{"id":18836,"date":"2022-03-09T15:50:58","date_gmt":"2022-03-09T15:50:58","guid":{"rendered":"http:\/\/allanhardingmackay.ca\/courtpainter\/?p=18836"},"modified":"2022-03-09T15:50:58","modified_gmt":"2022-03-09T15:50:58","slug":"oligarchythe-stinking-rich","status":"publish","type":"post","link":"https:\/\/allanhardingmackay.ca\/courtpainter\/?p=18836","title":{"rendered":"Oligarchy,the stinking rich&#8230;"},"content":{"rendered":"\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\"><\/figure>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Biden Imposes Sanctions On Russian Oligarchs | Zerlina.\" width=\"840\" height=\"473\" src=\"https:\/\/www.youtube.com\/embed\/K-xhYlfY5Po?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>The US announced stronger sanctions on Russia targeting oligarchs. Robert Reich talks about Russian oligarchs\u2019 influence vs. that of U.S. oligarchs also known as Uber billionaires and the <em>stinking rich.<\/em><\/p>\n\n\n\n<p><strong>A<\/strong>fter years of stagnant wages, volatile job markets, and an unwillingness by those in power to deal with profound threats such as climate change, there is a mounting sense that the system is fixed, serving only those select few with enough money to secure a controlling stake.  Robert B. Reich shows how<strong> wealth and power have interacted to install an elite oligarchy, eviscerate the middle class, and undermine democracy.<\/strong> Reich exposes how those at the top propagate myths about meritocracy, national competitiveness, corporate social responsibility, and the free market to distract most Americans from their accumulation of extraordinary wealth, and power over the system. Instead of answering the call to civic duty, they have chosen to uphold self-serving policies that line their own pockets and benefit their bottom line. <\/p>\n\n\n\n<p><em>Source: Edited Description to Robert Reich&#8217;s recent book The System: Who Rigged It, How We Fix It<\/em>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"607\" src=\"https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2022\/03\/CP-brand-1.jpg\" alt=\"\" class=\"wp-image-18970\" srcset=\"https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2022\/03\/CP-brand-1.jpg 1000w, https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2022\/03\/CP-brand-1-300x182.jpg 300w, https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2022\/03\/CP-brand-1-768x466.jpg 768w\" sizes=\"auto, (max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 1362px) 62vw, 840px\" \/><\/figure>\n\n\n\n<p><strong><em>To avoid lawsuits Court Painter &amp; Press Attache AHM, have staged how they consider oligarchs are likely to present themselves in various elite settings.I think we will have to agree they look born to the status!<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"563\" height=\"750\" src=\"https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2022\/03\/robb-report-1.jpg\" alt=\"\" class=\"wp-image-18972\" srcset=\"https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2022\/03\/robb-report-1.jpg 563w, https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2022\/03\/robb-report-1-225x300.jpg 225w\" sizes=\"auto, (max-width: 563px) 85vw, 563px\" \/><\/figure>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:100%\">\n<figure class=\"wp-block-pullquote\"><blockquote><p>Globally, the number of stinking-rich is projected to increase a staggering&nbsp;<strong>28%<\/strong>&nbsp;by 2026. (Still, it\u2019s worth noting that growth between 2016-2021 was almost three times this rate, at over 75%.)<\/p><\/blockquote><\/figure>\n<\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"598\" src=\"https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2022\/03\/Court-Painter-Time-Cover-1-1.jpg\" alt=\"\" class=\"wp-image-18968\" srcset=\"https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2022\/03\/Court-Painter-Time-Cover-1-1.jpg 1000w, https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2022\/03\/Court-Painter-Time-Cover-1-1-300x179.jpg 300w, https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2022\/03\/Court-Painter-Time-Cover-1-1-768x459.jpg 768w\" sizes=\"auto, (max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 1362px) 62vw, 840px\" \/><\/figure>\n\n\n\n<p>Despite the&nbsp;<a href=\"https:\/\/www.britannica.com\/topic\/democracy\/The-spread-of-democracy-in-the-20th-century#ref233845\">spread of democracy in the 20th century<\/a>, oligarchies continued to exist, including in countries that were nominally democratic in form. Among industrialized countries that have been identified as oligarchies are Russia since the&nbsp;<a