Can’t say I agree in our present political environment. While this is unquestionably true in liberal regimes, the fact remains that JP Morgan and the Rockefellers don’t have the guns
I’m not so sure. Trump agitating for Powell’s ouster is a good example of directly contradicting the preferences of the banks. Oil execs were notably nonplussed at the prospect of commiting capital towards developing Venezuelan oil fields. Tariff policy is unquestionably bad for business. As is this Greenland thing.
The influence of pure capitalist rationality is markedly subdued in the trump administration. Like sure it’s still there, but there’s a meaningful amount of ideology as well. Moreso than usual.
Greenland is full of resources that corporations want, tariffs are a weapon against countries that do the bare minimum to resist complete dominion by US corporations. If the Venezuelan government and people had folded you’d see US corporations rebuilding infrastructure for extraction already, but it’s just a bad investment right now as most Venezuelans have a terrible (and justified) view of the US.
I’m not saying the Trump administration shows careful planning, they definitely got lazier, but it’s still capitalist logic, it’s exactly how capitalists have treated foreign markets for centuries, they’re just turning the violence of the empire inwards.
Can’t say I agree in our present political environment. While this is unquestionably true in liberal regimes, the fact remains that JP Morgan and the Rockefellers don’t have the guns
Corporate interests (either via the military industry or finance capital) are definitely still the main driver of US imperial policy.
I’m not so sure. Trump agitating for Powell’s ouster is a good example of directly contradicting the preferences of the banks. Oil execs were notably nonplussed at the prospect of commiting capital towards developing Venezuelan oil fields. Tariff policy is unquestionably bad for business. As is this Greenland thing.
The influence of pure capitalist rationality is markedly subdued in the trump administration. Like sure it’s still there, but there’s a meaningful amount of ideology as well. Moreso than usual.
Greenland is full of resources that corporations want, tariffs are a weapon against countries that do the bare minimum to resist complete dominion by US corporations. If the Venezuelan government and people had folded you’d see US corporations rebuilding infrastructure for extraction already, but it’s just a bad investment right now as most Venezuelans have a terrible (and justified) view of the US.
I’m not saying the Trump administration shows careful planning, they definitely got lazier, but it’s still capitalist logic, it’s exactly how capitalists have treated foreign markets for centuries, they’re just turning the violence of the empire inwards.