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Continued thread

While its certainly true that part of why so much of the US mainstream establishment, particularly in the private sector, is willing to collaborate openly with the fascist Trump regime is because they prefer fascism to sharing, it's also true that there are clear material benefits to legitimizing and supporting the Trumpenreich regime. In what reasonable people would describe as "open corruption," Federal Election Commission data shows that the administration has dropped or frozen federal enforcement cases against "at least 17 corporations that donated to the president's inaugural fund."

commondreams.org/news/trump-co

'See How This Works?': Trump Drops Cases Against Corporations That Funded His Inauguration

"Public Citizen found that corporations facing federal investigations or enforcement lawsuits donated a combined $50 million to President Donald Trump's inaugural committee. Trump raised a record sum of $239 million for his second inauguration, the new FEC filings show.

"Corporations facing federal lawsuits and investigations aren't giving millions to Trump's inauguration out of the kindness of their hearts," said Public Citizen researcher Rick Claypool. "They are trying to buy good will. And when you're a corporation under investigation or facing prosecution, that means the government dropping enforcement actions against you. In some cases, it may even mean receiving pardons in cases in which guilty pleas have already been entered, or retractions of settlements already entered into."

Bank of America, Capital One, Coinbase, DuPont, and JPMorgan are among the corporations that donated to Trump's inauguration and subsequently had federal enforcement cases dismissed.

Public Citizen noted that Google, which donated $1 million to Trump's inaugural committee, could benefit from the Trump Justice Department's decision during an ongoing antitrust case to scrap part of a "proposed breakup plan requiring Google to sell off AI businesses."

As the article notes, dropped federal enforcement cases against corporations that paid millions to kiss the ring at the Klepto Kaiser's inauguration isn't the only way large corporate actors like Apple, Google, and Coinbase have directly benefited from fascist collaboration. Apple in particular must be delighted with Trump's decision to exempt most of its imports from his absurd tariffs; which seems like a ridiculously good return on its investment of a million dollars for Der Leader's inauguration. Finally, while I personally don't care that much about the regime's decision to monetize the Easter Egg Roll by accepting corporate sponsors, it does speak to the crass levels of greed and corruption the administration and its lawless president are willing to engage in.

On some level I understand that right now it's hard to care that much about bog standard open corruption between the Trump regime and corporate actors happy to normalize and facilitate fascism for five points a share. The Pork Reich is snatching protestors off the street, fighting a war that doesn't exist against a gang that isn't invading us while trafficking migrants to a torture prison in El Salvador, and Elon Musk is firing thousands of federal workers in a scheme to pay for billionaire tax cuts that will absolutely get people killed. There's a lot going on, and "rich capitalists are doing something terrible for their own financial benefit" almost doesn't rate as "news" in an environment like the one we're living in.

The fact is however, it's precisely because of all the other evil fascist shit is going on that private sector collaboration with the Trump regime is such an important story. As I've explained elsewhere: fascism costs American society a horrifying toll both financially and in terms of human suffering, but the installation and operation of a fascist regime can be quite profitable for some. These companies, many of whom also contribute to Republican election funds and political action committees, absolutely know what Trump is and what he means to do because Downmarket Mussolini and his minions say the quiet parts out loud on the regular. They just don't give a fuck, and are happy to help a fascist government normalize its authoritarian activities and odious ideology by touting the support they receive from respected American corporations; as long as doing so pays off on their bottom line.

There are many reasons for the rise of a successful fascist movement in an America that has always embraced what today we recognize as fascist ideology; trying to pin it down to one specific factor is a fool's errand. But if and when the history of this era is written, I'm willing to bet that rampant greed and a ruling class that lusts for power over the rest of us will rank pretty highly on the list of contributing factors to this political moment.

Archived: archive.ph/tXEjr

Common Dreams · 'See How This Works?': Trump Drops Cases Against Corporations That Funded His Inauguration | Common Dreams"Corporations facing federal lawsuits and investigations aren't giving millions to Trump's inauguration out of the kindness of their hearts. They are trying to buy goodwill."

Insiders including #Meta #markzuckerberg #Oracle Safra Catz & #JPMorgan #JamieDimon #cashed out shares worth #billions of dollars bef #Trump #tariff announcements roiled markets. Zuckerberg sold 1.1M shares worth $733M in 1st qtr. All sales were in Jan & Feb when Meta’s stock was still trading above $600, hitting peak of more than $736 on Feb 14. The #socialmedia company’s share price has since slid by 32% amid the broader #market selloff #FinancialMarkets archive.is/azkai#selection-170 #insidertrading

Da oggi si dovranno pagare supplementi aggiuntivi del 20 per cento anche sulle importazioni dall'#UE.

Anche i colleghi del partito di Trump stanno criticando sempre di più questa decisione: "Sostengo #DonaldTrump, ma non sostengo i dazi", afferma il senatore repubblicano del #Kentucky #RandPaul.

Anche il mondo degli affari sta ascoltando sempre più spesso parole d'allarme, come ad esempio quella del presidente della grande banca #JPMorgan, #JamieDimon, preoccupato per l'aumento 1/2

TARIFFS
Mastodon Post

c.im/@ManyRoads@mstdn.social

Someone who knows economics speaks!

"#JPMorgan CEO Jamie #Dimon says Trump tariffs will boost inflation, slow an already weakening U.S. economy"

What ... no mention of Trump isolating the United States from the rest of the world?!

The race is on for nations to find other trading partners now that MUSK-Trump has opted the United States out.

:

#democrats #economy #tariffs #useconomy #uspol #uspolitics

:::

c.imC.IM

#diaperdon and his lousy #business mind will most likely lead to #recession in 2025, #JPMorgan has raised the risk from 40% to 60%.

#tinyhands #trump is looking at financing the whole federal budget on #tariffs as it was in the 18th century, but then the economy also didn't grow much at all, this is what he thinks is great and miss that it's the low tariffs that gave #USA an #economical boom together with the #MarchallPlan
Where is your greatness #maga ?

Source: bloomberg.com/news/articles/20

Big Banks Quietly Prepare for Catastrophic Climate Change

#MorganStanley, #JPMorgan and an international banking group have quietly concluded that #ClimateChange will likely exceed the #ParisAgreement's 2 degree goal and are examining how to maintain profits.

The big banks' acknowledgment that the world is likely to fail at preventing warming of more than 2 degrees Celsius above preindustrial levels is spelled out in obscure reports for clients, investors and trade association members. Most were published after the reelection of President Donald Trump, who is seeking to repeal federal policies that support clean energy while turbocharging the production of oil, gas and coal — the main sources of #GlobalWarming.

"We now expect a 3°C world," Morgan Stanley analysts wrote earlier this month, citing "recent setbacks to global decarbonization efforts."

Morgan Stanley’s #climate forecast was tucked into a mundane research report on the future of air conditioning stocks, which it provided to clients on March 17. A 3 degree warming scenario, the analysts determined, could more than double the growth rate of the $235 billion cooling market every year, from 3 percent to 7 percent until 2030.

scientificamerican.com/article

#ClimateCatastrophe
#Capitalism

Scientific American · Big Banks Quietly Prepare for Catastrophic Climate ChangeBy Corbin Hiar