"For decades, Michael Steinhardt displayed a rapacious appetite for plundered artifacts without concern for the legality of his actions, the legitimacy of the pieces he bought and sold, the grievous cultural damage he wrought across the globe," thundered Manhattan District Attorney Cyrus Vance Jr. this week.
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| Michael Steinhardt |
Whereupon the outgoing Democratic prosecutor promptly forgave the billionaire raptor, dropping a four-year criminal investigation in exchange for the octogenarian promising to stay out of the criminal antiquities racket for the rest of his life. He didn't even have to pay the usual sweetheart tax deduction of a fine that criminal oligarchs commonly use to buy their way out of accountability on the relatively rare occasions that they do get charged.
Steinhardt is doubly protected, though, always having had the protection racket known as the Duoply on his side. What the corporate media are not reporting about this sordid case is that it was largely Steinhardt's hedge fund money that forged the Democratic Party's hard right turn in the late 1980s with the founding of the Democratic Leadership Council. A major financier of Bill Clinton's campaign for the presidency. Steinhardt naturally was named the very first chairman of the DLC, as well as heading its inaptly named think tank, the Progressive Policy Institute.
Oh, and he also was one of the chief architects of Clinton's notorious pardon of fugitive financier Marc Rich.
So, like any oligarchic raptor worth his salt, Steinhardt is not only proclaiming his innocence, he is playing the victim card this week. The New York Times (which dutifully ignored Steinhardt's arguably worse crime of transforming the Democratic Party into the rapacious corporate entity that it is today) reported:
In a statement on Monday, his lawyer, Andrew J. Levander, said: “Mr. Steinhardt is pleased that the District Attorney’s yearslong investigation has concluded without any charges, and that items wrongfully taken by others will be returned to their native countries. Many of the dealers from whom Mr. Steinhardt bought these items made specific representations as to the dealers’ lawful title to the items, and to their alleged provenance. To the extent these representations were false, Mr. Steinhardt has reserved his rights to seek recompense from the dealers involved.”
Good luck suing af least a few of the mobsters he trafficked with, because they are not as lucky as Steinhardt and unlike him, were convicted on the thefts and are sitting in Italian jails.
Vance, who had once declined to prosecute Harvey Weinstein even after a police sting operation captured his predatory behavior on tape, and who gave the Trump children a pass for allegedly defrauding investors after they donated to his campaign, made a valiant effort to explain why he is now protecting Steinhardt from accountability:
In explaining the agreement not to prosecute so long as Mr. Steinhardt abides by all its terms, Mr. Vance said the arrangement would allow for the items to be “returned expeditiously to their rightful owners” rather than being held as evidence. It would also help his office to “shield the identity of the many witnesses here and abroad whose names would be released at any trial.”
Translation: any criminal trial would open up a whole can of writhing plutocratic worms complicit in Steinhardt's antiquities-trafficking racket. It's the same logic now being used in the Ghislaine Maxwell sex trafficking trial, where prosecutors have abruptly announced that they will be resting their case at the end of the week - before, apparently, the names of any VIP enablers/clients/blackmail targets can get dragged through the mud. It's called going through the motions in a futile attempt to prove that Lady Justice is blind.
Steinhardt himself must know what a travesty his own case is. He actually railed against the Obama administration's own kid glove treatment of Wall Street predators after the meltdown of 2008. As Reuters reported at the time,
“What we really needed a long time ago was a recognition that there were villains apace. The evils of the financial system should have been recognized long before this,” said Steinhardt, who no longer manages billions of dollars but whose counsel is sought on Wall Street and among select politicians.
Steinhardt seems to have been practicing the fine art of projecting his own venality onto others. Even while preaching deficit-hawk austerity for the masses for upwards of three decades, he had been a known trafficker in stolen relics. This activity was not just pursued for the years that Vance acknowledged in his press conference, but during the entire time frame this Wall Street "luminary" was advising, donating to, and influencing politicians from both factions of the Uniparty.
