From the 99 Percent to Corporate Power: The Party of the Transnational Corporation

Here’s where the Democrats are. This tells you almost everything you need to know. Donald Trump collected hundreds of billions of dollars in tariffs while resetting the world trade system to an America First default. If he is forced to give those hundreds of billions of dollars back, he won’t be giving them to American citizens. He will be shoveling that money into the gaping maw of the very corporations he tariffed. If that happens, it will mean the courts have forced the administration to take revenue that belongs in the Treasury and transfer it to soulless entities that have ever wanted only one thing: everything.

Do you remember when Democrats used to talk about the one percent and the 99 percent? Do you remember all the warnings about how dangerous it was to allow the rich to grow fat and powerful on corporate welfare? I’m not saying they ever truly believed it. Now you know they don’t. It was a slogan to rile up the rank and file. The Democrats are the party of the corporate state. They are the party of transnational capitalism. They are the political functionaries of the wealthy who fund their campaigns and reap the returns on their investment.

Democrats blow their cover when they go on television and celebrate the fact that hundreds of billions of dollars—money that could reduce the deficit, lower federal interest payments, and free up resources for the American people—will instead be handed back to corporations. Corporations will not use that money to strengthen the nation. They will use it to further consolidate their power, automate away jobs, offshore production, and deny millions of Americans the opportunity to work and provide for their families.

I have demonstrated in numerous essays that the Democratic Party is the party of transnational corporate power. They have long aligned themselves with global capital over the American worker. They oversaw the decimation of American manufacturing. They presided over the destruction of private-sector labor unions. They facilitated the erosion of wages for working Americans—not only by enabling offshoring, but by supporting policies that increase labor competition at home.

Democrats do not believe this country belongs uniquely to its citizens. To them, you are not a stakeholder in a national project. You are an interchangeable unit of labor in a global production system. Your value is purely instrumental. Your purpose is to generate surplus value for corporations so that executives and investors can enrich themselves in global markets. You are not really a citizen. You’re an input. You are not a participant in sovereignty. You are a factor of production.

That is why Democrats celebrate when policies that strengthen national economic sovereignty are dismantled. Trump’s attempt to revive a nationalist political economy—rooted in the industrial strategy associated with Alexander Hamilton and the early development of the United States—threatened the world system from which their donors profit. They are jubilant at its destruction because their patrons benefit from America’s subordination to global capital.

Although Democrats do not advocate communism, their policies produce outcomes that echo insights articulated by Karl Marx and Friedrich Engels in The Communist Manifesto. Marx supported free trade because he believed it would immiserate workers and destabilize national systems. Marx and Engels believed workers would ultimately overthrow capitalism. They would be the gravediggers who would bury the corpse of the old system. Today’s transnational corporate order offers no such resolution. Instead, it points toward something older and more hierarchical: neofeudalism. Workers are to dig their own graves.

The most frustrating part is that the dynamics behind this transformation are neither invisible nor inexplicable. They are the predictable result of identifiable political and economic choices. Yet the public is never educated about political economy or America’s true economic history. The media, owned by the same corporate forces that benefit from these policies, shape the narrative. They daily pump out propaganda, and the propaganda they pump out is that anything that appears to hurt Trump is good for America. And half the nation—with eyes wide shut—laps it up like dogs eat sick.

What the corporate media are really doing is providing cover for policies that weaken the American worker and strengthen transnational capital. And the party that represents those forces—the party that facilitates this transfer of power—is the Democratic Party.

Today, they are blowing their cover.

And tens of millions won’t even notice.

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Freedom and Reason is a platform chronicling with commentary man’s walk down a path through late capitalism.

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