Canada

While the pace of disastrous change in the U.S. is dizzying, we should have seen it coming. Billionaires and anti-democratic libertarians have been building up to this for decades. Much of it stems from the most profitable enterprise in history: fossil fuels.

In a chapter on taxes in her book At a Loss for Words, former CBC journalist Carol Off details efforts going back to the 1960s by “dark money” forces led by fossil fuel industrialists to overturn regulations, especially environmental, and remove barriers to companies by having the U.S. Supreme Court rule that corporations have the same rights as people, among other measures. This has substantially widened the gap between rich and poor that had been shrinking since President Franklin Roosevelt’s 1930s New Deal. The richest one per cent now have more wealth than 95 per cent of the world’s population.

Referencing research by Democracy in Chains author Nancy MacLean, Off writes of “a small band of brothers” who in the 1970s created a “complete blueprint for a post-democracy world” that people in high places would put into play. The movement was sparked by political economist James Buchanan, a pro-segregationist who believed democracy and equality were incompatible with capitalism.