Trump Was A Warning To Plutocracy. Warren Is What Is Really Needed!


EINOs: Elite In Name Only. This is the entire problem. No more than 10,000 people decide of the fate of the USA, the West, Civilization, eight billion people, and even the fate of the biosphere. 10,000 have captured the planet. Who are these experts in heist? Who are these gods? Mostly a self-nominated elite. OK, not all from the same place: after all, Putin was nominated by the KGB, and Xi Jinping is the son of Xi Zhongxun, nominated by the Politburo.

Yet certainly China’s elite became part of global plutocracy. Here is an example: corrupt armies ransacked Congo for rare earths enabling China to make phones for Apple, which “optimized” its own taxes into quasi-nothingness, by a combination of Caribbean tax havens and an EU-illegal deal with Ireland.   

It is this global plutocracy which rules the world. It talks one way… precisely to be able to act the opposite. Biden is the centerfold of this, even more than the transparent Obama, and the blatant Clinton. In the 1990s, time and time again, Biden fostered the plutocratic coup against civilization, the crux being the destruction of the Banking Act of 1933, thus giving free reins to the world financial plutocracy.

All is tied up: Obama fostered a fracking rampage thus the US produces twice more fossil fuels than Russia or Saudis, poisoning Earth… But 1% of US CO2 is from US subsidized private jets.

Only one way out: as the Roman Republic did. Put an ABSOLUTE limit on wealth. As Warren suggests to do (de facto). Warren’s revolution can defeat Trump’s revolt.

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The preceding commented on the New York Times Joe Biden and the Party of Davos

As a pillar of the ancien régime, Biden is ill-placed to overturn Trump’s revolution, opined Roger Cohen in the New York Times.

My, my, my… How the Times they are changing. Just a little while ago, Trump was reviled, and not hating him, a grave moral failure, let alone a revolution. Calling Biden and the revered Obama ancien régime was a sin. Biden was arguably the most prominent engineer of plutocratic legislative installment in the 1990s: he reversed women rights, instituted mass imprisonment, demolished the Banking Act of 1933. [1]

 

Obama: “Can you believe those idiots? They really think we are not on the same side! I just smile, and they believe me!” Trump:”yeah, well, we better give those losers a bit of slack!”

Truth is Trump is not that bad, especially considering what the ancien régime has done, and not done. The US unemployment rate just reached (May 2019) a 50 years’ low. Trump brought tariff on 200 billion dollars worth of Chinese goods to 25%. Seeing those facts, global plutocracy screams high treason. I say: why doesn’t the European Union not do the same? Because it’s neither European, nor an Union?

Cohen goes on:

“Is Donald Trump an aberration? If he is, Joe Biden is the perfect Democratic candidate to defeat him next year, the steady hand that can restore decency, steer a middle course between Wall Street and Main Street, and reinvigorate the shaken liberal democratic order.

I don’t think Trump is an aberration. On the contrary, he’s the face, however duplicitous, of a revolution against the Party of Davos, the network of elites whose economic and cultural prescriptions came to be seen by myriad voters across the United States and Europe as camouflage for a self-serving heist. Biden has been a regular attendee at Davos.”

The present economic expansion is the longest ever. Trump has argued with the Fed about letting the economy run; the Fed has argued it “wants to take the punchbowl away”. The Fed is clearly wrong in a globalized economy… Now, of course, Trump has been de-globalizing more than a bit… As needed…Now here is Cohen going on with more of what I have been saying for a few years. Actually I said it, years before Obama enraged Trump enough, and made him realize anybody could become president, as long as they lied big enough, deep enough, and frequently enough, that Trump decided to run for president. As I pointed out in August 2016:

USA As A Police State

Many rage against Donald Trump, while singing the praises of Obama. They overlook that the Donald duck is what the Obama cat dragged home.”

Therein the graph of the incarceration rate in the USA, much of it having to do with Biden’s work, as the head of the relevant Senatorial committee in the 1990s:

Thanks to Biden’s reforms, incarceration doubled. Under Reagan, it’s the Democrats who passed the laws to incarcerate, as all the end all, be all laws needed…

Here is Roger Cohen again: [Trump] “could say the unsayable. He could disrupt. He could restore violence to a wan political stage of PowerPoint slides. He could take on the China that had put millions of people to work on the cheap in its factories and so, from the Midwest to the British Midlands, de-industrialized much of the West.

