Theses on Trump 2 and the USA Ruling Class
Theses on The Trump 2 Administration and the USA Ruling Class: A re-set to a new imperialist order
13th April, 2025
Introduction
The left and the working class in the USA have seen the encroachment on democratic rights and the refusal of the Supreme Court to restrict the attack on these launched under the Trump government. Several democratic rights have already been fast eroded from within the shell of the USA Constitution. Recall that President Trump was elected under bourgeois democracy. The agenda was remarkably clear from the start of the election campaign.
These short theses begin with recognising there is a core unity of the USA ruling class who enabled Trump to come to power. This unity is one that does not resist the onslaught on the working class and the notions of dissent and free speech. Despite the repugnance of some of the ruling class for him, the ruling class wants a serious restructure of the state.
But this required that was necessary to ensure a victory of Trump. Several ‘mis-steps’ of the Democratic Party were made to ensure this outcome.
For the ruling class of the USA is united on their need to secure their profit base. In this, it is necessary that it prepare for a coming battle with its major international opponent – the Chinese state. The European Union (EU) is another opponent – but one of less urgency than that of China. However, the EU – in particular Germany – has been closely tied to the markets of China in terms of both an export and an import base. So the USA ruling class is threatening it.
In order to tackle their agenda the USA ruling class regime is forced to make far-sweeping changes. These are disruptive by nature. Therefore, the goals of the ruling class of the USA now are to re-structure its state to ensure its hegemony against its main rivals, the People’s Republic of China (PRC) and the European Union.
That is why the Trump Tariff War is especially targeting the PRC. At the same time, the European Union (EU) is being threatened by Trump’s convivial relationship with Putin’s Russia. This explains the Trump vision of the Ukraine currently – as a vivid bait for Russia enabling its symbolism of what awaits the EU should it not take on the whole fiscal burden of NATO.
This all entails a major restructuring. It of course poses a most immediate threat to the working class of the USA now. But at the same time, it holds enormous threats to the world’s working class.
Only by such an understanding can the working class organise itself to resist.
1. The main problems facing the USA ruling class today
The three main problems that the USA ruling class currently faces to ensure its profits streams are:
(i) The profound lack of a manufacturing base in the USA
(ii) The tendency for the historical falling rate of profit is especially acute for the ruling class of the USA currently
(iii) The increasingly fervid competition with two major opposing blocks – the EU and China.
The Trump regime’s frantic policies are directed at all of these targets. To be clear – the Trump government represents the needs of the overwhelming majority of the ruling class.
2. Who does the Trump Government represent?
These three problems are faced by the entire ruling class of the USA.
Hence the bulk of the capitalist class of the USA – is overwhelmingly behind the Trump administration. That means at this point three major forces:
the ‘old’ industrial concerns; the ‘new’ high technology industrial concerns; and lastly the big financial corporations and hedge fund industries.
That the Trump administration was favoured by the majority of the capitalist ruling class is clearly confirmed by the manner in which the Democratic Party maneuvered in order to effectively ‘throw’ the election.
3. Ensuring the Democratic Party lost the election
The re-set to the new order, had to first ensure the Democratic Party would not be re-elected. The Democratic Party was working in tandem with the needs of the ruling class. This is clearly visible now. In retrospect, this explains the background of the major strategic ‘errors’ made by the Democratic Party during the 2024 elections.
The agenda of the ruling lass was best served by the Republican Party. To ensure the DP was not re-elected, in effect the DP campaign had to be thrown.
This was achieved efficiently, first by an evident reluctance to discard a faltering and visibly aged Biden. Thus, the Democratic Party simply refused to effectively mobilise in the 2024 Presidential election until very late. As a columnist in the NYT acknowledges, it was left with a major handicap from the start:
“The Democratic Party has a credibility gap rooted in its initial willingness to support Joe Biden’s decision to run for re-election while warning that the stakes were existential. If that was the case, then why ignore the overwhelming majorities of Americans who believed that he was too old to run and choose loyalty to a Washington stalwart over the country’s appetite for drastic change?”
