theguardian

Opinion

Donald Trump

On Labor Day, remember this: Trump's America works only for the rich

O n Labor Day weekend, eight weeks before one of the most consequential elections in American history, it’s useful to consider the inequalities of income and wealth that fueled Donald Trump’s victory four years ago – and which are now wider than ever.

No other developed nation has nearly the inequities found in the US, even though all have been exposed to the same forces of globalization and technological change. Jeff Bezos’s net worth   recently reached $200bn and Elon Musk’s $100bn , even as 30 million Americans reported their households didn’t have enough food. America’s richest 1% now own half the value of   the US stock market , and the richest 10% own 92%.

American capitalism is off the rails.

The main reason is that large corporations, Wall Street banks and a relative handful of exceedingly rich individuals have gained enough political power to game the system.

Chief executives have done everything possible to prevent the wages of most workers rising in tandem with productivity gains, so most gains go instead into the pockets of top executives and major investors. They’ve outsourced abroad, installed labor-replacing technologies and switched to part-time and contract work.

They’ve busted unions, whose membership shrank from 35% of the private-sector workforce 40 years ago to 6.4% today.

They’ve pushed government to slash their own taxes, unravel safety nets for the poor and middle class and reduce investment in education and infrastructure. They’ve eliminated a raft of labor protections. They’ve defanged antitrust enforcement, allowing their monopolies free rein. The free market has been taken over by crony capitalism, corporate bailouts and corporate welfare.

This massive power shift laid the groundwork for Trump. In 1964, almost two-thirds of Americans believed government was run for the benefit of all the people. By 2013 almost 80% believed government was run by a few big interests. The erosion in public trust was particularly steep in the wake of the Wall Street bailout and Great Recession. In 2006, 59% of Americans thought government corruption was widespread. By 2013, 79% did.

At the start of the century, a Gallup poll found that 77% of Americans were satisfied with opportunities to get ahead by working hard, and only 22% dissatisfied. By 2014, only 54% were satisfied and 45% dissatisfied. According to the Pew Research Center, the percentage of Americans who believe most people who want to get ahead can do so through hard work dropped by 13 points between 2000 and 2015.

Much of the political establishment wants to attribute Trump’s rise solely to racism. Racism did play a part, to be sure, but racism’s sordid history in American politics long predates Trump.

What has given Trump’s racism – as well as his hateful xenophobia, misogyny and jingoism – particular virulence has been his capacity to channel the intensifying anger of the white working class. It is hardly the first time a demagogue has used scapegoats to deflect public attention from the real causes of its distress.

Trump speaks the language of authoritarian populism but acts in the interests of America’s emerging oligarchy. His deal with the moneyed interests was simple: he’d stoke divisiveness so Americans wouldn’t see how the oligarchy has taken over the reins, twisted government to its benefit and siphoned off the economic rewards.

He’d make Americans so angry at each other that they wouldn’t pay attention to CEOs getting exorbitant pay while slicing the pay of average workers, wouldn’t notice the giant tax cut that went to big corporations and the wealthy, and wouldn’t be outraged by a boardroom culture that tolerates financial conflicts of interest, insider trading and the outright bribery of public officials through unlimited campaign donations.

This way, the moneyed interests could rig the system while the president complained that the system was rigged by a “deep state”.

Notwithstanding all this, Trump trails Joe Biden in the polls. Trump’s inexcusable failure to contain the coronavirus is having a larger impact on swing voters than the divisiveness he foments. Death has a way of concentrating the mind.

But if Biden is elected, he would be well advised to remember the forces Trump exploited to gain power, and to begin the task of remedying them. The solution is not found in mere redistribution of income. It is found redistributing power. Income isn’t a zero-sum game in which some people’s gains require other people’s losses, but power indubitably is. Some have it only to the extent others don’t.

If wealth continues to concentrate at the top, no one will be able to contain the corrupting influence of big money on the American system and the anger it unleashes. As Justice Louis D Brandeis once said: “We can have democracy in this country or we can have great wealth concentrated in the hands of a few, but we can’t have both.”

• Robert Reich, a former US secretary of labor, is professor of public policy at the University of California at Berkeley and the author of   Saving Capitalism: For the Many, Not the Few   and   The Common Good . His new book,   The System: Who Rigged It, How We Fix It , is out now. He is a columnist for Guardian US

Trump doesn't work for shit except on my last nerve.

Work for Trump is having to take his Big Mac out of the bag himself.

Trump talked for about an hour including the questions from reporters.  I didnt hear anything about what labor means to America. He talked a lot about China and Joe Biden though. He also said Kamala Harris is the most liberal person in Congress which probably came as a surprise to the rest of the Senators and Congresspeople. 

Trump spent most of the hour shrieking hatred against his "enemies".  Another classic unhinged Trumpian performance.

His enemies have spent almost four years shrieking hatred against Trump and his supporters. And they can't deny it.

Trump treats the American people, the American military, the American intelligence services, the American free press, the U.S. Constitution and American democracy as his enemies.  And he has spent 4 years shrieking his hatred of all of them.

The inequities in America were always there although Capitalism did---with fits, drawbacks and starts---slowly increase the buying power of the American worker through the constant pushing by Labor Unions.

And then along came Supply Side Economics which murdered Capitalism, successfully reversing the gains hard fought for the Working Class since before WW1.

Trump is not a friend to labor or anyone else.  He never has been and never will because he does not comprehend what it is like to NOT being born and on that very day having one million dollars placed into a trust fund at the behest of a wealthy family.

Trump wouldn't know real labor if it hit him in the head.

Have a great Labor Day everyone.

I’m in a union. I know quite a few guys in my local. All but a small handful will be voting for trump.

Didn't know The Soviet Union still existed.

What the f does your response have to do with my comment.

Everything.

You can’t express your thoughts any better than that? I overestimated you.

No.  You overestimated yourself.

What news?

Don’t try to make this about me. You’re the one who has trouble expressing your thoughts.

I think all the Police unions supporting Trump disagree with this articles premise John.

That said, this whole article is just a liberal fluff piece.   Historically unions have always supported Democrats.   No matter who they are.   Hell, the union i was in would go to great lengths to tell us who to vote for.  

I found that extremely hilarious that they thought they had some kind of power over who i voted for.

Yeah, we get a letter listing “labor friendly” candidates from our hall every election. Every time each candidate is pro-illegal, anti-gun, pro taxation, etc. no thanks.