Paul Krugman: "A Verdict on (the) Slaughter"
"It’s highly likely that a significant fraction of this rise reflects increased monopoly profits in an age of enshittification and the destruction of workers’ rights.
Now, thanks to the Supreme Court, trump can grant favors to the oligarchs free from legal restraint, as he completes his evisceration of the FTC, which is supposed to limit monopoly power, and the NLB, which is supposed to protect workers’ rights."
https://paulkrugman.substack.com/p/a-verdict-on-the-slaughter
#UsPol
1/n
Paul Krugman: "A Verdict on (the) Slaughter"
"Why, then, give the Fed special treatment? Probably because the Court feared the market reaction if it allowed Trump to take immediate control. The WSJ editorial openly acknowledged this concern.
Evidently, the Journal editorial board thinks it is only the little people who will be victims of Trump’s destruction of America’s regulatory institutions, while those who have big stock portfolios will be A-okay."
https://paulkrugman.substack.com/p/a-verdict-on-the-slaughter
#UsPol
2/n
Jared Bernstein writes:
"Perhaps normal presidents would resist such temptations. But giving this president such carte blanche is crazy. Name one firing or removal he’s made or attempted to make that was motivated by anything other than personal retribution, prejudice (it is not a coincidence that Lisa Cook is a Black woman), or personal greed."
https://econjared.substack.com/p/the-scotus-protects-fed-independence
#UsPol #SCOTUS
3/n
Don't give Trump too much credit. Assigning his motivations to anything in particular assumes it's not just random.
I suspect a lot of these firings is explained by one of his underlines proposing it and him blindly approving.
The firing at the heart of the FTC decision might have been motivated by wanting to get that specifically before the court, not that Trump would understand the strategy.
