Anti-Trump protests in DC
The Tech Bros, the plutocrats, the billionaires etc who supported Trump are now experiencing buyer’s grief. They financed MAGA movement, they gave mainstream media and social media platform to Trump, they saved him from Prison. Trump won 2024 elections.
But this is what i wrote about Trump in earlier post.
“Trump may appear as a political candidate who his backers think they can manage and easily control. So all of Trump’s tantrums and demagogy doesn’t really bother the billionaires. Once Trump is in office, he will do their bidding as the billionaires think they own him lock, stock and barrel. Right? Not necessarily.”
“All the billionaire actors who’re supporting Trump for various reasons think they will be able to manage Trump. Trump is in fact considered to be an imbecile, a moron, an outrageous clown. Someone who can be made a puppet and used for variety of plutocratic goals. But this can turn out to be very bad, even dangerous miscalculation on part of American plutocrats.”
Now Trump has launched the greatest assault on existing trade system of the world with mindless tariffs. Trump has given various contradicting objectives for doing this which make no sense. The consequences of this trade policy will be creation of an ‘AUTARKY’ in America. Pay attention to this word. Trump regime says that it will bring back manufacturing in America. America should become self sufficient. Why should Americans buy goods manufactured in China, Bangladesh or rest of the world when they can build everything within America?
In this old post, i made comparison of Trump to Hitler’s economic policy which also created an ‘AUTARKY’ in Germany. This Autarky ended by severely hurting German capitalists who financed Hitler.
“At first, the German businesses were happy as Hitler gave them full state backing and massive orders to German heavy industry (for defense production). The profits of German industrialists rose handsomely while the labor unions were crushed and German plutocratic empires expanded. But then the war created an Autarky of strange kind (Geurin explains all this in his book). This ended up severally constraining German Businesses as they went under state control to support the War economy. And as tide of war turned, the fortunes of German plutocrats also became ruined.”
Trump is delusional. He thinks he controls the world and can bring all nations to their knees with economic aggression. And the nations of the world will grovel before Trump regime, begging for a “deal”. But instead, Trump will soon find out that other nations of the world have their independent policy and they can invoke retaliatory economic measures against America. In fact, China has already announced first round of retaliatory tariffs against America. Europe is contemplating a response strategy on similar lines.
In pursuit of his delusional plans, Trump has also put American companies at tremendous risk. The stock market meltdown is one indicator of losses of American corporations. Trump’s ‘AUTARKY’, if implemented, will ruin US economy as well as private industry of America. And we should note that madness of trade policy is just one of the many crazy things Trump is doing. There are plenty of other crazy policies as well - like DOGE’s attack on government institutions and dismantling of American civil services/bureaucracy that will cripple America. Like installing incompetent political cretins in Pentagon, HHS, DOJ and other critical institutions of America. Mindless policies like creating sovereign wealth funds & Crypto reserves. The crazy policies are too many to mention in all details.
Now billionaires are starting to reap the rewards of their bet of bringing Trump to power. The most visibly hit is Elon Musk, the defacto co-President whose Tesla corporation is getting ruined as people across the Atlantic are boycotting Tesla EVs. (even otherwise in terms of aesthetic, i don’t understand why anyone would wanna buy a Cybertruck). The Tesla stocks are crashing. But the damages are pretty much everywhere as the stock market rout is causing immense damage in Wall Street. A recession is now in the forecast.
As long as Trump will give tax cuts, deregulation and public contracts to his financiers - As long as Trump will dismantle regulations and regulatory agencies in service of his financiers - As long as Trump gives them power and wealth; it was all good. But now the plutocrats and oligarchs are realizing that Trump is insane and cannot be controlled. The ruin caused by Trump will far outweigh the tax cuts & other benefits of Trump. It’s a possibility that billionaires’ love affair with Trump may come to an end sooner rather than later.
If there’s some sanity in American elites. They would prefer restoring the status quo. Trump may be impeached and this time convicted and removed from office. If this doesn’t happen and Trump allowed to continue for 4 years, he will burn down everything.
Musical Coda
The Dead Zone (1983) opening theme