CORPORATE OLIGARCHS HAVE BEEN UNDERMINING DEMOCRACY FOR 45 YEARS

Trump is the culmination of decades of work by wealthy individuals and CEOs (America’s oligarchs) undermining democracy & skewing government policy. This has led to high income & wealth inequality. Many Americans have lost their economic security, as well as their faith in government & democracy.

Trump is the culmination of decades of work by wealthy individuals and corporate CEOs (i.e., America’s oligarchs) undermining democracy and skewing government policies. This has led to dramatic income and wealth inequality. Many Americans have lost their economic security, as well as their faith in government and democracy.

SPECIAL NOTE: We need millions of Americans at the No Kings protests on October 18 in defense of democracy. Please support this however you can. You can find an event near you at: https://www.mobilize.us/nokings/map/?tag_ids=27849.

(Note: If you find a post too long to read, please just skim the bolded portions. Thanks for reading my blog!)

(Note: Please follow me and get notices of my blog posts on Bluesky at: @jalippitt.bsky.social. Thanks!)

I’ve been surprised at how little spine corporate Chief Executive Officers (CEOs) (supposed “leaders”) have shown in the face of Trump’s behavior and attacks. They know that unpredictability and chaos in government, as well as uncertainty, polarization, and unrest in society (in America and globally), are bad for the economy and for their businesses, at least in the long run. They know that an autocrat’s lack of respect for the rule of law, for property rights, and for freedom of speech are bad for business.

However, the CEOs of large corporations (aka corporate oligarchs) tend to be pragmatic and short-sighted. They value having political power and influence to the point that they seem to care little about politicians’ ethics or actions on issues that don’t conflict with their corporate interests. They know their large corporations are dependent on the government for many things, e.g., approvals of mergers, government contracts, tax breaks and subsidies, and licenses to operate. And they know their corporations are affected by many other things government does, e.g., writing and enforcing regulations, tax laws, and export and import policies (e.g., tariffs). [1]

President Trump has been leveraging (generally illegally) these many interrelationships between the government and corporations to pressure CEOs to do what he wants them to do, to support his policies, and to support him personally (sometimes financially). CEOs know Trump is arbitrary, unpredictable, and vindictive. They know that if he is irritated by a company or its CEO that he will use the powers of the government in a punitive fashion against them. Therefore, they capitulate.

However, Trump and his anti-democratic, autocratic, and fascist behavior and administration are the culmination of decades of work by wealthy individuals and corporate CEOs (i.e., America’s oligarchs). They have been undermining democracy and skewing government policies and our economy in their favor for at least 45 years. They have quadrupled their political spending (after adjusting for inflation) over the last 40 years. [2] In the 2023-2024 federal election cycle, $5.3 billion was spent on the presidential race and $9.5 billion was spent on congressional races. The overwhelming majority of this money came from American oligarchs. One hundred billionaires alone spent $2.6 billion. The seven highest spending individuals spent $930 million, all for Republicans, with Elon Musk leading the way with $291 million in spending, almost exclusively for the Trump campaign.

In addition to spending on election campaigns, corporations are also spending over $4 billion a year lobbying the federal government. [3] Furthermore, they engage in an extensive “revolving door” cycle of personnel (tens of thousands of them) who move between government regulatory agencies and positions in corporations the agencies regulate. [4]

All of this is in the interest of skewing government policy to favor American oligarchs, i.e., wealthy individuals and their large corporations. They have been very successful; their return on investment has been extraordinary.

My next post will provide specific examples of their successes, along with the effects and implications of them.

In the meantime, please make plans to stand up for democracy and against the oligarchs. I hope you can participate in and/or support the No Kings protests on October 18 – and the many, many other smaller protests that are occurring daily. Thank you for all you are doing! Please keep up this great and important defense of democracy!

Find a No Kings October 18th event near you here.