Ben Rhodes; “There Is a Way for Democrats to Stop Trump and Save America”; NYT; March 21, 2025
Following this inglorious start, a weak candidate for the Presidency was put forward by the Democratic Party. Kamala Harris, was simply annointed as the Democratic candidate, without facing any possible contest from any alternatives. Harris – an ineffectual and somewhat inconspicuous Vice-President to Biden – was easily seen as being simply ‘more of the same’ as Biden.
“After Biden dropped out of the race following a disastrous debate performance, Harris was anointed to the top of the ticket, bypassing the scrutiny of a primary without a single vote being cast.”
Courtney Subramanian; “Why Kamala Harris lost: A flawed candidate or doomed campaign?”; 6 November 2024; BBC at: https://www.bbc.com/news/articles/cjr4l5j2v9do
Quite predictably, at such short notice, the major practical issues of funding were compromised. In the USA there is a peculiarly financially dependent Presidential campaign system:
“Due to the unique circumstances of an incumbent leaving the race late (July 21, 2024), the time available to run a campaign was cut short to just about 107 days. This runs drastically shorter than the typical presidential campaign, which can often take in excess of two years. Though the campaign was still able to raise a record-breaking amount in excess of $1.4 billion, many key players ultimately conceded that time was not on their side. David Plough, a senior advisor to the Harris campaign, admitted in a radio interview that there was “a price to be paid” for the abbreviated time frame.”
Gavin Stroud; “What Went Wrong With The Harris Campaign?” Princeton Political Review; January 2, 2025; at: Princeton Political Review
The final move to ensure Trump’s election was capped by a more than lack-luster campaign. Notably, the Democrats either radically ignored or minimised, inflation and its effects on working class living standards – (Hovering on the Brink of Fascism: What Happened in the November 5th 2024 USA Elections? MLRG.online December 1, 2024
No pseudo-left contender was either willing, or was enabled – to be even near to making an alternative presence felt. That included Bernie Sanders, Elizabeth Warren, and Alexandria Ocasio-Cortez (AOC).
Very early on, commentators noted the Democratic Party problems included campaigning with an ultra-right wing Republican Liz Cheney:
“On Monday, vice president and Democratic nominee Kamala Harris blitzed through the Rust Belt battlegrounds with an obscure Republican former congresswoman who lost her 2022 primary in Wyoming by almost 40 points, in an effort to appeal to suburban women. It is without a doubt one of the most inexplicable stretch-run decisions I’ve ever seen from a major party nominee, and it is a sign of deep, structural delusion inside the Harris campaign and Democratic elites. In an election that looks like it might be the closest in American history, Harris cannot afford to make any more unforced errors like barnstorming with an unpopular archconservative.
To think that some significant number of voters would be persuaded by former Wyoming Rep. Liz Cheney is to fundamentally misunderstand the moment. For one thing, a lot of people have never heard of her, and those that have aren’t particularly enamored.”
David Faris; “The Kamala Harris Campaign Is Leaning Into a Losing Strategy – Opinion”: Oct 24, 2024 Newsweek
As the campaign went on, huge strategic un-forced errors were made. Apart from ignoring the ravages of inflation on a working class (as discussed before); she also ignored key sectors of voters such as African Americans and Hispanics. To the point that sections of her own campaign team broke away to agitate in ‘secret’:
“Two days before the November election, a rogue team of campaign organizers for Vice President Kamala Harris turned a Dunkin’ Donuts in Philadelphia into their secret headquarters.
Their mission was simple: Knock on the doors of as many Black and Latino voters as they could in neighborhoods that they believed the Harris campaign had neglected in its get-out-the-vote-operation. And they could not let their bosses find out.
They called it Operation Dunkin’kirk, a gallows-humor joke about the desperate World War II mission to save Allied troops trapped by Nazi armies in France.”
Nicholas Nehamas, Maya King & Zolan Kanno-Youngs
“How Alarmed Harris Staffers Went Rogue to Reach Black and Latino Voters” New York Times; Dec. 7, 2024
4. Restructuring the State – removing basic democratic rights and disempowering workers
To optimally achieve facing its current targets, the USA ruling class is attempting to carry through major changes. These aim at no less than the complete submission of the working class and the working class or petit-bourgeois managers of the state.
