The Socialist Program Musk Spends $300 Million On Midterms: How Plutocrats Rule America
Oct 14, 2026
Richard Wolff, Marxian economist, author, and Democracy at Work co-founder, joins a discussion on Elon Musk’s $300 million political spending and the billionaire money flooding U.S. midterms. They explore plutocratic control, corporate blackmail, public anger without an organized movement, suppression of socialist candidates, French youth protests, and the unraveling of U.S. global dominance.
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Midterm Spending Surpasses Presidential Election Costs
- The projected $11.6 billion cost of the 2026 midterms exceeds spending on the 2024 presidential election.
- This reversal signals that congressional control has become an increasingly expensive battle over national policy and budgets.
Billionaires Buy Influence Beyond Campaign Ads
- Richard Wolff argues that billionaire election spending gives wealthy individuals vastly greater political influence than ordinary voters.
- He predicts expensive lawyers will challenge results, creating confusion that obscures accountability and fuels public anger.
Parties Manipulate Ballots And Opponents
- Democratic officials used ballot challenges to remove socialist candidates from Georgia, Pennsylvania, and Ohio in 2024.
- In Ohio, Republicans allegedly funded caricatured messages promoting socialist Greg Levy to divert votes from a Democrat.
