Financial parasitism and the stock market surge

(In his pamphlet The Class Struggles in France, 1848 to 1850, his first assessment of the 1848 revolution, Karl Marx presented a depiction of the financial oligarchy which, despite the passing of 170 years, has only increased in relevance for an understanding of the present situation.)

[wsws.org]

(Some members of the financial elite, especially those who have recently expressed concerns about the direction in which the whole system is heading, warning of the dangers of deepening social polarisation and even possible revolution, no doubt try to disassociate themselves from the more vulgar features of Trump’s personality. But that should not be allowed to obscure the fact that in their objective mode of existence and their actions, they exemplify the same essential tendencies. The only difference they have with Trump is that he gives voice, openly and crudely, to the underlying driving forces of the financial system over which they preside.)

(This impoverishment of the working class is not some unfortunate or accidental occurrence. It is an inherent and necessary component of the processes that now form the fundamental driving forces of the capitalist economy.)

(This means that the expansion of financial wealth to ever greater heights and the consequent widening of social inequality cannot be overcome in the manner proposed by the supposed “left” Democrats, i.e., some marginal increase in corporate tax here or some tweak to the economic system there. This process is rooted the very foundations of the present-day structure of the profit system and is not some kind of epiphenomenon.)

(The ruling classes are acutely aware of the fact that the working class is moving to the left, that anti-capitalist sentiment is growing and producing an orientation towards socialism as the way forward.

An explosion of the class struggle is in the making. Some sections of the ruling elite are making a desperate effort to contain it by channelling social opposition behind the Democratic Party and its “left” wing, which holds out the illusion that some form of “progressive” capitalism is possible.

Other sections know that a confrontation is inevitable and rapidly approaching and are making their preparations accordingly. At the same time they look to the “lefts” to blind the working masses while they organise their offensive.)

(Herein lie the objective roots of the drive toward authoritarian forms of rule and the promotion of outright fascist ideology and organisations. Just as Trump’s calls for still more money to be placed at the disposal of the financial elite are only the most egregious expression of processes rooted in the very heart of the profit system, so his diatribes against socialism and his fascistic rants are the articulation of strengthening tendencies in the political superstructure in the US and around the world.)

In other words, on that last one. As I have suggested in the past, Trump may very well have been purposely placed in the white house to combat the working class movement to the left towards socialism. So I'll repeat this one (The ruling classes are acutely aware of the fact that the working class is moving to the left, that anti-capitalist sentiment is growing and producing an orientation towards socialism as the way forward.) Which would be an indication that establishment politicians needed someone to step in to do the dirty work while they attempt to cover their asses for the future after the fallout of potential uprisings. Remember my warning? These people are playing a chess game while they and their MSM have us playing checkers. They are several moves ahead of us, by years. Look at how the democratic primary went down in 2016 and what we have learned about it. It was all about Trump, we ended up with Trump, Trump is the scape goat. All paths lead to Trump and the continuance of a failed system in which in 2016 (I'll go out on the limb here) a majority of the population went the way of a new deal, towards a socialist. Republicans, Democrats, and Independent voters created a mass movement and got behind a socialist. There's little doubt in my mind that if that primary would have came out fairly without all the shenanigans, Sanders would have won. Or if Sanders had taken Jill Stein up on her offer to take the Green Party ticket, after what happened in the primary, Sanders would have won. The glove fits! We are being tested right now to see how far we'll let this go. While they are doing a dog and pony show to draw people back to the democratic party in hopes we forgot about 2016. On the limb again. The new progressives are selected pieces of the chess game on their side, for the most part. AOC at the top of them! And they are hoping that the memory of the voters is of past norms, forget what's happened and vote for more of the same. Use the beat Trump at all cost card while offering us nothing substantial. If Trump wins, they win, again.