In this monopoly phase of capitalism, “One capitalist always “kills “ many others ( other capitalists)” , especially in a recession. So, this is Trump’s capitalists killing GM, Ford , others so Trump’s capitalists can buy them up cheap. Like in the game monopoly. Like Romney, vulture capitalists; scavenger capitalists; Hedge funds : Trusts when Lenin wrote about them in _Imperialism_ . <
Lenin explains how finance capital emerges as a result of the merger of industrial and banking capital. This new form of capital leads to the emergence of a FINANCIAL OLIGARCHY , which controls the economy and government.<
https://www.marxists.org/archive/lenin/works/1916/imp-hsc/ch03.htm
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Trump is not smart in macro-economics or law. He’s seems to be wrecking the capitalist system. Problem is it’s going to crash down on our heads - like he’s smashing the auto industry. Trump saying he’s putting on tariffs to force the monopoly, transnational corporations to return to the high wage US from low wage China, Mexico, etc. That’s been the Monopoly Bourgeosie's super profiting strategy since the 1970’s ! We know because of the plant closings. <
The Wall Street Journal represents the industrial bourgeoisie and their overseas super- profiting .
Ironically, on this Trump is going against the American Bourgeoisie! This is a war within the ruling class . But we regular folks are going to suffer the economic pain . <
Wall Street journal folks could lose 100 billion each in a crash and still have a billion. Rough life <<
On the other hand , the richest want economic crashes , because they can buy up a lot of capital cheap from failing companies.<
The Trade War may be a reflection of a power struggle in the Financial Oligarchy; Trump's faction trying to take over as top mob boss . But has he bitten off more than he can chew.
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"Also an attempt to destroy old corporations to clear the field for new ones... Musk, etc......old and unionized."
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Exactly GM and Ford and Stellantis are not the only transnationals, of course.
So, Trump and his gang of capitalists - Thiel, Musk , et al. , may have bitten off more than they can chew, because they're taking on the Bourgeoisie in Canada , Europe , Australia, Mexico, a big chunk of the whole damn world . Like Hitler did militarily, they're doing economically Third Economic Reich ; ain't gonna happen. But we may suffer like the German people did. <
http://take10charles.blogspot.com/2014/08/imperialism-highest-stage-of-capitalism_30.html <


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