California’s Socialist Oligarchy, Part Two: Who They Are, How to Defeat Them

California’s policymakers have condemned Californians to endure contrived scarcity, unaffordability, and inconvenience in all of the basic necessities of life.

This is a crime, but it’s not a conspiracy. Rather, it is caused by a collection of powerful special interests whose political agendas align.

Left-wing Oligarchs

At the top of the pyramid are left-wing oligarchs, crony capitalists who want to protect their business interests. Whether it’s renewable energy, “connected” appliances, or homes built on those rare parcels of land that are entitled for development, California’s left-wing oligarchs benefit from artificial scarcity. But these direct beneficiaries are only a segment of California’s left-wing oligarchy.

The indirect financial benefits of artificial scarcity are even greater. As the prices of real estate assets ascend once again into bubble territory, as the earnings per share of public utilities swell on the strength of selling overpriced kilowatts, and as Silicon Valley firms see their stock values ascend into the stratosphere, wealthy individuals and investment funds, most assuredly including California’s public employee pension funds which manage over $800 billion in assets, see their portfolio values soar.

Which brings us to the final subcategory of left-wing oligarchs in California, the high-tech moguls of social media. These left-wing billionaires of Silicon Valley, along with their only slightly less well-heeled entertainment industry counterparts in Los Angeles, are the most influential opinion makers on earth. They shape values and behavior using tools that make the overwhelming mass propaganda breakthroughs achieved by radio in the 1930s appear as […] Read More