Krasnov Is The Face Of Our Economy - His Downfall

[gab13by13]

That's what Robert Reich is saying. Krasnov wants control of the Fed and it looks like cuts are coming. Krasnov's government now owns 10% of Intel, will he now pick its next CEO? Krasnov has allowed chip makers to do business with China if they hand over 15% of their profits to the government, where will that money go, to his sovereign wealth fund. Krasnov has a list of friendly and unfriendly corporations, friendly being the ones who give him tribute. The friendly corporations have investigations being done on them removed, unfriendly, find the government going after them.


"Before they poured money into Trump’s initiatives and PACs, many Big Tech corporations were facing federal investigations and enforcement lawsuits. Those investigations and lawsuits are now being dropped.

Trump’s import taxes (tariffs) are the results of individual deals between Trump and particular countries, as well as between Trump and big American corporations. So far, America’s trading partners have agreed to invest over $1 trillion in the American economy. Who will oversee such investments? Trump.

In sum, an increasing part of our economy is no longer being determined by supply and demand but by the deals Trump is striking.

Authoritarians rely on vast bureaucracies to control industry, as does China’s Xi Jinping.

But the new order being imposed on American industry doesn’t come from a vast authoritarian bureaucracy. It’s personal and arbitrary. A single so-called “strongman” is beginning to control everything.

I don’t know the proper term for this. State capitalism? Fascist capitalism?

Whatever we call it, it will be Trump’s downfall because his arbitrary and mercurial decisions are making the private sector nervous about investing in the U.S. economy, causing global lenders to demand a higher risk premium for lending to the U.S., and pushing the economy toward both inflation and recession — so-called “stagflation.”

If nothing else brings him down, the economy surely will."

https://www.alternet.org/trumps-downfall/

[spanone]

1. K&R

Let's call it what it is. A dictatorship.

[sop]

2. We can call it Nationalization.

Nationalization is most characteristic of socialist and communist forms of government.

[gab13by13]

3. Exactly,

The government now owns 10% of Intel, isn't that communism? Why aren't our Democratic leaders calling it that? Words matter.

[newdeal2]

5. Should at least be running ads targeting Latino voters

Who supposedly voted for Trump to escape communism and socialism.

[CanonRay]

4. Trump isn't this smart

The billionaires are calling the shots.