The System Is Rigged: Crony Capitalism, the Billionaire Class, and the America We Could Build

The System Is Rigged: Crony Capitalism, the Billionaire Class, and the America We Could Build

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Travis Jack Stevens
••10 min read
The System Is Rigged: Crony Capitalism, the Billionaire Class, and the America We Could Build

They want you to be afraid of the word socialism. They want you arguing about ideology while they pick your pocket.

The truth is simpler — and more infuriating. What we have in America today isn't free-market capitalism. It's crony capitalism: a system where billionaires and corporations write the rules, buy the politicians, and rig the game so they always win — and you always lose.

This isn't a left-wing talking point. It's documented fact. And it's time we named it.

The Working Class Is Carrying Everyone Else

In her landmark book The Sum of Us, economist Heather McGee documents what she calls the "drained pool" theory of American politics: when wealthy interests couldn't keep public resources for themselves alone, they drained them for everyone.

"Racism has a cost for everyone... When we underfund public schools, defund public transit, and gut social programs, we all lose — but we've been told to blame each other instead of the people pulling the strings." — Heather McGee, The Sum of Us

The billionaire class has spent decades convincing working-class Americans that their struggles are caused by immigrants, by minorities, by "welfare queens" — anyone but the corporate executives shipping their jobs overseas and the politicians taking their campaign checks.

McGee traveled the country and found the same story everywhere: communities that once had thriving public infrastructure — pools, libraries, parks, transit — that were systematically defunded when they became integrated. Rather than share prosperity, the powerful chose to destroy it.

"The zero-sum story of America is the story of how the wealthy few convinced the rest of us that we're each other's enemies — so we'd never notice who was really taking from us." — Heather McGee, The Sum of Us

That's the playbook. It's still being run today — on healthcare, on education, on housing, on climate. They'd rather burn it down than let everyone have a seat at the table.

Who Actually Writes the Laws?

By the numbers:

  • $4.1 billion spent on federal lobbying in 2023
  • CEO pay has grown 400x vs. average worker since 1978
  • The 2017 Trump tax cut added $1.9 trillion to the national debt — 83% went to the top 1%

The 2017 Tax Cuts and Jobs Act wasn't written by economists or policy experts. It was written by lobbyists for corporations and billionaires. It added $1.9 trillion to the national debt — debt that you and your children will pay — while delivering 83 cents of every dollar to the wealthiest 1%.

Senator Chris Coons voted against it. But he has taken millions from the same corporate donors who funded the politicians who passed it. Delaware deserves a senator who doesn't play both sides.

Trump's Crony Capitalism: The Billionaire Takeover

Let's be direct: what Donald Trump has built is not capitalism. It's a protection racket for the ultra-wealthy.

His cabinet is the wealthiest in American history. His tax policies transferred trillions to the donor class. His deregulation agenda gutted worker protections, environmental standards, and consumer safeguards — all while he told working Americans he was fighting for them.

Elon Musk received over $38 billion in federal contracts and subsidies while simultaneously advising the president on cutting government spending. That's not the free market. That's cronyism — and it's corruption by another name.

The fear of "socialism" is a distraction. The real threat to American freedom isn't government programs that help working families — it's a government that has been captured by billionaires who use it as a personal ATM.

A Different Way Is Possible

Japanese economist Kohei Saito, in his groundbreaking work Slow Down: The Degrowth Manifesto, argues that the obsession with endless GDP growth is itself the engine of inequality and ecological destruction.

"Capitalism requires endless growth — but the planet is finite. The pursuit of infinite growth on a finite planet is not an economic policy. It is a suicide pact." — Kohei Saito, Slow Down: The Degrowth Manifesto

Saito isn't calling for poverty or austerity. He's calling for a reorientation of our economy around human flourishing rather than shareholder returns. Shorter work weeks. Universal public services. Local food systems. Community ownership of essential resources.

This isn't radical. It's what most Americans actually want — they just haven't been given the language to demand it, because the billionaire class controls the language too.

The Billionaire Class Has Enough

In 2024, the world's billionaires added $2 trillion to their collective wealth — in a single year. Meanwhile, 60% of Americans couldn't cover a $1,000 emergency expense.

The top 1% now owns more wealth than the bottom 90% combined. That's not capitalism working as intended. That's capitalism being used as a weapon against the people it was supposed to serve.

Two Weeks Without Power in Gary, Indiana — and the Media Looks Away

As of this writing, residents of Gary, Indiana — a majority-Black city — have been without reliable electrical power for more than two weeks. Families are losing food. Elderly residents are in danger. People with medical equipment that requires electricity are at risk of dying.

Gary is not alone. Across the country, there are communities — disproportionately Black, Latino, Indigenous, and low-income — enduring prolonged power outages, contaminated water, crumbling infrastructure, and environmental hazards that receive little to no national media coverage. The cameras don't go there. The cable news anchors don't fly in. The politicians don't hold press conferences.

