Money Coup

Money Coup

 

On Wednesday, many chief executives had, once again, had enough. The National Association of Manufacturers called on Vice President Mike Pence to consider invoking the 25th Amendment of the Constitution and remove Mr. Trump from office. Many executives — including Mr. Cook of Apple, Mr. Dimon of JPMorgan and Mr. Schwarzman — denounced the violence, lamented the state of the country and called for accountability.

But after four years of much talk but little action, their words rang hollow.

“When people make political decisions for business reasons,” said Mr. Walker, “it can have heinous social consequences.”

 

-       After Riot, Business Leaders Reckon With Their Support for Trump – New York Times 

 

By JM Hamilton (1-9-21)

 

The curtain finally came down on POTUS Trump’s four-year, deadly, circus this week.  Trump’s base of support, goaded on by the dictator wannabe, attacked the US Congress in the hopes of intimidating, or forcing, lawmakers into not certifying president – elect Biden.  Among the collateral damage – including irreparable harm to the myth of America, as a beacon of democracy – was a Trump supporter, Ashli Babbitt.  The Washington Post reported that Ms. Babbitt, a U.S. Air Force veteran, had at one time supported President Obama, but had become an avid Trump supporter. 

 

Lost in the broken glass and tear gas, at the nation’s capitol, was news that the NY Stock Exchange had decided to delist Communist China telecommunication companies – linked to the People’s Liberation Army – only to reverse itself and move to maintain the listings.  A day later, the exchange reversed itself, once again, and finally, delisted the communist state-owned enterprises.  That Communist China (a country that has increasingly felt emboldened to strike out at many of the democratic & human rights principles Western democracies, allegedly, hold dear -- and with great impunity and seemingly, w/out repercussion) had state enterprises listed on the American exchange to begin with…  speaks directly to the myopic thinking surrounding the defacto Profit Motive First policy, that has betrayed the United States and the American people for the last forty years. 

 

The story of American crony-capitalism coddling a communist dictatorship, of course, reminds us of Mr. Trump’s first foreign travel, as a newly minted President nearly four years ago. At that time, with a platoon of corporate CEOs & C-suite toadies in tow, the American contingent inked trillions of deals, as well as, memorandums of understanding for future deals with the Saudi government.  American corporate overlords, on the junket, were said to be elated.  Any concerns or issues with the Royal House of Saud’s support for terrorism, human rights abuses, misogyny, and war atrocities w/ neighboring Yemen… apparently, given zero thought.  The bottom line after all, had been served. 

 

With Trump attempting his own beer hall putsch this week, Hitler style, many of the billionaires & CEOs – who had long supported Trump with mind numbing sums of cash and soothing words – found themselves running for political cover.  As reported in the New York Times, many Americans – including corporate brass & politicians - are beginning to ask why the crème de la crème of corporate America supported such a nasty creature, as Donald Trump.  And we know why, Trump has proven useful – despite running as a populist for the people – at delivering vast sums of corporate welfare for the rich and the powerful: trillions in tax cuts; deregulation – which always shifts known costs onto the backs of ordinary Americans; the plundering of public lands; and American labor's evisceration.  When it came to looting the government and the US taxpayer, on behalf of the 1%, Trump delivered. 

 

 

 

 

 

 

 

All of this points out the obvious… when the MSM discusses & writes about Trump’s attempted coup this week, they are really talking about his enablers & ownership, the American – and arguably, foreign - oligarchy. The very same economic royalty, who have conducted class warfare - and a money coup - against the American people for the last forty years.  The CEOs, billionaires, and Wall Street financiers who will happily do business with communist totalitarian regimes, as well as, authoritarian Middle East dictatorships.  Apparently, there is no country – or ruler - so repugnant that American billionaires & CEOs won’t get down in the blood & the mud with, in order to ink a deal.  

So it should come as no surprise then that these same robber barons would be willing to finance and support authoritarians & fascism in the US, so as to further their financial empires.  

 

Perhaps my tweet, the day Congress was sacked, sums up the plight the US democracy project, nearly 250 years old, now finds itself in:

 

As I watch events unfold, we see no billionaires or monopolists in the mob. 

 

However, this riot is exactly what neoliberalism & oligarchy funded & begot, often by plutocratically controlled propaganda arms masquerading as MSM news orgs: extremism, disinformation, insurrection, faction, and human misery & poverty befitting an emerging market nation. 

 

Can’t but help notice the Dow is up 481 points.  Our elected leaders should be proud, they did the donor class’ bidding & guided the nation directly to this moment. 

 

This week will long be remembered: as the inflection point, where the vile ramifications of America’s neoliberal money coup came knocking on Congress’ front door. 

 

 Copyright JM Hamilton Publishing 2021