Al -Jazeera Net Correspondents
Over the past decades, the global capitalist system prevailed with its principles that were established after the Second World War, based on the economy of free market and international economic integration.
However, the period of the rule of US President Donald Trump carried fundamental changes that shook the foundations of this system, and reshaped the nature of the relationship between the state and the capital.
“Trambeh” has adopted a new approach based on national protectionism, the increase in the influence of major companies, and the reduction of the state’s role in the economy in favor of the Economic Forces of the Economic Dish (a form of government so that the authority is confined to the hands of a small category that is characterized in this case with money).
The beginning of the end of traditional capitalism?
Analysts believe that Trump’s arrival to power was a turning point in the capitalist system prevailing since 1945, as his policies deliberately dismantle the rules on which the World Trade Organization was based, and imposed new rules that put the interest of the United States over any other considerations.
Anatol Kaltsky, co -founder of Javaqal Dragonomics and a writer in Reuters, raises a fundamental question about whether these changes represent the “end of the beginning” of a new brutal new capitalism.
Dismantling the deep state
One of the most prominent features of trampalism is to seek to restructure the deep American state and its economic and security institutions, after accusing it of corruption and bureaucratic deficit. Trump’s policies, and after him, reflected his supporters, heading towards giving major companies a greater role in government management, which was embodied in appointing prominent businessmen to sensitive government positions.
Here is the pivotal role of Ilon Musk, which has become an essential part of the American decision -making system, through his huge companies such as “Tesla” and “SpaceX”, which enabled him to achieve unprecedented economic and strategic gains.
Digital oligarchy
The “Second Termus” is a more extreme transformation in capitalism, as national protectionism merges with the control of a few wealthy people on the economic and political decision. Dr. Ibrahim Ozturk, a professor of economics at Duisburg-Essen University, determines 3 major features of this transformation:
- Economic protectionism: Imposing high customs definitions to protect the local industry and reduce dependence on foreign markets.
- The oligarchy company: enhancing the influence of major companies so that it becomes part of the government and not only the economy.
- Digital feudalism: The markets are turned into platforms run by giant technological companies such as Amazon and Google, which leads to the monopoly of the economy.
Reducing power and wealth
Trump and his supporters are trying to restructure the American capitalism so that it becomes more biased to a limited group of adult businessmen, at the expense of traditional bureaucracy and academic elites.
Adrian Woldridge, a writer in Bloomberg, indicates that this trend reflects the ambition of a group of wealthy people who reject “modern organizational restrictions” and want to redefine the role of the government in a way that serves their direct interests.
Protection and its global impact
Trump adopted strict protectionist policies, raising the slogan “Let’s make America a great again” and impose exorbitant customs definitions on imports from China, Canada, Mexico and the European Union.
According to Simon Johnson, from the Peterson Institute for International Economy, these policies have led to double results. On the one hand, the profits of major American companies strengthened, but in return it increased the costs of living and led to job losses in the industrial sectors.
Digital feudalism
The Italian philosopher Antonio Gramshi believes that “the ancient world is dying, while the new needs time to appear.” This concept is reflected in the emergence of “digital feudalism” as economic power is directed towards absolute technological monopoly.
The Greek writer Yannis Varovakis indicated in his book “Technological Feitation” that traditional markets are replaced by digital platforms under the control of giant companies, which makes entering the modern economy world conditional on the subject of this system.
Current currencies are a tool for financial domination
Part of the tram -transformation is the exploitation of cryptocurrencies as a way to redistribute the financial authority. With Trump’s investments and advisers in this field increasing, it has become clear that there is an attempt to create an alternative financial system that the new economic elites benefit from.
According to the analysis of Benjamin T -Jones in the “The Conversion” platform, this trend may strengthen the Oligari economic authority and reduce the state’s role in controlling cash and financial policy.
Economic tyranny and the exploitation of global wealth
Trample policies are not limited to the American interior, but rather extend to the exploitation of the resources of other countries by multiple means. The book “The Ty themselpe of Ghory” refers to Timothy K. Cohenner indicates that the American economic system has become more biased at the interests of major companies, at the expense of poor countries whose wealth is looted in different ways, whether through unfair commercial policies or through increased financial and technological influence.
It appears that the gap between the rich and the poor is a candidate for the continuation of these policies. Trambee capitalism is moving towards an economic model that gives wealth and power to a minority, while the majority of citizens are facing increasing living costs and limited job opportunities.
The question remains: Are we facing a new economic system that reshapes the future of the world, or is the trambia just a passing stage that will face internal and external resistance? This is what the coming years will reveal.
