Donald Trump appears to be going through a special rolodex of usual suspects to find “experts” to advise him on economic and financial matters. These Big Capital cronies can be viewed on this list, and you know the drill. No doubt these usual suspects will now be turning up in deputy secretary and regulatory positions. In fact, it looks like Goldman Sachs may have numerous vampire-squid openings to fill in this revolving door administration.
To let these people into the White House is reminiscent of Russia’s Boris Yeltsin, who allowed the (((oligarchs))) a coup d’etat from the top. The New Nationalist’s prediction is a no brainer. Trump, like Yeltsin, will dash the hopes of millions and turn their dreams of victory into a nightmare. So far, deluded folks are dismissing it with the excuse that it takes swamp creatures who know how the swamp systems work, blah, blah, blah. Keep smokin’ that hopium. This won’t end well.
What is emerging looks like a blend between Washington Consensus looting and raiding through privatizations and a mechanism called the public-private partnership (PPP). Both are classic operations to subsidize profits and socialize losses for the plutocratic oligarchical class.
PPP can be highly addictive and is absolutely corrupting. The politicians practicing this deception pat themselves on the back while pointing to the benefits and hiding the costs. In the Trump-Carrier deal, subsidies weren’t given to lure jobs (which is bad enough) but to retain them. It sets up a greenmail feedback loop of rewarding a company that threatens to leave or cut jobs. “Why wouldn’t every other company make the exact same pitch,” said Steve Weitzner of Silverlode Consulting, a site selection firm. Carrier will receive $6 million in tax credits and $1 million in training grants in exchange for keeping 1,069 jobs at its Indianapolis plant.
PPP is usually used for infrastructure finance, and the squid boyz must be licking their chops on all the fees and commissions that this will generate. This will also be boom times for J Street and K Street. The media has all but ignored these moves, preferring to distract the population with Hegalian dialetic, divide-and-conquer, racial and social epithets. I don’t know how many more times we have to hear Trump called a racist. For the record, he is a hard core crony cabalist and capitalist, not a racist, get that straight lemmings. Additionally, look for protests and staged-deception events to keep the sleepwalkers off target.
1. government by the wealthy.
2. a country or society governed by the wealthy.
3. an elite or ruling class of people whose power derives from their wealth.
“Crony capitalism is a term describing an economy in which success in business depends on close relationships between business people and government officials. It may be exhibited by favoritism in the distribution of legal permits, government grants, special tax breaks, or other forms of state interventionism.”