Tagarchief: Democracy

The Crises of Our Lifetime

Posted on by Jeppe Kleijngeld

2026 marked another record year for heat, confirming that the age of climate change is fully upon us. We saw it coming but quietly hoped the effects might not be as severe as predicted. Yet, as it turns out, climate scientists were painfully accurate in their warnings. They also outlined solutions, but those calls to action were largely ignored by those in power.

Then there’s the exponential rise of AI. Experts continue to warn us: its progress is staggering. Of course, some of that is marketing hype, but no one disputes that its impact on jobs and the economy will be profound. The problem? No one knows exactly what that impact will look like. A decade ago, few could have imagined AI chatbots capable of answering almost any question in the world.

So, with these monumental crises looming, it’s reassuring to know we have leaders who prioritize our best interests, right? Not quite. The United States is no longer considered a democracy by standard definitions. Meanwhile, oligarchs – some of them like Musk gone fully insane and evil – are betting on democracy’s collapse and the permanent establishment of an oligarchy – one where they consolidate even more power and wealth.

Their vehicle for this is Donald Trump and the Republican Party, who have abandoned any pretense of working toward a better society for Americans. Instead, they serve corporate interests, the state of Israel, and the billionaire class.

Are the Democrats any better? Unfortunately, the current leadership leaves much to be desired. They still refuse to acknowledge that the political donor system is destroying their country and continue to rake in the stinking corporate and billionaire dollars. Policy is for sale in America with both the Democrats and the Republicans. However, a new wave of Democratic Socialists, including figures like New York Mayor Zohran Mamdani, is gaining momentum.

November will be a pivotal month for America and the world. If Democrats can reclaim the House and the Senate, they could halt many of Trump’s most extreme actions and impulses. Better yet, they could begin investigating and subpoenaing the Trump regime for its corruption and its many horrific crimes.

My bet is that Trump’s loss in November will be overwhelming and the Democrats will gain control of the House and probably even the Senate. But here’s the real concern: What will the Democrats do next? We already know what Trump and the Republicans will do: they’ll deny the Democrats’ victory and obstruct them at every turn. The uncertainty lies in how the Democrats will wield their power afterward.

If they continue with their usual middle-of-the-road approach, we’re in serious trouble. The people will grow even more desperate, and we’ll still lack the leadership needed to confront the defining challenges of our time. To defeat the oligarchs, we need the largest pro-democracy movement in history – one that can install and sustain the leadership required to guide us through these dark times.

There are glimmers of hope: in Hungary with the defeat of Orban, in New York with Mamdani, and now in Michigan, where progressive Abdul El-Sayed won the Democratic primary. America will have a revolution. The question is whether it will be an oligarchic one or a return to democracy. Time will tell.

Is America’s Existential Crisis Unsolvable?

Posted on by Jeppe Kleijngeld

The Trump regime has been in power for 15 months now, and its actions are becoming increasingly damaging for the country and the world. The start of the Iran war by rogue states US and Israel, in which a girls’ school has already been bombed (170 children dead) and U.S.-Israeli airstrikes on oil depots caused ‘acid rain’ poisoning the population, is only the latest in a long list of scandalous crimes and human tragedies.

There is certainly a loud call for Trump to be impeached, but despite a lot of talk of a rupture in the MAGA movement, he still has full support of MAGA and the Republican Party. That is despite all the campaign promises he has broken and crimes he has committed, including his name being mentioned in the Epstein files a million times.

What does that tell us about the state of the country? In short: America is cooked. A recent post by a MAGA canal really drove it home for me:

The post refers to a recent scandal in which it became known that Secretary of War Crimes Bourbon Pete Hegseth went on a mad spending spree at the Pentagon blowing millions on lobster and steak.

The way this message is framed is that if you are opposed to over-spending at the Pentagon, you are against American troops getting decent food. Even worse, if you’re against American soldiers getting fed lobster and steak, you are obviously in favor of spending huge amounts of money on insurance premiums for illegals.

The debate over public spending on undocumented immigrants is completely unrelated to Pentagon spending, but the division in the USA paints everything in a toxic black and white picture. Trump has amplified these tensions through persistent misinformation, inflammatory rhetoric, and the promotion of unfounded conspiracy theories.

A recent poll indicates how deep this distrust in American society goes:


A whopping 53 percent of Americans see their fellow citizens as immoral, and this is obvious from how they are portraying each other in the media. MAGA is condemned for supporting an obviously criminal and completely immoral president who is destroying democracy, while democrats are seen as evil people who want to overflow the country with illegal criminals and rapists. This has become such a widespread belief among a large part of the country that it will be hard to get them back from this – even if Trump would be gone.

