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Barack Obama

The Ownership Wars: Who Owns You

Barack Obama is presented less as a fully developed individual character than as a political symbol in the book’s account of the crisis of American democracy. As the first Black president, he represents an attempted restoration of political stability and democratic credibility; in the narrator’s interpretation, his failure helped prepare the transition from conventional elite management to the openly plutocratic politics embodied by Donald Trump.

Identity and Political Function

Barack Obama’s defining identity in the text is that of the first Black president of the United States. That fact gives him exceptional symbolic importance: he is treated as the figure expected to reconcile a fractured political system with its democratic ideals. His significance therefore lies not in personal biography or private action, which the evidence does not develop, but in the institutional role assigned to him within the book’s larger narrative of legitimacy, elite power, and political breakdown.

The book contrasts Obama with Donald Trump through their relation to the Old World Order. Hillary Clinton is described as part of the political elite that serves that order, whereas Trump is characterized as an actual member of it. Obama occupies the preceding stage in this sequence. He was supposed to restore confidence in the existing democratic arrangement, but the text declares that he failed to do so. Clinton is consequently framed as an attempted continuation of Obama rather than as a new solution: “Obama the Sequel” was, in this account, never going to work.

Failure and the Rise of Populism

Obama’s alleged failure functions as the hinge between two political eras. Before it, the Ownership Class could rely on political figures who operated as buffers between the elite and the public. After it, the book claims, the Old World Order began experimenting with populism and even considering whether democracy should be abandoned in favor of outright plutocracy. Obama thus marks the exhaustion of a legitimizing strategy rather than the arrival of a successful political settlement.

The text does not identify a single policy, decision, or event as the cause of Obama’s failure. Instead, it gives the failure a systemic meaning. The problem is presented as the inability of a representative political figure to restore democratic credibility while the underlying power of the Ownership Class remains intact. Obama’s symbolic achievement could not, in the narrator’s view, resolve the deeper conflict between democratic language and concentrated economic power.

Contrast with Donald Trump

Obama’s place in the narrative becomes clearer through the book’s contrast between him and Donald Trump. Trump is described as a multibillionaire, a member of the 1 percent, and a beneficiary of inherited wealth, while Obama is presented as the figure who was expected to preserve political stability through democratic representation. The contrast is not simply personal. It dramatizes a movement from indirect elite rule, mediated by political institutions, to a form of populism that openly elevates a wealthy oligarch as the supposed enemy of the elite.

The book treats Trump’s presence in the White House as evidence that the system has crossed this threshold. Americans are said to distrust government while placing greater faith in markets and capitalist billionaires; under that logic, the public would be surrendering power to figures such as Donald Trump. Obama’s failure therefore has a narrative consequence beyond his own presidency: it is used to explain why a society that still speaks in the language of democracy could accept a leader identified so directly with the Ownership Class.

Ideological and Historical Context

Obama also appears within the book’s broader argument about capitalism and political power. The text describes the initial form of capitalism associated with the British Empire as predatory and claims that the emergence of a middle class helped shield the elite from unified opposition by creating social groups that aspired to elite status and defended the existing order. Against this background, Obama is not portrayed as standing outside the system, nor is he assigned a detailed ideological program. He functions as the representative solution offered by the system when legitimacy is endangered.

The book’s historical framework places modern political conflict alongside the American Civil War and the struggle between Union culture and Confederate culture. Abraham Lincoln is praised as the president most closely identified with positive liberty because he used State power to defeat the Confederacy and abolish slavery. Obama is not given a comparable transformative role. Instead, the text suggests that a later leader would be needed to confront the right wing as a continuing ideological Confederacy. Obama’s failure consequently prepares the demand for a more decisive, Lincoln-like intervention.

Narrative Role and Limits of the Portrayal

As a character, Barack Obama is defined by absence as much as by presence. The evidence provides no sustained scenes, dialogue, personal relationships, or interior perspective. He is recalled as a public officeholder whose symbolic promise was judged against the political system’s inability to regain stability. His characterization is therefore functional and allegorical: he is the failed restorer who precedes the populist rupture.

The book’s treatment relies on strong historical and ideological analogies. Donald Trump is equated with a return of Confederate rule, while the struggle against the contemporary right wing is cast as a second Civil War requiring a new Lincoln. Obama’s role in this mythology is the unsuccessful prelude to that imagined conflict. The comparison gives his presidency a place in a sweeping historical pattern, but it also reduces the complexity of his administration to a single interpretive function: the failure of democratic repair and the opening of the path toward explicit plutocracy.