If you
still wonder how the hell the 'anti-establishment' Donald Trump
actually hired Goldman Sachs to run the economy and why he is trying
so hard to pass more tax-cuts in favor of the US plutocracy and at
the expense of the poor working class, just look at his past.
The
Donald took advantage of the rising neoliberalism and financial
capitalism back in the 70s, to achieve a major tax break for ...
himself!
As Adam
Curtis describes in HyperNormalisation,
in 1975, New York City was on the verge of collapse. For 30 years,
the politicians who ran the city had borrowed more and more money
from the banks to pay for its growing services and welfare. But in
the early ’70s, the middle classes fled from the city and the taxes
they paid disappeared with them. So, the banks lent the city even
more. But then, they began to get worried about the size of the
growing debt and whether the city would ever be able to pay it back.
And then, one day in 1975, the banks just stopped. The city held its
regular meeting to issue bonds in return for the loans overseen by
the city’s financial controller.
What
happened that day in New York marked a radical shift in power. The
banks insisted that in order to protect their loans they should be
allowed to take control of the city. The city appealed to the
President, but he refused to help, so a new committee was set up to
manage the city’s finances. Out of nine members, eight of them were
bankers.
It was
the start of an extraordinary experiment where the financial
institutions took power away from the politicians and started to run
society themselves. The city had no other option. The bankers
enforced what was called “austerity” on the city, insisting that
thousands of teachers, policemen and firemen were sacked. This was a
new kind of politics. The old politicians believed that crises were
solved through negotiation and deals. The bankers had a completely
different view. They were just the representatives of something that
couldn’t be negotiated with – the logic of the market.
One of
the people who did understand how to use this new power was Donald
Trump. Trump realized that there was now no future in building
housing for ordinary people because all the government grants have
gone. But he saw that there were other ways to get vast amounts of
money out of the state.Trump started to buy up derelict buildings in
New York and he announced that he was going to transform them into
luxury hotels and apartments. But in return, he negotiated the
biggest tax break in New York’s history, worth 160 million. The
city had to agree because they were desperate, and the banks, seeing
a new opportunity, also started to lend him money.
Donald
Trump began to transform New York into a city for the rich, while he
paid practically nothing.
The
Donald comes back as US president to do the same for his billionaire
buddies using his 'expertise'. Anger has increased in the American
society for the growing inequality and immunity that the bankers
enjoy. He played the 'anti-establishment' patriot to get elected and
now he is doing everything to secure status quo in favor of his
class.
It's now
very clear that Donald Trump tricked the voters with his great
theatrical performance. Donald was very good in playing the
'anti-establishment' candidate by staging shows with the media and
the GOP, to appear as the 'annoying guy' who is a 'big headache' for
the establishment. Well, guess what: plutocracy, media, GOP,
corporate Dems, neocons and Trump, are all on the same side.
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