The Most Colossal Backfire in American Political History

 

November 11, 2026                                                         Home   Subscribe  Open in Browser

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New agenda priorities, data center wins, and the myth of capital flight

So what are the Dems going to go after first: affordability or accountability? That seems to be the media’s top question as Democrats prepare to assume majority control on Capitol Hill.    Rep. Jamie Raskin, the veteran lawmaker who’ll wield the House Judiciary Committee gavel come January, has delivered the best response yet. “When Marie Antoinette said ‘Let them eat cake,’ was that affordability or accountability?” Raskin asked at a recent forum. Back then just like now, Raskin noted, we had “government acting in the interest of a tiny group of people” and nobody able to “afford to buy their baguettes.” The Maryland congressman went on to draw parallels between the French queen of the 18th century and a certain presidential son-in-law of today. Thousands of people have lost their lives and we’re all paying way more for gas and diesel, Raskin pointed out, because Jared Kushner was too busy cutting business deals with Iran’s enemies to be a serious peace negotiator.  Let’s hope all new congressional leaders recognize the false dichotomy between affordability and accountability. To achieve any serious level of economic fairness, we’re going to need to root out oligarchy. Sarah Anderson for the Institute for Policy Studies Inequality.org team

GREED AT A GLANCE BOLD SOLUTIONS Don’t Fall for Corporate Tax Blackmail. If Taxes Rise, Firms Won’t Flee. Across party lines, most Americans believe that big corporations ought to be paying more in taxes. So why don’t corporations face stiffer tax bills? Because corporations spend huge sums to buy influence on Capitol Hill.  In the 2026 midterms, corporate political spending came to about $740 million, up 60 percent over the 2024 presidential election-year total. Come January, corporate lobbyists will be descending on a new Democratic-controlled Congress and threatening to exit the nation if lawmakers dare to raise their taxes.  But that threat, writes former corporate tax attorney Zorka Milin in a new commentary for Inequality.org, has zero evidence behind it. Tax hikes on corporations do not automatically drive businesses overseas and cost jobs.  “Businesses decide where to invest based on many factors, including access to customers, skilled workers, good infrastructure, and the rule of law. And these are precisely the things that taxes pay for,” writes Milin, now a co-director of FACT, the Financial Accountability and Corporate Transparency coalition. The AI explosion, Milin argues, makes campaigns to raise corporate tax rates even more essential. Workers facing potential job losses and lower wages need governments actively investing in education and training and a stronger safety net. But current tax rules let corporations hide AI profits in offshore tax havens.  Read more on how to end the global race to the corporate tax bottom below.  FAIR TAXES CHART OF THE WEEK Corporations spent lavishly in the 2026 elections, but campaign spending makes for just one source of corporate political power. Large low-wage employers also use their substantial lobbying might to advance their interests, often while turning a blind eye or opposing policies that would improve the lives of their workers. The Low-Wage 100 — the 100 S&P 500 corporations that pay their workers the least — have amassed a combined army of 1,282 registered federal lobbyists. Amazon alone boats 123. But the actual size of the corporate lobbying army runs much higher. Corporations don’t have to include in their disclosures in-house employees who spend less than 20 percent of their time lobbying, and nearly all these firms also belong to business associations that lobby on their behalf. Congress, meanwhile, hasn't raised the federal minimum wage since 2009. Median annual pay at the Low-Wage 100 ranges from just $22,733 to $53,296. DIVE DEEPER PETULANT PLUTOCRAT The Most Colossal Backfire in American Political History     This week’s dour deep pocket: Elon Musk, the two-time trillionaire who remains the world’s richest person, with a fortune currently hovering around $850 billion. What has Musk sour: The results from America’s 2026 midterm elections. Musk invested more on this year’s balloting, close to half a billion dollars, than any other previous deep-pocket donor has ever coughed up in a single election cycle.   The largest chunk of that campaign cash went into Texas, with over $210 million spent backing the notorious Ken Paxton, the Trump pick for the state’s up-for-grabs U.S. Senate seat. Musk coupled those millions with “brazen disinformation” about the “mental health and sexuality” of James Talarico, Paxton’s seminarian opponent, for the 241 million followers of Musk’s social media stream. “Talarico will vote to trans your kids,” read a Musk entry on his X account two days before the election. All for naught. Paxton lost in a landslide. Musk at first tried to joke his defeat away: “Guess my election-interfering space lasers didn’t work this time.” Then he switched to reposting racist grievances about minorities supplanting “Whites.” Those claims, observed Oligarch Watch, amounted to Musk’s explanation “for how Democrats managed to flip Georgia and Texas.” The last word: Musk’s machinations matter, notes Nation political analyst David Futrelle, because this “capricious, emotionally stunted man-baby mogul with incomprehensibly more power and money than he deserves” bases “most of his decisions on a mixture of strange whims and dark impulses.” Musk has made it “practically our small-d democratic duty to tax the sh** out of billionaires like him.”

