Trump and the “Collapse of Capitalism” (COC): Foibles, Fables and Failures, The Financial Press and its Keepers
NOVANEWS
By Prof. James Petras
Global Research
US officialdom and their media megaphones have systematically concocted narratives having less to do with political reality and more with their hallucinogenic world view. Pre-election and post-election reportage weaves a tapestry of fiction and fantasy.
We will discuss the most pernicious of these remarkable foibles and fables and their predictable failures.
1. Collapse of Capitalism
The pundits, prestigious editorialists and ‘economists with gravitas’, have convinced themselves that the election of Donald Trump would ‘lead to the Collapse of Capitalism (COC)’.
They cited his campaign attacks of globalization and trade agreements, as well as his ‘reckless’ swipes at speculators. In reality, Trump was criticizing a specific k...