And that’s the heart of the problem: Americans are now living in entirely separate realities, each shaped by fundamentally different value systems. Democrats generally believe America should strive to be a force for good – flawed as it may be – working to improve lives and promote democracy around the world, even if the execution isn’t always perfect. In contrast, the ‘America First’ ideology pushes for a vision rooted in white, Christian, male dominance, where the U.S. operates as an unapologetic superpower, taking what it can with little or no regard for others. Under this worldview, immigrants are not just excluded but actively demonized, treated as threats to be expelled or erased.

How do you convince the MAGA crowd that Trump and his party are only in it for personal gain, and their actions are severely damaging to the country in the short and especially the long term?

The media are a big part of the problem. Mainstream channels have chosen for Trump (like FOX ‘News’) or a middle of the road approach, which really doesn’t work in this environment. A newspaper headline, like ‘Trump wants to acquire Greenland’ really doesn’t reflect what is really going on: ‘Dictator Trump wants to aggressively annex Greenland with military force’.

So the media is not doing its job, and even worse, many Trump supporters now own all major media, especially after the recent acquisition of Warner Bros Discovery by Trumper Larry Ellison.

And this is one of the reasons I am so pessimistic about America’s future prospects. The media is extremely important to turn the tide, but the legacy media are not doing their job and social media (owned by Trump’s billionaire cronies) that monetize conflict are making things much much worse.

But it is far from the only problem. These are other major issues that make a turnaround in the short term very unlikely:

● The Republican party are the only ones who could really stop Trump, but they are not doing it. The old party – yes, they were assholes, but at least they had some independent thinking going on that would definitely be opposed to much of what Trump is doing – is dead. Trump has destroyed it, and they are now in it for 100 percent. No matter how insane their leader is, they won’t stop him.

● The democrats – while they have some good people – are far from united and they are not speaking with one voice. Take the Iran war, where is their reunited condemnation of this illegal war?

● The corporate political donor system is still very much in place. That means that not the American people, but the big corporations decide which policies will be implemented. At the same time, the concentration of wealth and a non-level playing field for the middle and working classes are turning American democracy into an oligarchy.

● The current U.S. Supreme Court is widely seen as both a reflection and an amplifier of the country’s deep political polarization. The Court now has six conservative justices and three liberal justices. This ideological split is the most pronounced in decades, and the Court’s rulings increasingly break along these lines. In recent terms, the number of cases decided by a purely partisan vote has tripled, while unanimous decisions have declined sharply. The Court’s rulings on issues like abortion (Dobbs), campaign finance, voting rights, and executive power have not only reflected, but also deepened political divisions. The Court’s growing alignment with partisan politics has led many Americans to view it less as an impartial legal institution and more as a political actor. This shift is evident in public opinion polls, where favorable views of the Court are near historic lows, especially among Democrats and younger Americans

What America needs is a huge turnaround, a systematic change in government and how it functions. I currently see no evidence of this happening. The focus is now – understandably – on winning the Mid Terms by democrats and then winning the 2028 election in order to stop Trump. And it will certainly be a relief to see Trump removed. If they can, and this is a huge if.

However, the problems mentioned above will still be there. Which democratic leader will really solve this mess? Bernie Sanders was that leader, but the dems thought nominating him was too risky. A new leader of that calibre has not yet emerged.

We have been here before. When Biden won the election in 2020 we were relieved. But 74 million people still voted Trump in 2020 even after his disastrous first term. Just as worrying: about 89 million eligible Americans did not vote in 2024, while the country was under threat by a fascist takeover by MAGA. That means the trust in politics to solve problems has sunk to rock bottom in the US.

Optimists note that the U.S. has navigated previous existential threats – including the Revolutionary and Civil Wars – suggesting a capacity to overcome deep crises.

That may well be, but I currently see no way out of the polarization, so my current analysis is that the American crisis is terminal. We, as Europeans, have to steadily derisk from the USA and realign ourselves with reliable partners, such as Canada.

Let’s hope that in the long term, the crisis is an opportunity for the US to address long-standing flaws (such as economic inequality or political dysfunction) and create a ‘new Renaissance’ or a more inclusive society.

But for now, this is unfortunately the status of the country:

😅

America’s Drift Toward Autocracy Not Yet Priced Into Stock Markets

Posted on by Jeppe Kleijngeld

The rate at which Trump and his fascist thugs are installing an autocratic regime in the United States is breathtaking. Federal forces are deployed in cities with the instruction to use ‘maximum force’ against Americans, every institution that is not MAGA is attacked, and brown people are kidnapped off the streets by gestapo ICE agents by the hundreds. Every American who values democracy knows this is the fight of their lives.