INEQUALITY BY THE NUMBERS MUST READS

Robert Reich, The Best Victory Speech, Substack. Senator-elect James Talarico on the struggle against plutocracy: “The billionaires who own the social media algorithms, who own the cable news networks, who own the politicians fighting on our screens, they want us at each other’s throats...instead of looking up at them.”   Eric Blanc, Don’t Squander the Republican Rout, Labor Politics. A striking and novel feature of the 2026 election nationwide: the growing emphasis on corporate greed, billionaire power, and a rigged economic system. Not just affordability, but the fight against those making our lives unaffordable.   Brian Merchant, A generative election, Blood in the Machine. Three of the biggest losers in the midterm elections: data centers, AI, and tech oligarchs. Voters turned out angry and united. But their ballots only begin the struggle ahead.   Bob Lord and Sarah Christopherson, The Coming Democratic Party Battle On Taxing The Rich, The Lever. The midterms gave Democrats the power to tax billionaires. Their corporate wing may offer the donor class an escape route.   Lee Hepner, Anti-Monopolists Soared in the Midterms. You Can Help With What’s Next, BIG. Unlike earlier wave elections, this year’s wave seems to have been ideological: We have a new crop of winners with fundamentally different beliefs than the incumbents.   Brad Reed, ‘Obscene’: Billionaire Funders Allowed California Wealth Tax Foes to Outspend Proponents 250 to 1, Common Dreams. Filthy rich foes of the California wealth tax initiative collected over $379 million for their “no” effort. Proponents had just $35 million to spend.   Joseph Stiglitz, Extreme inequality is not a given. It is a political choice, and we can unmake it, Hanyoreh. A Nobel Prize-winning economist makes the case for creating an International Panel on Inequality, a global body — modeled on the Intergovernmental Panel on Climate Change — that would rigorously assess the drivers and consequences of the inequality we face.   Dean Baker, The Market Route for a Wealth Tax, Beat the Press. The price of overvalued AI stocks may be falling back to earth. Good news for the economy, bad news for many of our favorite billionaires.   David Dayen, Corporations Are Pretending to Reform Themselves, The American Prospect. Since the election, corporate chiefs — with the CVS CEO leading the way — have been trying to avoid regulatory crackdowns by claiming they can change their ways.   Mary Jacob, Billionaires can’t find parking for their megayachts — and developers are cashing in, New York Post. More than 6,000 vessels longer than 98 feet are now cruising the globe. Their owners are now lusting for the convenience of parking their boats next to the finest of luxury residences.

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Inequality.org | www.inequality.org | inequality@ips-dc.org Institute for Policy Studies 1301 Connecticut Avenue Ste 600 Washington, DC 20036 United States  Managing Editor: Chris Mills Rodrigo Co-Editors: Sarah Anderson, Chuck Collins, Bella DeVaan, Reyanna James, and Sam Pizzigati

 

“The Great Reset”. The World Is Falling Apart But the Show Must Go On…

Outstanding analysis by Peter Koenig

PETER KOENIG NOV 11 ∙ GUEST POST

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This article by Peter Koenig was first published by Global Research in 2024. You can read it here.

“Hell is empty and all the devils are here.” ―William Shakespeare, The Tempest

It’s a 21st century Tempest:

“Let’s ensure that the devils go down to where they rightfully belong.” (M.Ch)

Below was the timely report by Radio Canada (in French) referring to Davos24 with a title intent upon reassuring its readers:

Translation:

“‘The Great Reset’ is not a Conspiracy to Control the World

“This initiative of the World Economic Forum to Rethink the Post-Epidemic Economy is the Object of an Important Disinformation Campaign”

—Michel Chossudovsky, Substack, November 9, 2026

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Introduction: Davos24. The WEF Agenda

As these lines go to print, some 3000 invited guests will flock to the 54^thAnnual Meeting of the World Economic Forum (WEF) in Davos, from 15 to 19 January. Some 60+ heads of state and many “dignitaries” – most without dignity – wannabe leaders of one kind or another, corporate CEOs, are expected.

