Russia’s privatization after the Cold War, failed partially because the Russian government was too weak. It could not enforce property rights and the rule of law. Instead, the government was corrupted by the oligarchs. When Putin took over, he exchanged many oligarchs for one–himself.
When the U.S. tries to deregulate for potentially good reasons, and avoids taxes, we need to be careful that we are not setting up our own oligarchs who avoid helpful taxes and regulations at the expense of the people.
Trump is moving the United States in an authoritarian direction and there is a real question as to whether authoritarianism will consolidate, or Democracy will survive.
There are post-truth authoritarian movements in the West, and it’s not clear which countries will survive as democracies.
Many politicians won’t act against Trump because they are afraid it will hurt their careers.
“Not even shutting down the government can stop Republicans from forcing their way into corporate boardrooms these days.
The federal government is, at the moment, incapable of completing its most basic and routine task—passing a budget—and yet it is simultaneously expanding its portfolio to include a 10 percent ownership stake in an Alaskan mining company.”
“At the beginning of the war, the Taliban were almost completely routed, and the U.S. military could have left from a position of strength. The new Afghan republic announced that it had an offer from the Taliban to surrender in exchange for amnesty and a chance to participate in politics. But the Bush administration turned down that offer, settling for nothing less than total, unconditional victory.”