[1]      Edelman, L., 9/23/25, “Why corporate leaders are appeasing Trump,” The Boston Globe

[2]      Reich, R., 9/26/25, “Why are we so polarized? Why is democracy in such peril?” Blog post (https://robertreich.substack.com/p/why-are-we-so-polarized)

[3]      Open Secrets, retrieved from the Internet 9/29/25, “Lobbying data summary,” (https://www.opensecrets.org/federal-lobbying/)

[4]      Open Secrets, retrieved from the Internet 9/29/25, “Revolving door overview,” (https://www.opensecrets.org/revolving-door/)

STRONG REGULATION NEEDED TO PROTECT US FROM META AND FACEBOOK

The harm that Facebook and other social media do to children and youth, our society and politics, and people and countries around the world is well documented. Clearly, the social media companies are far more committed to maximizing profits than they are to minimizing harm.

The harm that Facebook, Meta’s other platforms, and other social media do to children and youth, our society and politics, as well as to people and countries around the world, is well documented. The evidence continues to mount as new whistleblowers emerge and share inside information. Clearly, Meta (and other social media companies) are far more committed to maximizing profits than they are to minimizing harm.

SPECIAL NOTE: Please plan to participate in the next nationwide No Kings Day protest on Sat., Oct. 18. Find an event near you at https://www.mobilize.us/nokings/map/?tag_ids=27849.

(Note: If you find a post too long to read, please just skim the bolded portions. Thanks for reading my blog!)

(Note: Please follow me and get notices of my blog posts on Bluesky at: @jalippitt.bsky.social. Thanks!)

The harm that Facebook, Meta’s other platforms, and other social media do to children and youth is well documented, as this previous post covered. However, the harm to our society and politics, as well as to people and countries around the world, goes well beyond that and is long-standing. (See previous posts from 2022 and 2020 on Facebook’s knowing spread of divisive disinformation and right-wing content.) It’s clear that Meta and other social media companies are far more interested in maximizing profits than minimizing harm, such as avoiding spreading misinformation while fostering social division and conflict that sometimes lead to violence.

Meta has been in the news recently because more whistleblowers and former employees have come forward to report (again) that Meta CEO and owner Mark Zuckerberg and other senior Meta executives have repeatedly lied about the negative effects of their platforms and their knowledge of the harms caused for children, from spreading misinformation, and from fostering social division.

Coincidentally, I just finished reading a book about Facebook, Careless People: A cautionary tale of power, greed, and lost idealism, by Sarah Wynn-Williams, who worked at Facebook from 2011 – 2018. Perhaps her most poignant revelation is that “most leaders at Facebook … severely limit [their] kids’ access to screens, let alone social media accounts. … which only underscores how well these executives understand the real damage their product inflicts on young minds.” (p. 103-104)

Wynn-Williams reports on sexual harassment in the largely male world of Facebook, which senior management ignores (to say the least). She also documents Facebook’s role in:

  • The 2016 Trump campaign when Facebook staff were embedded at the campaign, which some people credit with Trump’s winning the election. (p. 264)
  • The violence and undermining of democracy in Myanmar from 2014 – 2017 due to Facebook’s failure to monitor and moderate content. This culminated in tens of thousands of deaths, untold atrocities, and the slaughter of Muslims and particularly the Rohingya people. The U.N. report on these human rights violations devotes over twenty pages to the role Facebook played in spreading hate. (p. 357-358)
  • Working with the Chinese government on censorship and surveillance to get it to allow Facebook in China. So desperate was Zuckerberg to get into the Chinese market that he gave the Chinese government access to user data that he had refused to give to other governments and that Facebook “aggressively fought against providing to the US government, even after receiving National Security Letters demanding it in specific cases.” (p. 311) Furthermore, Wynn-Williams notes that “Facebook has said [many things] are simply impossible when Congress and its own government have asked – on content, data sharing, privacy, censorship, and encryption – and yet its leadership are handing them all to China on a silver platter.” (p. 313) Facebook was very concerned about all of this leaking because “if it leaks we [Facebook] won’t be able to keep doing what we’re doing. … [it would] highlight differences in what we say to the public vs what we do.” (p. 313) When preparing Zuckerberg for congressional testimony about Facebook’s plans for China, Wynn-Williams reports that “No one suggests telling the truth … There seems to be no compunction about misleading Congress. Presumably because the team assumes they’ll never be caught …”. (p. 319)
  • Censoring content in Russia, Indonesia, Mexico, and South Korea at the request of senior government officials, largely solely at Zuckerberg’s discretion. (p. 158-164)
  • Selling advertisers on Facebook’s capabilities to target emotionally vulnerable teens while publicly denying that it was doing so. Advertisers know that people buy more when they are feeling insecure, “and it’s seen as an asset that Facebook knows when that is and can target ads.” (p. 334) While “this sort of ad targeting is commonplace at Facebook … it pretends the opposite: ‘We have opened an investigation to understand the process failure and improve our oversight.’” A follow up statement was “a flat-out lie: ‘Facebook does not offer tools to target people based on their emotional state.’” (p. 336-337)

