Trump's crony capitalism

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Richard Eskow, who notes that Trump's grift gave government to the 0.01 percent, sees the endemic "economic fear and distress [as] a breeding ground for grift:"

Studies like those conducted by Boston College's Center for Retirement Research confirm what professional con artists have always known: people in financial distress are easier marks. And make no mistake about it: Donald Trump is a con artist. Trump voters have been taken in by a grift so shameless he might as well have pretended to be calling from the IRS.

Trump was always a Trojan horse for the 0.01 percent. And now he's forming a government of, by, and for the very elites he campaigned against.

"Trump's administration is already the wealthiest in history," he continues, but "It's not just their wealth that distinguishes Trump's team from the vast majority of Americans:"

It's their class exclusivity. Trump has largely drawn from people who, like him, were born into wealth and privilege. This insularity, combined with the heartlessness of the policies they espouse, makes it even less likely that they will empathize with -- or even understand -- the problems of ordinary people.

Most of them have never experienced hard times. And judging from their policy positions, they can be counted on to have about as much empathy for working people as Leona Helmsley's dog. [...] Here's Trump last February, speaking about his primary opponent Ted Cruz:

"I know the guys at Goldman Sachs. They have total, total control over (Cruz). Just like they have total control over Hillary Clinton."

What a difference a few weeks make. Key Trump picks from Goldman Sachs include Steve Mnuchin, Trump's pick for Treasury Secretary; his political czar, Steve Bannon; his transition advisor Anthony Scaramucci; and even Cohn, who is seen as a possible top hire.

Those picks are no better than billionaire Betsy DeVos for Education Secretary or ExxonMobil's CEO as Secretary of State:

It's becoming clear that Trump plans to give direct control of the government to the people who have indirectly ruled us for decades, thanks to an over-financialized economy and a government whose policies are guided by the desires of oligarchs.

The new boss is indeed the same as the old boss, as Trump's team of fake populists and real crony capitalists reveals his duplicity. "After playing to the country's populist mood as a candidate," WaPo writes, "Trump has surrounded himself almost exclusively with corporate elites:"

Trump has loaded up his transition and Cabinet-in-waiting with members of the establishment he claimed he would crush. Trump's team, with few exceptions, is filled by the "swamp creatures" we'd expect in virtually any Republican administration.

WaPo's conclusion is brutal:

Like the contractors he stiffed throughout his career, millions of working-class voters may soon learn that Trump has no intention of fulfilling his campaign's red-meat promises. One way to hold him accountable is for the media to spend less time gawking at Trump's tweets and more time exposing the greed and cronyism that are already poisoning his administration.

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This page contains a single entry by cognitivedissident published on December 6, 2016 11:06 AM.

Trump's news universe was the previous entry in this blog.

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