To effect this, the ruling class aims to erase a whole era of reforms in the USA post-war. That gave some crumbs to the working class. These included some free speech rights, some miserly health care access, some educational benefits to its children, and some measure of pension support.
While these were always small in comparison to the substantial post-Second World War reforms introduced into capitalist Western Europe – they did lighten the burden of the working class. In any case, whether in Western Europe or in the USA – they were ’crumbs’. In the USA, even these smaller crumbs however, are being removed or even further minimised. While the same process is occurring in the other capitalist countries, in the USA, it has a particular edge. What concretely is entailed in this attack?
A brief summary would certainly have to include these elements:
i) The removal of hitherto rights of ‘free speech’ as commonly understood within the norms of bourgeois democracy. This is linked to…
ii) Forcing universities to rescind notions of ‘free speech’ in order to obtain Federal and in many cases, State funding. This is explicitly linked to…
iii) An intensified anti-Palestine rights drive, itself linked to…
iv) Threatened or actual deportation of those speaking out such as Mahmoud Khalil (The Mahmoud Khalil Case – Trump’s Renewed Assault on Free Speech and Dissent”; MLRG.online at March 18, 2025 at MLRG.online March 18, 2025) and several other individuals, especially vocal students.
v) Removing what few trade union rights remain following the assault by former President Ronald Reagan. The current renewed assaults include new sttae level laws including those in Utah and Michigan:
“As Trump and Elon Musk carry out their anti-union agenda in Washington DC, Utah passed a law that prohibits collective bargaining by public sector workers, and a Michigan company refused to move forward with a union election… Trump’s order to end collective bargaining by 50,000 airport screeners and then a far-reaching order to rip up union contracts and prohibit bargaining for over a million federal employees at more than a dozen agencies, including the state department, the treasury and health and human services. Trump and Musk have also fired tens of thousands of federal workers while disregarding protections in their union contracts. Moreover, Trump fired Gwynne Wilcox, who was the National Labor Relations Board’s (NLRB) acting chair. . .
Trump’s anti-union and anti-worker actions have been piling up. He rescinded the $17.75-an-hour minimum wage that federal contractors must pay their workers. He issued an order to kill the Federal Mediation and Conciliation Service, which seeks to settle potentially disastrous labor disputes. He nominated a management-side lawyer, Crystal Carey, to be the NLRB’s general counsel; her law firm represents anti-union employers, including Amazon, SpaceX and Tesla… Today, just 6% of private sector workers are in unions, while 32% of public sector workers are. Anti-union ideologues are increasingly targeting public sector unions, which often support Democrats. ”
Steven Greenhouse, ‘Trump and Musk are setting the example’: how companies are becoming emboldened to be more anti-union”;Guardian April 7, 2025;
vi) The corruption and enchaining of the judiciary. In a carefully prepared long sloping ramp built over the last decade, the courts were stacked with pro-Trumpite followers. To cow the remainder, the few holdouts in the lower courts are vilified publicly by Trump and his acolytes. Ultimately, any legal challenges end simply at the Supreme Court. That, thus far has lived up to Trump’s expectations.
In one example, the formerly illegal deportation of Venezulaens to a barbaric holding prison in the currently despotic El Salvador was excoriated by a brave lower court judge James E. Boasberg. However:
“The Supreme Court ruled… that the Trump administration could continue to deport Venezuelan migrants using a wartime powers act for now, overturning a lower court that had put a temporary stop to the deportations. The decision marks a victory for the Trump administration, although the ruling did not address the constitutionality of using the Alien Enemies Act to send the migrants to a prison in El Salvador. The justices instead issued a narrow procedural ruling, saying that the migrants’ lawyers had filed their lawsuit in the wrong court.”