As the Times reported in its article on the agreement with Vance's office, way back 1995 a stolen golden bowl dating from 450 B.C. was seized from his home and returned to Italy, with similar confiscations and protestations of innocence and ignorance on Steinhardt's part sporadically continuing ever since.
And there was never any accountability. Only one year before the golden bowl incident, Steinhardt was then-President Bill Clinton's honored guest at a gala DLC Christmas holiday dinner. From the official transcript of Clinton's remarks:
Hillary and I are delighted to be here. I was so glad when Michael Steinhardt and Al From and Will Marshall came up on the stage. I thought we were occupying the right wing all by ourselves here tonight. [Laughter] I want to—it'll get funnier as you think about it.
The bellies of the assorted plutocrats in attendance must have been shaking like a million golden bowls full of jelly. They were stuffing themselves with the stewed viscera of the working class and poor that the DLC (now known as New Democrats or "moderate" Centrists) have been preparing for the ultra-rich gourmands ever since, right along with their fellow chefs from the GOP.
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| Reward of Cruelty (William Hogarth) |
In that speech, Clinton made no secret of his party's new right wing bona fides, and he also made no secret that the mass punishment of struggling people was rooted in the cult of elite rapacity. Neoliberal capitalism was, and is, an ideology. The looting, accompanied as it was by cynical calls for diversity and tolerance, was what they thought they could they could get away with. It was always about pitting "hard-working" folks against hordes of alleged loafers. The fostering of resentment kept the citizenry in line by redirecting their ire against each other and at one or another of the permitted two parties, or what Upton Sinclair described as the two right wings of one bird of prey.
With Steinhardt no doubt beaming in approval on the stage back in 1994, Clinton delivered exactly the kind of divide and conquer stemwinder of a speech that his owners paid him to deliver. He co-opted race as a flimsy means to differentiate the two parties, using buzzwords to disguise the fact that his own reactionary policies - like welfare destruction - were both racist and sexist to their very cores.
Well, we did a lot of things that they didn't like very much, especially after it got explained to them, as we say at home. I think I was right when I opposed discrimination and intolerance, but a lot of folks thought I was just more concerned about minorities than the problems for the majority.
And,
We believe the promise of America is equal opportunity, not equal outcomes. The Democratic Party's fundamental mission is to expand opportunity, not Government. America must remain energetically engaged in the world, not retreat from it. The United States must maintain a strong and capable defense. The right way to rebuild America's economic security is to invest in our people and to expand trade, not to restrict it. We believe in preventing crime and punishing criminals, not explaining away their behavior. The purpose of social welfare is to bring the poor into the economic mainstream, not to maintain them in dependence. Government should respect individual liberty and stay out of our private lives and personal decisions. We believe in the moral and cultural values most Americans share, individual responsibility, tolerance, work, faith, and family. We believe American citizenship entails responsibilities as well as rights. And we mean to ask our citizens to give something back to their communities and their country.
Fast forward nearly thirty years, and Joe Biden - himself one of the original founding members of the DLC - is hosting an eerily similar "democratic" global leadership conference. The main difference is that this one is directed by a predatory superpower at the rest of the world
This is the same Clintonesque administration which insists that "we" cannot afford to send cheap Covid testing kits to every household in America, but which will willingly spend a trillion dollars a year on weapons and hardware to surveil, harm, and kill people all over the globe. It is this endless violence that enables predators like Michael Steinhardt to reap the rewards of the systemic, institutionalized rapacity that calls itself the United States of America.
Underground "tomb raiders" are not so underground anymore. They are operating right out in the open for all to see, if only we still had eyes. They're counting on everybody either fighting one another in the divide and conquer culture wars manufactured at the very top, or simply donning our Melania Trump couture and trying to ignore the depravity of the ruling class, as we struggle to survive for yet another day.
