U.S. Politics

Trump Tariffs: The Madman Theory Applied to Economics (and what we should do about it)

Trump Tariffs: The Madman Theory Applied to Economics (and what we should do about it)

ByPaul Jay

Trump’s coalition is unraveling. What was once sold as a unified right-wing project is now fracturing into open conflict between legacy arms manufacturers, Silicon Valley militarists, Wall Street financiers, and ideological operatives like Bannon and Leonard Leo. As Trump’s chaotic tariffs wreck global supply chains, even key backers like Charles Koch and Peter Thiel are hedging their bets. Meanwhile, Corporate Democrats offer no real alternative—caught between donor loyalty and popular discontent. But beneath the elite infighting, there is a growing hunger for a real alternative—one rooted in democracy, solidarity, and working-class power. This episode exposes the fault lines of U.S. power—and why their shared refusal to confront climate catastrophe or nuclear danger puts us all at risk.

Part Five – Building a Real Alternative: Get Organized
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Part Five – Building a Real Alternative: Get Organized

ByPaul Jay

Trump’s anti-“radical left” rhetoric is aimed at grassroots activists fighting for a more just and democratic future. By reviving Cold War fears, he seeks to divide working people and weaken the labor movement. But across the country, workers are fighting back — organizing unions, running for office, and demanding real solutions to the crises we face.

Part five of this essay dives into why a militant, democratic labor movement is essential to challenging corporate power, combating climate change, and resisting the slide toward authoritarianism. From Amazon warehouses to AI ethics protests, from rail yards to classrooms — workers are getting organized.

Trump Tariffs: The Madman Theory Applied to Economics (and what we should do about it)
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Trump Tariffs: The Madman Theory Applied to Economics (and what we should do about it)

ByPaul Jay

In part one, Paul Jay exposes how Trump’s tariff policy, far from protecting American workers, is a calculated strategy to fund militarization, crush labor, and entrench corporate-nationalist rule. Behind the chaos lies a coherent project—driven by Trump’s allies—to weaponize climate denial, exploit regressive taxes, and funnel billions into AI-driven warfare and fossil fuel expansion. The so-called “Golden Dome” is revealed as a trillion-dollar boondoggle enriching tech oligarchs under the guise of missile defense. This is not economic protectionism—it’s the financial architecture of authoritarianism.

Part Four – Cracks in the Trump Coalition: Civil War Among the Elites
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Part Four – Cracks in the Trump Coalition: Civil War Among the Elites

ByPaul Jay

Trump’s coalition is unraveling. What was once sold as a unified right-wing project is now fracturing into open conflict between legacy arms manufacturers, Silicon Valley militarists, Wall Street financiers, and ideological operatives like Bannon and Leonard Leo. As Trump’s chaotic tariffs wreck global supply chains, even key backers like Charles Koch and Peter Thiel are hedging their bets. Meanwhile, Corporate Democrats offer no real alternative—caught between donor loyalty and popular discontent. But beneath the elite infighting, there is a growing hunger for a real alternative—one rooted in democracy, solidarity, and working-class power. This episode exposes the fault lines of U.S. power—and why their shared refusal to confront climate catastrophe or nuclear danger puts us all at risk.

Part Three – The Global Axis of the Far Right
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Part Three – The Global Axis of the Far Right

ByPaul Jay

Trump’s tariff war isn’t about protecting jobs — it’s part of a global strategy to empower a far-right alliance with Putin, Orbán, and nationalist movements across Europe. This episode exposes how economic sabotage and weaponized antisemitism fuel authoritarianism — and how workers and students are fighting back.

Part Two – Boast About Jobs, Suppress Worker Power
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Part Two – Boast About Jobs, Suppress Worker Power

ByPaul Jay

Trump sells his tariff agenda as a jobs boom for American workers — but it’s a smokescreen for a global attack on labor. At home, new factories are routed to anti-union states, while Trump’s appointees quietly dismantle the NLRB to block worker organizing. Abroad, tariffs target export economies like China, Vietnam, and Bangladesh, fueling layoffs and driving down wages to benefit U.S. corporate margins. It’s a calculated campaign to suppress labor power worldwide. But the chaos it’s unleashed — from domestic legal battles to global economic disruption — suggests the plan may be backfiring. Even some of Trump’s allies are starting to question whether the madness is strategic… or just madness.

Trump Tariffs: The Madman Theory Applied to Economics (and what we should do about it)
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Trump Tariffs: The Madman Theory Applied to Economics (and what we should do about it)

ByPaul Jay

In part one, Paul Jay exposes how Trump’s tariff policy, far from protecting American workers, is a calculated strategy to fund militarization, crush labor, and entrench corporate-nationalist rule. Behind the chaos lies a coherent project—driven by Trump’s allies—to weaponize climate denial, exploit regressive taxes, and funnel billions into AI-driven warfare and fossil fuel expansion. The so-called “Golden Dome” is revealed as a trillion-dollar boondoggle enriching tech oligarchs under the guise of missile defense. This is not economic protectionism—it’s the financial architecture of authoritarianism.

The Decline of American Journalism – Robert McChesney
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The Decline of American Journalism – Robert McChesney

ByPaul Jay

In remembrance of Robert W. McChesney, the esteemed media scholar and activist who passed away on March 25, 2025, we are republishing an interview that delves into his profound insights on media, democracy, and society. McChesney, co-founder of the media reform organization Free Press and author of influential works such as “Rich Media, Poor Democracy,” dedicated his life to challenging corporate control of the media and advocating for a more democratic communication system. Through this conversation, readers can revisit McChesney’s enduring contributions and the critical perspectives he shared throughout his career.

Elon Musk’s Race to Become the World’s First Trillionaire Runs Through Your Social Security and Medicare – Jeffrey Sommers

Elon Musk’s Race to Become the World’s First Trillionaire Runs Through Your Social Security and Medicare – Jeffrey Sommers

ByJeffrey Sommers

This article was originally published on February 24, 2025, on CounterPunch. Jeffrey Sommers explores how Elon Musk could become the world’s first trillionaire through the “Mother of All Privatizations” (MOAP). He traces Musk’s rise from under $1 billion in 2011 to over half a trillion during Trump’s presidency, fueled by post-2008 policies and COVID-19 stimulus. Reaching a trillion would require massive public-to-private wealth transfers—privatizing Social Security and Medicare, tax cuts for the rich, increased government funding for Musk’s firms, and public sector cuts. Sommers sees this as the final dismantling of the New Deal.

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