Whoever the "wealthy elite" are described in this article...

Editor's note: ...they are nothing compared to the extremes for example the Rothschild clan have gone to including inbreeding and incest over the centuries in order to hold and protect their hyper wealth incomprehensible to the average peasant slave. The corporate interests discussed in the article below have at the apex of their ownership European aristocratic interlocking banking and finance families including the Rothschilds. All of this is based on the Roman death cult that has wreaked havoc on civilizations. The rich can revolt all they want to because maybe some of them have worked for their wealth compared to the generational wealth held by this nobility who have rigged the system against us.

________

Revolt of the Rich: Wealthy Elites Have Waged A Fifty Year Class War—and Won

By Jeremy Kuzmarov | March 7, 2025

The 2024 election between Kamala Harris and Donald Trump makes clear that the U.S. has two right-wing parties and no effective left-wing opposition.

Trump and the GOP support regressive tax policies and fervent anti-immigrant measures while the Democrats offer a Republican-light domestic economic program combined with hawkish foreign policies that earned Kamala Harris the endorsement of neo-conservative hardliner Dick Cheney.

With both parties competing to screw over working class people, culture war issues have become determinant in elections over the past generation, with the Democrats embracing identity politics in an attempt to mask their commitment to advancing corporate interests almost as egregiously as the GOP.

David Gibbs's new book Revolt of the Rich: How the Politics of the 1970s Widened America's Class Divide argues that the roots of today’s dystopian political landscape lie in the successful strategies of wealthy businessmen in the 1970s.[1]

Prior to that time, a social compact prevailed under the New Deal order, lasting roughly from 1932 to 1968, by which the power of corporations was curtailed to some extent by unions and economic policies were adopted by governing elites that contributed to middle-class growth.

Designed largely to avert the prospect of social revolution in the Great Depression, these policies included regulation of the banking structure under Glass-Steagall, progressive income tax rates, a relatively robust social safety net, laws granting unions organizing and collective bargaining rights, and government commitment to funding public education.

After some of the first New Deal measures were passed, J.P. Morgan, the DuPont family and wealthy Texas oil barons funded the Liberty League, which flooded the country with incendiary propaganda accusing President Franklin Delano Roosevelt of bringing socialism to the U.S., and tried to unseat him in a coup.

The coup failed and, when Dwight Eisenhower, a Republican, became president in the 1950s, he preserved core New Deal programs.

[Source: posterazzi.com]

Things changed in the 1970s when wealthy businessmen, who had accommodated themselves to the New Deal, became alarmed by declining corporate profits,[2] inflation and the political activism of the 1960s generation.

They began marshaling funds into right-wing think tanks and lobbying groups and, with the support of President Richard M. Nixon, worked to develop a conservative counter-establishment that helped shift the country's political-economic landscape dramatically rightward.

Right-wing economists associated with the Mont Pelerin Society, including Milton Friedman and Friedrich Hayek, were at the heart of the conservative counter-establishment, along with Christian evangelical preachers like Jerry Falwell and Billy Graham, who mobilized their legions of followers in support of the right-wing power shift.

Friedman’s book Capitalism and Freedom, arguing for deregulation, privatization, and fiscal austerity, was particularly influential in helping to facilitate the displacement of Keynesian thinking and its emphasis on a robust public sector, which predominated during the New Deal era.

Contrary to the depiction of some historians, Richard Nixon was a highly ideological president. He sought to advance a conservative agenda consistent with the worldview of Mont Pelerin Society economists like Friedman who in the 1950s and 1960s was considered "radical right" and part of a "lunatic fringe" to quote Gibbs.[3]

An influential member of the Mont Pelerin Society, George Shultz, a professor of Industrial Relations at the University of Chicago with Friedman who became Secretary of State under Ronald Reagan, served in the Nixon administration as Treasury Secretary, Labor Secretary and director of the Office of Management and Budget.[4] Shultz was one of many Mont Pelerin Society alumni appointed to influential positions in the Nixon administration.[5]

Please go to Covert Magazine to continue reading.

________

It can be assured that in most cases politicians are bitches for someone the least of which are bankers: