kleptocracy or kakistocracy?

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Paul Krugman describes Trump's infrastructure privatization scam in, well, less-than-flattering terms:

Crucially, it's not a plan to borrow $1 trillion and spend it on much-needed projects -- which would be the straightforward, obvious thing to do. It is, instead, supposed to involve having private investors do the work both of raising money and building the projects -- with the aid of a huge tax credit that gives them back 82 percent of the equity they put in. To compensate for the small sliver of additional equity and the interest on their borrowing, the private investors then have to somehow make profits on the assets they end up owning.

He summarizes by writing that "it's not about investment, it's about ripping off taxpayers:"

we haven't promoted investment at all, we've just in effect privatized a public asset -- and given the buyers 82 percent of the purchase price in the form of a tax credit.

New Yorker's Ryan Lizza calls Trump's administration a kakistocracy. Lizza looks at Trump's victory speech proclaiming that, "I'm reaching out to you for your guidance and your help so that we can work together and unify our great country," and notes that, "A week later, those words seem hollow:"

The first sign that our easily distracted President-elect remained unchanged from the campaign came on Thursday. For twenty-four hours, Trump had shown some restraint. His victory speech raised hopes that, despite the evidence of his behavior on the campaign trail, he might be capable of magnanimity.

Trump's whiny tweet about "professional protesters, incited by the media" garners no sympathy:

The rest of the transition team was stacked with Trump loyalists, donors, and family members. Four of the sixteen spots were filled by three of Trump's adult children--Eric, Donald, and Ivanka--and Kushner, his son-in-law. These are the same people Trump promised would be running his business empire, which has interests around the world and could benefit enormously by influencing government policy and staff appointments.

"As of Wednesday morning," writes Lizza of Trump, "He has tweeted twenty-three times:"

Trump, whose first week was marked by seeming chaos in his efforts to put together an Administration. But what we've learned so far about the least-experienced President-elect in history is as troubling and ominous as his critics have feared. The Greeks have a word for the emerging Trump Administration: kakistocracy. The American Heritage Dictionary defines it as a "government by the least qualified or most unprincipled citizens." Webster's is simpler: "government by the worst people."

NCRM's Brody Levesque writes that "Lizza's description is extremely apt given absolute chaos surrounding the president-elect and his advisors:"

Any semblance of an orderly transition now seems on the verge of collapse as each day brings a new revelation that questions Trump's ability to maintain control or even properly direct his apparently unwieldy staff.

He quotes Army Captain Sue Fulton:

"Welcome to kleptocracy. If you think enriching the Trump fortune won't be a condition of Presidential action, you haven't paid attention to what Donald Trump has done his entire life."

David Badash at NCRM is dismayed at Trump's policy plans:

Trump, in his video, says on day one he will withdraw from the Trans Pacific Partnership, an international trade agreement. The president-elect also says he will remove "job-killing restrictions" on oil and gas companies, "including shale energy and clean coal, creating many millions of high-paying jobs," Trump promises.

In other words, Trump will "make America great again" by poisoning our air and water, and, although he doesn't say it in the video, will make America great again by getting rid of healthcare, including Obamacare and Medicare. So, when we're all sick from polluted air and water, we can all use our life savings to pay off our medical bills.

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This page contains a single entry by cognitivedissident published on November 21, 2016 7:46 PM.

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