Something Is Rising In Trump’s Wake, But I Don’t Know Exactly What To Call It…

A friend suggested “Nincompopulism”, but I don’t like calling people names…

Eric J Scholl
4 min readFeb 4, 2021

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One of the things that’s really striking to me about stuff that keeps coming up recently, whether it’s in politics, or the economy, or health, or whatever, or wherever, is that people are doing a lot of noisy, boisterous stuff these days, perhaps with some short term objective in mind, but a lot seemingly just to tear things apart and jump around with no thought at all not one bit about what comes after. And what real destruction they may leave behind the havoc they wreak, which they’re doing sometimes just for fun, or so they say.

Like how did we wind up in a world where the main lesson many learned from the GameStop turmoil last week on Wall Street is not that cheating is wrong and needs to be fixed at the highest levels, but instead, everybody should be cheating?

So when Senator Elizabeth Warren (D) MA Tweeted:

She got attacked. From the left and right. From a lot of small investors who felt they’d finally found tools allowing them to manipulate markets and she is already trying to take that away from them.

And, yeah, maybe there is some argument to be made — in fact I made it — about whether GameStop is an example of market manipulation, since there’s nothing illegal about lots of people buying a stock or telling you to buy a stock. On the other hand, if the sole reason lots of people are buying or telling people to buy a stock is to expressly manipulate the price, how is that not manipulation? But in the sense that it’s worth examining from all angles, Warren’s completely right.

A side note: Warren’s being added to the powerful Senate Finance Committee, which will be chaired by Oregon’s Ron Wyden, who’s also no slouch. She’s also promoting a “wealth tax” of 2% on people with a net worth of more than $50-million, or 6% for people who’ve got more than $1-billion. That’s less than most people in the U.S. pay in sales tax every day. The most ringing endorsement of Warren’s…

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Eric J Scholl

Peabody award winning journalist. Streaming media pioneer. Played @ CBGB back in the day. Editor-In-Chief "The Chaos Report" www.thechaosreport.com