Mo Money, Mo Problems

Mo Money, Mo Problems Tracy O via Flickr and Creative Commons

The people who are about to control all of the major political institutions in the United States are going to make life extremely miserable for the people who put them in power.

The people about to take power want fast cash in the form of speculation, derivatives, debt, leveraged buyouts, and shareholder maximation. Trump’s America is going to have major bubbles, which will increase indebtedness in the private sector, and then, when things go bustโ€”when the rich need liquidity to reduce debts and exposure to a crisisโ€”those debts, their debts, will be transferred to the public sector. The indebtedness of the few will become the indebtedness of us all.

Charles Mudede—who writes about film, books, music, and his life in Rhodesia, Zimbabwe, the USA, and the UK for The Stranger—was born near a steel plant in Kwe Kwe, Zimbabwe. He has no memory...