It is a meeting of a globalist cartel of unelected “leaders”, who give themselves the right to attempt deciding the future of the world.

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They include, of course, bankers and the financial elite – foremost BlackRock, also a key sponsor and financier of the WEF.

This globalist cabal will, like every year, clog the airports of Zurich, Geneva, and Basle, with their private jets.

Like military worldwide, they are way beyond the “climate change” fraud agenda they impose on the common plebs.

Some of the heads of state invited by Klaus Schwab, the eternal [former] Chairman and CEO of the WEF, might be considered de facto murderers.

As Volodymyr Zelenskyy, who this year [2024] is making a physical appearance in Davos, is traveling with a high caliber security detail, his critiques are being murdered at home. 

As reported by RT (12 January 2024) and confirmed by the US State Department, Chilean-US journalist Gonzalo Lira was tortured to death in a Ukraine prison. See this.

President Zelenskyy is also responsible for sending tens of thousands of Ukrainian soldiers to their death in an unwinnable war against Russia – for which Russia has offered multiple times peace negotiations, Zelenskyy refused on the order of NATO and Western leaders.

Other WEF attendees, like Isaac Herzog, President of Israel, stands behind the horrendous genocide Israel is inflicting on Palestine; Antony Blinken, US Secretary of State, sitting in for President Biden, as well as Ursula von der Leyen, unelected President European Council (EC) and member of the WEF’s Board of Trustees – might they also fall into the category of de factomurderers for their relentless encouraging Israel to continue the merciless genocide on Gaza, already expanded to the West Bank and Southern Lebanon; as well as cheering on Zelenskyy with countless billions of dollars and an arsenal of sophisticated American and European weaponry to continue the atrocious war in Ukraine?

[Image: Ursula von der Leyen and Volodymyr Zelenskyy]

Bill Gates, the vaxx king and insect food promoter, farm-killer and foremost and outspoken eugenist, as well as WHO’s Director-General Dr. Tedros Adhanom Ghebreyesus, might they fit the criteria of “triggering depopulation.”

[Image: Bill Gates and Tedros Ghebreyesus]

The WEF’s 2024 Motto: Rebuilding Trust

With this kind of noble ilk, Davos 2024 is off to a good start.

Not for nothing, this year’s motto is “Rebuilding Trust”. Are you effing kidding? “Rebuilding trust”, that says it all. Something is changing. The WEF is realizing that more and more people – including high-level executives – have lost and are increasingly losing trust in this corrupt dystopian, rules-based, One-World-wannabe Order.

Other indications that trust in the system is quickly losing ground around the world can be seen from a recent Telegraph article, according to which U.K.Defense Secretary Grant Shaps is planning recruiting women for military service, to make up for the ever diminishing mail recruits.

Young people no longer trust their governments, and less so their war policies. It is just a question of time, when women too decline to do war service for the government. Maybe the time is here already. See this.

One certain solution for peace and harmony in the world would be ALL people refusing serving in the military. No military around the world, and the system would fall flat.

The WEF could pack up, and Davos could regain its illustrious reputation of a swell tourist location in the eastern Alps of Switzerland.

The Globalist Dream

Be sure, WEF and Co., your globalist dream of a One World Order and One World Government, and One Health Order will not happen. It is a joke.

[Image: Klaus Schwab]

Dear Mr. Schwab, how are you gonna “rebuild trust” with the same corrupt agenda and the same corrupt elitists? You have not changed one iota from the Great Reset’s and UN Agenda’s 2030 – primary goals of drastic population reduction, euthanizing large swaths of people, in whatever way possible, and full digitization of the remaining humanity, to the point where your Israeli Professor and Brother-in-Crime, Yuval Noah Hariri, asks in no uncertain terms:

What to do with the useless eaters, once robots and Artificial Intelligences (AI) will have taken over?

The answer is clear.

Be Sure, It Has Nothing to Do with Building Trust

Indeed, things are a-changing. And perhaps in unpredictable ways. Since we are not living in a linear world and the vast majority of humanity does not want a digitized world with digitally-controlled, digitized humanoids. Take note – people are waking up.