Abbie VanSickle; “Supreme Court Clears Way for Venezuelan Deportations to Resume, for Now”: New York Times; 7 April 2025
In a related case the Chief Justice of the Supreme Court dismissed the ruling of lower court Judge Paula Xinis:
“Chief Justice John G. Roberts Jr. on Monday temporarily blocked a trial judge’s order directing the United States to return a Salvadoran migrant it had inadvertently deported. The chief justice, acting on his own, issued an “administrative stay,” an interim measure meant to give the justices some breathing
room while the full court considers the matter. The order came just hours after the administration asked the court to block the trial judge’s order instructing the government to return the migrant, Kilmar Armando Abrego Garcia, by 11:59 p.m. on Monday. “
Adam Liptak; “Supreme Court Temporarily Blocks Order Requiring Return of Wrongly Deported Migrant”; NYT
In another case, the Trump government’s arbitrary firings were legitimised over-ruling the lower court Judge William H. Alsup:
“The Supreme Court on Tuesday blocked a ruling from a federal judge in California that had ordered the Trump administration to rehire thousands of fired federal workers who had been on probationary status. The court’s brief order said the nonprofit groups that had sued to challenge the dismissals had not suffered the sort of injury that gave them standing to sue.”
Adam Liptak ;“Supreme Court Pauses Ruling Requiring Rehiring of 16,000 Probationary Workers”; NYT 8 April, 2025
vii) Attacks on large legal firms to ensure they do not assist the launching of claims against, or restrictions of – the Trump regime. Indeed they are forced to work for the Trump regime in further erosions of the laws supporting democratic rights.
5. Trump’s tariff wars fits the agenda of the whole USA ruling class
The trade policies aimed at China, Canada, Mexico – and even Europe – do not purely stem from the two Trump Governments. There is a continuity between Democratic Party and Republican Party policies on these questions.
We have outlined this previously – where in more recent years the close tracking between the two parties and the polices to the autopact showed. (See The Goals of Trump’s New Tariff Wars
MLRG.online March 14, 2025 )
Trump flourished much theatre and spectacle to announce new tariffs on the so-called ‘Liberation Day” of 2nd April.
These targeted many countries with huge tariffs. An initial abrupt fall in the world’s stock markets, and an accompanied fall in Treasury bonds in the USA – did not lead to an immediate retreat. But after these elicited counter-tariffs from the EU, they were put on a “pause”. That is to say most were left at an increased rat4e of 10%.
Except – for those directed at China – which was set to 145%
This confirms that the main target of the USA government at this time is indeed China. Indeed the tariff rates on China are as of now, at a crippling 125% rate. But, only at the time of writing… since the rates go up and down virtually by the minute.
The aims of the Trump tariff wars are to return as much manufacturing to the USA home geography (“reshoring”); profit as maximally as possible from the revenues raised; and limit as much as possible the growth of its competitors.
China’s response has been:
i) To impose counter-tariffs which now stand at 125% on goods from the USA.
ii) Restrict its monopoly of rare earth minerals. We had noted previously that this was a major ‘card’ that the Chinese state held: These are essential for the computer, communications and chip industries:
“Automobiles, electric battery sector, and tariffs… related to the development of computer technology and the change in energy supply is the shift of automobile industrial development into the battery-based rechargeable Electric Vehicles.
This has prompted the surge in tariffs in several world markets. While this move largely started in the USA, the European Community has readily joined this lobby. Undoubtedly it is aimed at China and its ability to translate low cost labour into a competitive alternative to the USA and European automobile industries. As part of the tariff package has come the restrictions on chip technology that are being urged by the USA. Again the target is mainly China.
China of course is hitting back. One advantage it has is a near-monopoly on key components, including dysprosium. A “rare earth.. it is highly heat resistant… (and) increasingly important for advanced semiconductors“:
“In a series of steps made in recent weeks, the Chinese government has made it considerably harder for foreign companies, particularly semiconductor manufacturers, to purchase the many rare earth metals and other minerals mined and refined mainly in China….”