The economic fallout of Trump’s policies is already visible. Tourism is struggling. Farmers are hurting. Ordinary people are seeing their spending power decline. Yet the stock market has held up surprisingly well since Trump took office. Certain sectors, especially tech, have enjoyed gains, even as volatility has spiked due to trade wars, tariffs, inflation risks, and global uncertainty.

Everyone understands America is facing serious long-term risks. Markets, however, are biased toward the short term: they price in near-term, quantifiable changes like tax or regulatory shifts. Longer-term and systemic risks – climate change, for example – are notoriously underpriced because they are difficult to time or quantify.

Authoritarianism, like climate change, unfolds gradually. Its costs are diffuse, slow to appear, and thus rarely priced in until too late. America’s drift toward authoritarianism under Trump is almost certainly underestimated by investors. Over time, it will be bad for U.S. companies and markets:

● Investors demand higher returns for exposure to countries where the rule of law is undermined.

● Arbitrary executive actions (e.g., against companies critical of the regime) would raise uncertainty and financing costs.

● Independent courts, regulators, and agencies provide predictability and contract enforcement. Authoritarian consolidation erodes these safeguards.

● Without reliable institutions, companies face a higher risk of politicized regulations, favoritism, or selective enforcement.

● Global capital depends on confidence in U.S. democratic stability. Authoritarian drift could lead to capital outflows, reduced foreign direct investment, and a weaker dollar as investors seek safer jurisdictions.

● Authoritarian systems often mean policy changes on a whim, benefiting allies and punishing opponents. That increases volatility, discourages long-term business planning, and incentivizes short-termism over innovation.

● U.S. authoritarianism could strain alliances (this is already happening), trigger retaliatory trade policies, and weaken American leadership in global standard-setting.

● U.S. competitiveness relies on being a magnet for global talent. An authoritarian shift could reduce immigration, drive skilled workers abroad (this is already happening), and create a climate of fear and censorship that stifles innovation and entrepreneurship.

● Institutional investors and consumers worldwide are increasingly guided by environmental, social, and governance (ESG) criteria. A U.S. move toward authoritarianism would damage its ESG profile, pushing pension funds and global asset managers to divest.

Historical Comparisons
Other countries that consolidated authoritarian rule show a clear pattern: markets initially underprice the risk, only to suffer later when the costs become undeniable.

Russia (Putin):
In the early 2000s, Russia was attractive to foreign investors. But once Putin consolidated power, arbitrary interventions like the Yukos oil seizure scared off capital. Valuations remained permanently discounted due to ‘Kremlin risk’. By 2022, geopolitical aggression fueled by authoritarian control triggered massive capital flight, sanctions, and an investment collapse.

Turkey (Erdogan):
Turkey was once an emerging-market success story. As Erdogan weakened central bank independence and concentrated power, the lira collapsed, inflation soared (up to 84%), and foreign direct investment dried up. Unpredictable regulations, cronyism, and politicized courts continue to suppress growth.

Hungary (Orban):
Orban’s erosion of rule of law and press freedom led investors to see Hungary as politically risky compared to peers like Poland or the Czech Republic. Reliance on EU subsidies deepened as private capital inflows shrank.

Venezuela (Chávez/Maduro):
An extreme case. Venezuela was once South America’s wealthiest nation. But authoritarian populism led to expropriations, collapse of the private sector, and irreversible capital flight. Markets underestimated the risks until it was too late.

Will Trump’s attempt succeed?
The jury’s still out on this one. Crucial will be the mid-term elections from next year where democrats can win back dominance in the House of Representatives and part of congress. I am personally very pessimistic about this. Trump will not allow the democrats to win and rig the election any way he can. I have a hard time seeing any other scenario than violent revolution to turn this nightmare around and undo the untold damage Trump is causing.

An Open Letter to Bob Iger (and Other CEO’s)

Posted on by Jeppe Kleijngeld

Before Donald Trump was elected president, it was predicted that he would go full dictator the second time around. In his first term, he tested the waters and experienced the barriers of executive power. In the four years out of office, he figured out how he could change the game should he get in office again – helped by the Heritage Foundation, who drafted the diabolical Project 2025, an elaborate scheme to turn America into a conservative, Christian white nationalist hellhole.

So what the Trump regime is doing now is no surprise: he is implementing the authoritarian playbook step by step.

