Anti-capitalist hatred is diverted away from capitalism itself toward an imaginary cabal.

Evidence

Cast as distinct from the rest of supposedly healthy and decent capitalism, Jewish capitalism was a mythic structure, a bogeyman, with a familiar purpose: “Big business,” Leon wrote, “endeavored to divert and control the anti-capitalist hatred of the masses for its own exclusive profit.” Very much as the internationally networked Bannonite right rages at “globalists” to divert popular rage away from capitalism as a system and toward an imaginary cabal that can be cut out, leaving the structures that created and protect the global billionaire class intact. — Naomi Klein, Doppelganger, 957

Categorization

• XREF: This parallels the law-merchant/economist literature on how elites channel popular grievance, and connects directly to Klein’s diagonalism thesis linking conspiracy theory to capitalism’s defenders.
• DEFINE: Clarifies the strategic function of the ‘globalist’ chimera: a scapegoat that leaves capitalism’s structures untouched.