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American Capitalism Is Already Abysmal — Trump Is About to Make It a Lot Worse


#1

American Capitalism Is Already Abysmal — Trump Is About to Make It a Lot Worse

Jake Johnson

Matt Yglesias wrote in September of last year that "we are currently living through the best of times." In a similar vein, Ezra Klein has argued that critics of the American economy, left and right, have a bad habit of exaggerating for political effect.

"Things are not really, really bad," he opined, chiding Donald Trump for his grim portrayal of a nation in decline.


#3

If you are still a Capitalist you have not being attention. Many people are starting to clue in however and this worries those in power.

They need more deflection and so have recreated the Russian and Chinese boogeymen.

The current hearings over "Russia having hacked the elections" is the fascist reaction to a rapidly declining economy. They need the people to blame the terrorists, blame the immigrants , blame the Russians , blame the Chinese , but never ever blame the Capitalists.


#4

This is another disappointing article from Jake Johnson. So what that his education and ability to articulate are demonstrated? We've heard it all before. This just seems to take up space. Jake, I am still hoping you will become useful in identifying and promoting specific actions for the future. These summations of what is are getting old.


#5

One way to end monstrous wealth inequality is to democratize money.

Online Direct Democracy.


#6

In your scenario Trump is the anti fascist.


#7

They are all Fascists , their only struggle being which fascist will run things.


#8

: "income skyrocketed at the top of the income distribution, rising 121
percent for the top 10 percent, 205 percent for the top 1 percent, and
636 percent for the top 0.001 percent."

You failed to mention the lowest class that represents 25% of the world's slaves.


#9

"Almost all of the economic gains in the last several decades, has gone to the very top". Which political parties have been in power during the past several decades? That's right! Democrats and Republicans. What does this tell us? It tells us that on this past November 8th, 120 million Americans voted to continue having almost all of the economic gains go to those at the top. If you are reading this, and you voted for Donnie or Blondie, you in essence, voted to make life better for the top 1%. Thanks a lot. Not! Stop being a part of the problem. If you continue to be politically apathetic to the point of voting 'lesser evil' every four years, you might as well not vote at all. I apologize for being upset and eager to point blame. I am just a cynical old man losing hope in my fellow man for being so stupid for not seeing the simple cause and effect of your mindless actions. I have real trouble believing 120 million people voted for the two most flawed, most hated, and most corrupt candidates in the history of this country. Shame on all of you.


#10

What has happened, in a nutshell: The US shut down/shipped out a huge chunk of our jobs since the 1980s, ended actual welfare aid in the 1990s, creating an abundant surplus of job-ready people who are absolutely desperate for any job at any wage -- grateful for the chance to replace you for less than you are paid. After all, there's nothing to fall back on. We maintain our race to the bottom. The poor lack the money and means to organize and push back, and workers aren't going to risk losing their jobs.

Meanwhile, years of work went into splitting the proverbial masses apart by class and race, pitting us against each other.

Understand that the US itself is an economic entity, and every aspect of our lives is determined by economic/class status. Today, we are witnessing the continued implementation of fascism (by definition) in the US. We've been rolling it out since the 1980s, from the bottom up. People pointed it out, and were scolded as being "melodramatic" and divisive -- especially divisive because they dared to point out the role played by the Clinton faction.

Now what? We don't know. We don't know how extreme things will get, much less what people (which people?) can do anything about it. There will be no sounding of cannons, no overt implementation of the fascist military state, though things will worsen, and many more will go under. I assume we will adjust, as we've been doing since the Reagan Revolution was begun (ah, you didn't know it was still ongoing? Well, that's another discussion.)


#11

Think of the US economy more like a siphoning tube. The bottom of the tank was already drained dry. What money remains in the tube is still being pulled upward, and that will run dry as well. This will mark the collapse of the US.

Trump isn't going to impose an abrupt, violent military takeover. He's simply bringing in the next phase of a plan that was put into motion with the Reagan Revolution. It began at the bottom, draining out the poor, and is now at the doorstep of the middle class.

I believe the correct word for what we face/can no longer ignore is "fascism" -- implemented slowly, from the bottom up. Consider that we've already stripped the poor of a list of fundamental civil and human rights, meeting the definition of fascism. Now it's at our doorstep, and what will we do? What can we do? Well, for as long as we're still fortunate enough, we'll "get up every morning, work hard, and play by all the rules." Just like Big Bill ordered. We will do this because we have no choice. It's about survival. We can't risk losing our jobs because there's nothing to fall back on.


#12

Let's see capitalism for all the ugly inhumanity that it is: this is Trump's one silver lining. It makes the target all the more easier to spot in the crosshairs. Capitalism is not, never was, and never will be "benevolent" to the vast majority of human beings on the planet.

Kill the beast.


#13

Great Song. Shall we shave his orange hair to look for the mark?


#14

“Capitalism tries for a delicate balance: It attempts to work things out so that everyone gets just enough stuff to keep them from getting violent and trying to take other people’s stuff.”
---- George Carlin


#15

Only the left is equipped to mount a sufficiently inspiring, coherent, and organized response, utilizing both direct action and a far-reaching agenda; corporate centrism will not do.

In his independent essays/blogs Johnson is superb in his interpretation of the modus mundi of at least the US and its perceiving to be "number one" in everything that defines the "first world", however I think Johnson is missing something about the "left" in the US. There is no left in the US. There are certainly groups of people that lean in the direction of what a large part of the population might reasonably define as leftist, as followers of cohesively political groups. True populist leftist parties such as "Podemis" in Spain are unlikely to appear in the US.