Trump makes history again

The New York Times reports:

The economic collapse in the second quarter was unrivaled in its speed and breathtaking in its severity. The decline was more than twice as large as in the Great Recession a decade ago, but occurred in a fraction of the time. The only possible comparisons in modern American history came during the Great Depression and the demobilization after World War II, both of which predated modern economic statistics.

To be fair to Trump, a thought that makes me choke, the problems expressed by the recent economic catastrophe were the product of the neoliberal project that has dominated the American political economy since the late 1970s. Financialization, globalization, deregulation, stagnate wages, militarization — these produced a relatively resourceless society and political economy. The United States can annihilate life on the planet, but it cannot solve problems other countries can address with difficulty, but successfully. Washington did manage to transfer trillions of dollars to the corporations and oligarchs who fund the two cartel parties.