing to increase taxes on the middle-class taxpayers – or exacerbate class tensions by continuing to place all the burden on the most affluent Americans?”

What a preposterous statement.

We are in an economic crisis directed by Rothkopf’s Global Power Elite. In the U.S. after over three decades of stagnant wages for working people, the banking and corporate elite have received over $700 billion in taxpayers’ money.

These are class tensions. The rich, with the assistance of the Federal Reserve, have looted the banks and causing severe unemployment and economic recession. This is class conflict- and the rich are winning.

Although Rothkopf’s essay uses a frame to support the views of the Power Elite, the questions which he proposes are correct.

The fundamental questions are will the policies of the new Obama Administration side with the interests of the vast majority of the people- over 80% of the electorate, or will the Administration side with the Global Power Elite?

Dr. Duane E. Campbell
Democracy and Education Institute

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