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Trump's First Week-THe Real Truth

Forwarded this email? Subscribe here for more Trump's first week: The Real Story Let it be known Robert Reich Jan 26 READ IN APP Friends, Before I post my Sunday cartoon I want to share with you some thoughts about the first week of Trump II. The New York Times describes Trump as leading “a global wave of hard-line conservative populism.” Rubbish. What’s Trump is undertaking has nothing whatever to do with conservatism, which is about conserving institutions and shrinking the size of government. And it has nothing to do with populism, which is about confronting elites. Trump is leading a move to replace democracy with oligarchy. He’s implementing a plan to make the wealthiest people in America far wealthier and more powerful, including Trump himself, and to turn American democracy into a giant corporation run by a handful of absurdly rich men. He thinks he can accomplish this by getting the rest of us so angry at one another — over immigration, LGBTQ+ rights, abortion, diversity, and the like — that we don’t look upward and see where most of the wealth and power have gone. Trump’s divisive policies will cause great harm, to be sure, and we must do everything we can to protect those who are vulnerable to them. But his cruel divisiveness is deflecting attention from the main event. The media reported on all the hot-buttons Trump pushed: The government now recognizes only two “immutable” genders, male and female. Migrants (now referred to as “aliens”) are being turned away at the border. Immigration agents are freed to target hospitals, schools, and churches in search of people to deport. Diversity efforts in the federal government have been dismantled and employees turned into snitches. Federal money will be barred from paying for many abortions. All awful to be sure, but the bigger story is Trump’s consolidation of power — substituting loyalists for experts across the government, using retribution to intimidate others, purging the government’s independent inspectors general, giving the Defense Department more authority over civilian life (and putting a raving loyalist in charge), giving Elon Musk authority to cut spending and roll back regulations, and readying a massive tax cut for the wealthy and big corporations. Americans aren’t seeing this big story yet because Trump’s divisiveness is masking it. One example: Trump fired Lina Khan, the aggressive monopoly-buster chair of the Federal Trade Commission, and replaced her with corporate stooge Andrew Ferguson. As a result, giant corporations and their CEOs are now free to get even bigger — merging with one another, acquiring smaller companies, and using predatory bullying to wipe out competitors. These are key steps on the road toward even more concentrated oligarchic control. Yet what’s been reported this week is that Ferguson is purging diversity, equity, and inclusion (DEI) policies from the Federal Trade Commission. I’m not playing down the importance of DEI. I’m just saying that the really big shift is happening behind the rightward flip. In fact, the terms “left” and “right” mean less and less now. The big story is about power and wealth moving into fewer and fewer hands. Trump is the frontman. The three richest men in the world (Musk, Jeff Bezos, and Mark Zuckerberg) stood prominently before him when he was sworn in last week. Trump has appointed other billionaires to key positions. Behind them is a coterie of billionaires pushing for more oligarchic control of America (among them, Peter Thiel, Blake Masters, tech entrepreneur David Sacks, Palantir co-founder Joe Lonsdale, Palantir adviser Jacob Helberg, and Sequoia Capital’s Doug Leone). Their two key inside players are Musk and JD Vance. The oligarchs are counting on Vance to become president when Trump is incapacitated or dies in office, or clings to power beyond 2028 and turns power over to Vance. Vance will manage the final transition to an oligarchic form of government. Recall that Vance would never have been elected senator from Ohio in 2022 were it not for Thiel’s $15 million investment in him (by far the largest portion of Vance’s campaign fund). Thiel knew what he was buying. Vance had worked for Thiel’s California venture capital firm before running for the Senate and was part of Thiel’s group of rich crypto bros, tech executives, back-to-the-landers, and disaffected far-right intellectuals. Because Thiel had been a major funder of Trump’s 2016 presidential run, he had significant influence with Trump when urging him to pick Vance for vice president. Thiel once wrote: “I no longer believe that freedom and democracy are compatible.” Hello? Freedom is incompatible with democracy only if you view democracy as a potential constraint on your wealth and power. That’s the whole point. Thiel and his fellow billionaire oligarchs want it all. Their intellectual godfather is Curtis Yarvin, a 51-year-old computer engineer who believes that political power in the United States has been held by a liberal amalgam of universities and the mainstream media, whose commitment to equality and justice is eroding social order. Yarvin thinks democratic governments are inefficient and wasteful. They should be replaced with sovereign joint-stock corporations whose major “shareholders” select an executive with total power, who serves at their pleasure. Yarvin refers to the city-state of Singapore as an example of a successful authoritarian regime. The first step toward achieving Yarvin’s vision was offered by Vance in a 2021 podcast — replace “every single midlevel bureaucrat, every civil servant in the administrative state … with our people. And when the courts stop you, stand before the country, and say” – as did Andrew Jackson – that “the chief justice has made his ruling. Now let him enforce it.” Yarvin’s emphasis on the inefficiency of democratic government is the seed for Musk’s department of government efficiency, itself another step toward Yarvin’s joint-stock corporation of oligarchs. A third step: cryptocurrency substitutes for the U.S. dollar. This would shift financial controls out of a democratically elected system of government and into the hands of oligarchs who control crypto. Make no mistake: Trump’s first week was a catastrophe for many vulnerable people. But the biggest story was his startling initial moves from democracy to oligarchy. My hope lies in Americans noticing this. As I’ve said, not since the Gilded Age of the late 19th century has such vast wealth turned itself into power so unapologetically, unashamedly, and defiantly. Americans don’t abide aristocracy. We were founded in revolt against unaccountable power and wealth. We will not tolerate this barefaced takeover. The backlash, when it comes, will be stunning. Share So glad you can be here today. Please consider becoming a paid subscriber of this community so we can do even more.

