Most policies that Trump attempts to implement, such as cuts to Medicaid, NOAA, and more, have an End-Stage Capitalism component.
Trump is speeding up End-Stage Capitalism.
Donald Trump has never hidden his preference for governing by corporate playbook. Still, the 2025 policy slate marks a qualitative escalation: it systemically redirects public resources, public data, and public risk toward private accumulation. Economists on the left, from Rosa Luxemburg to contemporary scholar Richard D. Wolff, call this moment “end‑stage capitalism” — the phase in which the search for profit confronts ecological, democratic, and demographic limits, cannibalizing the social foundations on which markets depend. Trump’s cuts to Medicaid and the National Oceanic and Atmospheric Administration (NOAA) exemplify that dynamic, revealing how austerity, privatization, and deregulation reinforce one another to squeeze everyone but the investor class.
Progressive critics define end‑stage capitalism not primarily by technological innovation or GDP, but by a structural…
