RICHARD D wOLFF – The class politics of Trump carry forward the actions of his predecessors across the last century. The details, not the goals, vary with the circumstances. It is worth remembering that in all empires, when their rise inevitably turns into decline, those who accumulated the greatest wealth and power use these resources to retain their position. They thereby offload the costs of decline onto the middle and lower classes. The latter suffer more and face the consequences first. Trump’s first budget proposals starkly exhibit this offloading. For most empires, such offloading proves socially divisive and ends very badly.
Tag: Time-Sensitive
Seeing Through the Economic Bait and Switch
SONALI KOLHATKAR – The values of the U.S. public are not the same as those of the wealthy and corporations. It took a UN official—an outsider—to point out the dissonance. Furthermore, evaluations of the U.S. economy by the U.S. media and politicians are based on corporate prosperity while the UN’s evaluation is based on individual prosperity.