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The Economist Magazine Cover For 01/25/2025

Cover Story: America has an imperial presidency Inbox The Economist Unsubscribe 10:02 AM (8 hours ago) to me The Economist Read in browser January 25th 2025 How we chose this week’s image SUBSCRIBER ONLY Cover Story How we chose this week’s image Insert a clear and simple description of the image Edward Carr Deputy editor We went into this week knowing that the news would be dominated by the inauguration of Donald Trump. We expected him to say or do something to stir headline-writers into a frenzy. But we didn’t know what form that something would take—nor how important it would be. That is why we had to be ready for two possibilities. One was intended to hold the front page worldwide if Mr Trump’s sound and fury signified nothing new. The other was that we would have to put the man on the cover—again. Inevitably, perhaps, we ended up with Plan B. One of the lines that leapt out to us from Mr Trump’s inaugural address was his praise of William McKinley, who took office in 1897. In the greatness stakes McKinley is a long way behind America’s Rushmore-ranking presidents. By bringing him up, what was Mr Trump trying to say? McKinley was an imperialist, who added Hawaii, Guam, the Philippines and Puerto Rico to American territory. He loved tariffs and he was backed by the commercial titans of the time. The new “golden age” Mr Trump envisions thus superficially resembles the Gilded Age. We thought about superimposing Mr Trump’s scowl over the face of his lesser-known predecessor. What emerged was a monstrous chimera with an uncanny resemblance to Winston Churchill. That would not do at all. This menacing treatment is much more powerful. It’s remarkable how clearly identifiable Mr Trump is by his eyes alone. Mr Trump wants to be as unencumbered by 20th-century norms as McKinley was in 1897. He has thrown off the governance reforms that were brought in after Watergate. The consensus that America should be a benign superpower, born out of the ashes after 1945, has gone, too. And Mr Trump wants more: to see America unleashed, freed from political correctness, from the bureaucracy and, in some cases, even from the law. Yet the 21st-century presidency is much more powerful than it was in McKinley’s day; and the new imperial president spies enemies to conquer not only abroad—in Greenland and Panama—but at home, too. The problem with this design lies with the hapless William McKinley. We can see 80% of his face and yet he is still completely anonymous. It could be almost anybody. Without instant recognition, the whole design fails. The Economist So we opted for a caricature. Lest Mr Trump look like a doorman at one of his own hotels, we needed to signal that we were peering back in time. We took our inspiration from Project 2025—the programme for government devised by Trump-supporting operatives (and disowned by the candidate during the campaign because it scared off voters). Mr Trump’s second term promises something old and new, an ideology from the railroad era mixed with the ambition to plant the flag on Mars. Project 2025 meets Project 1897. Mr Trump means to turn the presidency’s immense power inward as well as outward, to dominate America as no other president has since the second world war. Politics is in his favour. A long power shift away from the gridlocked Congress has left the courts and the executive in charge. That sets up a clash between Mr Trump and his felt-tip pens on one hand and the judges and their gavels on the other. America’s remaining checks and balances are about to be tested. If there is a single technology America needs to bring about the “thrilling new era of national success” that Mr Trump promised in his inauguration speech, it is generative artificial intelligence. Yet even as Mr Trump was giving his oration, a Chinese firm released the latest impressive large language model (LLM). Suddenly, America’s lead over China in AI looks in danger. We were taken by two visual metaphors for China’s success. One is to treat the cover as a windscreen, and to show Chinese AI catching up in the rear-view mirror. The other is to use a robot as a metonym for the AI that might power it—and to have a muscle-bound mechanical arm. China’s LLMs are not the very best. But they are far cheaper to make. QwQ, owned by Alibaba, an e-commerce giant, was launched in November and is less than three months behind America’s top models. DeepSeek, whose creator was spun out of an investment firm, ranks seventh by one benchmark. It was apparently trained using 2,000 second-rate chips—versus 16,000 first-class chips for Meta’s model, which DeepSeek beats on some rankings. The cost of training an American LLM is tens of millions of dollars and rising. DeepSeek’s owner says it spent less than $6m. Here is the catch-up idea in two different versions. The dragon is scary and the dice are fluffy–or, rather, they contain fluff, but it’s not entirely clear what this has to do with artificial intelligence. The wing mirror lets us get in the joke from “Jurassic Park” about the proximity of a predatory object. But the mirror is on the passenger side and it evokes electric vehicles rather than artificial brains. That is why we preferred this. We now have a skinny Chinese arm-wrestling a dench American—and holding its own. The progress of DeepSeek and QwQ makes clear that China will innovate around obstacles such as an American embargo on cutting-edge chips. If China stays close to the frontier of innovation, it could be the first to make the leap to superintelligence, with world-changing consequences. Some tech whizzes promise that the next wave of discoveries will once again put America far in front. Perhaps. But it would be dangerous to take America’s lead for granted. Cover image • View large image (“Project 1897: The imperial presidency”) • View large image (“China’s lean, mean AI machine”) Backing stories → America has an imperial presidency (Leader) → America really could enter a golden age (United States) → The success of cheap Chinese AI poses a dilemma for Donald Trump (Leader)

