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Why do capitalists support Trump when his policies will likely destroy the economy?

https://sh.itjust.works/post/28118425

Why do capitalists support Trump when his policies will likely destroy the economy? - sh.itjust.works

I’m a bit confused why capitalists support Trump when he plans on doing stuff that I think would destroy the economy. Thinking of mass deportations and high, broad tarrifs. I’m not sure if: 1. They just don’t care because they have enough wealth to weather anything. 2. They don’t think Trump will actually do these things. 3. They’re dumb and think it won’t hurt the economy. 4. They plan on trading wealth for more direct power. I.e. becoming oligarchs. 5. They have other ideologies (racism, Ayn Rand-ism, accelerationism, Dark Enlightenment, etc) that they prioritize higher than obtaining as much wealth as possible. Or maybe some combination of the above, or something else entirely. Edit: by “capitalists,” I mean the “elite” like Musk and his other billionaire donors. But I guess it’s a good question for smaller donors as well.

Nov 15, 2024 at 6:26amWeb
Show threadboredtortoiseNov 15, 2024
They’ll grift their own winnings
Show threadCowbee [he/they]Nov 15, 2024

It’s important to know that Capitalists support both the Democrats and the Republicans. Many donate to both, even. What’s important is to analyze what Trump offers that Harris didn’t.

  • Decreased taxation on higher tax brackets. Plain and simple.

  • High tarrifs on goods from China, as a means to combat the PRC’s rising influence globally and ideally force development of US industry. Marco Rubio is especially warhawk-ish about the PRC, which ties into the US Navy’s plan to be ready for a hypothetical war with the PRC by 2027

  • Austerity politics. Trump is slated to take a similar approach to Javier Milei and dramatically cut back on government spending, in many ways by selling publicly owned assets to private interests.

  • Strong anti-immigration rhetoric endangers undocumented workers, which means the Capitalists can leverage this fear to pay them even lower wages under the table. Instead of paying foreign workers microscopic wages traditionally and paying hefty transportation costs, they can have a super-exploited underclass domestically.

    • The important note about Capitalism, and by extension Imperialism, is that it starts to suffocate itself as it ages. The Tendency for the Rate of Profit to Fall is only able to be fought through expansion or centralization, to raise the absolute profit margins, and this sell-off of government assets is one of the most effective ways to do so.

    Now, more than ever, is a great time to start reading theory. I made an introductory Marxist reading list if you want to check it out! Feel free to leave feedback.

