Dimitroff’s Wet Nightmare
Dimitroff’s Wet Nightmare
Trump’s inauguration is accompanied by numerous monopolistic capitalists, with one even losing control of their arm.
Why the American capitalist class is so openly turning to fascism.
Reminder: The words marked in red are links leading to corresponding critique articles.
This article is part of several analyses on fascism—how it works and is misunderstood. We recommend the following:
“The Contradiction of the Foreigner” – About the contradictory relationship Musk and others have with foreigners.
“Is this fascism now?” – About the contentless “firewall” and the bland uniformity of bourgeois parties.
“On right-wing radicalism” – About the logic of fascism and why AFD voters are not stupid but understandable.
“Reversed Anti-Fascism” – About the futility of banning the AfD.
“Deportations and Refugees” – About the fundamental contradiction behind deportations.
Donald Trump is back in the White House after four years.
Under the watch of 20,000 security personnel, and despite national mourning over the death of former President Carter, with flags flying at half-mast, Trump was able to assume the office of U.S. President for the second time yesterday.
In his inaugural speech, Trump promised the beginning of a “golden age” for the United States.
He announced he would sign over 100 executive orders, including declaring a national emergency at the Mexico border and introducing new immigration policies—that is, the southern border of the United States will now be defended by the U.S. military:
„We will begin the process of deporting millions and millions of criminal foreigners back to where they came from.“
In the same statement, he signed a document with the United Nations, through which the USA withdraws from the Paris Climate Agreement.
And the WHO, that is “a big thing”—also to withdraw!
Trump emphasized the restoration of sovereignty and security of the USA and promised to “depoliticize” the Department of Justice.
He announced swift measures against inflation and energy shortages and promised to restore the integrity and loyalty of the government—empty phrases for the American population, but profit concessions for a few:
Besides the expected excellence of U.S. politics, the inauguration was distinguished by the presence of the American oligarchy:
Elon Musk (Tesla, X), Jeff Bezos (Amazon), Tim Cook (Apple), Sundar Pichai (Google), Mark Zuckerberg (Meta), Sam Altman (OpenAI)—the representatives of numerous U.S. monopolies gathered at the end of the evening on the stage alongside Trump.
Musk, who was promised the leadership of the newly created “Department of Government Efficiency” (DOGE, funny, isn’t it?), promised the obedient MAGA crowd that they could now finally create “safe cities, secure borders, efficient government spending—basic stuff.”
Of course, you can also look forward to how “awesome” it will be when American astronauts plant the first flag on Mars—all part of his plan to cut American government spending by about 2 trillion USD.
„I tell you: I will bust my ass for you!”, that’s probably the new version of “believe me, I worked hard, I was diligent (…)”.
In this spirit, he briefly greeted the audience at the end of his speech with a Hitler salute, a gesture that Musk supporters dismiss as merely a “Roman salute”—a Roman salute looks completely different (digitus salutaris, casual arm raise), and the form we understand today as Hitler salute or Saluto Romano was never present in ancient Rome, but rather in Rome of the 1920s.
Perhaps Musk simply wanted to show solidarity with Hezbollah, who use a similar gesture, and Charles Manson was probably just Hindu.
The connection between financial and political capital has never been closer in the United States than it is now, and this is not even trying to be hidden.
The American oligarchy has managed to sell at least half of the country that its open presence in U.S. politics is good because they are now successful people—they simply like to surround themselves with “intelligent people” (Trump).
For the involved monopolistic capitalists, Trump’s renewed presidency is a dream:
The withdrawal from the Paris Climate Agreement will drastically reduce production costs for the U.S. market, regulations for climate-friendly production will almost entirely disappear.
More oil drilling means that not only will oil exports skyrocket, but production in energy-intensive industries will become cheaper—especially for the AI industry, whose representative Altman was present at the inauguration, which means a free profit path.
The declaration of an energy emergency allows the Trump II cabinet to bypass environmental and production regulations for the international market—this pairs well with the withdrawal from the Paris Climate Agreement.
That the global minimum tax agreement no longer applies to the United States is the cherry on top; U.S. companies can now, as before 2023, more easily use low-tax countries and offshore loopholes to minimize their profits.
All deregulation for U.S. companies is aimed at the ongoing decoupling of the U.S. economy from the global market.
Likewise, the American corporate representatives see themselves forced, through new U.S. laws like the “PRC Risk Transparency Act“, which compels publicly traded companies to disclose more about their dealings in China, to safeguard their economy against the growing Chinese trade power by classifying numerous Chinese corporations, such as Tencent and CATL, as “Chinese military companies” and halting the export of AI technologies to China.
Trump’s large tariff plan, which is still unclear in its exact functioning, would impose tariffs of 20-60% on Chinese imports.
The major American auto manufacturers, including Ford, GM, and Tesla, have no chance to stop their declining sales against the Chinese automotive industry without radical regulations—since 2014, GM’s profits in China have plummeted by 78.5%, Ford’s by 33.5% between 2021 and 2022 alone—and although Tesla continues to grow in the Chinese market itself, it doesn’t change the fact that Chinese-made electric cars hold a 57% share of the global market. Without protectionist measures, Chinese brands like BYD and Li Auto would also undermine the profits of American auto giants domestically.
Faced with antitrust proceedings threatening their dominant position, major U.S. corporations are intentionally seeking collusion with political power to ward off state interventions and maintain their monopolistic structures.
Particularly, the regulations of the European Union, which they see as growth barriers, are a thorn in their side—they rely on Trump to act as a counterweight to the EU and provide political backing to evade stricter regulations.
After tensions during Trump’s first term, the tech giants now try to actively avoid conflicts to benefit from more stable cooperation.
They also hope for tangible economic advantages, such as preferential treatment in government contracts or international trade, especially in relation to China.
Companies like Meta have announced plans to loosen fact-checking and moderation, which not only aligns with Trump’s notions of “Free Speech” but also promotes reactionary ideas in social networks, ultimately benefiting the fascist development of the United States.
The US capital has, with the development of the trade war between the USA and China, as well as the escalation of material contradictions that threaten profit volumes internally, selected Donald Trump—the most reactionary representative of US capital today—to continue their ultra-reactionary economic and ideological course.
This is not surprising but a logical development of the decay of the material basis—the MAGA superstructure allows US capital representatives to pursue radical courses and simultaneously attribute these to effects of woke-ism and other boogeymen.
The reactionary development of the prevailing ideology in the United States further enables capital owners to ensure that horrors like “Occupy Wall Street” will not happen again—focus is turned instead to the standoff over “illegal immigrants” and the culture war.
Dimitroff lives on.