Unapologetic lifetime NYC liberal
- Dec 11, 2020
- Reaction score
- Political Leaning
The contrast between the tiny number of winners in the kleptocratic economy and the immense number of losers—not just the workers of Warren but the shareholders of PrivatBank and the taxpayers of Ukraine—is so stark that the persistence of this system now constitutes one of the most important modern political mysteries: Why doesn’t the U.S., instead of abetting the elaborate arrangements, exert its leverage to help change the rules and eradicate the system? Part of the answer is obvious. Powerful people benefit from it, and they are intent on keeping it in place. Senator Sheldon Whitehouse of Rhode Island has long campaigned against the prevailing disorder, emphasizing that the same shell companies used to hide money from taxation can also be used to hide political donations. He told me last year that “the interests who make money off of these schemes fight back quite hard, often through traditional lobbying groups.” Michel writes that Kolomoisky himself reportedly sought to preserve his empire by winning influence in the Trump administration, among other things by offering “dirt” on Joe and Hunter Biden, some of which was passed to Trump’s personal lawyer Rudy Giuliani.