    Read Theory, Darn it! An Introductory Reading List for Marxism-Leninism - Lemmy

    “Without Revolutionary theory, there can be no Revolutionary Movement.” ­— Vladimir Lenin, What is to be Done? [http://www.marx2mao.com/Lenin/WD02.html] | Audiobook [https://tankie.tube/w/seGAATanGtfufEkQoLH1X3] It’s time to read theory, comrades! As Lenin says, “Despair is typical of those who do not understand the causes of evil, see no way out, and are incapable of struggle.” Marxism-Leninism is broken into 3 major components, as noted by Lenin in his pamphlet The Three Sources and Three Component Parts of Marxism [http://www.marx2mao.com/Lenin/CPM13.html]: | Audiobook [https://tankie.tube/w/8yUvkgJ4m5ZHPdESAyjg8k] 1. Dialectical and Historical Materialism 2. Critique of Capitalism along the lines of Marx’s Law of Value 3. Advocacy for Revolutionary and Scientific Socialism As such, I created the following list to take you from no knowledge whatsoever of Leftist theory, and leave you with a strong understanding of the critical fundamentals of Marxism-Leninism in an order that builds up as you read. Let’s get started! Section I: Getting Started What the heck is Communism, anyways? For that matter, what is fascism? 1. Friedrich Engels’ Principles of Communism [http://www.marx2mao.com/M&E/PC47.html] | Audiobook [https://tankie.tube/w/8JtpMuYQ6Ho6gzYtLLuL4k] The FAQ of Communism, written by the Luigi of the Marx & Engels duo. Quick to read, and easy to reference, this is the perfect start to your journey. 2. Michael Parenti’s Blackshirts and Reds [https://c.encryptionin.space/epubs/blackshirts-and-reds/] | Audiobook [https://tankie.tube/w/uZFGgeJsE4bHHBTd1m3eFK] Parenti’s characteristic wit is on full display in this historical contextualization and analysis of fascism and Communism. Line after line, Parenti debunks anti-Communist myths. This is also an excellent time to watch the famous “Yellow Parenti” [https://www.youtube.com/watch?v=xP8CzlFhc14] speech. Section II: Historical and Dialectical Materialism Ugh, philosophy? Really? YES! 3. Georges Politzer’s Elementary Principles of Philosophy [https://c.encryptionin.space/epubs/elementary-principles-of-philosophy/] | Audiobook [https://tankie.tube/w/wv44hU6NjoLgn6yrnXBQjc] By understanding Dialectical and Historical Materialism first, you make it easier to understand the rest of Marxism-Leninism. Don’t be intimidated! 4. Friedrich Engels’ Socialism: Utopian and Scientific [http://www.marx2mao.com/M&E/SUS80.html] | Audiobook [https://tankie.tube/w/nhVVanPX5WPVor7Yy7TDrp?start=3h13m40s] Engels introduces Scientific Socialism, explaining how Capitalism itself prepares the conditions for public ownership and planning by centralizing itself into monopolist syndicates and cartels. Section III: Political Economy That’s right, it’s time for the Law of Value and a deep-dive into Imperialism. If we are to defeat Capitalism, we must learn it’s mechanisms, tendencies, contradictions, and laws. 5. Karl Marx’s Wage Labor and Capital [http://www.marx2mao.com/M&E/WLC47.html] | Audiobook [https://tankie.tube/w/nhVVanPX5WPVor7Yy7TDrp?start=1h35m58s] & Wages, Price and Profit [http://www.marx2mao.com/M&E/WPP65.html] | Audiobook [https://youtube.com/watch?v=TjhVZW3HJzM] Best taken as a pair, these essays simplify the most important parts of the Law of Value. 6. Vladimir Lenin’s Imperialism, The Highest Stage of Capitalism [http://www.marx2mao.com/Lenin/IMP16.html] | Audiobook [https://tankie.tube/w/8STrUAEfwiFGRFcRsSNqtv] The era of Imperialism, which as the primary contradiction cascades downward into all manner of related secondary contradictions. Section IV: Revolutionary and Scientific Socialism Can we defeat Capitalism at the ballot box? What about just defeating fascism? What about the role of the state? 7. Rosa Luxemburg’s Reform or Revolution [https://www.marxists.org/archive/luxemburg/1900/reform-revolution/] | Audiobook [https://tankie.tube/w/k5tp58hyGPpTRUtpB79Kra] If Marxists believed reforming Capitalist society was possible, we would be the first in line for it. Sadly, it isn’t. 8. Vladimir Lenin’s The State and Revolution [http://www.marx2mao.com/Lenin/SR17.html] | Audiobook [https://tankie.tube/w/6M8bL2HGs5rGXmvThU1JG5] Further analyzes the necessity of Revolution and introduces the economic basis for the withering away of the State. Section V: National Liberation, De-colonialism, and Solidarity The revolution will not be fought by individuals, but by an intersectional, international working class movement. Solidarity allows different marginalized groups to work together in collective interest, unifying into a single broad movement. Marxists support the Right of Self-Determination for all peoples and support National Liberation movements against Imperialism. 