Biden’s bailout will not alter the structural inequities and other fundamental underpinnings of America’s death spiral.
By Chris Hedges and cross-posted from Scheer Post.
The established ruling elites know there is a crisis. They agreed, at least temporarily, to throw money at it with the $1.9 trillion Covid-19 bill known as American Rescue Plan (ARP). But the ARP will not alter the structural inequities, either by raising the minimum wage to $15.00 an hour or imposing taxes and regulations on corporations or the billionaire class that saw its wealth increase by a staggering $1.1 trillion since the start of the pandemic. The health system will remain privatized, meaning the insurance and pharmaceutical corporations will reap a windfall of tens of billions of dollars with the ARP, and this when they are already making record profits. The endless wars in the Middle East, and the bloated military budget that funds them, will remain sacrosanct. Wall Street and the predatory global speculators that profit from the massive levels of debt peonage imposed on an underpaid working class and loot the U.S. Treasury in our casino capitalism will continue to funnel money upwards into the hands of a tiny, oligarchic cabal. There will be no campaign finance reform to end our system of legalized bribery. The giant tech monopolies will remain intact. The fossil fuel companies will continue to ravage the ecosystem. The militarized police, censorship imposed by digital media platforms, vast prison system, harsher and harsher laws aimed at curbing domestic terrorism and dissent and wholesale government surveillance will be, as they were before, the primary instruments of state control.
This act will, at best, provide a momentary respite from the country’s death spiral, sending out one time checks of $1,400 to 280 million Americans, extending $300 weekly unemployment benefits until the end of August and distributing $3,600 through a tax credit for children under the age of 6 and $3,000 per child ages 6 to 17 starting on July 1. Much of this money will be instantly gobbled up by landlords, lenders, medical providers and credit card companies. The act does, to its credit, bail out some 1 million unionized workers poised to lose their pensions and hands $31.2 billion in aid to Native communities, some of the poorest in the nation.
But what happens to the majority of Americans who get government support for only a few months? What are they supposed to do when the checks stop arriving at the end of the year? Will the federal government orchestrate another massive relief package? I doubt it. We will be back where we started.
By refusing to address the root causes of America’s rot, by failing to pump life back into the democratic institutions that once gave the citizen a voice, however limited, and make incremental and piecemeal reform possible, by not addressing the severe economic and social inequality and dislocation that afflicts at least half the country, the anomie and ruptured social bonds that gave rise to a demagogue like Donald Trump will expand. The American empire will not staunch its disintegration. The political deformities will metastasize.
When the next demagogue appears, and the Republican Party has banked its future on Trump or his doppelgänger, he or she will probably be competent. The Republican Party in 43 states has proposed 250 laws to limit mail, early in-person and Election Day voting and mandate stricter ID requirements, as well as reduce the hours at voting sites and the numbers of voting locations potentially disenfranchising tens of millions of voters. The party has no intention of playing by the rules. Once back in power, cloaked in the ideological garb of Christian fascism, the new or the old Trump will abolish what little is left of democratic space.
The established elites pretend that Trump was a freakish anomaly. They naively believe they can make Trump and his most vociferous supporters disappear by banishing them from social media. The ancien régime, will, they assert, return with the decorum of its imperial presidency, respect for procedural norms, elaborately choreographed elections and fealty to neoliberal and imperial policies.
But what the established ruling elites have yet to grasp, despite the narrow electoral victory Joe Biden had over Trump and the storming of the capital on January 6 by an enraged mob, is that the credibility of the old order is dead. The Trump era, if not Trump himself, is the future. The ruling elites, embodied by Biden and the Democratic Party and the polite wing of the Republican Party represented by Jeb Bush and Mitt Romney, is headed for the dustbin of history…