The alliance of Republican and Democratic oligarchs exposes the burlesque that characterized the old two-party system, where the ruling parties fought over what Sigmund Freud called the “narcissism of minor differences” but were united on all the major structural issues including massive defense spending, free trade deals, tax cuts for the wealthy and corporations, the endless wars, government surveillance, the money-saturated election process, neoliberalism, austerity, deindustrialization, militarized police and the world’s largest prison system. The liberal class, fearing autocracy, has thrown in its lot with the oligarchs, discrediting and rendering impotent the causes and issues it claims to champion. The bankruptcy of the liberal class is important, for it effectively turns liberal democratic values into the empty platitudes those who embrace autocracy condemn and despise.