This is not an accident. It is the direct result of decades of deliberate disinvestment — the same "drained pool" dynamic Heather McGee documents in The Sum of Us. When the people suffering are mostly poor and mostly non-white, the crony capitalist system has decided their suffering is not newsworthy and their infrastructure is not worth funding.

The utility companies serving these communities are often the same corporations that spend millions lobbying against renewable energy mandates, against grid modernization requirements, and against consumer protection regulations. They extract profit from these communities while allowing the infrastructure to decay — and they face no accountability because the politicians who should regulate them are on their payroll.

Gary, Indiana deserves the same emergency response that would be mobilized instantly if this happened in a wealthy suburb. The zip code of the victim should not determine the urgency of the response.

As your U.S. Senator, I will fight for a federal infrastructure equity standard: no community — regardless of income, race, or political power — waits more than 72 hours for power restoration without triggering mandatory federal emergency assistance and a public accountability review of the utility involved.

A Tribute: The Human Cost of Climate Inaction

The catastrophic floods that have devastated Nepal and communities across South Asia are not natural disasters in the traditional sense. They are the accelerating consequence of a global economy built on fossil fuel extraction — an economy that has enriched a handful of corporations and nations while condemning billions of people to suffer the consequences.

The families who lost their homes, their livelihoods, and their loved ones in these floods did not cause this crisis. They are paying the price for decisions made in boardrooms and legislative chambers thousands of miles away — decisions driven by profit, not by the survival of our shared planet.

We honor the lives lost in Nepal and across the Global South to climate-driven disasters. Their deaths are not statistics. They are the human cost of crony capitalism's most catastrophic failure: the deliberate suppression of climate action to protect fossil fuel profits.

We will not forget them. And we will not stop fighting until the system that killed them is changed.

My 5-Point Senate Platform on Economic Justice

1. End the Billionaire Subsidy State. No more federal contracts, tax breaks, or regulatory carve-outs for corporations that offshore jobs, bust unions, or pay poverty wages. Every dollar of public money must serve the public.

2. Tax Wealth, Not Work. Restore the top marginal income tax rate to 70% on income over $10 million. Implement a 2% annual wealth tax on net worth above $50 million. Close the carried interest loophole permanently.

3. Rebuild the Public Commons. Universal pre-K, free community college, Medicare for All, and fully funded public transit. The drained pool gets refilled — for everyone.

4. Break Up Corporate Monopolies. Enforce antitrust law against Big Tech, Big Pharma, Big Agriculture, and Big Finance. Competition is the foundation of a real free market — not the oligopoly we have now.

5. Get Dark Money Out of Politics. Overturn Citizens United by constitutional amendment. Full public financing of federal elections. No senator should be for sale — and I never will be.

The Supreme Court Opened the Floodgates — and $646 Million Poured Through

A new report documented by Ground News confirms what many Americans have long suspected: corporate political spending has hit a record $646 million in 2026 — a direct consequence of the Supreme Court's Citizens United decision and the cascade of rulings that followed.

This is not abstract. This is the mechanism by which crony capitalism operates at the highest level of American democracy. Corporations do not donate $646 million because they believe in candidates. They donate $646 million because they expect a return on investment — in the form of tax cuts, deregulation, no-bid contracts, weakened antitrust enforcement, and the gutting of worker and environmental protections.

$646 million. That is not free speech. That is the purchase price of the United States Congress.

The Supreme Court — in Citizens United (2010), McCutcheon v. FEC (2014), and a string of subsequent rulings — systematically dismantled the campaign finance guardrails that generations of reformers fought to build. The Court's conservative majority, several of whom were confirmed through the very dark-money networks they later empowered, ruled that corporations are people and money is speech.

The result is a feedback loop of corruption: corporations fund campaigns → candidates win → those candidates appoint judges → those judges strike down campaign finance limits → corporations spend even more. The 2026 record of $646 million is not a scandal. It is the system working exactly as the Court designed it to work.

Senator Coons has accepted millions from corporate PACs and dark-money-aligned donors over his career. He has not introduced legislation to overturn Citizens United. He has not co-sponsored a constitutional amendment to restore campaign finance limits. His silence is not neutrality — it is complicity.

The only way to break this cycle is to elect senators who refuse corporate PAC money entirely — and who will fight for a constitutional amendment to restore the people's right to limit corporate spending in elections. I have taken zero Super PAC money. Zero corporate PAC money. That is not a talking point. That is the only way to be free to represent you.

The System Is Rigged. Let's Unrig It.

I'm running as a write-in candidate because the two-party system has failed working Delawareans. No Super PAC money. No corporate donors. Just you and me.

Write in Travis Jack Stevens for U.S. Senate — Delaware 2026.

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#crony capitalism#billionaire class#economic justice#Heather McGee#Kohei Saito#degrowth#wealth inequality#senate platform#climate change#Nepal
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Travis Jack Stevens

Travis Jack Stevens spent years as a travel ICU nurse and is a write-in candidate for U.S. Senate · Delaware.

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