Trump and his cheerleaders want to go beyond neoliberalism, which maintains that a minimal state is ideal for economic prosperity, and establish hypercapitalism by dissolving any controls the state has over the accumulation of wealth by the extremely rich.
They understand that we are living in times when extracting profit from society is not as easy, so they want to free capitalism from the hindrances of democracy and the demands of the people that their rights – political, social and human – be protected by the law and by the state.
The tech bros that Trump has surrounded himself with have wrapped this hypercapitalism in a technological cover, claiming that technology can solve all woes and unlimited growth – read unlimited profits for the rich – is the only way to progress.
I’m not sayin’ hypercapitalism is a movement by the billionaire class to accumulate enough wealth to leave the planet, I’m just sayin’.
tags: politics hypercapitalism
posted by matt in Sunday, May 4, 2025