A little more surprising to me last year was how many business leaders in the US supported Trump. I thought: really? A convicted felon, con artist, and rapist with no morals whatsoever? I guess I was still pretty naive and did not realize yet that out-of-control capitalism in the United States is really in the terminal, self-destructive phase in which unlimited greed will bring down the entire system. I was naive because I thought that at least some leaders could also be a force for good and bring positive societal change.

These leaders – if they even existed – have now completely vanished. They supported Trump because they thought he would be good for business (boy, were they wrong). The level of greed is beyond appalling.

Just as appalling is the lack of push-back since Trump started his grand demolition of the former Land of the Free. I cannot name a single CEO who took a stance against Trump from a moral or even a business standpoint. Most CEOs, like Tim Cook of Apple, have sucked up to him and capitulated in advance. The disgusting tech billionaires have declared themselves morally bankrupt and decided to join the autocracy from Day 1.

The latest example of this cowardice and reprehensible behavior is Bob Iger’s (CEO of Disney) capitulation to Trump. And this is one of the most damaging instances for the nation yet. ABC, a subsidiary of Disney Entertainment, canceled the show of comedian Jimmy Kimmel. They did this after Brendan Carr, chairman of the Federal Communications Commission (FCC) and Trump sycophant, threatened to pull ABC’s license after Kimmel made remarks about Charlie Kirk’s killer’s political leanings (“We hit some new lows over the weekend with the MAGA gang desperately trying to characterize this kid who murdered Charlie Kirk as anything other than one of them and doing everything they can to score political points from it.” ) and cracked a joke about Donald Trump’s ultra short grieving process.

The canceling of a comedian on orders of the regime is really the final nail in the coffin of America’s democracy. And one man is responsible for this atrocity. I am talking about you, Bob Iger.

Iger had a good reputation, but now – with one fell swoop – he has torched it. He will go down in history as a gigantic coward who gave up to the fascists and didn’t even try to stand up to them.

And he didn’t even have to comply. The FCC doesn’t even have the power to revoke ABC’s license over their content. And besides, Kimmel hadn’t even said anything that was over the line. Compare his remarks to Fox Media Host Brian Kilmeade, who in the same week said that homeless people in the United States should get a lethal injection. A remark that has probably led to the shooting at a homeless shelter soon after. But this guy works for Fox News, which is already in Trump’s pocket, so he can get away with anything.

Bob Iger presumably did it because he wants to make deals (mergers and acquisitions), and he needs the FCC’s approval for that. So it was a cold and calculated business decision, as though morals, rules, and common decency don’t count anymore.

The irony is that Disney is the company that delivers America’s democracy this deathblow. Disney, with its classic movies about good versus evil. Disney, which was a stern advocate for inclusion and diversity. Now we know what these values really mean to them: jack shit.

Earlier this year, Disney released the second and final season of the Star Wars show Andor, the ultimate series about how to stand up to tyranny. The answer is that it takes thousands of actions by thousands of different heroes to defeat an authoritarian regime. Did you even watch that show, Bob? Then you might have picked up lines like: “The Empire cannot win. You will never be right unless you’re doing what you can to stop them.”

I think Iger, and these other gutless business leaders, made the wrong decision. For several reasons. First of all, you should never ever capitulate to a fascist leader unless perhaps your family is at risk. Otherwise, it is even better to be thrown in jail than to capitulate. Because when you do that, you’re corrupting your soul and enabling evil by which you make life more difficult for millions of people.

Secondly, if your bottom line is all you care about, this will suffer as well. Not only is Disney getting boycotted, but also Trump is wrecking the US economy. You might think authoritarianism is good for business, but only look at Vladimir Putin’s Russia to see that this is not the case. All right, the oligarchs might do okay for a while, but when things go south, they tend to start flying out of windows fast.

Thirdly, you may think that Trump is for sale, and sometimes he is, but as soon as you meet the demands of a bully he will always come back for more. With Trump, we have seen this countless times. Eventually, he will take you for everything you’ve got.

In other words, you fucked it up, Iger. Why don’t you grow a pair and go on television and tell Brendan Carr to go fuck himself and that Disney supports freedom and will resist authoritarianism in every type, shape, or form? The people will love you for it, and your bottom line will grow. Yes, you will probably lose your job, but at least you will be remembered as somebody who used his prominent position to stand up to the fascists.

Same goes for all the other CEOs out there… Shame on you for remaining silent in this time of crisis.

To conclude, I’d like to share this hilarious video my countryman Lubach made about Disney’s pathetic capitulation: