OMNI
RULING CLASS ANTHOLOGY
#1
OCTOBER 27, 2026
Compiled by Dick
Bennett
What’s
at Stake: We must recognize that the US capitalist system
has been designed for the benefit of the ruling class, while the rest of us are
facing ever worsening conditions – unless we fight back. Kundnani.
CONTENTS
Arun Kundnani. “Behind the Affordability Crisis.” (Rev. of Grand Theft Capitalism by
John Bellamy Foster.)
Chris Hedges. “Epstein, the Russian Mob,
and Maxwell.”
Michael Bayly. “Marx and Class Struggle—Then
and Now.”
John Bellamy Foster. “The U.S. Ruling
Class and the Trump Regime.”
Helena Sheehan. “Marxism and Class.”
Caitlin Johnstone. “Capitalism Is a
Giant Scam.”
Mark Steven. “The Global Class War in
Five Novels.” (Discusses his new book
Class War: A Literary History.)
Caitlin Johnstone. “You’re Not
Deficient, You’re Just Ruled by Assholes.”
TEXTS
“Behind the Affordability Crisis.” Monthly Review Press October 2026 Newsletter. Monthly Review admin@monthlyreview.org Oct 26, 2026.
Dear
friends,
“3
Charts That Explain the Economy as Voters Head to the Polls,” ran a New York
Times headline last week. The first graph showed consumer prices increasing
last month at their fastest rate since May, while wage growth slowed. Trump’s
tariffs and the US war on Iran were blamed for causing an “affordability
challenge” of rising prices.
The
second graph presented a “solid, but stagnant” labor market with unemployment
low but few new jobs.
The
third graph indicated the growing proportion of overall business investment
tied to the AI boom – which, the Times argued, has helped to push the
stock market to new highs but also introduced the risk that a collapse of
confidence in AI’s future profitability could send the whole economy into
recession.
The
impression given is that, over the medium term, a rosy future is possible for
working-class Americans if technological innovation continues to generate new
growth opportunities; and that the current crisis of affordability is a
short-term problem of the last year or so, largely caused by Trump's policies.
Yet
as Fred Magdoff and John Bellamy Foster point out in their new book Grand Theft Capital: What Workers Should Know
About the Affordability Crisis, “The problem of working people being unable to afford a decent
existence is not a new one. It also didn’t happen overnight or by accident. It
developed over decades as a result of the considerable efforts of the wealthy
and corporations to become even wealthier – to accumulate ever more capital.”
That
story – of how the US ruling class has, since the 1970s, succeeded in taking an
increasing share of the country’s wealth, with all the consequent misery of
impoverishment and deprivation for millions of workers – rarely appears in the New
York Times but is told precisely and succinctly in Magdoff and Foster’s new book, published by Monthly Review Press.
As
the authors note, for decades, many on the US left, let alone more centrist
liberals, “abandoned the concept of a ruling class, dismissing it as dogmatic
or simplistic.” But to accurately explain the affordability crisis requires
recognizing that its main cause has been the ruling class acting as a class.
To
illustrate the point, Grand Theft Capital can offer its own three graphs, as an
alternative to the New York Times’s. Together, these make visible the
class war we have been living through: a capitalist offensive on workers, waged
through the withering of environmental and labor protections, the gutting of
publicly funded services, the buying of elected officials, the erosion of the
tax burden on corporations and the super-rich, and every attempt to suppress
organized labor – all of which is the actual source of the affordability
crisis.
The
first graph, showing how many times greater CEO compensation is compared to
workers in the same companies, gives us an instant picture of the scandalous
increase in class inequality since the 1970s. As Magdoff and Foster write: “In the 1980s it was considered that an income ratio of 10 or
12 to 1 for CEO compared to the average income in the company seemed ‘about
right’ to economists.” Now that ratio is estimated to average 344 to 1. Elon
Musk’s $45 billion pay package approved by Tesla stockholders in 2024
represents a 415,000 to 1 CEO-to-worker income ratio. “Capital’s war for
a larger piece of the economic pie has been spectacularly successful.”
Not
only have CEOs wildly increased their compensation, their class has also used
its political power to reduce their tax burden, as the second graph,
above, illustrates. Their lobbying for tax law changes has resulted in the
richest four hundred households now paying lower rates of taxes than those in
the poorest half. For the super-wealthy, the fair-taxation principle – that the
rich should pay a larger proportion of their income in tax – no longer applies.