9. Vikky Storm & Eme Flores’ The Gender Accelerationist Manifesto [https://theanarchistlibrary.org/library/vikky-storm-the-gender-accelerationist-manifesto] | (No Audiobook yet) Breaks down misogyny, and queerphobia, as well as how to move beyond the base subject of “gender” from a Historical Materialist perspective. 10. Leslie Feinberg’s Lavender & Red [https://www.workers.org/book/lavender-red/] | Audiobook [https://youtube.com/playlist?list=PLXUFLW8t2snsEPC7kkMKkZf-45FrnJTO7] When different social groups fight for liberation together along intersectional lines, they are emboldened and empowered ever-further. 11. Frantz Fanon’s The Wretched of the Earth [https://archive.org/details/the-wretched-of-the-earth] | Audiobook [https://tankie.tube/w/p/f3tK7UC2HAK1WLUNg4yVen] & Paulo Freire’s Pedagogy of the Oppressed [https://archive.org/details/FreirePedagogyOfTheOppresed] | Audiobook [https://tankie.tube/w/koxxesz38QPVKaAFr8iVTF] De-colonialism is essential to Marxism. Without having a strong, de-colonial, internationalist stance, we have no path to victory nor justice. These books are best taken as a pair, read in quick succession. Section VI: Putting it into Practice! It’s not enough to endlessly read, you must put theory to practice. That is how you can improve yourself and the movements you support. Touch grass! 12. Mao Tse-Tung’s On Practice [http://www.marx2mao.com/Mao/OP37.html] & On Contradiction [http://www.marx2mao.com/Mao/OC37.html] | Audiobook [https://tankie.tube/w/qnzYg56huhwgKYk9Py3mcR] Mao wrote simply and directly to peasant soldiers during the Revolutionary War in China. This pair of essays equip the reader to apply the analytical tools of Dialectical Materialism to their every day practice. 13. Vladimir Lenin’s “Left-Wing” Communism, an Infantile Disorder [http://www.marx2mao.com/Lenin/LWC20.html] | Audiobook [https://m.youtube.com/watch?v=Wh84f8czc7g] Common among new leftists is dogmatism over pragmatism. Everyone wants perfection, but dogmatic “left” anti-Communists let perfection become the enemy of progress. 14. Jones Manoel’s Western Marxism Loves Purity and Martyrdom, But Not Real Revolution [https://blackagendareport.com/western-marxism-loves-purity-and-martyrdom-not-real-revolution] | (No Audiobook yet) Common among western leftists is fetishization of Marxism, rather than using it as a tool for analysis and social change. This article helps rectify that. 15. Liu Shaoqi’s How to be a Good Communist [https://www.marxists.org/reference/archive/liu-shaoqi/1939/how-to-be/index.htm] | Audiobook [https://tankie.tube/w/kzi58GMjH9DzSBqz1eTXVb] Organizing is a skill. If we are to be successful, we must work to better ourselves. Congratulations, you completed your introductory reading course! With your new understanding and knowledge of Marxism-Leninism, here is a mini What is to be Done? of your own to follow, and take with you as practical advice. 1. Get organized. The Party for Socialism and Liberation [https://pslweb.org/], Freedom Road Socialist Organization [https://frso.org/], and Red Star Caucus [https://redstarcaucus.org/] all organize year round, every year, because the battle for progress is a constant struggle. See if there is a chapter near you, or start one! 2. Read theory. Don’t think that you are done now! Just because you have the basics, doesn’t mean you know more than you do. If you have not investigated a subject, don’t speak on it! 3. Aggressively combat white supremacy, misogyny, queerphobia, and other attacks on marginalized communities. Cede no ground, let nobody go forgotten. 4. Be industrious, and self-sufficient. Take up gardening, home repair, tinkering. It is through practice that you elevate your knowledge. 5. Learn self-defense. Get armed, if practical. Be ready to protect yourself and others. 6. Be persistent. If you feel like a single water droplet against a mountain, think of canyons and valleys. With consistency, every rock, boulder, mountain, can be drilled through with nothing but water droplets. “Everything under heaven is in utter chaos; the situation is excellent.” ­— Mao Tse-Tung Credits [https://lemmy.ml/comment/15046925]

    Show threadSchmooNov 16, 2024
    Capitalists are parasites who feed off of crises. Look no further than the COVID-19 pandemic, where the economy faltered and yet the ultra wealthy made record profits. These are not sane people interested in long-term sustainability, they’re egotistical psychopaths addicted to gambling, and their tokens are human lives.