If Democrats want to keep the blue wave going into 2028, they have to take on the billionaire class

Welcome back to How We Win, a Guardian opinion series with leading thinkers, offering bold ideas for America’s political future. Last week, Judd Legum shined a spotlight on the role of dark money in US elections. Today’s edition was written by Naomi Klein, Guardian US columnist and author of End Times Fascism: And the Fight for the Living World, co-written with Astra Taylor.

To see the battle lines of the post-midterm era in sharp relief, look to Texas.

The oligarchs in this battle seem to have no loyalty to the nations, states and cities that helped them grow their enormous wealth.

We cannot let the billionaire class take unprecedented risks with our future

America is a divided country in crisis. Despite the sunny economic forecast coming from the Trump administration, millions of Americans are struggling to find and keep jobs, getting crushed under the rising cost of living, and losing health insurance when they need it the most.

Meanwhile, via corporate consolidation and political corruption, the billionaire class is getting richer faster than ever before: a 40% increase in wealth in just the last two years. Today, the combined wealth of nearly 3,000 global billionaires equals one-fifth of the entire world’s yearly output. Nearly 1,000 billionaires live and do business in the United States.