If people felt like nobodies, felt abandoned, felt there was not only growing inequality in wealth but inequality of recognition, felt their very language had been anesthetized by all-knowing elites more at home in global capitals than in the provinces of their own countries, then somebody could speak for liberalism’s disappeared — and maybe even win. Steve Bannon saw this. Trump grasped this and did win, not as the creator of a movement but as the media-savvy messenger of a groundswell.”

This revolution is not an American phenomenon. It is much wider…”

Roger Cohen observes the obvious:

There’s been a movement in people’s minds, a radical change in the way people live, perceive and conduct their politics. The old paradigm won’t work… whatever Biden’s early lead in polls. He’s ill-placed, as a pillar of the ancien régime, to overturn the revolution. This is not personal. It’s societal.

For all his Scranton blue-collar beginnings, Biden will be pilloried as a faithful servant of the Party of Davos that secured impunity for the financiers behind the 2008 meltdown, a heady growth in inequality, China appeasement and the arrogance of money-wooed Democrats estranged from their working-class constituency. Unfiltered politics, technology’s dubious gift, will hurt him. These politics prize agility more than honor. The world has moved on. Whither I’m not sure, but it has. Things shift. That’s the way of the world — inexorable as biology.

One of the most significant exchanges so far of the fight for the 2020 Democratic nomination came in the last few days when Biden said of China: “I mean, you know, they’re not bad folks, folks. But guess what? They’re not competition for us.” To which Bernie Sanders shot back that the United States had lost three million manufacturing jobs to the 2000 China trade deal. “It’s wrong,” he tweeted, “to pretend that China isn’t one of our major economic competitors.”

Not only economic, I would add. China is set on an implacable course to run the world in the second half of this century. If that is not precisely what you want for your children, thinking that “they’re not competition for us” is precisely the wrong place to start. It’s lazy thinking

Cohen then evokes Macron, who went one carbon tax too far. Macron was preoccupied by the end of the world. The Gilets Jaunes replied they were preoccupied by the end of the month. Cohen, optimistically said that Macron learned. Our banker learned? Of course not really. All Macron learned was to fly, one burning cathedral at a time, just dumping enough Pluto baggage, to get over the next hill.

And finally Cohen draw the conclusion I have drawn in the past:

“…among Democratic contenders, Elizabeth Warren is listening most closely. Her proposed tax on the super wealthy reflects that — while billionaires, like China, get a pass from Biden. Trump is not an aberration. Only the innovative will beat him.

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From Repression To Barbarization:

Other opinion makers at the New York Times are also condemning Biden, even if they don’t say it aloud, but use euphemisms. In “Imprisoned for Trying to Save His Son. Mass incarceration was America’s biggest mistake over the last half-century.” Nicholas Kristof, Opinion Columnist, on May 4, 2019,

America’s biggest mistake over the last half-century arguably had nothing to do with the war in Vietnam or Iraq, or with Watergate or Donald Trump. Rather, I’d say that it was mass incarceration, fueled by the war on drugs.

The United States used to have incarceration rates similar to those of Europe — and then, beginning in about 1970, we increased the number of people behind bars sevenfold. About as many Americans now have a criminal record as have a college degree. Mass incarceration shattered America’s family structure, magnified race gaps, left millions of people marginalized — and has been brutally unfair.

Years ago I wrote about a case that still haunts me. Dicky Joe Jackson was a Texas trucker whose 2-year-old son, Cole, needed a bone-marrow transplant to save his life. The family raised $50,000 through community fund-raisers, but this wasn’t enough — so Jackson tried to earn the remainder by transporting meth in his truck for a distributor. He was caught and sentenced to life in prison.

The prosecutor himself thought the sentence unjust, saying of Jackson: “He didn’t know of any other way to take care of his kid.”

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Mass incarceration was itself a manifestation of a much deeper disease: the control of the USA by its wealthiest class, even when civilization was. and is, at stake. Those who know too little history will say the USA declared war TO Hitler. No. Hitler declared war TO the US (Dec 11, 1941). The USA had the plan to NOT go to war in 1942. Fortunately, the stupid fascists couldn’t resist.

USA’s worst lie, and worst mistake, for those who care about lives, humanity,  and its standards: not to recognize the value system which led it to fight too late against Nazism, or even more basic, that the deepest flaws of US society, still in power today, led it to not declare war to Hitler. Obscuring this vile story hides US Pluto power (US plutocracy!

It’s all tied up together into an all too evil mood…

No more than 10,000 people decide of the fate of the USA, the West, Civilization, eight billion people, and even the fate of the biosphere. 10,000 have captured the planet. Some could argue that they are busy destroying the planet, precisely to hide their heist, by fostering great destruction, making it impossible to understand who, what, started the holocaust, the burning of everything…

Anyway, good to see the Times they are changing…

Patrice Ayme

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[1] Relative to Biden, Obama was just a poser: his Obamacare, however helpful it has been to the healthcare plutocracy, pales in insignificance relative to Biden’s hellish reforms of the 1990s… 

Obamascare

Of course TARP was very much in the spirit of Biden’s finance reforms of the 1990s:

TARP: TRANSFERRING ASSETS TO RICH PEOPLE.

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11 Responses to “Trump Was A Warning To Plutocracy. Warren Is What Is Really Needed!”

  1. Benign Says:

    The last politician to propose a wealth tax was Huey Long who got assassinated for it.

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    • Patrice Ayme Says:

      Wow. This is someone not on my radar. Care to say more?
      This time, though, I don’t believe Warren is alone anymore…
      Tax justice is very central to Gilets Jaunes in France, and the Macron presidency is unilaterally installing a GAFAM tax (3% of revenues, I believe, just as I suggested years ago)… Rest of Europe blocked it, France, as it should, acted unilaterally.

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    • Patrice Ayme Says:

      Apparently he got assassinated by a relative of another politician, long an enemy, who he had just impeached

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  2. SDM Says:

    Huey Long “the Kingfish” of Louisiana championed Share Our Wealth and Every Man a King messages and was murdered for it. 40th governor of Louisiana from 1928 to 1932 and was a member of the United States Senate from 1932 until his assassination in 1935.

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  3. oatmealactivist Says:

    .

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  4. oatmealactivist Says:

    Warren won’t win the nomination, wouldn’t win the presidency, and if president, would be run roughshod over by Congress, even if her party has majorities in both houses.

    What’s more, the demand (an absolute limit on wealth) is too timid. Industrial revolution, automation and mass migration have caused economic tumult and civil discord. Maoist cultural revolution and decadence hasten the decline.

    But liberal democracy is threatened at its very foundations both by AI automating workers to obsolescence and hijacking our minds to the point that individual desire and opinion will not matter. What is democracy in such a world?

    China, unburdened by deep concern for the individual, is the perfect country to embrace this future. Unless we find an alternative story.

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    • Patrice Ayme Says:

      I agree. Personally, my bet on the facts is that Trump will be re-elected. However, Warren has happily shifted the debate partially where it should be. China is well placed, except for one fact at this point: Xi.
      Xi has lots of enemies (I have friends I talk to in the Central State, and not exactly down low if you get my drift…). So he is stuck, and may go too far… It’s curious we ended up with him in that position as all its predecessors since Mao and his mad wife, were pretty reasonable (including Chou En Lai)….

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      • Oatmeal Activist Says:

        I’m inclined to agree. An absolute limit on wealth is an absolute limit on power (in part). And to truly blunt plutocracy, we need to an absolute limit on power.

        In the near future, information will give power. Data, poor ethics and computing power so mighty it seems omniscient combine to form a grave threat.

        Xi seems to be going too far. He seems to see himself as a new emperor. Internally, the party keeps balance by alternating power between various factions and subordinating personality to the Politburo. Xi has transgressed all of that.

        Pivoting back, would a benevolent plutocracy be tolerable? They would hold the power and the wealth, but, guided by noblesse oblige, create a tranquil society. Is the outcome or the means what matters? Would a centralized AI that allocates power and resources, that spins the rota fortunae, any bit preferable? And how would it be different than a plutocracy?

        We’re barreling towards a remarkably foreign future.

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  5. oatmealactivist Says:

    As an aside, Cohen has it backwards on mass incarceration. “Mass incarceration shattered America’s family structure…” Nope. Moynihan had already documented America’s fraying family structure in the early 1960s. The surge in incarcerations were a symptom not a cause.

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    • Patrice Ayme Says:

      Agreed. Moynihan rose a raucous at the time (he recommended “benign neglect” anyone?) Cohen is now US, but that’s very recent, so not at all an expert, used to be rabidly anti-Trump up to very recently… Hahahaha… (He has interviewed me, BTW….)
      Biden helped for the mass incarceration…

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