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"The Dread Pirate Robert" Is Out Of Jail

Ross Ulbricht is a name that 99% of you have never heard. Before yesterday he was serving two life sentences without the chance of parole. After those sentences were served, he was ordered by a US District Judge in New York City in 2015 to serve an additional 40 years in prison. An inmate serving such a draconian sentence would normally be a serial killer or a large-scale international drug dealer like El Chapo. Yesterday thanks to President Donald Trump, he is now a free man. One could say that "he won the lottery." I will not go into the merits of the pardon. Let us look at the life story of this man. He was born in Austin, Texas forty years ago. He got an undergraduate degree at the University of Dallas and a postgraduate degree at the prestigious Wharton School at the University of Pennsylvania. Ross is a very bright man. He has incredible technical skills. He is a true visionary. Had he chosen to lead an honest life, he could be a billionaire at the level of Jeff Bezos, Mark Zuckerberg, Elon Musk, etc. Ross chose a different direction in life. Perhaps it was the librarian ideology that dominated his life. He saw the potential of The Dark Web and Bitcoin. He formed an entity he called "The Silk Road." He gave himself the pen name "The Dread Pirate Robert." He built an Amazon-like platform on The Dark Web. One could use the Tor Browser to gain access to this platform. All sorts of illegal drugs were for sale. All kinds of illicit weapons were for sale. A multitude of false identity documents were on offer. Information obtained by hacking was for sale. Other contraband was on offer. The platform generated hundreds of millions in sales. Ross earned a commission in Bitcoin worth $13,000,000 or 37,681 Bitcoins. Today these Bitcoins would be worth $376,800,000. Success went to Ross's head. He started to broadcast challenges to the authorities. He did this while living in the San Francisco Bay area. He should have been living in a country with no extradition treaty with the US that gave him citizenship. Massive law enforcement resources were mobilized to find this man and stop him. One low-level IRS criminal agent in New York City cracked through all his barriers and encryptions. Ross was located and arrested without incident at a branch of the San Francisco Public Library. He was extradited to New York City. A massive criminal case was launched against him. He was found guilty of many major crimes including international drug dealing. A woman judge decided to deter others from similar conduct by imposing the draconian sentence that Ross received. His platform was taken down. His $13 million fortune was confiscated. These draconian sentences failed to deter others from setting up similar platforms on The Dark Web. I never venture into this part of the internet. It would not surprise me to hear that a tactical nuclear warhead was for sale in that segment of the web.

