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The coming revolt against woke capitalism - The ‘progressive’ super-rich have no idea how much the public loathes them.
Spiked ^ | 2 Apr, 2024 | JOEL KOTKIN

Posted on 04/02/2024 7:04:51 AM PDT by MtnClimber

The greatest threat to Western civilisation comes not from China, Russia or Islamists, but from the very people who rank among its greatest beneficiaries. In virtually every field, the midwives of our demise are not working-class radicals or far-right agitators, but, as the late Fred Siegel called it, the ‘new aristocratic class’, made up of the well-credentialed and the technologically and scientifically adept.

Virtually every ideology that’s undermining the West has its patrons in these ruling cognitive elites. This includes everything from the purveyors of critical race theory and Black Lives Matter to transgender activists and, perhaps most egregiously, campaigners for the climate jihad. In each case, these elite activists reject the market traditions of liberal capitalism and instead promote a form of social control, often with themselves in charge. The fact that these ideologies are destructive, and could ultimately undermine the status of these very elites, seems to matter little to them. That they also infuriate the middle and working classes doesn’t seem to register, either.

A huge shift has taken place among the elites in recent years. In the past, wealthy people overwhelmingly favoured the political right or the centre. Some billionaires still do, including oil and chemicals magnate Charles Koch, Oracle founder Larry Ellison, media tycoon Rupert Murdoch and real-estate billionaire Donald Bren, all of whom are well into their seventies or eighties or beyond. Today, these folks are being supplanted by more youthful and supposedly more ‘enlightened’ oligarchs, who have consistently outraised and outspent their right-wing rivals by a margin of nearly two to one.

In the US, nonprofits’ assets have grown 16-fold since 1980. In 2020, nonprofits brought in $2.62 trillion in revenues, constituting more than five per cent of the US economy. Ironically, foundations that are funded with the great fortunes of Henry Ford, John D Rockefeller and John D MacArthur, all right-wing figures, have become some of the key financiers of ‘progressive’ causes.

In the coming decades, we can expect more of this pattern. Not only do we have to deal with the beliefs of the oligarchs, but also those of their forsaken wives and their offspring. Jeff Bezos’ former spouse, MacKenzie Scott, worth an estimated $60 billion, has already given $133million to a group pushing for a ‘progressive’ takeover of education. Melinda Gates, the former wife of the Microsoft founder Bill Gates, worth at least $13 billion, is also backing woke causes.

The current cadre of elites seem uniquely hostile to meritocracy and individual rights – values that once stood at the heart of liberal, capitalist societies. Rather than promote upward mobility for the plebs, they want to divide them into ‘identity’ groups based on race, sexuality and gender. Black Lives Matter, the enforcers of critical race theory, for years enjoyed lavish support from top tech companies, including Microsoft, Cisco and TikTok. It also became a poster child for a host of nonprofits, like the Tides Foundation, which in turn gets much of its money from oligarchs and their descendants, including George Soros and the MacArthur, Hewlett, Ford, Packard and Rockefeller foundations.

Nowhere is the gap between the elites’ political activism and the interests of the public more evident today than when it comes to the overhyped climate crisis. To a remarkable extent, the current ruling oligarchy in tech and on Wall Street have embraced the ideology of Net Zero, even though this threatens to undermine Western industrial power and raise the cost of living for the masses. Elite opinion, in general, is far more engaged on climate issues than the general population. In one recent poll, those living with graduate degrees in big dense cities and making over $150,000 a year are far more likely to favour such things as rationing meat and gas than the vast majority of Americans.

The ultra-rich have been particularly drawn to draconian climate positions. Leading billionaires like Tom Steyer have collectively sent hundreds of millions to leading environmental groups. The Rockefellers, heirs to the Standard Oil fortune, have become some of the fiercest advocates of radical climate policies. They even favour punishing corporations that make money from fossil fuels like their own forebears once did.

Environmental groups, including the Sierra Club, have received huge donations, often as high as $100million, from wealthy moguls like Ted Turner and Michael Bloomberg. Jeff Bezos announced $10 billion in gifts, mostly to green nonprofits, in 2020 alone. The oligarchs’ philanthropic efforts are also now paying the salaries of ‘climate reporters’ at Associated Press and National Public Radio (NPR) to encourage the media to toe the party line.

This all constitutes what analyst Robert Bryce has labelled the ‘anti-industry industry’. Indeed, green lobbyists outspend so-called Big Oil by more than four to one. The recent drives to ban new natural gas stoves and liquefied natural gas (LNG) come directly from these billionaire-funded campaign groups.

