Suvadra Chandra
There has been a hot debate throughout the world, who will win the forthcoming US election? Biden or Trump? Liberals or fascists? Here in India Hindu Nationalists have always been diehard supporters of Trump in connection with his fierce anti Muslim and anti black idiosyncrasy standing firm on white nationalism.
Differences between two major parties In US
Biden’s democratic party represents world centric liberal capitalism and Trump represents old type of state hegemony actually pointing to white nationalism. Trump enjoys the power which is a fusion of asset strippers, climate denialism and financial recklessness.
What are asset stripper , climate denialism and financial recklessness?
Asset strippers are specifically those people who manipulate the value of their asset at higher one and sell it on artificially inflated value. This is simply one type of fraud businesses while they embezzle the bank’s money. Many companies in the US had already shut down their factories and workers had no option left but to lose their jobs for the misappropriation.
Now let us focus on climate denialism.
Due to the pressure created by international environmental movements many governments have been forced to impose environmental laws on those businesses responsible for emitting greenhouse and harmful gases beyond the stipulated limit.
On disobeying of these laws certain governments are charging high compensation on them. These climate denialism groups have always tried to capture the government power with the help of their money power to amend this environmental laws in aspiration of their vested interest. This is an ongoing battle between the environmentalist groups and the business houses.
What is financial recklessness?
There are certain groups which invariably keep influencing the government to exempt their bank loans, interest and government taxes. In market they always create chaos and tap other capital in purely dishonest ways.
Who is Trump
Trump’s father was a resident of Brooklyn where he had his construction business. Remarkably he rented many buildings to only the white workers but never to a black one. In Queens state, in 1927, his father had been arrested for his connection with the infamous “Ku Klux Klan riots” according to socialist register-2019.
Trump was no exception and has developed the same outlook. In 1989 at Manhattan a white woman was raped. To exploit the news politically fake propaganda was manufactured, mushroomed and and used against five black teenagers. Needless to say, Trump took the leading role of spending $85,000 to publish this fake news in full page in four daily newspapers. In the article he wrote, “How can our great society tolerate the continued brutalisation of its citizen by crazed misfit”. The accused teenagers had to suffer in jail for 6 to 13 years but later DNA test proved the falsity of the rape charge and the teenagers were released.
On the other hand Trump showed his asset to be $6.3 billion while according to Bloomberg the reported estimate was false and the actual amount was only $2.9 billion. The disreputable phenomena signify the true nature of Donald Trump.
The facts behind his presidency
The two hedge fund billionaires Bannon and Bassie being close to Mercer articulated the game plan to portray Trump in Lime Light. Let us quickly see the introduction of Mercer given by Socialist Register- ” Mercer had only recently become interested in politics, politics of fairly standard right- wing billionaire, anti regulation, anti tax.” Bannon suggested Mercer – if we have to convince people according to your expectation then we have to develop a philosophy. “Bannon…had developed a political philosophy that show the west as decadent and under Siege by hostile force notable Islam” (socialist register 2019). They had started campaign 500 years back in Spain on how Christianity had lost power, now time has come to avenge this and with this they adjoin anti black, anti migration campaign.
What is hedge fund
Hedge fund is one kind of insurance market fund not based on people, but on speculative assets such as share, bond derivative, currency etc. Hedge fund is the most notorious culprit behind environmental disaster. Oil market speculation is significantly high for hedge fund.
How did Obama’s Rich Billionaire supporters go against him?
(1) To deal with world financial crisis in 2008 Obama administration had to save five top US banks from bankruptcy using direct government money. In order to pull over the deficit created on government fund he was compelled to impose tax on the rich people.
(2) Since the era of junior Bush many scientific reports had suggested that environmental disaster could jeopardize the national human health to any extent at any point of time. So Obama made plans on National Health Scheme called Obama Care and collected the money by imposing taxes on hedge funds. On grabbing power Trump abandoned the scheme. Eventually for this particular reason most poor Covid victims died without proper treatment.
(3) Obama administration had been imposing high compensation on the bunch of billionaires disobeying environmental regulation. Hence hardcore supporters of Obama like Koch brothers had changed their basecamp and joined the camp of asset strippers, environmental denialism.
Trump’s major role after winning the election
What Koch brothers received from Mr. Trump is ” lots of deregulation in energy, environment and finance and gain in tax cuts” (ibid)
Why do many industrialists disagree with Trump
After enablement of anti migration law by Trump Industrialists struggled to use the cheap labour of Mexico and other neighbouring countries. Moreover Trump is trying to break free from global big value adding chain and is keen to build up a shorter value chain in cooperation with Australia, India, Israel & japan to corner China. Many US based business houses already are enjoying the high profit from global value chain. So a contradiction is getting sharper day by day between state and the interest of the business houses. To satisfy the US business houses Trump has engaged himself in enforcement on Indian government to amend agriculture, labour and education policies of Indian government. Indian government is dancing on that rhythm in all possible ways.
What is the contradiction between Biden and Trump
Till today there persists a dollar hegemony on world financial circulation with the help of global value adding chain. Trump is insistent on applying his idea that being involved in global value chain state is losing it’s hegemony. Literally Trump is trying to adhere to the old type of state hegemonic imperialism. For this reason there are campaigns for white pride and white hegemony. Trump is on his way of becoming a role model which hints at none other than Hitler himself of 1930’s world. We are exceedingly eager to look up to 3rd of November to comprehend what the US citizens have so far made up.
