I hear that Wall Street is all excited about a Trump Presidency. They should be. I’d like to comment on this, but first let me admit that I have absolutely no qualifications to offer any sort of informed analysis. In fact I’m probably the least qualified financial analyst possible. As amazing as it may seem, I am literally an Economics 101 drop out.
How is it possible to fail one of the easiest undergrad filler classes you ask? Well back in Econ 101, the professor instructed us that we had to “play the game.” We were explicitly told not to consider any common sense, logic, or real-world experience while participating in his discussion sessions. We were admonished to simply play along and accept his premises as presented, however absurd they they may seem.
I had trouble participating in these discussions. In fact, at one point the professor called on me to select either option A or option B for some hypothetical scenario. I told him that I could not choose either one because they were both ridiculous. As this was not my first uncooperative infraction, he told me that I should either “play the game” or drop his course. I stood up, gathered up my books slowly, and announced that I chose option C, dropping the course. Then I took a long walk up the lecture hall steps and across to the back door to give my fellow students as much time as possible to consider what they hell they were learning in this idiotic class.
Although I never did “play the game” to the end to see how it all came together, I suspect that the professor never actually got around to showing how all of his ridiculous economic scenarios applied to the real world. I suspect that all of my former classmates came away only with the expected understanding of our crazy capitalist system, and with absolutely no recollection of the sanity that they were required to abandon in order to accept it.
Now most of us do accept as we are constantly led to believe by the media, that when the Dow and the Nasdaq are excited, we should all be excited. And here I am, without the insight gained by completing even Econ 101, epically unprepared to understand why we should all be excited by Wall Street’s enthusiasm for Donald Trump.
Yet it seems to me that Wall Street gets excited over one thing and one thing only, higher profits for shareholders. Profits are not increased by the things most of us want like more jobs, higher wages, better benefits, a cleaner and safer environment, or greater consumer protections. In fact profits go up most dramatically when these things can be reduced, circumvented, or eliminated completely.
Wall Street gets excited when businesses can replace jobs with machines or cheap overseas labor. They get excited when they can lower wages or benefits to increase profits for shareholders. They get excited when they can be shielded from corporate malfeasance or pollute our environment or bankrupt retirement funds to hand out executive bonuses. The markets go up and down all the time. Usually when they go up it means nothing good for the workers or for the consumer.
These are all things that Wall Street expects Donald Trump to help them do as President. Is it any wonder they are all excited?
One thing that Wall Street loves most of all are disasters. Disasters make bankers salivate. Life is full of its little ironies, and as it turns out I just moved away from New York City after 10 years of living literally on Wall Street. In another strange twist of fate, I worked on Church Street (I’m a devout atheist). Anyway, back on point. I used to meet lots of financial types. I remember after a tornado leveled some towns in the South, these guys were like kids in a candy store. They could hardly contain their enthusiasm over this disaster and all the new loans and sales it would create.
Make no mistake. The election of Donald Trump was a huge, mega-disaster. No wonder my former Wall Street neighbors are getting erections. Disasters create opportunities for massive profits for the already wealthy. But for all the rest of us? Well they are still just disasters. Maybe we all just need to forget reality and simply “play the game” when CNN Money and The Economist reassure us that Wall Street is bullish over a Trump Administration.
For those of you under 50, The Monkees were a band that was big in the 1960’s. Though they started out as a marketing contrivance by record producers hoping to compete with the Beatles, they quickly asserted their independence and sang out with their own unique voice to help define the times we lived in. For many pre-teens like me growing up then, The Monkees were incredibly influential in shaping our worldview.
A lot of what is says is well-taken tough love, but it does generalize too much. It paints all men as Dodo Birds, and all women by implication as enlightened beings. Certainly there are far too many men, largely Trump voters, who absolutely need to go extinct as quickly as possible for the good of all humanity. But huge numbers of men vehemently reject Trump and all he stands for.
But this should come as no surprise. After all, all of religion is nothing but selling lies. It
As long as we are reduced and diminished to a Nevers attitude of elections and leadership in this country, we are pilot and copilot struggling for control of the cockpit as the plane races into a mountainside. We are Darth and Luke fighting each other when only united can they hope to oppose the truly evil Emperor. Only when the Nevers fade away and we once again express affirmative support for civil, respectful candidates who commit to work together to solve problems, rather than working merely to destroy each other, can we thrive and survive as a people and as a nation.
Probably the most hypocritical ethical fallacy that incenses my sensibilities is the “Forgiveness Fallacy.” This is typically invoked by Christians, particularly Evangelical Christians, to serve as both a shield and a sword. Whenever one of their own is guilty of wrongdoing, they insist that we must forgive and that only God can judge. However, when the guilty party is not one of them, they insist that only God can forgive and that we must never forget nor forgive. Seems to me that it is those who most need forgiveness are the ones to advocate for it most strongly, but only when it benefits them.
If, after all this, you still feel compelled to vote third-party, think about who you are supporting with your symbolic vote. Johnson and Weld are Libertarians. They claim to be “fiscally conservative and socially liberal.” But this is a HUGE LIE. They are only socially liberal in as far as they support the legalization of pot and a woman’s right to choose. But they also support privatization of almost every social institution including education, the right to own assault weapons, eliminating all corporate taxes, instituting a hugely regressive consumption tax, trusting in the private sector to stop climate change, and eliminating almost all regulations. The list goes on and on. These guys are not socially liberal since all of their “fiscally conservative” positions are actually
I am eternally fascinated by swarm intelligence and emergent behaviors. These terms describe the phenomenon by which individual organisms, following only simple local logic without any wider intent or awareness, contribute to highly complex and far-reaching behaviors that “emerge” or arise out of their collective activity.