Tag Archives: International finance

Donald Trump’s Complex Cabinet

Didn’t President Eisenhower warn us about this?

Eisenhower coined the term Military-Industrial Complex in his 1961 farewell address. In 2017, maybe the Military-Industrial Complex will rule America.

President-elect Donald Trump’s most notable Cabinet appointments so far divide about equally into military leaders and captains of industry and finance. Does a general outrank a captain of industry, or vice versa?

Gen. James Mattis nominated to head the Defense Department, and Gen. John Kelly for secretary of Homeland Security, to mention only two.

Steven Mnuchin, from Goldman Sachs, to be secretary of Treasury, and billionaire investor Wilbur Ross, for secretary of Commerce.

And surpassing all, Rex Tillerson, CEO of Exxon Mobile Corp., for Secretary of State.

Tillerson heads one of the world’s top-ten international corporations. President-elect Trump presides over one of the world’s largest privately held business empires. Business interests have a long history of influence over government foreign and military policy, particularly when you look at history through the lens of imperialism and colonization. Now, looks like international business interests and U.S. foreign policy will be one and the same.

When Eisenhower spoke of the Military-Industrial Complex, he was referring to the Armed Services and the Defense Industry. The Trump administration will feature a more modern and encompassing complex, not limited to defense.

So we have generals and admirals, of course, along with corporate CEOs and masters of finance. As Britain once ruled the waves, I suppose U.S. financiers, perhaps in an unholy alliance with bankers in London, Tokyo and other capitals, maybe even China, now aspire to rule the world of currency, investment and international trade. Kind of makes you wonder if national borders have any purpose at all, except for managing immigration.

I can’t help but wonder: With the best military leaders and the most successful CEOs firmly in control of government, will elections still be necessary? Don’t want to think about it. Shouldn’t even mention it.

Stop worrying about worst-case scenarios, I tell myself. At this writing, selection of the Cabinet is ongoing, and the nominees await Senate confirmation.

So let’s be fair. It’s far too early to judge the Trump administration. It hasn’t even taken office. I will continue to hope for the best.

— John Hayden

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