Trump Puts the Naked Back in Naked Capitalism

The Emperor Hath No Clothes–And Is Proud of It

BILL ASTORE

MAY 30, 2025

It remains amazing to me that a man known for overselling himself, of stiffing others, a man who became notorious for saying, “You’re fired!” to a lot of ordinary people and a few celebrities as well, is somehow seen as a champion of little guys and gals. Of course, it’s not like the Democrats offered much of an alternative (Hillary Clinton or Kamala Harris as working-class champions? I don’t think so). Nevertheless, Donald Trump is about the furthest thing from a public servant to America that I can imagine. When he’s not playing golf or stirring the pot or posing and preening, he’s finding new ways to cash in as president.

Well, as Richard Nixon famously argued, if the president does it, that means it isn’t illegal. Right?

Trump is a creature of Pottersville, the nightmarish alternative to Bedford Falls if George Bailey (played by Jimmy Stewart) had decided to jump off the bridge rather than serving the humble people of his community. Lurid Pottersville, shiny and decadent and shallow, where everyone’s on the make or on the take: that’s Trump’s kind of place. It’s a wonderful life—for Trump!

Which brings me to a fine article by Juan Cole at TomDispatch, Trump of Arabia, in which Cole recounts Trump’s grasping and greedy trip to the Middle East. You gotta hand it to Trump: he knows how to party down with the sheikhs, with all the hair-flipping and exotic dancing.

One thing is certain: Trump isn’t lecturing them about democracy and human rights. It’s just gimme-gimme-gimme. Trump puts the naked back in naked capitalism. The emperor who hath no clothes.

Well, at least America got a big beautiful jet out of the deal: a “free” luxury 747 from Qatar, the new Air Force One if Trump has his way. How sad is it that the new Air Force One that America was supposed to have is years behind schedule and billions over budget? Thanks a lot, Boeing!

Maybe on his next trip to the Middle East, Trump can convince the sheikhs to help fund Medicaid and SNAP for the poor. For struggling Americans, it sure would beat luxury jets and hair-flipping.

The Trump Cabinet of Billionaires and Generals

pottersville
Coming soon to a community near you

W.J. Astore

There’s an obvious trend in Trump’s cabinet picks: billionaires and generals. The billionaires favor private enterprise, capitalism unconstrained by regulations (especially those pesky environmental ones), and a view of the world in which global warming either doesn’t exist or can be ignored for the purposes of economic growth and higher profits. The generals?  Well, they’re military men, “lifers” experienced in the ways of weapons and war, with a reputation for no compromise, especially against radical Islamic terrorism.

Trump’s latest cabinet pick (pending official announcement) is Rex Tillerson for Secretary of State. Tillerson is currently the president, CEO, and chairman of Exxon Mobil Corporation.  He’s done some big petro deals with Russia and favors lifting sanctions against that country for its actions in the Crimea.  Expect relations with Putin’s Russia to improve under Trump, not necessarily a bad thing considering the nuclear arsenals that each country has.

If past is prologue, I’d say we can count on a few big changes from Trump and his cabinet in the coming months and years:

1. Privatization and profit are the bywords.  For example, expect more charter schools and lower government funding for public schools.  Expect a low federal minimum wage (it will probably remain stagnant at $7.25 an hour), sold as helping companies with job creation. Expect an emphasis on helping the “job creators,” i.e. rich people, and a revival of trickle down economics.

2. An embrace (or re-embrace) of fossil fuels.  You can forget about major funding for alternative or green energy.

3. A rejection of global warming/climate change as “speculative” and “unproven” by science, thereby enabling more fossil fuel exploration and production.  Remember, there are still trillions of dollars to be made by extracting fossil fuels.  With that much money at stake, it’s not staying in the ground, America.

4. A repudiation of environmental protections as making America “uncompetitive” in the global marketplace.

5. More military interventionism in the cause of combating radical Islamic terrorism.  And more endless wars as those interventions fail to end the threat, creating blowback and more conflict instead.

6.  A health care system that is increasingly privatized, complicated, and expensive, making many people long for the days of Obamacare.  (People are going to love shopping for their own health care in the private sector under Trump, right?)

7. Renewed emphasis on an ethos based on endless work, knee-jerk patriotism (“We’re Number One!  At something!  Military spending!  The number of hours we work for low pay!  And for no health care!  America!”), and violence both here and abroad.  The rejection of diversity and attacks on “the Other” in the false (and dangerous) cause of “making America American again.”  Prejudice and vulgarity disguised as principled rejection of “political correctness.”

Despite Trump’s thin-skinned nature and relative ignorance of foreign affairs, I don’t see nuclear war in the immediate future.  But I do see creeping militarism and growing authoritarianism, always disguised as “necessary” and “to keep us safe.” I see more people suffering, some even dying, due to cutbacks in government aid, also in the name of “security,” e.g. cutting the deficit. I see more passion directed against marginalized people and less compassion for the afflicted. This will be couched as “realism” and as “fiscally responsible.”  I see “rugged individualism” extolled, even as government welfare is extended to corporations and financiers, again in the name of “competitiveness” and “job creation.”  In the meantime, life will indeed become more rugged for individuals as government welfare for them is cut.

As the holidays approach, many of us will watch “It’s A Wonderful Life” yet again, starring a true war hero, Jimmy Stewart.  In that movie, he wages a long battle against Mr. Potter, a greedy and unprincipled banker, the Trump of his community.  In a brief scene near the end of the movie, Stewart’s character is given a glimpse of how his beloved community of Bedford Falls would have fared if Potter had ruled unchallenged.

pottersville_burlesque
Pottersville: Trump’s kind of place

The lurid and tawdry streets of “Pottersville” are a vivid reminder to Stewart of the value of principled resistance against petty tyrants.

Whether you call it Pottersville or Trump Towers, naked greed and exploitation must be fought.  Just remember: the Potters and Trumps of the world do not fight fair.