Sunday , December 22 2024
Home / Mike Norman Economics / Caleb Maupin — Russia, China & The White House: A Study in Bonapartism

Caleb Maupin — Russia, China & The White House: A Study in Bonapartism

Summary:
When one section of the rich violently suppresses others, and takes dramatic action at the expense of other capitalists, this is what Marxists call “Bonapartism.”... Not Napoleon but Louis and The Party of Order. In recent American history, the key issue of division among America’s ruling elite has been how to combat the rise of Russia and China as competitors on the global stage. The rise of the Eurasian superpowers is something the billionaire monopolists who run the USA find intolerable. But what can be done about it? On this point, the powers that be often disagree, and clash with each other.... Conclusion. If Trump is unable to resolve the crisis, other Bonapartist figures will undoubtedly emerge. If Trump cannot be the savior American capitalism longs for, infighting among the

Topics:
Mike Norman considers the following as important: , ,

This could be interesting, too:

Mike Norman writes We Are All MMTers Now — John Furlan

Mike Norman writes Biden’s Foreign Policy Teams Hints at War with China, Conflict with Russia — Alan Macleod

Mike Norman writes Trump Budget Seeks Deep Non-Defense Appropriations Cuts, in Break With Bipartisan Agreement — David Reich & Jennifer Beltrán

Mike Norman writes Pete Buttigieg’s Vow to Cut the Deficit Is Fiscally Irresponsible — Eric Levitz

When one section of the rich violently suppresses others, and takes dramatic action at the expense of other capitalists, this is what Marxists call “Bonapartism.”...

Not Napoleon but Louis and The Party of Order.
In recent American history, the key issue of division among America’s ruling elite has been how to combat the rise of Russia and China as competitors on the global stage. The rise of the Eurasian superpowers is something the billionaire monopolists who run the USA find intolerable. But what can be done about it? On this point, the powers that be often disagree, and clash with each other....
Conclusion.
If Trump is unable to resolve the crisis, other Bonapartist figures will undoubtedly emerge. If Trump cannot be the savior American capitalism longs for, infighting among the ruling elite is likely to become even more complex.
NEO
Russia, China & The White House: A Study in Bonapartism
Caleb Maupin
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *