Oligopoly capitalism: angry men, idiots, and fascism
Dear friends,
With the increase in Musky headlines, I cant help but offer a christmas posting on oligopoly capitalism. This, I argue, is the next phase in the torturous helltrip that is our contemporary political economy, particularly if we see that the USA is the blueprint for modern economies all around the globe — particularly in the margins as they control the status quo for trade and economics from their substantial imperial torment. What we are seeing in the USA, to be clear, is an undeniable turn to fascism, which I need to repeat some of here so people understand the full scale and gravity of what Trump and Musk, amongst billionaire cronies are bringing to their people [1, 2]:
» Gutting abortion access
» Mass deportations
» Abusing warrantless surveillance
» Unleashing force on protestors
» Severely limiting voting access
» Censoring critical discussions in classrooms
» Attacking trans people and regressing fought for rights
» Changes to government (as already seen) including making the president alone responsible for Judiciary and Military
» Complete cuts to climate change project funding, and the deregulation of coal and gas
» Deregulating big tech (as long as they bend the knee), banning access to “woke propaganda” (as defined by Trump, et al.)
» And many many more horrible details.
Make absolutely no mistake. Trump and Musk, as well as others who have ‘bent the knee’, as the internet has termed it, such as Zuckerberg (Meta/Facebook), Cook (Apple), Sarandos (Netflix), as well as a litany of others literally (soon to be) inducted into his government [3], are all supporters of this plan and each of these points. They are ardent defenders of human suffering. On a list of 1,000 billionaires, big tech CEOs, and other wannabe capitalists you would struggle to identify 1 who genuinely cared and acted towards human liberation. These people, the utterly worthless leeches on society, are the ones running the USA. Now, though, they are in direct control — rather than abstracted through lobbying.
This transformation, unfortunate mostly for the already marginalised US citizens directly impacted by this soon-to-arrive despotism, is not unique to the US. It is not even the beginning of capitalist meddling in government and decision making infrastructure. Lobbying, back-room deals, and boys clubs have been hallmarks of our “democracies” worldwide, with little real power ever handed to the citizens — unless they believe their best interests are served by deregulating billionaires (and there are many stupid enough to believe that). Reinforced through media hegemony, c.f. Murdoch, the status quo has always favoured those with ill-gotten wealth — no, not pirates, something far worse, the capitalist class. The wool pulled over the peoples collective eyes, however, was somewhat lifted by the emergence of analytical thought on the internet. But we can’t have that — it creates a crisis of capitalism. That crisis has led to the fall of democracy, even notionally.
This ‘modern oligarchy’ represents capitalism’s (forever) penultimate triumph in consolidating both economic and political power within an increasingly small circle of elites. As Gramsci theorised, hegemonic control requires both coercion and consent, and today’s oligarchs have mastered this dual approach through their ownership of cultural institutions, media empires, and increasingly, direct political offices. The billionaire class no longer operates through intermediaries but directly shapes policy and public discourse, from Murdoch’s media manipulation to Zuckerburg’s platform control. This concentration of power serves capital’s interests by ensuring that any potential challenge to accumulation can be quickly neutralised, whether through manufactured consent in the media or direct suppression through captured state institutions. The oligarchy’s control extends beyond traditional economic dominance into algorithmically-mediated social control, using ownership of digital platforms to shape discourse and prevent class consciousness from emerging.
Between these forces there is little room for human freedom. The billionaire class do not care about you. The billionaire class want you to die to build their hoards. They want you to suffer while you work. To keep you distracted and fighting your peers. They want all of us to be angry, dumb, and lashing out at each other. The same way the deranged farmer herds cows by the thousands to their cruel deaths, the billionaires have you in their trap — right where they want you. This violence, the same violence used on animals, the same violence used to enclose humans, the same violence used in colonial projects, that violence never goes. Rather, that violence remains a threat. If you don’t “look right”, “act right”, “speak right” — if you don’t comply, you are eradicated, removed and marginalised — and this is naturalised through conceptions of a Just World™.
The Just World theory, which posits that people get what they deserve and deserve what they get, serves as a powerful tool of hegemonic control by naturalising systemic violence and inequality as inevitable outcomes of individual choices rather than structural conditions. This ideology, deeply embedded in what Gramsci termed “common sense” (as opposed to critical “good sense”), allows privileged groups to rationalise their position while blaming the oppressed for their own suffering. Through this lens, poverty becomes a moral failing rather than a necessary feature of capitalist accumulation, racism becomes a matter of individual prejudice rather than systemic oppression, and billionaires’ wealth appears as earned reward rather than stolen labour value. The Just World fallacy works hand-in-hand with capitalist meritocracy myths to transform questions of structural power into matters of personal responsibility, effectively masking how privilege operates through intersecting systems of class, race, gender, and ability. By positioning success and failure as purely individual outcomes, this ideology helps maintain hegemonic control by preventing the development of class consciousness and solidarity among oppressed groups. We see this operating powerfully in contemporary discourse around everything from housing access to climate change, where systemic violence is reframed as natural consequence rather than deliberate policy choice. This framing is particularly insidious because it doesn't just justify privilege to the privileged — it often convinces the oppressed themselves to internalise responsibility for their own exploitation, transforming potential revolutionary energy into self-blame and preventing recognition of shared class interests. Remember when you were told growing up that “good things happen to good people”, yeah that was a load of shit to justify colonial capitalism’s deep violence. Violence ardently vanguarded by Musk, Trump, Cook, and countless others — and they don’t even pretend its not violent any more.
