Marxism Incorporated

HOW MARXISM TODAY IS A WHOLLY-OWNED SUBSIDIARY OF BIG MONEY

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First of Two Parts

MUCH CELEBRATION has taken place in recent days of the May 5th, 2018 200th birthday of Communism advocate and theorist Karl Marx. Typical of the press this occasion has received is this article by Olivia Goldhill at Quartz magazine.

WHO owns Quartz?

Laurene Powell Jobs, one of the richest capitalists on the planet. In July 2017 her curiously-named Emerson Collective bought The Atlantic and its digital properties, one of which is Quartz. Ms. Jobs apparently doesn’t see Marxism as any kind of threat to her well-sheltered wealth, or to herself. (Quartz in fact recently published another Goldhill-penned tome joking about Marx’s co-optation by capitalists.)

In 2018 the espousal of Marxism comes chiefly from plutocrats– and from hugely-rich centers of power and influence like Harvard. I previously examined here Marxist intellectual journals The Baffler and Current Affairs, the former owned by a billionaire; the latter founded by Harvard student Nathan J. Robinson, son of an international corporate trainer. Olivia Goldhill, coincidentally, is herself a Harvard grad.

So what’s actually happening?

WHAT MIGHT BE HAPPENING is that Monopoly Capitalism seeks to set the current hierarchy rigidly in place. This would explain much, as I’ll discuss in a future post.

WHAT MIGHT BE HAPPENING is a Shigalovian strategy, as outlined in Fyodor Dostoevsky’s novel The Possessed. A Ten Percent class of enlightened socialist overlords (Harvard grads?) managing the rest of the human herd for the good of all.

WHAT MIGHT BE HAPPENING is that Laurene Powell Jobs and Company see Marxism as a way to channel dissent, directing it toward ideas and programs amenable to the maintenance of Global Capitalism.

Or: Marxism today is a scam.
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NEXT: The Goldhill Essay Itself.

-Karl Wenclas

The Money in Media

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The richest people in America are spending enormous amounts of money in buying and developing news and information media.

For one example, look at Quartz magazine. Ever hear of it? I hadn’t, until recently. Here’s their staff list:

Meet the Staff

Scroll all the way down. This is an amazing amount of high-paid talent for a little known media outlet. (By comparison, the New Pop Lit staff is two people, who both work other jobs.) Someone is making a huge investment in the Quartz project. But who?

Quartz is owned by Atlantic Media, whose flagship publication is The Atlantic, but which also publishes National Journal, Defense One, and other brands. Atlantic Media is owned by David G. Bradley, who recently sold a majority stake in The Atlantic to the Emerson Collective, which is owned by Laurene Powell Jobs, widow of Apple founder Steve Jobs.

The Emerson Collective’s chief message is pro-immigration and pro-global economy. Which is unsurprising, given that the Apple fortune was built via the global economy; i.e., low wage sweatshops in China. Like a lot of U.S. tech companies, Apple also depends and has depended on a steady influx of immigrant employees.

Laurene Jobs net worth is $19.7 billion, according to a recent estimate. Without low-wage labor, would this amount be lower? Would Apple have made slightly less profit– but perhaps protected or created more jobs for American workers?

The point is that billionaires like Laurene Jobs and David G. Bradley are controlling the media message– via publications like Quartz, The Atlantic, and a panoply of other well-funded outlets.