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What Would Happen If The US Invades Greenland?

Profile photo for Greg Brecht Greg Brecht · Follow Freelance writer, blogger, Floridian, liberal.Dec 27 What would happen if Trump invaded Greenland? If Trump as president ordered the US military to invade Greenland, we simply do not know what would ensue. Greenland has 50,000 people, an area of 836,000 square miles of mostly glacier and permafrost. It also has a strategic location, and according to some, immense mineral resources, as well as significant oil and gas deposits offshore. The US action would be seen as geopolitical theft. Such a move would destroy NATO. War within NATO seems unlikely. It’s more likely that the European Union would block trade with the US, seize American assets in Europe and either imprison or expel American citizens. It would severely damage trade. It would also enable Russian ambitions to take all of Ukraine, the Baltics, Moldava and possibly Finland. It’s worth remembering that both France and Britain have quite potent nuclear deterrence forces that are potentially capable of causing immense damage to the US.

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The Economist Magazine Cover For 01-11-2025

Cover Story: The capitalist revolution Africa needs Inbox The Economist Unsubscribe 10:02 AM (2 hours ago) to me The Economist Read in browser January 11th 2025 How we chose this week’s image SUBSCRIBER ONLY Cover Story How we chose this week’s image Insert a clear and simple description of the image Edward Carr Deputy editor This week we had two covers, on the future of Africa and Donald Trump’s promise to deport undocumented migrants. I also have news of a competition to design your own cover for The Economist, but more on that later. Although we rarely put Africa on our cover, demography is making the continent more important than at any time in the modern era. By 2030 more than half the young people entering the global workforce will be African. By 2035 one in every five people on the planet will live in Africa, compared with one in eight in 2000. Our editorial draws on a special report about what we are calling Africa’s “growth gap”. In the past decade, as much of the world has thrived, Africa has slipped behind. Income per person has fallen from a third of that in the rest of the world in 2000 to a quarter. Output per head may be no higher in 2026 than it was in 2015. Our editorial is about how to put that right. This is a beautiful image, but it tells the wrong story. Africa’s future will be determined in its towns. It depends not on copying and pasting well-meaning proposals by World Bank development economists, but on the enterprise and determination of Africans themselves. Unfortunately, the continent has a long journey ahead. Services, where ever more Africans find work, are less productive than in any other region—and barely more productive than in 2010. For all the talk of using digital technology and clean energy to leapfrog ahead, Africa lacks the 20th-century kit needed to thrive in the 21st. Less than 4% of farmland is irrigated and almost half of sub-Saharan Africans lack electricity. Here are two more ideas that focus on the problem. However, the image of Africa tethered to a spike inevitably recalls slavery; and the bar-charted zebra looks like an ad from Investec. In their very different ways, they distract from our editorial message that the world’s poorest continent should embrace its least fashionable idea: growth powered by open markets and capitalism. These designs represent a break with the past. African leaders need to get serious about growth. They should adopt the self-confident spirit of modernisation seen in East Asia in the 20th century, and today in India and elsewhere. That means building a political consensus in favour of growth. The good news is that a new generation of Africans, born several decades after independence, care a lot more about their careers than they do about colonialism. That is a revolutionary creed for Africa. We liked the energy of the fist and the allusion to Black Power, with a clutch of dollars denoting the importance of a capitalist ethos. Yellow on black was a bit gloomy, so we reversed the colours. If other continents can prosper, so can Africa. It is time its leaders discovered a sense of ambition and optimism. Africa does not require saving. It needs less paternalism, complacency and corruption—and more capitalism. In our American edition we look forward to what will be a signature policy of the Trump administration. Donald Trump has threatened to deport 15m undocumented migrants. That will not happen. Shipping out such a huge number would be extraordinarily expensive and would shock the labour market, raising the prices of goods and services that illegal immigrants help provide. And yet Mr Trump was elected with a clear mandate to deal with the enduring chaos at the border that shook the early years of the Biden presidency. Our cover was about what that would