Wynn-Williams documents that time and again Zuckerberg and other Meta senior executives lie about and distort what Meta is doing, the harm it’s causing, and their knowledge of the harm. They lie to the media and the public, they lie in congressional testimony, and they lie internally to their own employees. They also attack government officials and human rights groups that oppose the expansion or advocate regulation of Facebook and Meta’s other platforms. (p. 206-212) She also writes that “Facebook’s leadership could be utterly indifferent to the consequences of their decisions.”, hence the book’s title Careless People. (p. 307) In 2017, one of the findings of worldwide consumer focus groups was that “The idea that Facebook cares about people’s privacy is not believable anywhere.” (p. 315)

In response to the recent murder of Charlie Kirk, Utah Governor Spencer Cox made the point that social media is designed to amplify hate and division. They do this because social media companies know that this is the most effective way to maximize profits. Social media algorithms are designed to feed you stories that alarm and upset you because that results in your spending more time on the social media platform. [1]

I encourage you to contact your Representative and Senators in Congress and ask them to support strong regulation of the social media platforms to stop them from continuing to harm our children and youth, our society, and our politics and elections.

You can find contact information for your U.S. Representative at  http://www.house.gov/representatives/find/ and for your U.S. Senators at http://www.senate.gov/general/contact_information/senators_cfm.cfm.


[1]      Hubbell, R., 9/15/25, “Leaning into resistance during troubled times,” Today’s Edition Newsletter (https://roberthubbell.substack.com/p/leaning-into-resistance-during-troubled)

CHILDREN AREN’T SAFE ON META’S VIRTUAL REALITY PLATFORMS

The harm that Meta Platforms’ Facebook and virtual reality programs do to children and youth is well documented. The evidence continues to grow as new whistleblowers come forward and share inside information. Clearly, Meta is far more committed to its profits than it is to protecting children.

The harm that Meta Platforms’ social media platforms, including Facebook and virtual reality programs, do to children and youth is well documented. The evidence continues to grow as new whistleblowers come forward and share inside information. Clearly, Meta (and other social media platforms) are far more committed to their profits than they are to protecting children.

(Note: If you find a post too long to read, please just skim the bolded portions. Thanks for reading my blog!)

(Note: Please follow me and get notices of my blog posts on Bluesky at: @jalippitt.bsky.social. Thanks!)

It’s been far too long since I wrote about Meta Platforms and its subsidiaries. Meta’s Facebook and virtual reality platforms are harming children. The harm that Facebook and other social media do to children and youth is well documented. It is equally clear that Meta and other social media companies are far more interested in maximizing profits than protecting children.

Three years ago, I wrote a blog post calling for federal legislation to protect children on social media. No legislation has been passed in those three years and no significant federal legislation regulating social media has been passed since the 1998 Children’s Online Privacy Protection Act (COPPA). A lot has changed since 1998 and new federal legislation is sorely needed. In my September 2022 blog post, I called on Congress to pass two bills to protect children on social media. (Previous posts here and here document the harms to children and beyond of Facebook and other social media platforms, as well as ways to respond.)

The Kids Online Safety and Privacy Act (KOSA) (a combined version of the two previous bills) passed the Senate with a strong, bipartisan vote (91 – 3) in July 2024. Heavy lobbying, led by Mark Zuckerberg, Chairman, Chief Executive Officer, and controlling stockholder of Meta, blocked action on it in the House. By the way, Europe has done a much better job than the U.S. of protecting everyone’s privacy and well-being on social media, including that of children.

The social media platforms’ business model is to hook kids at an early age, feed them addictive content to keep them engaged, amass extensive personal information about them and their online behavior, and then use these data to sell very targeted, personalized, and effective advertising. This is very lucrative for the social media platforms, however, the content and marketing to kids often presents toxic content that harms kids’ well-being and mental health. [1]

Advocates for children, including Fairplay, filed a request in May for the Federal Trade Commission (FTC) to investigate Meta for violating children’s safety and privacy on its virtual reality platform Horizon Worlds. Children, including ones under 13, are at risk for sexual predation, financial harm, bullying, and harassment on Horizon Worlds. Meta knows this, but it fails to protect children while it captures their data, in violation of the Children’s Online Privacy Protection Act, to sell to advertisers and to make their platform as addictive as possible. The FTC complaint was supported by a sworn statement from Kelly Stonelake, the former director of marketing for Horizon Worlds at Meta.

Meta has been in the news this week because six whistleblowers and former employees have come forward to report (again) that Meta has been covering up and ignoring the harm they know their platforms are doing to children. The focus this week was on the virtual reality platforms that Meta offers. Current and former employees revealed that Meta is suppressing internal research on child and youth safety and is also turning a blind eye to children under 13 illegally using these platforms. Furthermore, Meta’s legal and communications teams work to communicate plausible deniable for its executives on company knowledge of negative effects on children. Zuckerberg and Meta have previously lied about the harmful effects of their platforms and their knowledge of those harmful effects on children. (Meta whistleblowers previously revealed similar misbehavior in congressional testimony in 2023 (Arturo Beja) and 2021 (Frances Haugen).)

Not surprisingly, therefore, the Kids Online Safety and Privacy Act (KOSA) is again being considered in the U.S. Senate (S.1748) and there’s also a push to pass it in the House: It would:

  • Provide privacy protections for children and youth,
    • Extend to 13 to 16-year-olds the prohibition on social media platforms capturing children’s personal information without their consent and require the platforms to delete any such information they collect if requested to do so,
    • Limit individually targeted advertising (referred to as surveillance advertising),
    • Require the social media platforms to put the interests of young people first,
  • Provide families with the tools and safeguards to protect children’s well-being and mental health,
  • Require transparency from the social media platforms about the data they are capturing and the algorithms they are using for promoting content and advertising, and
  • Establish accountability for harms caused by social media.

I encourage you to contact your Representative and Senators in Congress and ask them to support strong regulation of social media platforms to prevent them from harming our children and youth. Urge them to support the Kids Online Safety Act (KOSA, Senate bill 1748) and similar legislation in the House.

You can find contact information for your U.S. Representative at  http://www.house.gov/representatives/find/ and for your U.S. Senators at http://www.senate.gov/general/contact_information/senators_cfm.cfm.

SPECIAL NOTES:


[1]      Corbett, J., 7/27/22. “ ‘Critical’ online privacy protections for children advance to Senate floor,” Common Dreams (https://www.commondreams.org/news/2022/07/27/critical-online-privacy-protections-children-advance-senate-floor-vote)

THE PERVERSION OF CAPITALISM BY TRUMP

President Trump is perverting capitalism and the free market by asserting unprecedented influence over the private sector. His actions are not a coherent economic policy. They’re all about centralizing power and control. This is what fascism and oligarchy look like.

President Trump is perverting capitalism and the free market by asserting unprecedented influence over the private sector. His actions are not a coherent economic policy and make the U.S. economy look like China’s. They’re all about centralizing power and control, while undermining the rule of law and democracy. This is what fascism and oligarchy look like.

(Note: If you find a post too long to read, please just skim the bolded portions. Thanks for reading my blog!)

(Note: Please follow me and get notices of my blog posts on Bluesky at: @jalippitt.bsky.social. Thanks!)

President Trump is perverting capitalism and the free market by asserting unprecedented personal influence over and taking government ownership in private sector companies. His actions do not reflect a coherent economic policy. It is the power grabbing of a tyrant and bully who wants to control others and wants them to be subservient. Trump is using largely illegal financial (e.g., import tariffs and export fees), regulatory, and court-based actions to do this. He wants to influence the decisions of other countries and American businesses, including media corporations, financial institutions, law firms, and  universities. He wants countries and companies to come to him begging for exemptions from his actions and threats. [1] This is, of course, a breeding ground for corruption and bribery.

Nothing even approaching this level of government interference in the private sector has occurred since the emergency mobilization of the private sector for World War II. This government interference in private companies, which is a type of state-controlled capitalism, has until now always been anathema to Republicans and the business community. If any president prior to Trump had attempted any of this, Republicans, business executives, and the mainstream media would be screaming about it being socialism or communism. The actions by Trump are making the U.S. economy look like that of China, where the government owns a stake in companies or has considerable influence over their decision making. [2] [3] Or like Leninist capitalism where the Communist Party controlled the state’s ownership of businesses. [4]

This alignment of an authoritarian leader and a nominally capitalist economy is classic fascism. While Republicans and business executives are supportive or mute, the Wall Street Journal simply calls it inefficient. The business executives and other wealthy investors that facilitate and participate in Trump’s actions are the American oligarchy.

Examples of Trump’s actions include:

  • Allowed Nvidia and Advanced Micro Devices, makers of artificial intelligence (AI) computer chips, to export them to China on the condition that the companies pay the United States 15% of their profits. This poses risks to the U.S. AI industry and to U.S. national security (in part due to the chips’ use by the Chinese military). These payments are, for all intents and purposes, an export fee, which is unprecedented in U.S. history. Moreover, the Constitution explicitly bans export taxes (Article I, Section 9, Clause 5). [5]
  • Demanded that Intel’s CEO resign and then negotiated 10% government ownership of the company. This makes the U.S. government one of Intel’s largest shareholders. [6]
  • Proposed that the Defense Department take a 15% ownership stake in MP Materials, which mines minerals critical for chips and electronics.
  • Allowed Nippon Steel of Japan to take over U.S. Steel on condition that Nippon pay a “golden share” of the proceeds to the government and give Trump control over elements of corporate governance.
  • Reserved the right to personally direct some the $1.5 trillion in promised investments in the U.S. to be made by America’s trading partners as part of tariff negotiations.
  • Sued media corporations and negotiated approval of media corporation mergers to get money and influence over media content.

The government ownership in and influence over the private sector asserted by Trump has nothing to do with promoting the public interest, the well-being of American workers, or protecting national security. In fact, they undermine all these principles. They’re all about centralizing power and control in Trump’s hands as part of his efforts to undermine the rule of law and democracy. [7] Moreover, who holds the ownership stakes and who exercises the related rights is unclear.

Despite Trump’s bluster about being tough on China, his actions have been quite favorable to China. He has illegally extended the deadline for the sale of Chinese ownership of TikTok if it wants to do business in the U.S. He has shut down Radio Free Asia, which countered Chinese propaganda. He’s allowed the export of artificial intelligence computer chips to China, which was a key request from China in trade negotiations.

Please contact your members of Congress and ask them to assert their oversight of these deals Trump is making. Ask them to clarify who holds the ownership stakes, who is exercising ownership rights, and where the funds received are going. Ask them to ensure that the Trump administration’s economic policies and actions further the public interest, benefit workers, promote national security, and comport with the rule of law and democratic principles.

You can find contact information for your US Representative at  http://www.house.gov/representatives/find/ and for your US Senators at http://www.senate.gov/general/contact_information/senators_cfm.cfm.


[1]      Dayen, D., 8/11/25, “Tariffs to import and fees to export,” The American Prospect (https://prospect.org/blogs-and-newsletters/tap/2025-08-11-tariffs-to-import-fees-to-export-nvidia-chips-china/)

[2]      Reich, R., 8/12/25, “Trump’s ‘state capitalism’,” Blog post (https://robertreich.substack.com/p/trumps-state-capitalism)

[3]      Cox Richardson, H., 8/11/25, Letters from an American blog post, (https://heathercoxrichardson.substack.com/p/august-11-2025)

[4]      Meyerson, H., 8/18/25, “When l’etat c’est Trump, the U.S. goes in for state capitalism,” The American Prospect (https://prospect.org/economy/2025-08-18-when-letat-cest-trump-us-goes-in-for-state-capitalism/)

[5]      Dayen, D., 8/11/25, see above

[6]      Liedtke, M., & Kurtenbach, E., 8/20/25, “US vying to own a big stake in Intel,” The Boston Globe from the Associated Press

[7]      Reich, R., 8/12/25, see above