The “mask-off” nature of contemporary billionaires, particularly their direct assumption of state power, signals capitalism’s growing comfort with openly authoritarian governance. Where previous generations of capitalists maintained a facade of democratic legitimacy through professional political proxies, figures like Trump exemplify a new breed of oligarch-politician who openly flaunts their “wealth” while claiming to represent “the people”. This turn isn’t an aberration, it is another step in capital’s need for ever-greater control as contradictions intensify. The billionaire class increasingly drops any pretence of serving the public good, instead nakedly wielding power to protect their accumulation while the planet burns. Their assumption of direct political control shows both a faux confidence in their hegemonic position and fear of growing systemic instability. Insurrections which must be quelled to ensure they die “king of the hill”.
Today’s billionaire class has perfected the art of manufacturing division while posing as populist champions. Through sophisticated deployment of identity politics stripped of class analysis, they redirect legitimate working class grievances into tribal conflicts that prevent solidarity from emerging. Figures like Musk exemplify this strategy – playing the role of free speech warrior and anti-establishment rebel while actively working to fragment worker consciousness and prevent organised resistance. Their performative, often “bumbling”, personas mask sophisticated manipulation of media narratives and platform algorithms to keep workers fighting each other rather than recognising their shared class interests. This manufactured conflict serves capital by preventing the development of genuine class consciousness while providing cover for accelerating exploitation.
The cultivation of toxic masculinity, at this juncture, serves as another tool of capitalist hegemony, redirecting legitimate male alienation and economic precarity into reactionary politics rather than class consciousness. As traditional paths to masculine identity through stable employment and economic security become increasingly unavailable under late capitalism, oligarchs and their cultural apparatus actively channel male anger toward marginalised groups rather than systemic critique. Figures like Andrew Tate, Jordan Peterson, and various “manosphere” influencers — promoted heavily by Zuckerberg’s platform algorithms due to “engagement” — offer superficially appealing narratives that transform structural critiques of capitalism into individualised grievances against feminism, “wokeness”, and other manufactured enemies. And quite literally fomenting violence, from the streets where rape and murder of women continues to be a significant problem, to the internet where misogynistic comments and cyberbullying also claim lives. This process serves capital’s interests perfectly – rather than recognising their shared exploitation with other workers, angry men are encouraged to view feminist, LGBTQI+, and racial justice movements as threats to their “status” (not that they ever had any), effectively fracturing potential class solidarity. The billionaire class actively cultivates these reactionary masculine movements, understanding that redirecting male rage toward cultural grievances prevents it from developing into genuine anti-capitalist consciousness. Due to the deliberate echo-chambers run by Zucc which practically speaking are the only social media platforms on the web a self-reinforcing cycle emerges where any ‘legitimate’ male suffering under capitalism is rapidly transformed into support for precisely the system causing that suffering, with toxic masculinity serving as the perfect vehicle for maintaining hegemonic control while preventing class consciousness from emerging. Anger, its a hell of a drug.
As capitalism’s contradictions become increasingly difficult to manage through consent alone, we see its mask of democratic legitimacy falling away to reveal naked authoritarianism. Anger, denial, hate, fear and rage are harnessed here to keep the violence lateral, rather than systemic. Angry men as enforcers of Trump’s empty bullshit, weak men as the defenders of Musk’s exploitative, murderous and despotic plans, and so on. The system’s fundamental incompatibility with genuine democracy becomes impossible to conceal as climate collapse and inequality reach crisis levels — ‘crisis’ so deep that they can’t contain CEOs being murdered. Rather than risk genuine popular control that might interfere with accumulation, capital increasingly embraces fascist solutions to maintain power. This shift isn’t happening in traditionally authoritarian states but in the heart of “liberal democracies”, where capital abandons democratic pretences in favour of direct domination.
These developments are deeply interconnected: the oligarchy’s consolidation of power enables the billionaire class’s despotic turn, while their manipulation of popular consciousness provides cover for capitalism’s shift toward naked authoritarianism. The system’s inherent drive toward fascism emerges from its need to maintain accumulation in the face of mounting crises, with the billionaire class serving as both architects and beneficiaries of this transformation. Their success in redirecting popular anger away from systemic critique and toward manufactured enemies enables capital's increasingly open embrace of anti-democratic governance.
This is precisely why we need to continue fighting for democracy. From our workplaces, to our government decision-making. Because once we loose the pretence of democracy, we loose our rights. When dumb, angry men are dictators of our society, we will truly have arrived at the hell on earth the billionaires use their bible to warn us about (“scary socialists”) — only hell is their plan — hell for us, heaven for them.
Happy fucking christmas, “consume it all”,
Aidan.
[1] https://www.aclu.org/project-2025-explained
[2] https://www.bbc.com/news/articles/c977njnvq2do
[3] https://www.forbes.com/sites/saradorn/2024/12/22/the-billionaires-trumps-picked-for-next-administration-elon-musk-tilman-fertitta-and-more/
Copyright (C) CC-NC-SA, Aidan Cornelius-Bell.