mean. The barbed wire incorporating Mr Trump’s manic moniker is quite something. Given the practical difficulties, he will surely be tempted to focus on theatrical cruelty as a substitute for real action. Expect workplace raids with camera crews in tow, harsh internment in border states and a surge in the number of ICE agents in sanctuary cities. But some of us thought this evoked prison camps rather than deportation. We looked for something different. In Mr Trump’s first term fewer people were actually deported than under Barack Obama. This time he seems to want the focus on immigration to be real. His deputy chief of staff is Stephen Miller, who yearns to restrict legal as well as illegal migration. His border tsar is Tom Homan, one of the inventors of the family-separation policy in Mr Trump’s first term. And he has threatened to deploy the National Guard to help with deportations, whereas previous presidents used soldiers only for logistical support. The deporter-in-chief has barged aside the mother of exiles and is telling the huddled masses where they can put it. Instead of cradling the lamp beside the golden door Mr Trump is pointing the way to the exit. We tried drawing a copper-green president-elect, but a photograph was better. And deporter-in-chief, a title originally bestowed on Mr Obama, was a bit obvious. No Republican politician can outflank Mr Trump on immigration. That creates the scope for a deal that combines effective border enforcement with a right to stay for the 11m or so law-abiding migrants who have long made America their home and who cannot and should not be deported. The chances are that Mr Trump will want to keep immigration as a wedge issue and to pick fights with Democratic governors and mayors. But he also has an opportunity. And now for the competition. Dedicated readers will recognise this cover-length editorial on the virtues of GLP-1 receptor agonists, such as Ozempic and Wegovy, from our edition of October 26th 2024. We would like you to design an alternative cover to ours, with your own headline, and to send it as a PDF attachment to coverstory@economist.com by Monday February 3rd. The three best entries will each receive a copy of our new “Cover Story” book, which assembles our covers of 2024 week by week. Anybody can enter, so please pass on these details to the budding designers among your friends and family. Good luck! Cover image • View large image (“The capitalist revolution Africa needs”) • View large image (“Donald the Deporter”) Backing stories → The capitalist revolution Africa needs (Leader) → Why the economic gap between Africa and the rest of the world is growing (Special report) → Donald the Deporter (Leader) → How far will Donald Trump go to get rid of illegal immigrants? (Briefing)

NATO Will Deploy 10 Ships To Protect Undersea Cables Around Finland

Neighborhood Watch Finland NATO will deploy around 10 ships to guard critical undersea infrastructure in the Baltic Sea this week, in response to recent damage to power and telecommunications cables that has heightened fears of sabotage in the strategically vital region, Newsweek reported. The vessels will remain in the area until April and will be stationed near energy and data cables to deter potential sabotage. The deployment comes after a series of incidents that saw a number of cables and pipelines damaged in recent months. These include disruptions to the Estlink 2 power cable between Finland and Estonia last month, as well as damage to two undersea cables – one linking Finland to Germany (C-Lion 1) and another connecting Lithuania to Sweden – in November. Finnish authorities are investigating the Russian oil tanker “Eagle S,” which allegedly dragged its anchor over the cables, leaving visible marks on the seabed, Politico added. Police recovered an anchor from the Gulf of Finland this week and detained the vessel for further investigation. The Baltic Sea, often referred to as a “NATO lake,” has become a focal point for geopolitical tension following Russia’s invasion of Ukraine. The region is known for its critical infrastructure and proximity to Russia’s Kaliningrad exclave. Earlier disruptions targeted a gas pipeline between Finland and Estonia in October, as well as the Nord Stream pipelines linking Russia and Germany in 2022. Observers and NATO officials have warned that these undersea cables are vulnerable targets in hybrid warfare, Around 99 percent of the world’s data flows through undersea cables, which are critical for Internet services, communications, and economic activity. The British-led Joint Expeditionary Force, comprising Nordic and Baltic nations, will use artificial intelligence to monitor suspicious vessel activity, including Russia’s “shadow fleet.” NATO Secretary-General Mark Rutte vowed to enhance military presence in the Baltic, calling the incidents “deeply concerning.” Finnish Defense Minister Antti Häkkänen welcomed the strengthened NATO and regional collaboration, emphasizing the importance of safeguarding vital infrastructure.

