CORPORATISM WITH THE GLOVES OFF

15 01 2017

Last month, I went on so long on the question of “how did we get here?” that I didn’t have time to address my next two questions,“What is the nature of this “here?” we now find ourselves in?” and  “Can we/How do we change this “here” into a different, happier ‘here’?” I’m going to address that second question–the nature of our new environment–this month. I’m also going to examine just how much choice we really had about this change.

Trigger warning: I’m going to talk about “the big O” a lot in this post–no, not the anime series, not Oscar Robertson, not that “big O.” I’m going to talk about oligarchy.

Trump has made it abundantly clear that his show of sensitivity to the needs of disgruntled, formerly or still barely middle class white Americans, was a huckster’s trick to draw in the marks. His promise to “drain the swamp” was nothing more than campaign rhetoric, like Ms. Clinton’s claim to be against the Trans-Pacific Partnership she had spent so much time promoting as Secretary of State, or her alleged concern for the welfare of that same sorta-middle class that Mr. Trump was wooing. More on that later. Trump not only isn’t draining the swamp, he’s bringing in bigger, hungrier alligators. His initial cabinet selections, if they are confirmed, constitute the wealthiest Presidential cabinet ever assembled, most have clearly made their fortunes by squeezing the common people, and none show any signs of remorse for their ruthlessness.

For example, Wilbur Ross, who may be our next Secretary of Commerce, made a good bit of his 2.5 billion dollar fortune through corporate raiding–buying companies that were in trouble and putting them through bankruptcy, which involves shedding workers, lowering wages, and reneging on pension plans. He iced his money cake by making millions in the mortgage bubble that prefaced the financial crash of 2008, and was further enriched by the policies Wall Street’s friend, Barack Obama, put into practice, which bailed out the banks and left homeowners hung out to dry. In The Nation magazine, David Dayan comments on this Read the rest of this entry »

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