Plutocracy: government by the wealthy; an elite or ruling class of people whose power derives from their wealth
A disturbing article in The Atlantic magazine, Russian-Style Kleptocracy Is Infiltrating America, focuses on current American politics and the false image that America had about Russia after the Soviet Union collapsed in December of 1991. Washington falsely believed that Russian leaders had committed to democratic capitalism, but in fact they were dedicated authoritarian kleptocrats.
The Founding Fathers' worry: The author, Franklin Foer, points out that the Founding Fathers were very concerned with the possibility that bribery and the corruption it buys would become the norm. He is blunt on this point: “The Founders were concerned that venality would become standard procedure, and it has.” He argues that even before Trump rose to power state politicians and American elites had proved themselves to be “reliable servants of a rapacious global plutocracy.” The elites that Foer points his finger at include lawyers, lobbyists, real-estate brokers, and politicians in state capitals, all of whom enabled creation and hiding of shell companies. The financial opacity that created led to laundering of tens or hundreds of billions of dollars that kleptocrats accumulate each year.
The article concludes with this: “American collusion with kleptocracy comes at a terrible cost for the rest of the world. All of the stolen money, all of those evaded tax dollars sunk into Central Park penthouses and Nevada shell companies, might otherwise fund health care and infrastructure. . . . . One bitter truth about the Russia scandal is that by the time Vladimir Putin attempted to influence the shape of our country, it was already bending in the direction of his.”
How did American get Russia so wrong?: Foer argues: “Washington had placed its faith in the new regime’s elites; it took them at their word when they professed their commitment to democratic capitalism. But Palmer [CIA station chief in the US Moscow embassy] had seen up close how the world’s growing interconnectedness—and global finance in particular—could be deployed for ill.”
That sounds much like how the US was completely deceived for years by the kleptocrats who ran and still run the government in Afghanistan. In her book, Thieves of State, Sarah Chayes describes the simple but effective technique that kleptocrats employ to facilitate systemic, massive looting of an entire nation. In essence, kleptocrats speak English and they work hard to learn the jargon and acronyms that Western minds want to hear. The poisonous lies sound true and rational because it sounds so much like us.
Although Statin Chief Palmer tried to warn congress of what was happening, congress simply could not or would not see the ugly reality he laid out for them. Maybe they were already under the spell of corruption. Foer writes: “The United States, Palmer made clear, had allowed itself to become an accomplice in this plunder. His assessment was unsparing. The West could have turned away this stolen cash; it could have stanched the outflow to shell companies and tax havens. Instead, Western banks waved Russian loot into their vaults. Palmer’s anger was intended to provoke a bout of introspection—and to fuel anxiety about the risk that rising kleptocracy posed to the West itself. . . . . This unillusioned spook was a prophet, and he spoke out at a hinge moment in the history of global corruption. America could not afford to delude itself into assuming that it would serve as the virtuous model, much less emerge as an untainted bystander.”
Morals . . . . what morals?: That speaks volumes about the utter immorality of international finance, and complicit elites and politicians who know full well exactly what they are doing. It was all about the money, nothing else. Claims of selfless patriotism or high ethical standards ring hollow. The opacity of the system they set up was intentional and necessary, not an accident or mere coincidence. There is nothing moral about this. It is all about theft and nothing more.
Claims that capitalism and business are just amoral and morality is irrelevant are completely false. There is no defense for that argument in view of the facts and the logical conclusions they lead to.
The amounts of money involved are both staggering and destabilizing. What should go into public interest spending and civilization-building go instead into bank accounts of kleptocrats and their enablers, including state governments, lawyers and the real estate industry. All kleptocrats and their enablers work very hard to hide as much of their immoral sleaze as possible, preferably all of it. If they had their way, kleptocracy would be fully legal.
The amounts of money are so great that for the enablers, they believe their own BS about their high morals.
One of history’s greatest heists is still ongoing: The scope of the theft was staggering: “In the dying days of the U.S.S.R., Palmer had watched as his old adversaries in Soviet intelligence shoveled billions from the state treasury into private accounts across Europe and the U.S. It was one of history’s greatest heists. . . . . By one estimate, more than $1 trillion now exits the world’s developing countries each year in the forms of laundered money and evaded taxes.”
An existential threat?: From time to time, B&B raises the idea that international corruption could constitute an existential threat to civilization, and maybe even the human species. Occasional articles like this reinforce that possibility. Denials by kleptocrats, including President Trump, are neither plausible nor persuasive.
The question is this: Is there still enough political honesty, will and power to turn the tide of corruption back, or is it too late, especially in view of the pro-kleptocrat, anti-rule of law Trump backed by congressional republicans?
BB orig: 2/10/19
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