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Laura Ruggeri's avatar

Great essay, thank you. If only people could see the schizo-paranoid cage into which their individualism has herded them! BTW, the iceberg was on my mind when I wrote this article. I argue that "No Kings" protests and the MAGA movement function as complementary mechanisms in an intra-elite power struggle rather than genuine grassroots challenges to the American system.

While conservative critics have labeled the No Kings protests a foreign-funded "color revolution," no credible evidence of foreign involvement exists, as all identified donors are U.S. nationals. Instead, both movements represent an "inside-in" assault, where rival domestic elite factions weaponize popular mobilization to pressure, discredit, or weaken each other.

This dynamic is distinguished from a classic Gramscian "passive revolution," where elites co-opt dissent after it emerges; here, elites proactively create or support protest movements as strategic instruments in their internal power contests. Both factions ultimately seek to defend elite class power and U.S. hegemony, using culture wars and spectacle to keep the public divided and neutralize genuine challenges to the system.

Both No Kings and MAGA supporters fall into the trap of indexical inversion (Trump as a cause rather than a symptom) when actually he is not an aberration but rather the embodiment of late-stage financial capitalism’s contradictions.

The U.S., facing structural decline, has defaulted to chaos and disruption as its only remaining modus operandi.

Trump does not govern like a traditional statesman with a coherent vision. Instead, he governs like a hedge fund manager. The logic is not the logic of a plan, but the logic of the hedge. A hedge fund does not need the market to go up or down; it needs the market to move unpredictably so that its carefully constructed portfolio of long and short positions can extract value from volatility.

Trump applies the same method to politics and foreign policy.

Movements that oppose or support him are locked in a mirror dance. Until people break free from this reactive mirroring and start organizing around the material conditions that produced Trump, they will remain trapped in the same paranoid-schizoid machine, forever chasing a red herring while the real work of building an equitable system goes undone.

Unlike the elites who profit from volatility, ordinary people have no hedge portfolio. Whether they live at the periphery or in the rotten centre of the empire, they bear the brunt of Washington’s pursuit of hegemony through chaos. https://substack.com/@lauraruggeri/p-194162410?utm_id=97758_v0_s00_e0_tv1_a1dennhb5da5c1&fbclid=IwZXh0bgNhZW0CMTAAYnJpZBExaThydXp3bWxVSGlRaDZRRHNydGMGYXBwX2lkEDIyMjAzOTE3ODgyMDA4OTIAAR5Q4cgavrzM0xxkLtYvbUjmIlr-xg3I9Hg8yckense1fRXuRnQiCAqrAxUzSQ_aem_hj2bR0wBZH3opDgLIymUIw

Turing Effect's avatar

Excellent column again today, per usual, and I do enjoy these rather esoteric discussions of the many convoluted reasons behind our ongoing collapse. But personally, I still tend to put my faith in the much more basic explanations underlying it all, namely: resource shortages, environmental degradation, and overpopulation, all due to the rapacious nature of industrial capitalism and its follow-on scourge, rampant industrial financialism. These are the two driving factors behind everything we see unfolding today.

The jig is up with regard to traditional industrial capitalism and everyone knows it at some level or another. The oligarchic classes have been eagerly anticipating this for quite some time and are exploiting that knowledge fully, the professional classes realize it and and are actively engaged in denial while continuing to pursue their own interests while "hedging" as best they can to maintain their positions on the socio-economic ladder for as long as possible , while the lower classes are left casting about for whatever scraps remain and adopting whatever political/religious/philosophical stance they have at their disposal to make some small sense of it all.

Unfortunately for all involved, the bottom line remains inescapable: terra firma cannot support 8B+ people and growing living at anything approaching current first world standards and that means big trouble in River City for the foreseeable future.

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