Critics Ask If Trump and Musk Are 'Intentionally Crashing the Economy' [View all]

"Are U.S. President Donald Trump, top adviser Elon Musk, and allied oligarchs deliberately trying to tank the economy in order to line their own gilded pockets?"

"Numerous observers have likened it to the 'disaster capitalism' examined in Naomi Klein's seminal 2007 book, The Shock Doctrine: The Rise of Disaster Capitalism—politicians and plutocrats exploit the chaos of natural or human-caused crises to push through unpopular policies like privatization and deregulation that harm the masses while boosting the wealth and power of the ruling class."

"'But it makes sense when you realize his goal is to create something like Russia where the economy is run by a few oligarchs loyal to him,' Chakrabarti added. 'Creating that state is hard in a large, dynamic, powerful economy with too many actors who can oppose him. So he's accelerating concentrating money and power into the hands of his loyalists while he crashes the rest out.'"

https://www.commondreams.org/news/trump-musk-intentionally-crashing-economy