href=\"https:\/\/www.britannica.com\/event\/the-collapse-of-the-Soviet-Union\">fall of the Soviet Union<\/a>&nbsp;and China since that country\u2019s embrace of&nbsp;<a href=\"https:\/\/www.britannica.com\/dictionary\/capitalism\">capitalism<\/a>&nbsp;in the late 1970s. Some political scientists have argued that the contemporary&nbsp;<a href=\"https:\/\/www.britannica.com\/place\/United-States\">United States<\/a>&nbsp;is an oligarchy or a plutocracy, because its great&nbsp;<a href=\"https:\/\/www.britannica.com\/topic\/income-inequality\">inequality<\/a>&nbsp;of&nbsp;<a href=\"https:\/\/www.britannica.com\/topic\/distribution-of-wealth-and-income\">wealth and income<\/a>&nbsp;(as compared with other industrialized countries) enables economic elites and&nbsp;<a href=\"https:\/\/www.britannica.com\/topic\/corporation\">corporations<\/a>&nbsp;to influence public policy to their advantage, often against the preferences of the majority of ordinary citizens.<\/p>\n\n\n\n<p>Source: <a class=\"\" href=\"https:\/\/www.britannica.com\/editor\/The-Editors-of-Encyclopaedia-Britannica\/4419\"> Encyclopaedia Britannica<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"675\" height=\"900\" src=\"https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2022\/03\/CP-Time-Cover-copy-1.jpg\" alt=\"\" class=\"wp-image-18971\" srcset=\"https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2022\/03\/CP-Time-Cover-copy-1.jpg 675w, https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2022\/03\/CP-Time-Cover-copy-1-225x300.jpg 225w\" sizes=\"auto, (max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 61vw, (max-width: 1362px) 45vw, 600px\" \/><\/figure>\n\n\n\n<p>As an aside&#8230;pay awarded to the CEOs of Canada\u2019s five largest banks rose by 23 per cent last year, the&nbsp;<em>Globe<\/em>&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/nam12.safelinks.protection.outlook.com\/?url=https%3A%2F%2Fmacleans.cmail19.com%2Ft%2Fy-l-btrhug-idiuilkhtj-f%2F&amp;data=04%7C01%7C%7C771ae020196448708b1408da01c89d37%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637824258395063281%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&amp;sdata=7%2B3UYRe5cDjnx%2FoMZ1MZ7PHK%2FX72LTdSWsO0KEv0uyY%3D&amp;reserved=0\" target=\"_blank\">reports<\/a>. Five bank CEOs earned a combined $70-million in total compensation, compared with $57-million in 2020, according to company filings.<\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><a href=\"https:\/\/www.britannica.com\/\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.britannica.com\/mendel\/eb-logo\/b-50-pb5.png\" alt=\"Encyclopedia Britannica\" width=\"225\" height=\"55\"\/><\/a><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"1000\" src=\"https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2022\/03\/Court-Painter-standing-in-a-room-1.jpg\" alt=\"\" class=\"wp-image-18962\" srcset=\"https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2022\/03\/Court-Painter-standing-in-a-room-1.jpg 1000w, https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2022\/03\/Court-Painter-standing-in-a-room-1-300x300.jpg 300w, https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2022\/03\/Court-Painter-standing-in-a-room-1-150x150.jpg 150w, https:\/\/allanhardingmackay.ca\/courtpainter\/wp-content\/uploads\/2022\/03\/Court-Painter-standing-in-a-room-1-768x768.jpg 768w\" sizes=\"auto, (max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 1362px) 62vw, 840px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The US announced stronger sanctions on Russia targeting oligarchs. Robert Reich talks about Russian oligarchs\u2019 influence vs. that of U.S. oligarchs also known as Uber billionaires and the stinking rich. After years of stagnant wages, volatile job markets, and an unwillingness by those in power to deal with profound threats such as climate change, there &hellip; <a href=\"https:\/\/allanhardingmackay.ca\/courtpainter\/?p=18836\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Oligarchy,the stinking rich&#8230;&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-18836","post","type-post","status-publish","format-gallery","hentry","category-images","post_format-post-format-gallery"],"_links":{"self":[{"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=\/wp\/v2\/posts\/18836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18836"}],"version-history":[{"count":16,"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=\/wp\/v2\/posts\/18836\/revisions"}],"predecessor-version":[{"id":18976,"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=\/wp\/v2\/posts\/18836\/revisions\/18976"}],"wp:attachment":[{"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}