Tag: Billionaires

Two Months that Set New ‘Normal’ in U.S. Bourgeois Politics; The Billionaires Who Backed Trump’s Bonapartist Course

Feb. 3, 2021—In the article titled “Radicalism, Bonapartism, and the Aftermath of the 2020 U.S. Elections,” we described the Jan. 6 rightist mob attack on the U.S. capitol as the culminating step in a series of developments that posed serious dangers to civil liberties and the working class. Enough evidence is now established to detail further the extent of financial support from some sections of big business for former U.S. president Donald Trump. That backing, widespread and essential to his re-election campaign, did not end after Trump’s defeat at the polls. It diminished when Trump and his closest allies over-reached with the failed violent assault on U.S. Congress. Between Nov. 3 and Jan. 6, plenty of bankers, merchants, industrialists, and other capitalists kept up their donations to Trump as he peddled outlandish and conspiratorial claims of a “fraudulent vote” and instigated street actions aimed at overturning the popular vote and holding on to power.

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