Davos24: 100+ Behind Closed Doors Sessions

The WEF’s traditional and official agenda for Davos24, of Trade, Climate Change, AI / digitization does not inspire trust, especially not for the awakened ones. And many of the 3000-plus elite guests are increasingly aware of the rapid awakening within the populace at large.

Indeed, a conscience shift is taking hold throughout the world. Maybe the elite come in these record numbers to Davos24, to see what the WEF has to offer as alternatives to maintain the status quo as long as possible.

In addition to the official agenda, really the key of the WEF agenda, are the 100-plus secret close-door sessions for by-invitation-only guests.

In these sessions, the psychopaths, or Übermenschen hovering above humanity, led by Schwab, will discuss how to control, tyrannize, reduce, and robotize the world population – and the best and fastest way to deprive them of their hard-earned resources and how quickest transferring these resources to a small corporate and private elite.

These secret topics, will most likely include methodologies on how to impose on society new fear factors – after the covid, lockdown and vaxx fraud is gradually but speedily coming to light and ebbing off.

To get the maximum out of fear-mongering and mind manipulation of the population at large, the WEF might have invited experts from Tavistock, the British institute for social engineering of the collective and individual minds.

Special items of discussions may include, as priorities:

• how to assure that the new US President – elections in November 2024, IF they take place – will play along, Biden-style;

• implementation of the yet to be defined new disease “X” which will be multiple times deadlier than covid;

• how to manipulate the Pandemic Treaty and the new International Health Regulations (IHR) through the World Health Assembly (WHA) in May 2024, to make WHO effectively the tyrant and dictator of a One Health Order (OHO), leading up to a One World Government;

• next dimensions of AI, robotization, digitization and the blanket imposition of Digital ID and how to link them to individual bank accounts, and / or Central Bank Digital Currency (CBDC) – imposition at once, or gradually, in the hope of halting a revolution; and

A Polygon Cyberattack May also be on the Agenda for 2024

After all, We the People, were recently warned by the Barack and Michelle Obama-produced Netflix movie, “Leave the World Behind” – depicting a cyber-attack by an unknown enemy, attempting to leave the people in awe and fear of what might be coming.

Also it is worth noting that in 2021:

“the WEF conducted a simulation of Cyber Attacks involving a scenario of Paralysis of the Power Supply, Communications, Transportation, The Internet.

“Klaus Schwab intimated in no uncertain terms based on the simulation that a cyber-attack:

“Could bring a complete halt to the power supply, transportation, hospital services, our society as a whole …

The COVID-19 crisis would be seen in this respect as a small disturbance in comparison to a major cyberattack.” (emphasis added)

NO FEAR, Please – is of the Order

We, the People, must become cognizant of the fact that the Western world is run by a money-driven cult, a death cult, or a diabolical cult.

Hard to believe but true.

What we have been experiencing during the last several decades are attacks on human dignity, emotions, by warnings causing fear and obedience. These are typical rituals Cults must follow, to be successful in their diabolical actions.

If we pay no attention, especially do not fall for the fear-factor, and do not hate them for what they are doing, we are safe. They want us to hate them, because hatred emits the same low emotional vibes they use for their atrocities. If we emit similar signals, they have us under control.

Being indifferent to them, or even loving them, monsters they are – according to the maxim, they don’t know what they are doing – is a must for ascending from the darkness of their control into the light, where We the People, eventually become free, autonomous and sovereign beings, ready to create a new society, a new civilization.

We must not ever succumb to their control, lest they drive us to the graveyard, or at best, to their slave-yard. NEVER must we allow that.

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Peter Koenig is a geopolitical analyst and a former Senior Economist at the World Bank and the World Health Organization (WHO), where he worked for over 30 years around the world. He is the author of Implosion – An Economic Thriller about War, Environmental Destruction and Corporate Greed; and co-author of Cynthia McKinney’s book “When China Sneezes: From the Coronavirus Lockdown to the Global Politico-Economic Crisis” (Clarity Press – November 1, 2020).

Peter is a Research Associate of the Centre for Research on Globalization (CRG). He is also a non-resident Senior Fellow of the Chongyang Institute of Renmin University, Beijing.

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A guest post by Peter Koenig Economist by profession; Working with water - geopolitical analyst by dedication; Writer for non-mainstream media; Philosopher - convinced love will set us free. Subscribe to Peter

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