Finally, the third graph depicts in a single line the long-term story of affordability. "Production and Non-Supervisory Workers" – a category that represents over 80 per cent of all workers – have seen their earnings, as a percentage of GDP, drop from around 30 per cent in the 1960s to around 20 per cent today – a loss of a third. “What is clear beyond dispute is that there has been a massive redistribution – money that would previously have gone to workers is now captured by those who are already affluent,” write Magdoff and Foster. Indeed, if the relative shares of various income levels had remained as they were in the early 1970s, the US working class would have received an estimated $47 trillion of extra income from then to 2018, funds which could have helped pay for food, housing, utilities, healthcare, transportation, connectivity, and education, while staying out of debt.
Watch a short video on the book
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This
month, people around the world have been on the streets to protest against a
system that denies the majority any possibility of living in dignity. In Spain,
the attempt to evict an 87-year-old woman from the Madrid apartment where she
had lived since 1953 brought tens of thousands to the streets demanding constraints on landlords. In India, many
thousands of supporters of the Cockroach Janata Party have marched in protest at rigged education
and voting systems. In France, close to a million people, led by high school
students, have taken to the streets to oppose cuts to public services; 8,000
people — 89 percent of them children — were arrested in a little over two weeks.
The
immediate causes in each case are varied but there is a common denominator to
these upsurges of protest: the recognition that the system has been designed
for the benefit of the ruling class, while the rest of us are facing ever
worsening conditions – unless we fight back.
As
Magdoff and Foster conclude: “One thing is certain: only a great
uprising from below … is capable of producing greater worker power to create a
much fairer and more equitable society.” We need to begin by constructing “some
counterweight to the nearly unlimited power of capital” before “transcending
the entire inequitable and destructive system of capitalism.”
Sincerely, Arun Kundnani, Editorial
Director
Monthly Review Press
Ruling Class
Corruption and Corporate Media Complicity.
Chris Hedges Report. “Epstein, the Russian Mob, & Maxwell.” 6-9-26.
Investigative
reporter Moe Tkacik’s dive into the Epstein Files exposes the liberal media’s
complicity in hiding the money-laundering, Ponzi schemes, and intelligence
crimes of the ruling class and federal law enforcement’s disinterest in holding
the powerful to account. Read here...
“Marx
and Class Struggle – Then and Now,” March 16, 2026 by Michael Bayly. (More by Marx
and Class Struggle – Then and Now) (Posted Mar 21, 2026). Ideology, Marxism, Philosophy, SocialismGlobalNewswire.
. . . if you strip away all the Cold War propaganda and the
cartoon versions people argue about online, what Marx actually did was pretty
simple. He looked at capitalism and asked a question that polite society tries
very hard not to ask.
Who is doing the work . . . and who is taking the
money?
Marx spent years studying factories, wages, production, and
economic crises. What he noticed was something workers had already felt in
their bones for generations. The people producing the wealth were not the
people controlling it. Workers built
the railroads. Workers mined the coal. Workers ran the machines. Workers
produced the goods. But the profits
accumulated somewhere else.
Marx called this exploitation, not as an insult, but as a
mechanical description of how the system worked. If a worker produces $200
worth of value in a day but is paid $80 in wages, the remaining value does not
disappear. It flows upward to owners, investors, and shareholders. That difference
is what Marx called surplus value.
And once you see that dynamic, you start noticing something else
Marx talked about constantly: class struggle. Not the cartoon version
where people run around waving red flags. The real one. The quiet daily
struggle over wages, rent, healthcare, working hours, unions, and who gets to
control the wealth society produces.
You can see it today just as clearly as Marx saw it in the
1800s. Workers told there is no money
for healthcare, but there is always money for war. Teachers told budgets are
tight while corporations receive tax breaks. Communities told to tighten their
belts while billionaires accumulate more wealth than entire countries. . . .
In the early 1900s, members of the Industrial Workers of the
World fought a series of free speech battles in Missoula, Montana. At
the time, local authorities and business interests were trying to shut down
labor organizing by banning public speaking on street corners. Workers
responded by deliberately violating the bans. One by one they stood on
soapboxes and spoke about wages, exploitation, and labor rights. Police arrested them by the dozens. When the jails filled up, more workers
arrived. Some were beaten. Some were
thrown in overcrowded cells. But the arrests only drew more attention to the
cause, and eventually the city backed down. The workers won the right to speak
publicly again. It was one of the
earliest free speech fights in the American West, and it came directly out of
the labor movement. That was class
struggle playing out in Montana.
For decades the Anaconda Copper Mining Company had so
much control over Montana’s politics that people joked the company owned
“everything but the cemeteries.” Newspapers, legislators, and policy often
moved in directions that protected corporate power while workers fought for
unions, wages, and safer conditions.
Fast forward to today and the pattern still looks
familiar. You see it in housing struggles in places like Missoula, Montana
where working people face rising rents while housing increasingly becomes an
investment vehicle for distant investors. You see it in fights over wages,
healthcare, and public services. You see it when politicians promise tax cuts
for the wealthy while teachers, nurses, and working families are told there
just is not enough money for the things communities need. Different century. Same conflict.
Marx did not invent those contradictions. He simply
pointed at them. And that is why more
than a century after his death people still argue about him. Because Marx
taught ordinary people to ask a dangerous question.
Who actually benefits from the way society is
organized?
Once people start asking that question, the conversation
changes. And that question has been haunting the powerful ever since.
“The U.S. Ruling Class and the Trump
Regime”
John Bellamy Foster (April 2, 2025)
John Bellamy Foster
revisits and critiques the contention that the U.S. capitalist class is not a
“governing” class, or indeed a class-conscious bloc in any sense. However, he
writes, the fact that the ruling-class oligarchy is now openly wielding power on
the national and international stages as part of the Trump regime shows that
the overwhelming political influence of the capitalist class is no longer in
dispute as this alignment pushes the country deeper into
neofascism. | more… Source
“Marxism & Class” by Helena Sheehan. Mronline.org (9-22-23).
The working class makes the world go round.
The working class should not be positioned as the most vulnerable in need of
help, but as those who labour and deserve a just distribution of the fruits of
their labour.
By Helena Sheehan (Posted Sep
21, 2023). MarxismCommentaryFeatured.
This is the text of a talk at
the conference of the Irish Labour History Society on September 17, 2023.
What does Marxism
bring to a conference on visions of labour and class? For me, this is connected to what Marxism
brings to everything: context, clarity, coherence, comprehensiveness.
“Capitalism is a Giant Scam” by Caitlin A. Johnstone (Posted Sep 21, 2023). (Listen to Johnstone
read her
article) .
Originally
published: Caitlin A Johnstone Blog on July 17, 2023 (more by Caitlin A Johnstone Blog).
Capitalism, InequalityGlobalNewswire.
…
I could
see that these guys and people like them were going to turn consumer ecological
responsibility into this trendy elite thing priced way out of range for normal
people, and that’s exactly what ended up happening. It wasn’t long before I saw
the arrival of eco chic and Whole Foods and Tesla and the rest of this whole
new luxury market designed to let rich people feel good about themselves while
the world burns and create the illusion that we can profiteer our way out of
our problems.
It was just such an in-your-face
illustration of the problem. Lectric Soda wasn’t improved in quality, didn’t
become harder to make or more difficult to obtain, the supply and demand
remained the same; the price was changed because the market would bear it. The
hidden hand of the market was not going to magically restore the product to its
“correct” value; the value of such products was going to be determined by the
narrative manipulations of entrepreneurs, consultants, con-artists, marketeers
and ad-men.
“Let the market decide” really means let
the manipulators decide, because the markets are dominated by those who excel
at manipulating. We’re taught that letting the market decide means letting
supply and demand take its natural course, as though we’re talking about ocean
tides or seasons or something, but in reality both supply and demand are
manipulated constantly with extreme aggression. Manipulating the supply of
diamonds. Manipulating the supply of housing. Manipulating the supply of oil.
Manipulating people into wanting things they’d never thought to want before
through advertising. Manipulating women into feeling bad about their bodies so
they’ll buy your beauty products. Manipulating people into paying $2000 for a
$20 bag using branding. Manipulating people into buying Listerine by inventing
the word “halitosis” and convincing them to be worried about it. Manipulating
people into believing Beanie Babies were prized collectors items when they were
just standard stuffed toys.
Capitalism gives us a civilization that
is dominated by trickery. Those who get to the top are those who succeed in
tricking as many people as possible. Tricking them into paying more. Tricking
them into buying your product and not someone else’s. Tricking people who
actually produce something of value into making you their middle man who gets
paid despite producing nothing. Tricking competitors into making the wrong
move. Tricking people into asking their doctor about your extremely lucrative
pharmaceutical product. Tricking people into buying or selling certain stocks
or cryptocurrencies or NFTs. Tricking people by using the legal system and your
team of lawyers who understand it better than normal people do. Tricking people
into letting you privatize their own drinking water and then selling it back to
them in bottles.
It’s a scam competition. Whoever scams
the best wins. How can you save the planet from destruction by human behavior
when all of human behavior is driven by a bizarre scam competition? And the
biggest scam of all is the narrative that this system is totally working and is
entirely sustainable. That’s the overarching scam holding all the other scams
together. . . .
MARK
STEVEN. “The Global Class War in Five Novels.” CounterPunch (June 2, 2023.) FacebookTwitterRedditEmail
Since class war first appeared in radical
thought during the final decades of the eighteenth century, it has continuously
evolved through an exchange of ideas between political activity and literary
narrative, reframing revolutionary action through military language. My new book, Class War: A Literary History, explores this fusion of politics and literature from the Haitian
Revolution through the Black Panthers. But what can be said of class war and
its purchase on the literature of revolution right now, in the historical
present?
Ours is an era into which the story of class
war is conveyed by literature, emerging from the revolutionary past into a
moment defined by the death of liberal progress and the proliferation of new
crises and new antagonisms. This sense of revolutionary inheritance belongs to
any number of contemporary works, but it is exemplified with powerful if
cartoonish acuity in Thomas Pynchon’s
immense, transhistorical epic, Against
the Day, which uses time
travellers from the future (our present, circa the book’s publication in 2006)
to rhyme today’s struggles with those at the beginning of the American century,
culminating in the Colorado Coalfield War, when dynamite-wielding frontier
workers faced off against the Robber Barons and their Pinkerton thugs.
But there is something distinctive about the
contemporary literature of class war, and how it revisits old conflicts in all
their national, regional, and cultural singularity. More so than in in previous
moments when heightened militancy met with literary efflorescence – from
England in the early nineteenth century through France during the Paris Commune
to Russia in the 1920s or China in the 1930s – today’s narratives of class war read their specific conflicts as
part of a struggle that is territorially grounded but also internationally
expansive. . . .
Holding to a similarly expanded perspective,
the following novels all affirm
world-spanning solidarities that cut across all geopolitical divides, and
which also understand class as a powerful undercurrent adjoined to the
differently prominent variables of age, gender, geography, race, and religion.
All the while, these novels remain, at their core, beholden to a vision of liberatory
combat against the exploiters and the expropriators.
China Miéville, Iron Council
This is the final book in China Miéville’s
Bas-Lag trilogy, three sprawling dark fantasy novels all set in what the author
describes as “an early industrial capitalist world of a fairly grubby, police
statey kind!” By the time I arrived at book three, I was already infatuated
with the unholy city at the heart of the trilogy, with its arcane geography and
its nightmare monstrosities, because Miéville’s language does so much to golem
the whole thing into feverish existence, with a vocabulary that feels as
overgrown and mutant as the city it describes. But this finale is also uniquely
captivating in its dramatization of militancy as enacted and experienced by
individual characters and the collectives they become. Across a fantastical
geography, here a diverse array of magically augmented anti-heroes stands
together against industrial expansion, imperial bloodletting, and an
increasingly fascist sense of nationhood. I cannot think of a better, more
glorious, more imaginative narrative about the meanings of obligations of class
solidarity in times of conflict. You will find yourself cheering along
during the great railroad mutiny, which reimagines the Railway Strike of 1877,
and will perhaps know genuine heartbreak when a world of revolt suddenly is
frozen out of time.
Rachel Kushner, The Flamethrowers
Rachel Kushner recontextualizes the
belligerence of Italian workers during the infamous Years of Lead. With an
intergenerational narrative that moves at the speed of a turbo-charged
motorcycle burning across salt flats, The
Flamethrowers ranges from the early years of European fascism, through
peripheral resource extraction in the jungles of Brazil, into the artworld of
1970s New York, and finally the streets Rome at a time of revolt. Its
protagonist – a young woman from Nevada – becomes a prism through which
refracts the modern world-system in a moment of transformative upheaval, as
well as gendered perspective from which to reemphasize the oppression of
working women both in the factory and the home. And in that electrifying moment
when protest erupts into riot, when the movement becomes an insurrection,
Kushner’s novel highlights the actions of oppressed women, now the agents of
revolution: “It was women throwing the firebombs now. Dress shops. A department
store. A lingerie boutique. Up the Corso they moved.”
C. A. Davids, How to Be a Revolutionary
How to Be a Revolutionary by C. A. Davids
takes its guidebook title from a list of useful skills its protagonist, Beth,
might learn from
her radical friend, Kay, a charismatic organizer who might teach
her “how to kiss a boy” as readily as “how to apply lessons learned from
Communist China to South Africa.” Focalized to these interpersonal dynamics,
this is an elegiac novel about the challenges of sustaining political
commitment against the tides of disillusionment: “After she was gone, nothing
could be thought of as normal, if there’d ever been such a thing. The sadness
never let up: waited beneath my eyelids, watched when I went to school, when I
spoke, breathed on my behalf.” Spending time in Shanghai during the Great Leap
Forward, Apartheid-era Cape Town, and the Harlem of Langston Hughes, this novel
explores international and intergenerational connections among aging
revolutionaries on three continents, all of whom long for a better world than
this one but who are all haunted by defeat. Steeped in left melancholia, this
is a narrative that finds its way forward via unflinching commitment to an
internationalism that demands acts of practical solidarity with comrades both
known and unknown, to those who have gone before and those who will come after.
R. F. Kuang, Babel
I teach literature at a university in the
southwest of England. The ongoing culture shock of doing this as a
working-class immigrant has fuelled in me a critical fascination with the
student subculture known as “dark academia,” which seems to be all about the
performance of reading old books, wearing cardigans, and leaning into autumnal
dreariness (and is, in Amelia Horgan’s characteristically sharp assessment, “a
response to marketization, in particular to the temporal stresses of the
neoliberal university”). R. F. Kuang’s tremendous alternate history, Babel, is
marketed as a work of dark academia, or at least that’s the impression its
cover design and publicity signal, but it is so much more than that. It is a
forceful, decolonial critique of the institutions of higher education and
literary attainment and of all their complicities in reproducing class
hierarchy and imperial power. At the same time, it combines that critique with
the historical actions of those who fought against such as system, from the
Luddites and the Chartists to the dispossessed and enslaved persons on the
peripheries of empire, in China and the Caribbean. As the novel thunders toward
its almighty, insurrectionary conclusion, the book’s subtitle becomes crucial
to knowing what it’s all really about: “Or the Necessity of Violence: An Arcane
History of the Oxford Translators’ Revolution.”
Kim Stanley Robinson, The Ministry for the
Future
If environmental crises are a profound
violence perpetrated against the global poor, a neoliberal holocaust of the
dispossessed, then literary fiction is correct to read climate change as
class war. In The Ministry for the Future, sci-fi legend Kim Stanley
Robinson uses an almost Melvillian sense of capaciousness to explore our collective
potential to end capitalist accumulation to save the biosphere. The narrative
refers to its diversity in tactics, from legislative reform through sabotage
and assassination, as “The War for the Earth,” and that war is framed as
emphatically and necessarily international, organically weaving hundreds of
local actions into a global tapestry upon which capitalism would cease to
remain viable. It is also a war waged by and on behalf of the global
underclass. The opening chapter, which is both devastating and catalytic, is a
gruesome depiction of a massive heat wave hitting India and killing millions.
What follows is a proliferation of both independent and interlocking actions,
each with local objectives but also wide-ranging and often symbolic appeal,
each geared toward the demolition of capitalist social relations so as to
ensure a liveable future for all. When asked if this novel is a work of “combat
literature,” which is Frantz Fanon’s term for writing composed under the force
of decolonial insurgency, Robinson suggested why such a literature might be
necessary, but also why it alone is not enough. “It’s going to be chaotic and
confusing,” he says, “and it’s going to last for as long as anyone alive is
still alive. We have to get used to it, and fight effectively. Combat
literature might help give us ideas or warn us of ramifications, but it’s the
actions in the world that will matter – laws, norms, behaviors.”
Mark Steven
is Senior Lecturer in Twentieth- and Twenty-first Century Literature at the
University of Exeter, UK. He is the author of Red Modernism: American Poetry
and the Spirit of Communism (2017) and Splatter Capital (2017). His
most recent book is: Class War: a Literary History.
“You’re not
deficient, you’re just ruled by assholes” by
Caitlin
A. Johnstone. Mronline.org (5-3-23).
Times are hard, and they’re getting harder, but we can turn
this thing around. Please be kind with yourself in the meantime. Originally published: Caitlin A Johnstone Blog on
April 30, 2023 (more by Caitlin A Johnstone Blog).
Culture, Health, Ideology, PhilosophyGlobalNewswire
. . . But even more
worthwhile than pointing out that a lot of your assumed mental health problems
have more to do with being surrounded by assholes is considering the
possibility that you are in fact ruled by
assholes. By tyrants who are making life needlessly difficult for ordinary
people while psychologically abusing them into thinking their situation is
normal and appropriate.
A popular socialist
YouTuber called Second Thought has a good new video out called “You’re Not Immune To Propaganda”
which examines the subject from a different angle than you might be used to.
Second Thought emphasises the mundane, everyday nature of propaganda in our
society as opposed to the shinier, better-known instances of its use like
the consent-manufacturing for the Iraq invasion; the way it manipulates our
understanding of who we are and what our values should be so that we will blame
our struggles on ourselves instead of the neoliberal systems of oppression that
are crushing people’s spirits throughout western civilization. . . .


