Capitalism has been described as “creative destruction.” In the worst case scenario it is human beings who are destroyed. The market does not care. Profits over people is the true “golden rule” and the “invisible hand” at work in its most cruel form.
Hurricane Harvey and its horrific aftermath will be an exercise in disaster capitalism. (Yes, it’s a tropical storm now, but made landfall as a severe hurricane.)
Harvey and its aftermath offer an opportunity for gangster capitalists to further undermine the commons and the public square. Harvey has created a stage on which the profiteers and price-gougers will take advantage of a desperate public.
There is an another troubling dimension to the Harvey disaster that few observers have considered. The rebuilding of Houston and surrounding community will provide an opportunity for Donald Trump to appear “presidential” by funneling hundreds of billions of dollars into the cleanup and construction effort. This could be an opening Trump to leverage the “economic populism” he promised to his angry racist voters during the 2016 campaign. Such a move would only further cement his cult-like hold on his base of supporters.
Eh? But state spending, government spending, will also be bad?