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South Krean Troops Are Now In Ukraine

Profile photo for Brent Cooper Brent Cooper · Follow Trial and Appellate Counsel (1993–present)Nov 2 Since Russia has deployed 12,000 regular North Korean troops into the Ukraine War, should the West respond by deploying regular troops into supporting roles in Ukraine to free Ukrainian troops for combat? It appears South Korea is sending troops to Ukraine. The stated purpose is to “monitor” North Korean troops. Apparently they are from intelligence troops. They will have several purposes: Provide intelligence for Ukraine. Collect new intelligence on North Korean capabilities for South Korea Assist in creating deception and confusion to North Korean troops Perhaps even join in the fighting. Putin should be worried he has cracked the door open for other nations to join Ukraine in the fight and others will follow South Korea. 331.9K views View 2,059 upvotes View 18 sharesAnswer requested by George Miller 1 of 12 answers 339 comments from Graham White and more

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"The Day of The Jackal"- An Incredible Television Series

In a few moments, I will recommend an incredible television series. It chronicles the life of a professional assassin who is paid up to $100 million for one killing. First, I need to make a point by discussing four incredible men who have passed through my life over the last 40 years. Bob Nicholson came into my life in late 1983. He spent twenty years in the elite British Special Air Services. He retired as a sergeant major. He decided to move his family to Perth, West Australia. He got a sad surprise when he started seeking employment. His incredible military training and achievements meant nothing to employers. He ended up being a uniformed West Australian police officer. In February of 1984, Bob saved my life one morning. When I was severely injured, he carried me with my arm over his shoulder to a nearby medical clinic where I got emergency care. Brian Laurence joined the Rhodesian Army. He was a man of exceptional talent and intelligence. He was picked for the elite Selous Scouts, the special operations branch of the army. When the white minority government was replaced with a black majority government, he was assigned to be the personal bodyguard of the new president Robert Mugabe. Brian did not like the way things were going in Zimbabwe. He decided to leave Zimbabwe. He was allowed to carry $1,000 with him. He moved to Perth, West Australia. He soon saw the same thing that Bob Nicholson saw. Employers gave him no credit for his incredible military training and experience. He ended up being a prison officer. Let us go forward to 1987. I had a job in Los Angeles that allowed me to spend a lot of time in Honduras, Guatemala, and Mexico. I met an incredible man-Clyde Tewes. He served for 30 years in the US Marine Corps. He was a gunnery sergeant in the elite US Marine Corps Force Recon unit. He served two harrowing tours in Vietnam. When Clyde retired, he found the same reality facing him that Bob and Brian encountered. His excellent military training and leadership skills counted for nothing with employers. Clyde had a generous pension and medical care from the US Marine Corps. He decided to retire. Tim Bax came into my life 5 years ago. Like Brian Laurence, he served in the Rhodesian army. He became an officer in the elite Selous Scouts, as Brian Lawrence did. When the black government took over and Rhodesia became Zimbabwe, he moved to South Africa. Tim's talent was recognized by an employer in South Africa. He went into private security and did quite well. He became a published author with several books to his credit. He now lives in the U.S. What I have discovered over the years is that around the world there are many men who served in elite special operations units. They are now under-employed or unemployed. With my respect for the 4 men above, anyone in a special operations military unit is a professional killer. A few of these men would accept an assignment to do a high-level assassination if the money was right. "The Day of the Jackal" is an incredible 10-episode series on the Peacock streaming channel in the US. The assassin, The Jackal, is played by the Academy Award-winning British actor Eddie Redmayne. He is an elite British special operations soldier who is recruited by big money interests to assassinate political leaders, business leaders, and media influencers around the world. Here is a link for those who are curious: https://www.imdb.com/title/tt24053860/?ref_=fn_all_ttl_1 This is an incredible series and worth the time to watch. Give thanks to your higher power for your good fortune in life. -JackW

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