In: “The USA 2024 Presidential Elections – Should socialists advocate election boycott?“; MLRG.online October 28, 2024 ; Cited from Keith Brasher, “China Tightens Its Hold on Minerals Needed to Make Computer Chips”; New York Times 26 October, 2024)
These have been brought into a renewed and more recent prominence on 13 April 2025:
“Beijing has suspended exports of certain rare earth minerals and magnets that are crucial for the world’s car, semiconductor and aerospace industries.. .
China has suspended exports of a wide range of critical minerals and magnets, threatening to choke off supplies of components central to automakers, aerospace manufacturers, semiconductor companies and military contractors around the world.
Shipments of the magnets, essential for assembling everything from cars and drones to robots and missiles, have been halted at many Chinese ports while the Chinese government drafts a new regulatory system. Once in place, the new system could permanently prevent supplies from reaching certain companies, including American military contractors.
The official crackdown is part of China’s retaliation for President Trump’s sharp increase in tariffs that started on April 2.
On April 4, the Chinese government ordered restrictions on the export of six heavy rare earth metals, which are refined entirely in China, as well as rare earth magnets, 90 percent of which are produced in China. The metals, and special magnets made with them, can now be shipped out of China only with special export licenses.”
Keith Bradsher, “China Halts Critical Exports as Trade War Intensifies”: NYT; 13 April 2025
6. The attitude to the European Union – restructuring of international alliances
The potential threat of the EU economic force became difficult for the USA ruling class. The prime target of USA anxiety is Germany – until recently the locomotive of the EU imperialists. In 2021 we wrote the following of Mrs Merkel’s legacy:
“In foreign policy, Merkel’s problem was complex. She had to repair bridges to the USA, broken by Schroder, but after Obama she was faced by Trump. That forced the EU to shore itself against Trumpite protectionism. At the same time, Merkel tried to steer Germany’s independent role as the dominant nation even within the EU itself. Finally China was a close trading partner. Hence, Merkel resisted USA attempts (under both Trump and Biden) to shut down trade with China. She has been unable to fully reconcile all this, and her class will have to play that game further… Finally, Germany is far more favourably disposed to both Russia and China, than either many of her EU partners or the USA. In particular, German trade with China had become crucial for Merkel to protect. . .
“Ms. Merkel is a firm believer in engagement with China, Germany’s most important trading partner. More than 212 billion euros worth of goods — over $250 billion — were bought and sold between the two in 2020, according to German government figures…
“In 2020, trade between the two countries was more than 212 billion euros – more than between China and the UK, France, and Italy combined. Germany’s major automakers Volkswagen, Daimler, and BMW generate significant profits in China, and Volkswagen alone accounts for almost 20 percent of China’s passenger vehicle market.”
“An Initial Assessment of Angela Merkel’s Legacy”; at Berlin Left 25th July 2021;
The pan-European shock became intense almost as the Trump regime took power. The coming storm was signalled vehemently by Vice-President Vance who at the Munich Security conference tore into the anti-AFD so-called ‘Brandmauer’ or firewall (See “The ‘Metamorphoses’ of Would be CDU Chancellor Friederich Merz and the 2025 German Federal Elections” MLRG.online 7February 2025;)
Overnight, the Trump regimen tore up the prior post-war understanding of an alliance of the USA with Europe including NATO.
Underlying this attack on the EU are two related causes – firstly, to pressure the EU to pick up the bills for the NATO forces; and secondly, to pressure the EU not to continue to have good trading relations with China. This targets mainly Germany.
A pro-Trump and conservative biased economist – Oren Cass – gives the lay of the land, or the underlying calculations:
“In February, Secretary of State Marco Rubio gave an answer that provides the best starting point for understanding the Trump administration’s actions. “It’s not normal for the world to simply have a unipolar power,” he observed. “That was an anomaly. It was a product of the end of the cold war, but eventually you were going to reach back to a point where you had a multi-polar world.”
This belief that American hegemony has ended is foundational to the “New Right” view that has become increasingly influential in Washington. As Elbridge Colby, who was confirmed this week as the Pentagon’s policy chief, wrote in 2021: “For the last generation, one nation has wielded unmatched military power [and] bent the international financial system to its will.” For its allies, “America’s tutelage was easy, its burden light — certainly compared to history’s other real or aspiring hegemons. Those days have come to an end.”
