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The Empire, Trump and Intra-Ruling Class Conflict — Gary Olson

Summary:
Prof. Harry Targ, in his important piece “United States foreign policy: yesterday, today, and tomorrow,” (MR online, October 23, 2919), reminds us of the factional dispute among U.S. foreign policy elites over how to maintain the U.S. empire. On the one hand are the neoliberal global capitalists who favor military intervention, covert operations, regime change, strengthening NATO, thrusting China into the enemy vacuum and re-igniting the Cold War with Russia. All of this is concealed behind lofty rhetoric about humanitarianism, protecting human rights, promoting democracy, fighting terrorism and American exceptionalism. Their mantra is Madeleine Albright’s description of the United States as the world’s “one indispensable nation.” On the other hand, as Targ explains, are the Trumpian,

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Prof. Harry Targ, in his important piece “United States foreign policy: yesterday, today, and tomorrow,” (MR online, October 23, 2919), reminds us of the factional dispute among U.S. foreign policy elites over how to maintain the U.S. empire. On the one hand are the neoliberal global capitalists who favor military intervention, covert operations, regime change, strengthening NATO, thrusting China into the enemy vacuum and re-igniting the Cold War with Russia. All of this is concealed behind lofty rhetoric about humanitarianism, protecting human rights, promoting democracy, fighting terrorism and American exceptionalism. Their mantra is Madeleine Albright’s description of the United States as the world’s “one indispensable nation.”
On the other hand, as Targ explains, are the Trumpian, “America First” nationalist capitalists. This faction of the ruling class, while also supporting global dominance and a permanent war economy (military-related spending will consume 48 percent of the 2020 federal budget) favors trade restrictions, economic nationalism, building walls and anti-immigrant policies. Although Trump is inconsistent, bumbling and sometimes contradictory, he’s departed from the neocon’s agenda by making overtures to North Korea and Russia, voicing doubts about NATO as an expensive relic from the past that is being dangerously misused outside of Europe, not being afraid to speak bluntly to EU allies, frequently mentioning ending our “endless, ridiculous and costly wars,” asserting that the U.S. is badly overextended and saying “The job of our military is not to police the world.” I would add that Trump is also an “American exceptionalist” but ascribes a very different provincial meaning to the term, something closer to a crabbed provincialism, an insular “Shining City on a Hill,” surrounded by a moat.
This is a high stakes intra-ruling class struggle and neither side cares a fig about what’s best for the American people or those beyond our borders. At this point it’s impossible to know how it will play out but grasping the underlying dynamics explains much about current U.S. domestic and foreign policy. This understanding may, in turn, point toward how opponents of America’s oligarchic elites can most expeditiously use their time and energy....  
Dissident Voice
The Empire, Trump and Intra-Ruling Class Conflict
Gary Olson
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.

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