Man is Wolf to Man

The current administration's predatory and corrupt version of capitalism.

What is corruption? Isn't capitalism all about getting as much money as you can? Then doesn't it follow that there can be no such thing as corruption, which is defined as going against the rules? What rules?

We as a country go on a trip with every new president, learning about their nature and values as we accompany them through their brief span of history. Few presidents wear very well after their honeymoon, since the process of getting elected requires some shading of the truth, truth that inevitably comes out later on. The current administration is an odd example, since in his first term, Trump was not allowed (for very good reasons!) to be himself. The second time round has been a different story, and we are getting a deep look at his character. 

The US has always had a double relationship with capitalism, tilting between rampant competition / exploitation and reverence for rules and legal systems. Slavery, obviously, is the foremost example, with slaveholders enshrining in a document dedicated to human freedom their own legal rights to property in comprehensively oppressed people. The founders, on making their constitution, feverishly set to work creating institutions for the common good, such as the treasury, mail system, judicial system, patents, and military. But, at the same time, we have long had an ideology of free enterprise- of land, resource, and human exploitation almost without limit. 

Charles Ponzi was not working in Italy, after all, but in the US, as was Bernie Madoff. Now crypto is the popular mechanism of picking people's pockets, facilitating mundane crime such as money laundering and ransomware attacks at the same time that it provides flourishing vistas of direct fraud, in rug pulls, hacks, and market manipulation. A recent article reviewed the pathetic world of multilevel marketing, another model of predation where ambitious entrepreneurs are sucked into schemes that are engineered both to fail, and to induce the victims to blame themselves.

The administration has clearly made it its mission to celebrate these forms of business- the predators, the grifters, the destructive businessmen among us who think that taxes are for little people, and rules for someone else. Consumer protection agencies have been shuttered, the IRS eviscerated, investigations cancelled. Pardons have been going out, not only to the January 6th conspirators and their militias, but to the money launderers, the corrupt politicians, and crypto bros. It is a sustained campaign of norm and rule-breaking by a grossly tasteless, shockingly greedy and small-minded president, (and sexual predator), who cannot conceive of rational policy, uncorrupted institutions, or fairness, much less civility, as a principle. A person with deep psychological problems. And thus, is incapable of long-term policy that is the bedrock of durable, functional institutions, either commercial or governmental.

Following gold, like a cat following a laser pointer.

We are all worried about fascism, as that seems to be the aesthetic and the model of power the administration is tending towards. But what they have done so far doesn't even come up to the level of fascism, really. The president is not smart enough to have a coherent policy or ideological platform. The weave does not leave room for a program that would be attractive beyond the nihilistic base. There are inclinations, and moods, and tantrums, love for Putin, and a lot of nostalgia for policies of decades, if not centuries, ago. There is hate. But without a program that binds all these ingredients into even a marginally coherent approach to the future, it will inevitably fall apart. True believers don't do policies or reason- conspiracy theories are enough. Thinking, apparently, is for libtards. 

The fact of the matter is that capitalism is not equivalent to the law of the jungle. A legal system, and rules, are required to prevent capitalists from making military forays into each other's empires, and to prevent the workers from taking up their pitchforks, among much else. It is founded on the limited liability company, itself a legal construct, not to mention all the financial, educational, and physical infrastructure that forms its essential background. There is no going Galt here. Institutions are built on rules, and they can die two ways- either people disregard and lose faith in the rules, or the rules become so elaborate and sclerotic that the point of the institution is lost. These ways map roughly onto our political divide, which, when it compromises to the middle produces something akin to a functional mean. But the current administration, and its ideology of thorough-going corruption on personal, business, and governmental levels, is, with the connivance of an equally unhinged supreme court, creating a legacy of cruelty and destruction that is surely a sad way to mark next year's anniversary of our institutional founding.

• How the wingnut evangelicals, rightist Catholics, and their funders have bought into the burn-it-all-down program of predation, with a little help from the Russians.
• Being populist means lying, unfortunately.
• We can and should give real help to Ukraine. How about blockading Russian rather than Venezuelan tankers?
• A hiring hellscape, with AI battling on both sides.
• Destroying science, at the NIH.