In the new multi-polar world that would supplant the “liberal world order” of the post-cold war decades, the US would lead an economic and security alliance anchored by the major market democracies, while conceding to China a sphere of its own. Participation in the US-led bloc would require compliance with certain demands, chief among them balanced trade, with no country running a large surplus or deficit at the expense of the others; each member taking the lead in providing for its own security; and a joint commitment to exclude China from their markets. “
Oren Cass, “Europe must choose between America and China”; Financial Times; April 13, 2025
As recently as 20th January 2025, the boss of Mercedes Benz was pushing for China to open factories inside the EU block borders:
“The EU should encourage Chinese carmakers to open more plants in the bloc as part of a deal to drop punitive tariffs on imported Chinese electric vehicles, the boss of Mercedes-Benz has said.
Ola Källenius, who is also president of EU car industry body Acea, said China had asked European carmakers to invest domestically to access its market decades ago, and that approach could form part of a solution to the trade dispute.”
Andrew Bounds and Kana Inagaki “EU should welcome Chinese car factories, says Mercedes chief”; Financial Times, 20 January 2025
Vance’s later uncouth provocative behaviour at Munich, and Musk’s embrace of Alice Weidel and the fascist AfD of Germany – were calculated to threaten the German ruling class, but also the other ruling classes of EU:
“Rather than confront the threat from heavily subsidised Chinese competitors, the German automakers have generally argued against any trade protection, for fear that retaliatory action in China would put their short-term profits at risk. Instead, they are encouraging Chinese firms to begin manufacturing within Europe’s borders. Mercedes is now one-fifth owned by the People’s Republic. The US strategy relies upon its most valuable allies preferring its partnership to China’s, even under a revised arrangement that asks more of them. In most cases, that seems a safe bet. But with Europ,e the question is more acute. From its declining population and self-sabotaging energy policies to its crisis of democratic legitimacy and lack of innovative technology, the continent’s strategic value and leverage is at a low ebb. As is its will to make hard choices, accept sacrifices and resist the short-run allure of access to the Chinese market.
This was the subject of vice-president JD Vance’s controversial remarks at the Munich Security Conference in February…
On Wednesday, (i.e April 9 -Ed) Treasury secretary Scott Bessent warned European leaders that moving towards China “would be cutting your own throat”. On Thursday (ie April 10), the EU began discussions on lowering barriers to Chinese electric vehicles. ”
Oren Cass, “Europe must choose between America and China”; Financial Times; April 13, 2025
This has already now opened up a potential divide between the EU as a whole and Germany. For the EU as a whole the EU President Ursula is ready to wield counter-measures aimed at the high tech software and electronic media branches of USA industry:
“European Commission president Ursula von der Leyen in an interview with the Financial Times said Brussels was readying retaliatory measures should these talks fail, including a possible tax on digital advertising revenues that would hit tech groups such as Amazon, Google and Facebook.
But Germany on Friday cautioned against such a move.
“We simply have to be cautious with digital corporations because we have no real alternatives to the offering by the American digital industry,” said German finance minister Jörg Kukies, mentioning data centres for cloud services and artificial intelligence.
Paola Tamma;“Germany warns against EU hitting Big Tech in retaliation to Trump tariffs”; FT April 13
Von der Leyen is ready to roll:
“The EU is prepared to deploy its most powerful trade measures and impose levies on US digital companies if a 90-day negotiation window fails to reach a deal that would reduce Donald Trump’s wave of tariffs against Europe, Ursula von der Leyen told the Financial Times in an interview.
While she wants a “completely balanced” outcome with Trump, the European Commission president said she was also drawing up a range of retaliation measures should the talks break down…
“Von der Leyen said the UAE wanted to conclude a trade deal with the EU within “months”, alongside ongoing negotiations with Malaysia, Thailand, the Philippines, Indonesia, India and others.
“They all want to have a trade agreement with us,” she said. “The goal is to have more trade deals and to understand where we can work together… and come back to the principle that trade is a vehicle for prosperity.”
