According to new data from the federal reserve, if current trends of the rich getting richer and the middle class getting poorer continues at their current rate, in 33 years the top 10% of Americans will own one hundred percent of all American wealth. Everyone else will be in poverty and in debt. Right wing billionaires like Donald Trump are cheering this on, calling for more tax cuts on rich people and less power for working people through the continuing destruction of unions and fighting the minimum wage.
Trump's tariffs: A unique opportunity for BRICS and the Global South to fully escape from dollar tyranny
globinfo freexchange Does Trump know what he is doing? Well, yes and no. While many interpretate his latest move, mostly as an attempt to halt China, his main goal is to give the final blow to the neoliberal order on behalf of his oligarchs . From this perspective, Trump's unprecedented decision to decide mass tariffs against almost everyone, was an act of strategic hit against the global free market neoliberalism, with the financial capital at its top. And that's because this dominant-for-almost-half-century system, identifies restrictions and protectionism as major threats against its own existence. In other words, Trump acted as a commander of the capitalist faction that wants to beat its neoliberal rivals and put itself in charge, through a new transformation of capitalism into a 21st century corporate feudalism. Concerning China, Trump's move may have some negative impact on its economy for a while, since China has chosen to partially play by the rule...
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