Global Economy and Trump the Menace : A Close Glimpse

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Sukla Sen

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Apr 6, 2025, 9:26:49 PM4/6/25

to foil-l, Discussion list about emerging world social movement

Some of our radical pundits would thus characterise this newly launched campaign of insanity (of course it's definitely more than insanity, but at its very core lies utterly ugly right-wing insanity): "If the first month of Donald Trump’s second term as US President is any indication, global capitalism—under US hegemony—appears to be undergoing an internally driven restructuring. It must be noted that this process, as other restructuring episodes in the past—the New Deal following the Great Depression and the embrace of neoliberalism following the inflationary crisis of the 1970s—is driven by policy."

(Ref.: <https://frontline.thehindu.com/columns/donald-trump-second-term-global-capitalism-restructuring/article69257999.ece>.)

So, it's a "policy" driven attempt at "restructuring global capitalism".

So very। scholarly and imposing!

<<Facebook-parent Meta CEO Mark Zuckerberg saw the largest drop in net worth on April 3, losing a staggering $17.9 billion. As per Bloomberg Billionaire Index, Amazon founder Jeff Bezos, Apple CEO Tim Cook, Facebook founder Mark Zuckerberg, Nvidia CEO Jensen Huang, Tesla CEO Elon Musk and several others from the world’s richest 500 list collectively lost $208 billion in market value.

The sharp decline came after the US President Donald Trump announced a new wave of "discounted" reciprocal tariffs, triggering panic across financial markets. Wall Street recorded its worst trading day in years, as all major US stock indexes suffered their biggest single-day drops since the COVID-19 pandemic.>>

(Ref.: <https://timesofindia.indiatimes.com/technology/tech-news/as-wall-street-bleeds-tech-ceo-who-saw-billions-wiped-from-his-wealth-in-single-day-and-he-is-not-elon-musk/articleshow/119999401.cms>.)