Our democracy needs millions of Americans to stand up for it and to push back against the fascism [1] of the Trump administration and all the Republicans who are supporting it. PLEASE support and participate in a No Kings event on Saturday, March 28, in whatever way(s) you can. You can find an event near you here.
We need to stand up and push back against:
The cruel, illegal, and inhumane actions and detentions by ICE
The inhumane and un-Christian policies targeting immigrants, including refugees and asylees
The illegal and unconstitutional war against Iran and other acts of war
The implementation of and refusal to refund unconstitutional tariffs
The undermining of the United Nations, treaties, and alliances, while supporting and cooperating with authoritarians and dictators
The corruption of President Trump, some of his cabinet members, and his cronies who are putting millions if not billions of dollars in their own pockets
The violations of the rule of law including illegal firings of government employees, the failure to spend funds as authorized by Congress, the attempts and threats to prosecute political opponents, the pardoning of political supporters, the failures of transparency including on the Epstein files, etc.
The unqualified appointees who are harming Americans every day
The voter suppression and efforts to undermine our elections
The racism, misogyny, religious bigotry, and LGBTQ+ bigotry of Trump, his administration, and his supporters
The oligarchy that uses the government and public policy to enrich itself while cutting support for low- and moderate-income households, including cutting access to food assistance and health care
The lies and disinformation the Trump administration spews out daily
The condoning of political violence
The divisiveness and lack of civility of the Trump administration and the Republicans supporting it
All the ways the Trump administration and Republicans are making the affordability crisis worse
The egregious behavior of the Trump regime and the Republicans who support it will stop when enough of us stand up and say “NO!” Please say “NO” by being a part of a March 28th No Kings protest and in whatever other ways you can.
For lots of good news, see Jess Craven’s Chop Wood Carry Water blog’s most recent good news Sunday posts here and here.
My next post will return to the discussion of the affordability crisis and present some strategies for tackling it.
[1] Fascism is defined as “a populist political philosophy, movement, or regime … that exalts nation and often race above the individual, that is associated with a centralized autocratic government headed by a dictatorial leader, and that is characterized by severe economic and social regimentation and by forcible suppression of opposition.” Merriam-Webster Dictionary (https://www.merriam-webster.com/dictionary/fascism)
President Trump is perverting capitalism and the free market by asserting unprecedented influence over the private sector. His actions are not a coherent economic policy and make the U.S. economy look like China’s. They’re all about centralizing power and control, while undermining the rule of law and democracy. This is what fascism and oligarchy look like.
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President Trump is perverting capitalism and the free market by asserting unprecedented personal influence over and taking government ownership in private sector companies. His actions do not reflect a coherent economic policy. It is the power grabbing of a tyrant and bully who wants to control others and wants them to be subservient. Trump is using largely illegal financial (e.g., import tariffs and export fees), regulatory, and court-based actions to do this. He wants to influence the decisions of other countries and American businesses, including media corporations, financial institutions, law firms, and universities. He wants countries and companies to come to him begging for exemptions from his actions and threats. [1] This is, of course, a breeding ground for corruption and bribery.
Nothing even approaching this level of government interference in the private sector has occurred since the emergency mobilization of the private sector for World War II. This government interference in private companies, which is a type of state-controlled capitalism, has until now always been anathema to Republicans and the business community. If any president prior to Trump had attempted any of this, Republicans, business executives, and the mainstream media would be screaming about it being socialism or communism. The actions by Trump are making the U.S. economy look like that of China, where the government owns a stake in companies or has considerable influence over their decision making. [2][3] Or like Leninist capitalism where the Communist Party controlled the state’s ownership of businesses. [4]
This alignment of an authoritarian leader and a nominally capitalist economy is classic fascism. While Republicans and business executives are supportive or mute, the Wall Street Journal simply calls it inefficient. The business executives and other wealthy investors that facilitate and participate in Trump’s actions are the American oligarchy.
Examples of Trump’s actions include:
Allowed Nvidia and Advanced Micro Devices, makers of artificial intelligence (AI) computer chips, to export them to China on the condition that the companies pay the United States 15% of their profits. This poses risks to the U.S. AI industry and to U.S. national security (in part due to the chips’ use by the Chinese military). These payments are, for all intents and purposes, an export fee, which is unprecedented in U.S. history. Moreover, the Constitution explicitly bans export taxes (Article I, Section 9, Clause 5). [5]
Demanded that Intel’s CEO resign and then negotiated 10% government ownership of the company. This makes the U.S. government one of Intel’s largest shareholders. [6]
Proposed that the Defense Department take a 15% ownership stake in MP Materials, which mines minerals critical for chips and electronics.
Allowed Nippon Steel of Japan to take over U.S. Steel on condition that Nippon pay a “golden share” of the proceeds to the government and give Trump control over elements of corporate governance.
Reserved the right to personally direct some the $1.5 trillion in promised investments in the U.S. to be made by America’s trading partners as part of tariff negotiations.
Sued media corporations and negotiated approval of media corporation mergers to get money and influence over media content.
The government ownership in and influence over the private sector asserted by Trump has nothing to do with promoting the public interest, the well-being of American workers, or protecting national security. In fact, they undermine all these principles. They’re all about centralizing power and control in Trump’s hands as part of his efforts to undermine the rule of law and democracy. [7] Moreover, who holds the ownership stakes and who exercises the related rights is unclear.
Despite Trump’s bluster about being tough on China, his actions have been quite favorable to China. He has illegally extended the deadline for the sale of Chinese ownership of TikTok if it wants to do business in the U.S. He has shut down Radio Free Asia, which countered Chinese propaganda. He’s allowed the export of artificial intelligence computer chips to China, which was a key request from China in trade negotiations.
Please contact your members of Congress and ask them to assert their oversight of these deals Trump is making. Ask them to clarify who holds the ownership stakes, who is exercising ownership rights, and where the funds received are going. Ask them to ensure that the Trump administration’s economic policies and actions further the public interest, benefit workers, promote national security, and comport with the rule of law and democratic principles.
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