Friday, 4 April 2025

TRUMPONOMICS

 


“For decades, our country has been looted, pillaged, raped and plundered by nations near and far, both friend and foe alike,”-  Donald Trump .

While dramatic in tone, this sentiment resonates with a significant portion of the American public. However, this narrative of victimhood is, at best, only half the truth. The forces that have shaped America’s current predicament—economically, politically, and socially—have largely been born from within its own institutions. The Freemasons, the CIA, and sprawling American corporations, independently and sometimes in concert, have wielded an arsenal of instruments—economic pressure, covert operations, political interference, and outright military interventions—to construct and maintain global supremacy. This architecture of dominance, built on fragile moral and economic foundations, is now unravelling. What Trump laments is, in many ways, the blowback from decades of unchecked ambition.

Historically, American foreign and economic policy has often prioritized corporate interests and geopolitical leverage over ethical considerations. The CIA’s role in the 1953 Iranian coup (Operation Ajax), orchestrated in part to protect the interests of British Petroleum, is one such example. So too is the infamous United Fruit-backed coup in Guatemala in 1954, aimed at safeguarding American business interests under the guise of anti-communism. These interventions were not anomalies—they were features of a system in which American corporations and agencies played god in foreign lands, reshaping sovereign nations in pursuit of resource control and market access.

Fast forward to the modern era, and this imperialistic model has come full circle. The very forces that once extended America’s reach are now implicated in its decline. Deindustrialization, the offshoring of jobs, and the rise of the financialized economy were not orchestrated by foreign powers, but by domestic elites and institutions seeking short-term profit over long-term stability. The very corporations that once profited from empire-building now exploit global labour arbitrage, hollowing out the American middle class in the process.

In this context, Donald Trump emerges not merely as a populist, but as a gunslinger—an erratic, self-styled saviour trying to patch a sinking ship with brute rhetoric and protectionist tools. His approach to global affairs can best be described through the lens of "brinkmanship"—a negotiation tactic that involves pushing a situation to the edge of crisis to compel the other side to concede. Trump wielded this aggressively during his trade wars with China, in his strong-arm renegotiation of NAFTA (culminating in the USMCA), and in his loud criticisms of NATO members and the European Union. The objective was simple: make the other party believe they had more to lose by not making a deal.

This is the essence of what many observers have dubbed the “Trump Doctrine”—not a formal geopolitical theory, but a recognizable pattern of behaviour marked by disruption, unpredictability, and a hyper-transactional worldview. The Doctrine rejects multilateralism in favour of bilateral arm-wrestling. It prizes short-term wins over long-term relationships. It uses pressure, not persuasion, and thrives on keeping allies and adversaries alike uncertain about what comes next. In essence, Trump brought the drama and brinkmanship of The Apprentice to the world stage—this time, the boardroom was global, and the stakes far greater.

America today is ensnared in its own fragmented narratives. The unity that once held under the myth of exceptionalism is breaking down. Competing ideologies, alternative facts, and polarized media have created an epistemological chaos. Trump’s brash diagnosis of decline—though simplistic—speaks to the disorientation many Americans feel. He offers no nuanced policy blueprint, but a kind of political catharsis. He channels rage, nostalgia, and distrust into action, regardless of whether the solutions are viable in the long term.

Can he pull off his histrionic crusade? That remains to be seen. Economics, after all, is not a hard science. It is interpretive, contingent, and often shaped more by perception and power than by theory. Throughout history, many policies dismissed by the academic consensus have found unexpected success—or at least, political efficacy. Franklin D. Roosevelt’s New Deal was derided by orthodox economists of the time. More recently, Modern Monetary Theory (MMT), once ridiculed, is now entering mainstream fiscal debates.

If economists themselves can’t agree on foundational issues—from inflation drivers to fiscal multipliers—then why should Trump's actions be judged solely by traditional metrics? He may not be a scholar or a statesman, but he has demonstrated an uncanny ability to tap into the collective psyche. And that, in the realm of politics, can be more potent than technical correctness.

Ultimately, the Trump phenomenon is less about the man than the moment—a nation reckoning with its own contradictions, seeking clarity in chaos, and flirting with the idea that perhaps, just perhaps, the loudest man in the room might be the one holding the mirror.


ravivarmmankkanniappan@1757040420253.0567° N, 101.5851° E

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