The clear hypocrisy of the greens does not go unnoticed by the masses. Those same elites who demand climate austerity for the many are widely known to enjoy the use of private jets, build $500 million yachts and own numerous, often enormous mansions. The fact that the most recent climate confab, COP28, had a session on ‘responsible yachting’ tells people all they need to know about the hypocrisy of the super-rich.

The damage being done by the oligarchs’ green agenda is now fuelling a rebellion from the beleaguered European, British and American middle and working classes. Many are becoming increasingly sceptical of elite environmentalism, just as they have been consistently hostile to woke ideas on law enforcement, transgender issues and racial quotas....


TOPICS: Business/Economy; Society
KEYWORDS: communism; corruption; oligarchs

1 posted on 04/02/2024 7:04:51 AM PDT by MtnClimber
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To: MtnClimber

It is no wonder that they have to hide in their compounds.


2 posted on 04/02/2024 7:05:02 AM PDT by MtnClimber (For photos of scenery and wildlife, click on my screen name for my FR home page. More photos added.)
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To: MtnClimber

Personally, I’d love to see those crony capitalists be made dirt poor and homeless, starting with Gyorgy Schwartz.


3 posted on 04/02/2024 7:09:44 AM PDT by No name given (Anonymous is who you’ll know me as)
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To: MtnClimber

“It is no wonder that they have to hide in their compounds.”

These Morlocks are finding New Zealand an agreeable site to dig their rathole graves.


4 posted on 04/02/2024 7:13:54 AM PDT by sergeantdave (AI training involves stealing content from creators and not paying them a penny)
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To: MtnClimber

Yea, why are the super rich, like Zuckerberg, building end of the world bunkers? Not a very optimistic view of the future.


5 posted on 04/02/2024 7:17:04 AM PDT by DeplorablePaul
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To: DeplorablePaul

Apparently, Zuckerberg is Bible follower whether he knows it or not.

Revelation 6:15

“Then the kings of the earth and the eminent people, and the commanders and the wealthy and the strong, and every slave and free person hid themselves in the caves and among the rocks of the mountains;“


6 posted on 04/02/2024 7:27:15 AM PDT by grumpygresh (Civil disobedience by non-compliance; jury and state nullification.)
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To: MtnClimber
"The damage being done by the oligarchs’ green agenda is now fueling a rebellion from the beleaguered European, British and American middle and working classes."

I keep hearing that, but I'm skeptical. Who is leading this rebellion? Where do you sign up? How do you fight them?

We drove through Colfax, WA a couple times last week. There are small (maybe 18" x 24") signs all over the place that say "No Wind Farms." Yet the GD monstrosities are taking over the once-magnificent hilly region called "The Palouse." So, yes, there are grass roots efforts, but you've got big corporations building and installing these monstrosities backed by Bide & Co.

7 posted on 04/02/2024 7:36:34 AM PDT by ProtectOurFreedom (“When exposing a crime is treated like a crime, you are being ruled by criminals” – Edward SnowdenA)
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To: MtnClimber
They are aware.

Why do you think they had/have [BLACK LIVES MATTERS] signs on their impeccably manicured lawns??

The message from them:

[EAT US LAST]

8 posted on 04/02/2024 7:57:29 AM PDT by Rocky Mountain Wild Turkey ("I have an open mind ... just not so open that my brain falls out onto the floor!!")
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To: MtnClimber
Another good sign ...

The number of Ukrainian flags flying outside homes in my hyper-woke, Midwestern college town neighborhood has gone from 5 to 1.

9 posted on 04/02/2024 7:59:25 AM PDT by Rocky Mountain Wild Turkey ("I have an open mind ... just not so open that my brain falls out onto the floor!!")
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To: MtnClimber

They know people hate them, and they don’t care. That’s because money buys friends, and they can afford a lot of the right kind of friends.


10 posted on 04/02/2024 7:59:49 AM PDT by eastexsteve
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To: MtnClimber

They have been told that they don’t need to know, so they don’t even care.
Revolt?? Don’t make me laugh.


11 posted on 04/02/2024 8:15:21 AM PDT by bobbo666 (Baizuo, )
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To: MtnClimber

They know how much they’re hated. They don’t care. We are in the throes of transitioning from a democratic republic to a post-Imperial feudal society now, and all they care about is protecting themselves, their posterity, their fiefdoms, and their loyal retainers. The rest of the serfs need to be kept poor, starving, disorganized, and disarmed, so that they can’t cause serious trouble.


12 posted on 04/02/2024 9:12:17 AM PDT by Flatus I. Maximus (VOTE BIDEN 2024! Too senile to stand trial but good enough to run the country!)
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