“So many countries around the world [want] to work closer with us together, to balance the system and to have free trade really competing on quality and not around tariffs,” she said.”
Henry Foy; “Why von der Leyen expects Trump’s tariffs to help the EU strike trade deals“; FT April 13th, 2025
But Germany cautioned against such a move.
“We simply have to be cautious with digital corporations because we have no real alternatives to the offering by the American digital industry,” said German finance minister Jörg Kukies, mentioning data centres for cloud services and artificial intelligence.
“There are products where the ability to substitute from other services and other goods from other regions of the world is easy, and there are sectors where it is more difficult,” he said ahead of a meeting of European finance ministers in Warsaw to discuss the economic impacts of trade tensions.
Kukies said that the bloc should prepare retaliatory measures, but added: “We just have to be nuanced and differentiated.”
Paola Tamma;“Germany warns against EU hitting Big Tech in retaliation to Trump tariffs”; FT April 13
The USA pressure has not thus far met with a single united counter-USA EU plan. However, in the meantime, most EU governments are indeed ramping up “defence” (Ie offense) armament expenditure.
7. How does the Russian invasion of Ukraine fit into this new developing architecture?
The Ukranian war was launched by the revanchist and imperialist Russian Putinite regime. It was for a long time resisted by the section of the ruling class that was most represented by the Democratic Party. This remains perhaps the only major division that remains at the level of the USA ruling class.
Nonetheless, already even the Democrat-Biden Government was pushing for Germany to expand its armament shipments to Ukraine, to alleviate the burden on the USA. (“Roars from the Leopard – But What Lies Behind its Spots?”; Berlin Left 25 January 2023;
Now the dominant force has determined to push the EU even further. It was to this end that President Yelensky of the Ukraine, was publicly humiliated in a set-up ‘trial by TV and video’ show in the White House, by Trump and Vance. The implicit threat they and their newly minted Pentagon leadership use – is to is to dangle the Ukraine as a bait for the Russian Putinite imperialists. The Baltic states, and all of Central Europe can only too visibly see that the USA can choose not to defend their states from any further Russian invasions.
Conclusion:
At the time of writing, the situation is far from resolved.
In this set of theses, we have not deal with the financial intents of the Trump regime. These have to do with the issue of the dollar hegemony, on which we have written previously (In 1992 “Crisis in capital and their solution – free trade and protectionism in developed countries”; Alliance (Marxist-Leninist); Number 3, October 1992; at
And from 2018 in:“What is Behind Trump – Is There Method Behind His Madness? (2018) At MLRG.online 2025
The Dollar Confidence Trick that we noted there has been of substantial benefit to the ruling class. As one doyenne of the European ruling class – Charles De Gaulle said – it was comparable to an “atom device”:
“De Gaulle remarked that the effect of Bretton Woods had been to enable a USA attack using dollarization of the world economy, and warned graphically, that:
“The Americans only used the atom device twice on Asia… but they use the dollar on Europe every day”.
“What is Behind Trump..” MLRG.online Ibid at p.79; Cited from Palmer, John: “Europe without America? The crisis in Atlantic Relations”; Oxford; 1988; p.62
Another doyenne, the British stooge of the USA – Harold Macmillan – simply marvelled and applauded it:
“I rejoice at what Reagan is doing. He has broken all the rules, and all the economists are furious… Five million new jobs.. and at the same time inflation has been kept quite low. It is a miracle; the House should know how it has been done. I think I know how it has been done: it is because they have had the sense to make somebody else pay for it… In a word, Reagan (to reverse Keynes) has called in the resources of the old world in order to finance the expansion of the new.”
Earl Stockton, Harold Macmillan, Maiden Speech to the House of Lords. November 1984. Cited by Marris S. Deficits and the Dollar, Marris.S. Institute for International Economics. Washington, 1987; p. 1; cited in Alliance (Marxist-Leninist); Number 3, October 1992; at Alliance 1992
However – the Dollar Confidence trick needs re-jigging for today’s markets. We will examine this in a separate work to come shortly.
