Overcoming the Trumping of Democracy to Restore the Commonwealth

Trump is not merely rolling back countless federal programs that attempt to protect society from the ravages of unrestrained extractive corporate capital and industrial consumerism. He is going one worse. Think of the premise of his actions and the way he frames those actions in claiming to “make America great again.” That premise is that The Great Leader knows best. Ignore and deny facts; abandon democratic process; submit to his will alone. Just have faith in The Great Leader.

EPA programs and operations Suppressed; Military energy-star efficiency trashed; national parks plundered for mining and drilling; safety, pollution, and worker protections in industry rolled back; plunder the nation’s public lands. These are some of the president’s ‘practical’ goals. We must ask, “Who benefits?” Certainly not the public.

In all of these actions and more, especially withdrawing from the Paris Climate Accords, the premise is that the maximal leader is the only legitimate source of power and correct action.

As Thomas Snyder, Yale historian has so powerfully explained in his recent small eloquent book, On Tyranny: Twenty Lessons from the twentieth Century, “the president” has embarked on actions that parallel those used by various demagogues to destroy democracies in Europe. Every American should read this brief but powerful essay on how fascism overcomes democracy. We tend to think our democratic institutions are inviable, but they are not. They are now at high and growing risk.

Every executive order by this president is an attack on some public value, from due process to environmental protection, from plunder of the nation’s natural resources to escalating military adventurism. Corruption of public values in service to private plunder is elevated to the status of an unassailable new normal. The greatest danger now is that it is easier to acquiesce than to resist.

Underlying it all is the triumph of the ego over the human instinct for civility, altruism, reason, confirmed fact, and the public good. Lies are elevated to the status of faith in the decisions of a real estate swindler indebted to Russian oligarchs, whose misogynistic narcissism and corrupt business practices we must not question.

In all this, the stock market provides an interesting indicator of the ‘state of mind’ of the investor class, including institutional investors and wealthy individuals. Shiller’s indexes of stock market confidence are now at remarkably high levels. One interpretation is that investors believe the Trumping of democracy will offer expanded opportunity for plunder capital to ravage the social and natural environments for fun and profit, even though market valuations appear much higher than underlying fundamental business value. The U.S. One-Year Stock Market Confidence Index numbers have shot up since Trump’s inauguration, reaching well beyond those seen just before historical “corrections” in market valuation preceding recessions.

Schiller one-year investor confidence index

Source: http://som.yale.edu/faculty-research/centers-initiatives/international-center-for-finance/data/stock-market-confidence-indices/stock-market-confidence-indices

As one ‘contrarian,’ Eric Parnell, a registered investment advisor, put it, “All of this implies a toxic combination. Nearly everyone is bullish, thus leaving nobody new to join the game to take on the hot potato of already expensive stock prices.” But in today’s environment, greed knows no bounds, from the offices of predatory purchasers of bad debt to the oval office, plunder is the new normal – well, not so new, but radically more normal than ever.

During the Katrina catastrophe, minor looting got all the media attention; cooperative behavior, was not sensational enough to garner media attention. However, many made personal efforts to help others. Around the world, communities are rising to protect the land, water, air, and ecosystems upon which they depend for survival. The enemy of living Earth systems, including humanity, is the endless economic growth machine that Dmitri Orlov calls the “technosphere.” The new president is the most ‘visible hand’ in perpetuating the plunder of the biosphere by the technosphere.

Resist the oppression. Replace the destruction. Restore the Earth. These choices we the people must make by learning the lessons of failed democracies of the twentieth century. These difficult actions are the only choices left to achieve the societal resilience necessary for survival. Overcoming Trumpery is a necessity in that process.

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